Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2017 HREI Resource Guide

Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2017 HREI Resource Guide

Reach 5,000+ Hospital and Health System Real Estate Decision Makers with the 2017 HREI Resource Guide™ Since 2008, hospital and healthcare executives have turned to the HREI Resource Guide™ when they have needed healthcare real estate services. Don’t miss this once-a-year opportunity to keep your firm top of mind with these qualified prospects    both in […]

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Current Edition: December 2016

Current Edition: December 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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Community Health Systems (CHS) Inc. announced Dec. 22 that it sold 10 medical office buildings to HCP Inc. for $163 million. That transaction was part of an ongoing effort by CHS to reduce debt and divest itself of smaller, rural hospitals, such as Merit Health Gilmore Memorial (above) in Amory, Miss., one of four hospitals it said in September 2016 that it had agreed to sell. (Photo courtesy of Merit Health)

Transactions: HCP Inc. acquires 10 MOBs from CHS

REIT pays $163 million in sale-leaseback deal as provider seeks to reduce debt By Murray W. Wolf On Dec. 22, 2016, just as this edition of Healthcare Real Estate Insights™ was going to press, Community Health Systems Inc. (NYSE: CYH) announced one of the year’s largest medical office building (MOBs) monetizations. The Franklin, Tenn.-based, for-profit […]

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Publicly traded HCP recently acquired the Kingwood Medical Arts building outside of Houston from Origin Investments, which had purchased the building out of bankruptcy in 2012. (Photo courtesy of Transwestern)

Transactions: Value-add MOB nets a nice profit

Transwestern handles sale to HCP as Origin Investments reaps a healthy return By John B. Mugford In what can be considered a classic value-add success story in the healthcare real estate (HRE) acquisitions market, Chicago-based Origin Investments recently sold a medical office building (MOB) in Kingwood, in the northern suburbs of Houston, for a solid […]

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The 104,000 square foot Triad Medical Center is planned for a site adjacent to a large outpatient campus as well as a growing live-work community in Alpharetta, Ga. (Rendering courtesy of Triad Properties)

Outpatient Projects: Triad plans new MOB in Atlanta area

Project is proposed near medical campus in growing Alpharetta, Ga., community By John B. Mugford If there was a hot site to develop a new medical office building (MOB) in Alpharetta, Ga., a growing community about 25 miles north of Atlanta, it would undoubtedly be near: ■ Avalon, a still-emerging 86-acre live-work community; ■ the […]

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Work is underway on a 197-bed behavioral health hospital in Erlanger, Ky., in the suburbs of Cincinnati. Like in many areas throughout the country, demand is strong in northern Kentucky for such facilities. (Rendering courtesy of St. Elizabeth Healthcare)

Inpatient Projects: Behavioral facility set near Cincy

With demand growing in northern Kentucky, local, national group working on facility By John B. Mugford While many healthcare industry observers believe that the number of general inpatient hospital beds will continue to fall in the years to come, they note that demand for behavioral medical services, as well as the number of beds needed […]

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The National Investment Center for Seniors Housing & Care (NIC), which tracks occupancy rates and other metrics for senior housing, says that the average third quarter occupancy rate of 89.8 percent equaled its three-year average rate. (Chart courtesy of NIC)

Post-Acute & Senior Living: Occupancy not so bad after all

NIC says senior housing sector looks to have stabilized, for now, despite fears By John B. Mugford Despite concerns about overbuilding and low occupancies, the senior housing market looks to be holding up rather well, especially the independent living sector, according to third quarter (Q3) 2016 data from Bethesda, Md.-based National Investment Center for Seniors […]

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Industry Pulse: Interest rate increases not seen as likely to have a big impact on HRE

Industry Pulse: Interest rate increases not seen as likely to have a big impact on HRE

Healthcare real estate sources say that slightly higher capital costs will probably do little to cool the market The Federal Reserve began cutting interest rates in September 2007 in growing recognition of the magnitude of the financial crisis. Rates were gradually reduced to historically low levels. The federal funds rate hit an unprecedented 0.25 percent […]

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The 72,022 square foot Medical Arts Center at The Hartford Healthcare Cancer Institute. (Photo courtesy of HFF)

News Release: HFF closes $30.25 million sale of medical office building at Cancer Center in suburban Hartford, Connecticut

PHILADELPHIA, PA – January 18, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $30.25 million sale of the 72,022-square-foot Medical Arts Center at The Hartford Healthcare Cancer Institute. HFF marketed the property exclusively on behalf of the seller, Tomasso Group, and procured the buyer, a publicly-traded medical office REIT.  […]

5323 Woodrow St., Murray, Utah (Photo courtesy of Utah Orthopaedic Specialists)

Transactions: Salt Lake City MOB portfolio sells for $12.6 million

  Newmark Grubb Knight Frank (NGKF) Global Healthcare Services announced Jan. 18, 2017, that it handled the recent $12.6 million sale of the two-building, 47,468 square foot Mountain Medical Portfolio in the Salt Lake City area. The deal closed Dec. 23, 2016. The specific properties and the buyer and seller were not disclosed. But Healthcare Real Estate […]

The new Froedtert & the Medical College of Wisconsin Drexel Town Square Health Center. (Rendering courtesy of HSA PrimeCare)

News Release: Drexel Town Square Health Center Developed by HSA PrimeCare to Offer Full Spectrum of Services, Add Jobs

The new Froedtert & the Medical College of Wisconsin Drexel Town Square Health Center developed by HSA PrimeCare will bring an unprecedented level of healthcare services as well as nearly 150 new jobs to Oak Creek and surrounding communities. Slated to open next fall, the 109,000-square-foot health center will offer a complete spectrum of services […]

Rich Couturier

News Release: Ryan Companies Opens Dallas/Fort Worth Office

Names Rich Couturier as Vice President of Development, expanding healthcare market Dallas, TX (January 17, 2017) — Ryan Companies US, has extended its presence in the South Central Region and added a Dallas/Fort Worth office naming Rich Couturier as Vice President of Development.  Couturier brings more than 20 years of development and construction experience to […]

Wawecus Medical Center and 105 Wawecus St., Norwich, Conn. (Photo courtesy of Jacobson Properties)

News Release: JUST CLOSED: Class A Medical Office Portfolio

Norwich, CT – Lisa Menin of Jacobson Properties, New York, and John LaBella of RE/MAX Right Choice, Trumbull, Connecticut are pleased to announce the sale of Wawecus Medical Center and 105 Wawecus Street in Norwich, Connecticut. The Class A medical office portfolio, which totals 56,265 square feet, was purchased by Griffin-American Healthcare REIT III, Inc., […]

Wendie Newman

News Release: Wendie Newman Joins American Healthcare Investors as EVP of Asset Management

Former Ventas Affiliate Executive Joins One of the Nation’s Largest Managers of Healthcare Real Estate IRVINE, Calif. (Jan. 12, 2017) – American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, announced today that Wendie Newman has joined the company as executive vice president, asset management.  […]

Devereaux Gregg

News Release: Flagship Healthcare Properties names Devereaux Gregg as Senior Vice President of Development

For Immediate Release Charlotte, NC – January 11, 2017 –  Flagship Healthcare Properties, LLC is pleased to announce that Devereaux “Dev” Gregg has joined the firm as Senior Vice President of Development, effective January 9, 2017. Dev will lead the development department in maximizing the performance and value of our development service line, while formulating […]

Cullman Professional Office Building III at 1912 Alabama Highway 157 Road in Cullman, Ala.

News Release: Seavest Healthcare Properties completes sale of Alabama medical office building

FOR IMMEDIATE RELEASE   Media Contact: Erin A. Molloy, Seavest Healthcare Properties, emolloy@seavestinc.com, (914) 683-8474 The real estate investment firm closed on the disposition of the 52,118 square foot on-campus Cullman Professional Office Building III WHITE PLAINS, N.Y., and CULLMAN, Ala., Jan. 11, 2017 – Seavest Healthcare Properties recently closed on the sale of Cullman Professional […]

Originally constructed in 1991 and renovated in 2005, the property is located at 208 McFarland Circle N. in Tuscaloosa, Ala. (Photo courtesy of The Radiology Clinic)

News Release: Inland Real Estate Acquisitions, Inc. Purchases Medical Office Building in Tuscaloosa, Alabama

Oak Brook, Ill. (January 10, 2017) – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of The Radiology Clinic, a 39,500-square-foot medical office building located in Tuscaloosa, Alabama. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction on behalf of an Inland affiliate. Originally constructed in […]

Colony NorthStar says it has significant experience structuring, acquiring and managing investments in net lease healthcare real estate. It is primarily focused on independent living, assisted living and skilled nursing facilities. (Photo courtesy of Colony NorthStar)

News Release: Colony Capital, NorthStar Asset Management Group and NorthStar Realty Finance Complete Merger

Colony Capital, NorthStar Asset Management Group and NorthStar Realty Finance Complete Largest RE Merger of 2016, to Create Colony NorthStar, Inc Colony Capital, NorthStar Asset Management Group and NorthStar Realty Finance have Completed the Previously Announced Largest Real Estate Merger of 2016 to Create Colony NorthStar, Inc. A Global, Diversified Real Estate and Investment Management […]

Brian Spoerl

News Release: The Opus Group® Announces Appointment of Brian Spoerl as Director, Healthcare Real Estate Development

  Minneapolis (Jan. 10, 2017) – The Opus Group (Opus) announced today that Brian Spoerl has joined Opus Development Company, L.L.C. as director, healthcare real estate development. In his new role, Brian will be responsible for sourcing new development and acquisition opportunities for Opus Healthcare® across the country. “Brian’s deep relationships and experience in healthcare […]

News Release: Healthcare Executives Expect M&A, New Segments to Drive 2017 Growth, Capital One Survey Finds

News Release: Healthcare Executives Expect M&A, New Segments to Drive 2017 Growth, Capital One Survey Finds

FOR IMMEDIATE RELEASE Despite challenges, industry optimism remains high Bethesda, Md. (January 10, 2017) – Capital One’s annual survey of healthcare leaders has found that merger and acquisition activity is once again expected to be the industry’s preferred growth strategy in the year ahead.  However, nearly one in three executives (31 percent) plan to drive […]

News Release: Brackett Flagship Properties Becomes Flagship Healthcare Properties

News Release: Brackett Flagship Properties Becomes Flagship Healthcare Properties

Brackett Flagship Properties becomes Flagship Healthcare Properties Charlotte, NC – January 4, 2017 – Flagship Healthcare Properties, LLC, a fully integrated commercial real estate firm, announced today that Brackett Flagship Properties, LLC has officially changed its name to Flagship Healthcare Properties, LLC. Flagship Healthcare Properties (FHP) has undergone an extensive rebranding effort and today unveiled […]

Tom Herzog

News Release: HCP Announces Elections of Tom Herzog as CEO; Justin Hutchens as President

News Release Issued: Jan 3, 2017 (5:07pm EST) HCP Announces Elections of Tom Herzog as CEO and as a Member of the Board and Justin Hutchens as President IRVINE, Calif., Jan. 3, 2017 /PRNewswire/ — HCP (NYSE:HCP) (“HCP” or the “Company”) announced that on December 30, 2016, its Board of Directors elected Tom Herzog as Chief Executive […]

Thomas DeRosa (Photo courtesy of Welltower Inc.)

News Release: Welltower Extends CEO Contract and Announces New Organization Structure

Welltower Extends CEO Contract and Announces New Organization Structure to Optimize and Grow its Premier Healthcare Real Estate Portfolio 1/3/2017 4:48:46 PM TOLEDO, Ohio–(BUSINESS WIRE)–Jan. 3, 2017– Welltower Inc. (NYSE:HCN) today announced that the Board of Directors has extended the tenure of Chief Executive Officer Thomas J. DeRosa, who has successfully led the company since […]