Mission Viejo MOBs Acquired by HTA for $150M

Scottsdale, AZ-based Healthcare Trust of America, Inc. (HTA) acquired four medical office buildings located on the St. Joseph Health, Mission Hospital Campus in Mission Viejo, CA for $150 million. The facility is part of the Providence Healthcare Network.

The multi-tenant MOBs total more than 262,000 square feet leased by medical practices affiliated with St. Joseph Health System. The fee simple transaction carries no ground lease encumbrances.

HTA considers Southern California one of its key markets. It has invested roughly $200 million in the MSA, representing more than 465,000 square feet. So far this year, HTA has invested more than $600 million in medical office buildings totaling two million square feet, nearly 60% of which were located on-campus.

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Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Mission Viejo MOBs Acquired by HTA for $150M

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National CRE News In Your Inbox.

Mission Viejo MOBs Acquired by HTA for $150M

Inside The Story

About Dennis Kaiser