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Monday, 14 June 2004

New York Investors Pay $127.5Mln for Medical Office Portfolio

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June 15, 2004

Two New York real estate families have teamed to pay $127.5 million for a portfolio of medical office buildings.

The investor team, led by Kalmon Dolgin Affiliates Inc., purchased the 800,857-square-foot portfolio from Health Care Property Investors of Newport Beach, Calif.

Wachovia Securities provided financing for the acquisition.

The portfolio contains 17 properties along the eastern United States, including buildings in Orlando, Tampa and Jacksonville, Fla., Boston, New Jersey and New York.

An affiliate of Kalmon Dolgin will manage the portfolio, which is 97 percent occupied.

The purchase marks the launch of Kadima Medical Properties LLC, an entity that Kalmon Dolgin will use to make additional investments in medical office properties. Kalmon Dolgin, which was founded some 100 years ago, is an active investor in industrial and office properties. It is based in Brooklyn, N.Y.


Comments? E-mail Orest Mandzy, or call him at (267) 247-0112, Ext. 211.


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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Office
  • Subject: Joint ventures (JV), Mortgages/Financing (MOR), Property Acquisitions (ACQ)
  • Company: Weingarten Realty Investors
  • Valuation: Between $100 million and $150 million
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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