SAN DIEGO, California (January 31,
2012) PMB Real Estate Services, a leader in providing real estate management solutions for healthcare closed a record breaking year with more than $31.5 Million in lease value
as measured in total rent revenue.
The leasing activity included 115 total lease transactions comprising roughly 285,000 square feet of medical space. Despite the
continuing uncertainty in healthcare and challenges facing commercial and medical real estate, there is still a strong demand for medical office space.
Leases Executed in 2011:
- Center for Advance Medicine B (Reno, NV):Cardiovascular - 12,000 square feet
- Physicians Plaza at RMCA (Lafayette, LA): Cardiovascular -
7,000 square feet
- St. Francis Medical Center (Lynwood, CA): Master Lease - 32,000 square feet
- Lakeview MOB (Covington, LA): Cardiovascular -12,000 square
- St. Francis Outpatient Pavilion (Honolulu, HI): Endoscopy - 6,000 square feet
â€¢ Lakeside POB (Metairie, LA): Orthopedic - 5,900 square feet
On Campus Space Still Commands a Premium
Many physician groups took the opportunity to relocate to closer, higher-quality medical space over the last 12 months to
benefit from a softer medical office rental market. While many markets nationwide continue to show heightened price sensitivity, on campus medical space still commands a premium in
rate and a preference from groups with a need for proximity to critical and acute care services. As our rates did trend alongside market medical rates, we were able to maintain a
moderate premium over comparable space located adjacent to and nearby our on campus properties.
About PMB Real Estate Services
PMB Real Estate Services, a leader
in providing real estate management solutions for healthcare, manages a portfolio of 44 medical office buildings throughout California, Nevada, Arizona, Oregon, Washington,
Louisiana, and Hawaii. Company services include asset management, tenant relations, tenant improvement construction, maintenance and repairs, property accounting, and lease
negotiation. PMB Real Estate Services is a wholly owned subsidiary of Pacific Medical Buildings (www.pacificmedicalbuildings.com), the leading developer of hospital based
healthcare facilities in the West, and Ventas (www.ventasreit.com) NYSE: VTR, the leading seniors housing and healthcare real estate investment trust in the United States.