Current Edition: April 2016

Current Edition: April 2016

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)     2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is only available to paid subscribers. […]

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As part of its $692 million portfolio acquisition from Catholic Health Initiatives (CHI), Physicians Realty Trust acquired CHI Medical Building One (left), which is connected to the 121-bed building CHI Health Midlands Hospital (right) in Papillion, Neb.
Photo courtesy of CBRE Group Inc.

Cover Story: Biggest deal ever

Physicians Realty Trust pays $692 million for 52 MOBs, 3.16 million square feet By John B. Mugford This is the type of deal healthcare real estate (HRE) professionals have been hoping for and perhaps anticipating for some time: a major health system selling a large number of its ancillary facilities in order to deploy a […]

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Bethesda, Md.-based Global Medical REIT recently acquired the five-story, 75,899 square foot Marina Towers medical building in Melbourne, Fla., which is anchored by First Choice offices and a medical center. Photo courtesy of First Choice Healthcare Solutions

Transactions: Global Medical REIT making inroads

Founded in 2014, HRE buyer is focused on American and international markets By John B. Mugford A relative newcomer to the healthcare real estate (HRE) space – a publicly traded real estate investment trust (REIT) that says it looks to acquire “healthcare providers’ core real estate assets worldwide” – recently made another purchase in the […]

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Duke Realty is developing and will own the 80,000 square foot Centegra Health Medical Office Building (MOB) in Huntley, Ill. The facility, slated for completion in February 2017, is being built on the campus of Centegra Health’s new campus in the city. Rendering courtesy of Duke Realty

Outpatient Projects: Duke starts MOB on new Ill. campus

REIT’s 80,000 square foot facility sees strong demand in growing Huntley By John B. Mugford In a Q&A with Healthcare Real Estate Insights™ in late 2015, Duke Realty’s Keith Konkoli, who leads the large healthcare division, said the company’s pipeline of projects was “as strong as (it’s) ever been.” The full content of this article […]

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Inpatient Projects: Memorial Hospital in York, Pa., plans to break ground on $120 million replacement

Inpatient Projects: Memorial Hospital in York, Pa., plans to break ground on $120 million replacement

WEST MANCHESTER TOWNSHIP, Pa. – Memorial Hospital in York, Pa., says it plans to move forward with plans for a new $120 million replacement hospital campus in nearby West Manchester Township. The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please […]

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Industry Pulse: Top Developer List Harder to Come By

Industry Pulse: Top Developer List Harder to Come By

Have you seen the new rankings? Neither have we. Most healthcare real estate (HRE) professionals probably subscribe to Modern Healthcare magazine. We do. There isn’t much real estate coverage, but the weekly magazine helps us to stay abreast of the major trends in the healthcare industry. The full content of this article is only available […]

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The 2016 NIC Spring Investment Forum March 9-11 in Dallas attracted more than 1,500 post-acute and senior living professionals – a new record for attendance.  Photo courtesy of NIC

Post-Acute & Senior Living: ‘It’s a time of profound change’

2016 NIC Spring Investment Forum spotlights shifting healthcare model By Murray W. Wolf The predominant theme was “change” as more than 1,500 post-acute and senior living professionals gathered March 9-11 in Dallas for the 2016 NIC Spring Investment Forum, presented by the National Investment Center for Seniors Housing & Care (NIC). The full content of […]

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Mark Toothacre of Pacific Medical Buildings listens to the discussion during the Healthcare Real Estate InsightsTM Editorial Advisory Board meeting in November 2015.  HREI™ photo

Companies & People: 5 Questions for Mark Toothacre

The Pacific Medical Buildings president talks about adapting in the new era By John B. Mugford Long before medical office buildings (MOBs) became a “cool” or trendy investment, there was Pacific Medical Buildings, a West Coast-based developer, owner and manager of outpatient healthcare facilities. The full content of this article is only available to paid […]

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2016 HREI Resource Guide

2016 HREI Resource Guide

Please click on one of the options below to access the 2016 HREI Resource Guide™ sights in your preferred format: PDF (“snapshots” of entire publication or selected articles) Website (individual articles) The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click […]

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When the First Hill Medical Pavilion in Seattle was put on the market in 2015, one of the brokers, Chris Bodnar of CBRE, predicted plenty of demand. He was right, as the building recently sold for a record price of $884 per square foot. Photo courtesy of NexCore Group

Transactions: MOB sets PSF price record in Seattle

Heitman, NexCore JV acquires First Hill Medical Pavilion for $884 per square foot By John B. Mugford Leave it to healthcare real estate (HRE), which has been on a record-setting ride when it comes to facility sales in recent years, to generate the highest price per square foot (PSF) ever paid for a commercial office […]

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Duke Realty is in the process of starting work on this project in Oxford, Miss. The 78,000 square foot Baptist Oxford Medical Office Building will be on the campus of the future $300 million replacement for Baptist Memorial Hospital-North Mississippi. Rendering courtesy of Duke Realty

Outpatient Projects: Duke starts MOB in Oxford, Miss.

78,000 square foot facility slated for replacement campus in a growing market By John B. Mugford Population growth coupled with a lack of medical office space is driving a new outpatient project at a future replacement hospital campus in Oxford, Miss., about 80 miles south of Memphis, Tenn.  The full content of this article is […]

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Here’s a look at one of the four smaller, neighborhood hospitals planned for the Las Vegas metropolitan area by Dignity Health and Emerus. The facility shown is the future Sahara campus. Rendering courtesy of Dignity Health Nevada

Inpatient Projects: Four small hospitals coming to Vegas

Neighborhood hospitals will have eight beds and emphasize emergency care By John B. Mugford Even though the new healthcare delivery model puts less of an impact on providing inpatient care, a pair of healthcare providers are teaming up to bring four new hospitals to growing areas of Greater Las Vegas that are in need of […]

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April 2016 PDF

To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives: The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click […]

Cover Story: DocREIT was in buying mode in Q1, increasing its guidance for 2016

MILWAUKEE – Even though officials with Physicians Realty Trust say they are being careful about not making too many MOB acquisitions, they continue to see buying opportunities that, at least some of which, they believe are in the best interests of the company to complete. The full content of this article is only available to […]

Transactions: Hammes Partners II makes a pair of separate buys for a total of $48.9M

BROOKFIELD, Wis. – Brookfield, Wis.-based Hammes Co.’s second healthcare real estate fund, Hammes Partners II, recently made a couple of separate acquisitions of more than $20 million apiece. The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE […]

The two-story, 62,297 square foot FMH Crestwood medical office building in Frederick, Md., is 100 percent occupied by the area’s dominant hospital, Frederick Memorial. The property is being marketed by JLL’s Healthcare Capital Markets team. Photo courtesy of JLL

Hot Property: MOB houses this market’s leader

Facility is fully occupied by Maryland county’s only hospital, Frederick Memorial Name: FMH Crestwood Address: 7211 Bank Court City: Frederick, Md. Total leasable square feet: 62,297 Number of floors: 2 Number of tenants: 1 Occupancy: 100% Year built: 2010 Lease terms: 10, 14 years Lot size: 5.16 acres Parking ratio: 5/1,000 square feet Seller: Original […]

Transactions: Montecito Medical acquires MOB in Kingston, Tenn., in a $55.9 million sale-leaseback

KINGSPORT, Tenn. – Brentwood, Tenn.-based Montecito Medical recently acquired a large, fully occupied MOB in Kingsport, in the far northeastern part of the state, in a sale-leaseback transaction. The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE […]

Transactions: More Healthcare Real Estate Transaction News

HSA PrimeCare, the healthcare real estate division of Chicago-based HSA Commercial Real Estate, recently acquired Elizabeth Park South Medical Center, a 42,040 square foot MOB at 70th Street and Pioneers Boulevard in Lincoln, Neb. HSA did not disclose the price, but county records indicate that it was about $8.8 million. The facility is occupied by […]

Transactions: Harrison Street acquires Chicago MOB for $31.4M from MedProperties Group

CHICAGO – Harrison Street Real Estate Capital LLC has been quite busy lately, as it recently completed the $1.9 billion acquisition of Campus Crest Communities Inc. (NYSE: CCG). The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE […]

Transactions: HFF brokers sale of MOB near New Orleans; closes others as well

GRETNA, La. – The Feil Organization, an investment, development and management firm based in New York City, recently acquired the Meadowcrest Professional Building on the campus of the 180-bed Ochsner Medical Center – West Bank Campus in Gretna, La. The full content of this article is only available to paid subscribers. If you are an […]

Outpatient Projects: Former Lockheed Martin office building to be converted to medical use in Cherry Hill, N.J.

Outpatient Projects: Former Lockheed Martin office building to be converted to medical use in Cherry Hill, N.J.

CHERRY HILL, N.J – Camden, N.J.-based Cooper University Health Care recently announced plans to repurpose a former office building into an outpatient medical facility in Cherry Hill, a suburb of Philadelphia. The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please […]

Outpatient Projects: New York developer plans to add medical space as part of redevelopment in Queens

Outpatient Projects: New York developer plans to add medical space as part of redevelopment in Queens

QUEENS, N.Y. – New York-based RJ Capital Holdings has plans for medical office space to be a component of a redevelopment project it’s planning in Queens. The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE Existing Users […]

Outpatient Projects: Healthcare developer Irgens moving forward on MOB at restaurant site in Brookfield, Wis.

Outpatient Projects: Healthcare developer Irgens moving forward on MOB at restaurant site in Brookfield, Wis.

BROOKFIELD, Wis. – Milwaukee-based Irgens is developing a one-story, 23,600 square foot MOB in Brookfield, outside of Milwaukee, and will have Froedtert & the Medical College of Wisconsin as the anchor tenant. The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, […]

Outpatient Projects: Construction underway on $30 million outpatient center for Sutter Health in Tracy, Calif.

Outpatient Projects: Construction underway on $30 million outpatient center for Sutter Health in Tracy, Calif.

TRACY, Calif. – In a move to consolidate services from three locations, Sacramento, Calif.-based Sutter Gould Medical Foundation recently broke ground on a $30 million outpatient facility in Tracy, about an hour east of Oakland, Calif. The full content of this article is only available to paid subscribers. If you are an active subscriber, please […]

Outpatient Projects: Anchor Health Properties looks to build MOB in Palmer Township, Pa., in the Lehigh Valley area

Outpatient Projects: Anchor Health Properties looks to build MOB in Palmer Township, Pa., in the Lehigh Valley area

PALMER TOWNSHIP, Pa. – According to local news reports, Wilmington, Del.-based Anchor Health Properties, a longtime developer of medical facilities, recently proposed a two-story, 57,000 square foot MOB complex in Palmer Township, which is in the heart of the Lehigh Valley about 75 miles north of Philadelphia and 15 miles east of Allentown. The full […]

Outpatient Projects: Westchester, N.Y., system plans $230 million, 279,861 ambulatory care pavilion

Outpatient Projects: Westchester, N.Y., system plans $230 million, 279,861 ambulatory care pavilion

VALHALLA, N.Y. — The largest healthcare project in Westchester County, N.Y., since 1977 is set to begin in June. The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE Existing Users Log InUsernamePassword Remember Me  Forgot password? Click here to resetNew […]

Inpatient Projects: Memorial Hermann Katy Hospital opens the tallest n tilt-wall hospital structure in the country

Inpatient Projects: Memorial Hermann Katy Hospital opens the tallest n tilt-wall hospital structure in the country

KATY, Texas – Memorial Hermann Katy Hospital, part of Houston-based Memorial Hermann Health System, recently opened a new 232,700 square foot patient bed tower that is believed to be the tallest hospital structure in the country to use tilt-wall construction. The full content of this article is only available to paid subscribers. If you are […]