Current Edition: October 2014

Current Edition: October 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: Who are the largest owners of healthcare real estate?

Cover Story: Who are the largest owners of healthcare real estate?

Revista has compiled a list of the top 50, and the answers might surprise you By John B. Mugford Who are the largest individual owners of healthcare real estate (HRE) assets in the United States? As you pondered the question, the first organizations that popped into your mind might have been the largest publicly traded […]

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Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2015 HREI Resource Guide

Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2015 HREI Resource Guide

Reach 7,500+ Hospital and Health System Real Estate Decision Makers with the 2015 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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The Frederickson Outpatient Center, a 69,437 square foot on-campus facility in Mechanicsburg, Pa., is part of ARC Healthcare Trust II’s recent and ongoing purchase from PinnacleHealth.
(Photo courtesy of H2C)

Cover Story: ARC II lands big deal from Pa. system

Non-traded REIT paying $174.1 million for eight-building PinnacleHealth portfolio By John B. Mugford As health systems continue to face financial pressures and myriad other demands in the era of healthcare reform, many real estate professionals expect at least some of them to tap the capital locked into their property holdings. It’s not that the leading […]

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The Spivey Station outpatient center in Jonesboro, Ga., is part of a nine-property, 13-building, 907,291 square feet, portfolio that CNL Healthcare Trust has agreed to purchase from Atlanta-based Meadows & Ohly for $238 million
(Photo courtesy of CDH Partners Inc.)

Transactions: CNL to land portfolio for $238 million

REIT agrees to buy 13 MOBs from pioneering MOB developer Meadows & Ohly By John B. Mugford One of the Southeast’s most prolific medical office building (MOB) developers during the past four decades will soon cash in on the market’s historically high pricing. Atlanta-based Meadows & Ohly LLC, which has developed more than 60 MOBs […]

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News Release: CBRE GROUP, INC. HEALTHCARE PRACTICE ACHIEVES STRONG GROWTH IN 2014

Los Angeles, CA – December 18, 2014—CBRE Group, Inc. (NYSE:CBG) today announced that its healthcare specialty group achieved strong growth in 2014, with 14 long-term contracts signed this year, including six with new clients. Leading healthcare organizations that selected CBRE to provide long-term real estate services for their portfolios included Bon Secours Health System and […]

News Release: Destination Medical Center Hits Milestone

Destination Medical Center (DMC) Draft Development Plan Presented to DMCC Board ROCHESTER, Minn. (December 17, 2014) – The Destination Medical Center (DMC) initiative reached a major milestone today with the submittal of the draft Development Plan to the Destination Medical Center Corporation (DMCC) Board. The draft Plan outlines private and public investments and strategies to […]

News Release: HFF closes sale of and arranges acquisition financing for Class A office and medical office campus in San Diego’s University Town Center

News Release: HFF closes sale of and arranges acquisition financing for Class A office and medical office campus in San Diego’s University Town Center

SAN DIEGO, CA – HFF announced today that it has closed the sale of and arranged acquisition financing for Genesee Plaza, a 161,184-square-foot, multi-tenant office and medical office campus located in San Diego’s “strongest institutional submarket”, University Town Center. HFF marketed the property on behalf of the seller, DivcoWest.  Polidev Investments, Inc. purchased the complex […]

News Release: HFF expands national healthcare practice with addition of managing director Evan Kovac

News Release: HFF expands national healthcare practice with addition of managing director Evan Kovac

SAN DIEGO, CA – HFF announced today that Evan Kovac has joined the firm as a managing director in its San Diego office.  Mr. Kovac will be a member of HFF’s national healthcare practice and will focus on medical office building and healthcare capital markets and investment sale transactions throughout the United States. Mr. Kovac […]

For Sale: SINGLE TENANT MEDICAL | $610,000 | 8.23% CAP│Indiana

For Sale: SINGLE TENANT MEDICAL | $610,000 | 8.23% CAP│Indiana

Building Size: ±5,274 SF Price: $610,000 Cap Rate: 8.23% INVESTMENT HIGHLIGHTS •Attractive single tenant medical building located one-half mile west of Marion General Hospital •Located at the signalized northeast corner of Baldwin and Spencer Avenues •Tenant pays replaceable rent of $10.30/SF •Rents increase based on CPI adjustment in each of three three-year renewal periods •Tenant […]

News Release: Anchor Health Properties’ Heart and Vascular Institute Reopens After Year-Long Expansion

The 39,000 sq.ft. facility reopened November 24, 2014 in Edgewood, KY Anchor Health Properties, a full-service development company focused exclusively on medical facilities, has announced that the Heart and Vascular Institute (“The Institute”) and the Patient Entrance at St. Elizabeth Healthcare in Edgewood, KY, reopened to the public on November 24, 2014, after a year-long […]

For Sale: RALEIGH, NC | 100% OCCUPIED "CLASS A" MEDICAL/PROFESSIONAL OFFICE BUILDING | REX HOSPITAL AREA, WEST RALEIGH SUBMARKET

For Sale: RALEIGH, NC | 100% OCCUPIED “CLASS A” MEDICAL/PROFESSIONAL OFFICE BUILDING | REX HOSPITAL AREA, WEST RALEIGH SUBMARKET

CBRE is pleased to exclusively offer investors the opportunity to purchase 2304 Wesvill Court, a 35,284 SF Class A 100% occupied medical and professional suburban office asset in Raleigh, North Carolina. 2304 Wesvill Court is centrally located just outside of the I-440 beltline in the premier West Raleigh office submarket, one of the most dynamic […]

Call For Offers: Thursday, December, 11th, 2014- Southern Illinois Center for Health - Waterloo, IL - Premier Medical Campus

Call For Offers: Thursday, December, 11th, 2014- Southern Illinois Center for Health – Waterloo, IL – Premier Medical Campus

Brown Gibbons Lang & Company | Real Estate Partners has been retained by ownership to offer qualified investors the exceptional opportunity to acquire Southern Illinois Center for Health (“SICH” or the “Campus”), Southern Illinois’ premier multi-disciplinary medical campus. The SICH medical campus is located in Waterloo, Illinois, which is approximately 25 miles southeast of St. […]

Arapahoe Medical Park Plaza II Medical Office Building (MOB),  7750 S. Broadway, Littleton, Colo.

News Release: Seavest to add radiation oncology center for Littleton Adventist Hospital

The project, located in an on-campus medical office building, will bring radiation oncology services to the community by the third quarter of 2015 WHITE PLAINS, N.Y., and LITTLETON, Colo., Dec. 10, 2014 – Seavest Healthcare Properties, LLC announced they have finalized a lease with Littleton Adventist Hospital (LAH) to build a full service outpatient cancer […]

CPMC Van Ness and Geary Campus Hospital and Sutter Van Ness Medical Office Building, San Francisco.

News Release: PMB selected to develop new MOB for Sutter Health’s California Pacific Medical Center

Pacific Medical Buildings to develop, own and manage 250,000 square foot medical office building connected to CPMC’s new acute care hospital in downtown San Francisco SAN FRANCISCO, Dec. 4, 2014 – Pacific Medical Buildings (PMB) is pleased to announce its selection by Sutter Health/CPMC to develop a $168 million, nine-story, 250,000 square foot medical office […]

Heartis Waco, which is scheduled to open in late 2015, will offer residents exceptional, personalized care and a wide variety of amenities including a bistro, Internet café and a large fitness center with access to an outdoor courtyard

News Release: Heartis senior community to be built in ‘Heart of Texas’

Healthcare real estate firm Caddis has started construction of a an 81-unit assisted living and memory care community in Waco, set to open in late 2015 WACO, Texas, Dec. 4, 2014 – It seems entirely appropriate that a senior community with the name Heartis should be built in Waco, which is known as the “Heart […]

The Fifth Third Bank Building (Eskenazi Health) in Indianapolis is one of four Duke Realty-developed healthcare facilities that HREI™ magazine recognized as Finalists in its annual national awards program.

News Release: Four Duke Realty healthcare projects named HREI Insights Awards™ Finalists

Healthcare Real Estate Insights™ magazine’s annual, national awards program honors medical facilities the firm developed in Florida, Indiana, New Jersey and Tennessee INDIANAPOLIS, Dec. 4, 2014 – Duke Realty-developed medical facilities have been honored as Finalists in four out of nine categories of Healthcare Real Estate Insights™ magazine’s annual, national awards program. The Indianapolis-based commercial […]

News Release: EwingCole Names Elizabeth Kulkarni Director of Business Development

News Release: EwingCole Names Elizabeth Kulkarni Director of Business Development

[Philadelphia | New York | Irvine]  EwingCole, one of the nation’s leading architecture, engineering, and interior design firms, named Elizabeth Kulkarni as a Director of Business Development. The veteran business development professional brings over 25 years of experience to her role providing strategic business development for the firm. “Elizabeth’s skills are an asset to cultivating […]

News Release: CNL Healthcare Properties acquires South Florida medical office building

REIT invests approximately $11.3 million in key property in Fort Lauderdale suburb (ORLANDO, Fla.) Dec. 2, 2014 – CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, has acquired the Northwest Medical Park building, a 45,565-square-foot, Class A, multitenant medical office building in Margate, Florida, a suburb of […]

News Release: H2C Advises on Fairmont General Hospital Sale to Alecto Healthcare

Hammond Hanlon Camp LLC Advises on the Sale of Fairmont General Hospital to Alecto Healthcare Services Sale transaction concluded through Chapter 11 bankruptcy process CHICAGO – On September 19, 2014, Fairmont General Hospital and Subsidiaries (“FGH” or the “Hospital”) completed the sale of its 140-bed hospital and affiliates to Alecto Healthcare Services, Inc. (“Alecto”).  Hammond […]