Current Edition: June 2014

Current Edition: June 2014

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!) 2014 Archives 2013 Archives

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Cover Story: Hungry for growth: Healthcare REITs  are gobbling up their competitors

Cover Story: Hungry for growth: Healthcare REITs are gobbling up their competitors

Public REITs are gobbling up healthcare real estate – and each other – as they angle to grow their portfolios. Ventas is poised to shore up its position as the biggest fish in the HRE pond, but other REITs are also casting about for ways to move up the food chain. By John B. Mugford […]

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Transactions: HTA grabs MOBs along East Coast

Transactions: HTA grabs MOBs along East Coast

By John B. Mugford Portfolios are the rare gems in today’s healthcare real estate (HRE) investment arena, where available, attractive medical office buildings (MOBs) remain in short supply compared to the amount of capital that would-be buyers desperately want to place. Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) procured one of those rare finds […]

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Seavest Healthcare Properties and Anchor Health Properties are developing the two-story, 72,000 square foot Penn Medicine Southern Chester County medical office building in Jennersville, Pa. Completion is slated for spring 2015. Rendering courtesy of Seavest Healthcare Properties

Outpatient Projects: Seavest, Anchor start new MOB

  Partners collaborating on 72,000 s.f. medical “destination” near Philidelphia, PA By John B. Mugford As the population continues to grow in southern Chester County, Pa., two firms well-known in the healthcare real estate (HRE) sector are embarking on a project that they believe will become a medical “destination.” The firms are Wilmington, Del.-based Anchor […]

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Houston Methodist health system recently announced plans for a new $328 million, 193-bed hospital in The Woodlands, Texas (above). The system also plans a 390-bed, $540 million replacement tower on its campus in the Texas Medical Center.
Rendering courtesy of Page Southerland Page Inc.

Inpatient Projects: More big plans unveiled in Houston

Latest announcement lifts local providers’ planned investment to $2 billion-plus By Connie M. McCaffrey Houston healthcare providers have announced about $2 billion in new projects in recent months. Houston Methodist last month raised the ante with another ambitious plan. On May 29, Methodist announced plans for a new $328 million, 470,000 square foot hospital campus […]

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The $73.25 million, 23-story, 325,000 square foot River Tower at Trinity Terrace in Fort Worth, Texas, is the largest of four independent living projects Pacific Retirement Services plans to develop or expand on its CCRC campuses this year.
Rendering courtesy of Pacific Retirement Services

Post-Acute & Senior Living: Activity picking up in CCRC space

New, expanded and renovated communities suggest market might be rebounding By Murray W. Wolf The continuing care retirement community (CCRC) was one of the hardest hit healthcare real estate (HRE) product types during and after the housing crash, financial crisis and Great Recession. Many seniors wanted to move to CCRCs at that time but were […]

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REIT Report: Healthcare REITs outperforming S&P

REIT Report: Healthcare REITs outperforming S&P

The sector has delivered a total return of 18.7% compared with 5% for the 500 By Murray W. Wolf Last year was poor one for healthcare real estate investment trusts (REITs) as total returns declined 7 percent while the S&P 500 Total Returns Index soared 32 percent. Ouch. However, things have been quite a bit […]

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2014 HREI Resource Guide

2014 HREI Resource Guide

Please click on one of the options below to access the 2014 HREI Resource Guide™ sights in your preferred format: PDF (“snapshots” of entire publication or selected articles) Website (individual articles) Digital flipbook (COMING SOON!)     Healthcare Real Estate Professional Services Directory Please select a category: Acquisitions Asset Management Brokerage (Sales & Leasing) Construction Design […]

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News Release: New Stage Equity Acquisition – Columbus, OH

Stage Equity Partners Continues Expansion into Columbus, OH Medical Real Estate Market with New Purchase in Pickerington, Ohio. CHICAGO (July 23, 2014) – Chicago-based healthcare real estate investment firm Stage Equity Partners, LLC has finalized the acquisition of a Class A medical office building in the Columbus, OH suburb of Pickerington, announced Principals Brian Howard […]

News Release: CNL Healthcare Properties Broadens Portfolio with Nine Senior Housing Communities

Company invests more than $225 million in properties in Texas and Illinois CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, has completed the acquisition of a portfolio of seven senior housing communities in Texas and one in Illinois for approximately $187.2 million with potential adjustments related to […]

News Release: HOK Vice President Ian Sinnett Receives ACHA Board Certification

News Release: HOK Vice President Ian Sinnett Receives ACHA Board Certification

DALLAS – The American College of Healthcare Architects (ACHA) has announced that Ian C. Sinnett, AIA, ACHA, LEED AP, vice president/regional leader of healthcare for HOK, has earned his Board Certificate in healthcare architecture. Sinnett recently passed an accreditation examination, which assesses the knowledge and understanding of architects who practice as healthcare specialists. He joins […]

News Release: adhesive.co, Online Advertising Co-Op, Is Latest Progressive, Innovative Company to Sign Lease at SkySong 3

Group to Lease Almost 6,200 Square Feet in Newest SkySong Office Building SCOTTSDALE, Arizona (July 22, 2014) — An advertising innovator changing the way companies advertise online will set up shop at SkySong 3 early next year. The company, adhesive.co, is relocating from east Indian School Road and will begin its five-year lease at SkySong […]

News Release: Holladay negotiates 4,000 SF lease for the Park at Golf Mill

Holladay Properties is pleased to announce a new 4,000 square foot lease with North Suburban Physicians Group in Niles, Ill. at the Park at Golf Mill, a senior living community located at 8965 West Golf Road. Holladay Properties provided leasing services for the 4,000 square foot commercial component of the community. North Suburban Physicians Group […]

News Release: JLL Acquires Healthcare Project Management Leader CLEO Construction Management

Acquisition meets growing needs of healthcare facilities with expanded, specialized real estate services in West CHICAGO and LOS ANGELES, July 14, 2014 —As owners of healthcare facilities increasingly pursue expansions and renovations to meet the growth demands of their patient communities, JLL (NYSE: JLL) is expanding its healthcare focused real estate services by acquiring CLEO […]

News Release: The Sanders Trust Commences Construction on $16 Million Inpatient Rehabilitation Hospital in Arlington, TX

News Release: The Sanders Trust Commences Construction on $16 Million Inpatient Rehabilitation Hospital in Arlington, TX

BIRMINGHAM, Ala. – The Sanders Trust (TST) announced today that it has commenced construction on a new $16 million, 40-bed inpatient rehabilitation hospital in Arlington, Texas. Construction of the roughly 48,000-square-foot Texas Rehabilitation Hospital is expected to be completed in June of 2015. The hospital will serve patients who require rehabilitation following a stroke, traumatic […]

News Release: Flagship Healthcare Real Estate Fund Acquires Medical Office Building in Dunn, NC

News Release: Flagship Healthcare Real Estate Fund Acquires Medical Office Building in Dunn, NC

Charlotte, NC (July 15, 2014) – Flagship Healthcare Real Estate Fund has acquired Harnett Health Medical Park, an 18,623 square-foot medical office building located at 803 Tilghman Drive in Dunn, North Carolina. This is the eighth investment for the Flagship Healthcare Real Estate Fund, a private equity real estate fund affiliated with Charlotte, NC-based Brackett […]

News Release: HCP Inc. Taps Transwestern to Lease 100,000 SF Medical Office Development in Pearland, Texas

News Release: HCP Inc. Taps Transwestern to Lease 100,000 SF Medical Office Development in Pearland, Texas

35 Percent Preleased Development Slated for Completion in First-Quarter 2015 (JULY 15, 2014 – HOUSTON) – Transwestern’s Houston headquarters today announces it has been awarded the leasing assignment by HCP Inc. [NYSE: HCP] for a 100,000-square-foot, medical office development on the Memorial Hermann Pearland Medical Center campus. Construction began on June 30, 2014 on the […]

For Sale: Rare Deleware County Retail/Medical/Office Investment Opportunity

For Sale: Rare Deleware County Retail/Medical/Office Investment Opportunity

Springfield Plaza – 905 W Sproul Road/130 S State Road, Springfield, PA 19064 The Offering CBRE, Inc. has been retained by Ownership as the exclusive marketing advisor for the disposition of Springfield Plaza, a 33,383 SF mixed-use Retail/Medical/Office building located at 905 W Sproul Road/130 S State Road in Springfield, Delaware County, PA (“the Property”). […]

For Sale: Strategically Located Medical Office Portfolio: Nashville, TN

For Sale: Strategically Located Medical Office Portfolio: Nashville, TN

Nashville Medical Office Portfolio – 131 French Landing Drive, Nashville, TN 37228 – 200 Gleaves Street, Nashville, TN 37115 The Offering CBRE, Inc. is pleased to offer the Nashville Medical Office portfolio for purchase as a multi-tenant medical office portfolio investment opportunity that is 93.74% occupied by strong regional medical tenants. The portfolio consists of […]

News Release: Gilbane Building Company Wins Engineering News Record’s 2014 Contractor of the Year Award for the Tri-State Area

Top Industry Publication Recognizes Gilbane as a Stand Out Among Contractors in New York, New Jersey and Connecticut New York, NY – July 14, 2014 – Gilbane Building Company today announced the company has been named“2014 Contractor of the Year” by Engineering News-Record (ENR) New York, a leading publication for the engineering and construction industry. […]

News Release: Avison Young negotiates sale of Sudley Manor House in Manassas, VA

Strong investor demand drives pricing beyond seller’s expectations Washington, DC – Keith Lipton, Avison Young Principal and Managing Director of the company’s Washington, DC office, announce today the sale of Sudley Manor House, a 78-bed assisted living and memory care community located at 7750 Garner Drive in Manassas, Virginia. The $14.1-million sale is the second […]

For Sale: Value-add - Owner-User Medical Office Opportunity - Mesa, AZ

For Sale: Value-add – Owner-User Medical Office Opportunity – Mesa, AZ

Sandstone East 2626 East University Drive Mesa, Arizona 85213 The Offering Sandstone East is a ±11,308 square foot medical office building located just west of the intersection of Lindsay Road and University Drive in the densely populated city of Mesa, Arizona. The Property, formerly occupied by a physical therapy company and medical general practitioner, is […]

For Sale: 100% Occupied Henry Ford (S&P A-/Stable) Medical Office Buildings

For Sale: 100% Occupied Henry Ford (S&P A-/Stable) Medical Office Buildings

Excellent Investment Opportunity! Henry Ford Hospital Medical Office Buildings – 3323-3333 Biddle Avenue, Wyandotte, Michigan 48192 Bill O’Connor and David Hesano of the CBRE Investment Properties Group, are pleased to present the following exclusive listing: Investment Offering: Price: $2,727,500 CAP Rate: 8.00% Square Feet: 16,500 Investment Highlights: Stabilized Asset, Currently 100% Occupied with 82% Occupied by Henry […]