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Since 1995, Rick has been writing for The Motley Fool, where he s a consumer and tech stocks specialist. Yes, that s a long time with more than 20,000 bylines over those 24 years. He s been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service s inception. He earned his BBA and MBA from the University of Miami, and he splits his time living in Miami, Florida and Celebration, Florida.
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I made a pretty unusual New Year s resolution this year. I committed to putting a chunk of my idle cash to work in dividend-generating investments. Now, the reason that was unusual is that I m a growth investor. I value capital gains over payouts. However, looking for a little more balance in my portfolio after a strong 2020, I decided to venture out of my comfort zone to buy into some REITs and out-of-favor dividend payers in the hopes of smoothing out my market exposure.
A Milwaukee-based real estate investment firm has acquired a Hartford Healthcare-anchored medical office building in Manchester for $16.9 million, town records show.
The 37,510-square-foot property at 376 Tolland Turnpike, which was built only two years ago, sold in December to DOC-376 TOLLAND TURNPIKE MOB LLC, which is controlled by Physicians Realty Trust, a real estate investment trust that specializes in healthcare properties. We are excited to expand our relationship with Hartford HealthCare and the Hartford CT market, and helping to promote access to exceptional outpatient care provided by Hartford HealthCare, said John Thomas, president and CEO of Physicians Realty Trust.
The seller was TOLLAND TURNPIKE ASSOCIATES II LLC, which is controlled by Lon G. Annulli, president of Manchester construction firm Orlando Annulli & Sons Inc.
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Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work!
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Some types of healthcare real estate such as senior housing were hard-hit by the COVID-19 pandemic. But medical office properties were not. Not only are medical office properties extremely resilient in recessions (and pandemics), but demand for these types of properties is likely to grow dramatically in the coming decades.
Physicians Realty Trust Declares Quarterly Cash Dividend and Announces Date for Fourth Quarter and Year End 2020 Earnings Release and Conference Call businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.