.
.
News Release: Welltower Expands Outpatient Platform Through Acquisition of Hammes and 4 Other Transactions Totaling $1.7 Billion
Welltower Expands Outpatient Medical Platform Through Acquisition of Hammes and 4 Other Transactions of Class-A Properties, Totaling $1.7 Billion 11/11/2019 4:20:00 PM EST TOLEDO, Ohio, Nov. 11, 2019 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that it has entered into a definitive agreement under which Welltower will acquire a 29-property Class-A medical office building portfolio from Hammes Partners (“Hammes”) for $787 million. Separately, Welltower announced […]
Full Story »
News Release: Welltower and Invesco Real Estate Announce $850 Million MOB JV
Welltower and Invesco Real Estate Announce $850 Million Medical Office Building Joint Venture 11/11/2019 4:15:00 PM EST TOLEDO, Ohio, Nov. 11, 2019 /PRNewswire/ — Welltower Inc. (NYSE: WELL) and Invesco Real Estate (“Invesco”), a global real estate investment manager, today announced an $850 million joint venture partnership comprising a portfolio of 35 medical office buildings spanning 2.6 million square feet. The portfolio was […]
Full Story »
Feature Story: Health systems are fighting back against disruptors
Executives talk strategy for taking on Amazon, other non-traditional providers By John B. Mugford Not too long ago, a hospital or health system could easily identify its main competitors: typically other hospitals, perhaps, or health systems, looking to enter its market or to fly their flag in unclaimed territory. As we all know, much has […]
Full Story »
Feature Story: Where do HRE opportunities lie in the next decade?
ASCs and ‘intermediate acuity services’ will lead growth, consultant Sg2 says By John B. Mugford Everyone knows about the troubles facing large health systems as they try to keep their hospitals up to date and vibrant while seeing the need to move as many low-acuity procedures and surgeries to outpatient facilities as possible – even […]
Full Story »
Feature Story: HRE gains steam as possible downturn nears
Healthcare real estate executives tout the property type during InterFace panel By John B. Mugford Professionals involved in owning, developing, leasing or financing medical office buildings (MOBs) often point to the Great Recession as an instigator for new investors to become interested in the property type. To be sure, the healthcare real estate (HRE) space […]
Full Story »
Feature Story: Kaiser remains the king of HRE ownership
Revista’s annual top 50 owners report shows UnitedHealth Group is on the rise ARNOLD, Md. – The old news is that the country’s largest owner of medical real estate, Oakland, Calif.-based Kaiser Permanente, remained the king of the property type in 2018. For the sixth consecutive year, Kaiser, a health insurer and provider with 8.6 […]
Full Story »
Cover Story: The catalyst of Catalyst
A focus on relationships enables Chad Henderson and his team to drive organic growth in the HRE space By Erin E. Porter In recent years, Pensacola, Fla.-based Catalyst Healthcare Real Estate has made its mark through a flurry of several notable transactions, including the $150 million acquisition of a 21-property healthcare real estate portfolio spanning […]
Full Story »
People: Steve Hewett says experience, focus, hard work and honesty remain the keys to success for The Sanders Trust
Pioneering HRE firm’s EVP and CIO explains how TST has adapted to a changing market By John B. Mugford BIRMINGHAM, Ala. – The current environment for investing in healthcare real estate (HRE) assets, including medical office buildings (MOBs), is not an easy one, especially for firms that have been in the business for a long […]
Full Story »
Cover Story: Montecito keeps finding MOBs to its liking
From calendars and posters to condo conversions to healthcare real estate, the entrepreneurial Conk clan continues to find success By John B. Mugford The four-year span from 2015-18 can generally be described as a Golden Age for medical office building (MOB) sales, as the product type became a mainstream real estate investment and saw annual […]
Full Story »
News Release: Recent GHS Sale Announcement (Surgery Center of Wasilla MOB, Wasilla, AK)
Newmark Knight Frank Global Healthcare Services RECENTLY SOLD Surgery Center of Wasilla Medical Office Building Wasilla, AK Total SF: 37,587 Selling Price: $16,370,215 Cap Rate: 7.1% Sale Date: 11/6/2019 Todd Perman, CCIM Vice Chairman Global Healthcare Services 404.806.2510 tperman@ngkf.com Dana Hamric Senior Managing Director Global Healthcare Services 404.806.2513 dhamric@ngkf.com Jonathan Kesler Associate Global Healthcare Services 404.806.2730 […]
News Release: Echo Development Group Acquires Medical Office Building in Topeka, KS
Echo Development Group, Inc. Acquires Class A Medical Office Building in Topeka, Kansas Chicago, IL (November 8, 2019) – Echo Development Group, Inc., in association with Quivet Neck HCRE, LLC, announces it has acquired a class A medical office building anchored by the University of Kansas Health System and Stormont Vail Health. The property is […]
News Release: Ryan Companies Builds Momentum With New Healthcare Lead
Allina Health Executive Mike McMahan Joins Ryan Companies Minneapolis, MN (November 11, 2019) Ryan Companies announced today they have named Mike McMahan their new Senior Vice President and Healthcare Leader. McMahan joins a growing group of healthcare real estate and facilities professionals at Ryan Companies and will lead a national group of specialists in […]
News Release: Kaiser Permanente mourns the loss of Bernard J. Tyson, Chairman and CEO
November 10, 2019 OAKLAND, Calif. — It is with profound sadness that we announce that Bernard J. Tyson, Chairman and CEO of Kaiser Permanente, unexpectedly passed away early Sunday morning in his sleep. On behalf of our Board of Directors, employees and physicians, we extend our deepest sympathies to Bernard’s family during this very difficult time. An outstanding […]
News Release: Skanska USA Celebrates Grand Opening of Inspira Medical Center Mullica Hill
New 465,000 square foot New Jersey hospital highlights increasing demand for innovative construction methods in healthcare delivery Philadelphia, PA – On November 8, Skanska USA, one of the world’s leading construction and development firms, celebrated the grand opening of Inspira Medical Center Mullica Hill in Mullica Hill, New Jersey. The new five-story, 465,000 square-foot inpatient […]
News Release: Atkins Companies Bolsters its Pittsburgh Portfolio with Acquisition of Medical Office Building
For Immediate Release West Mifflin, Pa. (November 7, 2019) – Atkins Companies, a multigenerational commercial real estate development, investment, and property management firm, announces the acquisition of a 26,174-square-foot medical office building located at 2027 Lebanon Church Road in West Mifflin, Pa. Fully leased by Allegheny Health Network, a subsidiary of Highmark Health Inc., 2027 […]
News Release: Just Closed – The Medical Pavilion, Fresno, Calif
JUST CLOSED THE MEDICAL PAVILION Fresno, CA Sale Date: 10/30/2019 Property Size: 32,941 SF Occupancy: 93% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of The Medical Pavilion (the “Property”), located in Fresno, California. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger and Sabrina Solomiany acted as the seller’s exclusive advisors. The Property totals […]
News Release: PMB breaks ground for new 55,000-square-foot St. Mary’s Medical Pavilion in Tucson, Ariz.
FOR IMMEDIATE RELEASE Officials at the San Diego-based healthcare real estate firm say the $19 million pavilion is already 60 percent pre-leased by Carondelet Medical Group and other healthcare practices TUCSON, Ariz., and SAN DIEGO, Nov. 6, 2019 – PMB, one of the nation’s leading real estate owners and developers across the continuum of care, […]
News Release: JLL closes $142.9M sale of 50-property investment grade portfolio
Keen investor interest in medical properties continues BOSTON, Nov. 6, 2019 – JLL announced today that it has closed the $142.9 million sale of a 50-property national investment grade portfolio totaling approximately 430,000 square feet across 22 states. JLL represented the seller, Elliott Bay Capital Trust, and procured the buyer, a publicly traded REIT. The […]
News Release: Montecito Continues to Expand
Montecito Hires Data Manager, Jennifer Price FOR IMMEDIATE RELEASE November 5th, 2019 Nashville, Tenn. — Montecito Medical, the nation’s top privately held acquirer of medical real estate, has expanded its growing team with the addition of Jennifer Price as Data Manager. Price, a data scientist who has extensive experience in analytics and information management, will be directly […]
News Release: Just Closed – Las Colinas Cancer Center
JUST CLOSED LAS COLINAS CANCER CENTER Irving, TX Sale Date: 10/28/2019 Property Size: 14,900 SF Occupancy: 100% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of Las Colinas Cancer Center (the “Property”), located in Irving, Texas. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger and Sabrina Solomiany partnered with Austin Barrett in the Texas market […]
News Release: Capital One Provides $285 Million Bridge Loan Refinancing for Seniors Housing Portfolio
FOR IMMEDIATE RELEASE New York (November 4, 2019) – Capital One announced today that closed a $285 million bridge loan to refinance a portfolio of 13 senior living communities owned by Prime Care, LLC. They consist of 1,081 assisted living, 301 memory care, and 85 skilled nursing units located in seven states. Sunrise Senior Living manages […]
News Release: Flagship Healthcare Properties Acquires Medical Office Building Anchored by Prisma Health in Columbia, South Carolina
NEWS RELEASE FOR IMMEDIATE RELEASE CHARLOTTE, N.C. (November 4, 2019) – Flagship Healthcare Trust (Flagship REIT), a private healthcare real estate investment trust managed by Flagship Healthcare Properties (Flagship), has announced its acquisition of a 57,375-square-foot medical office building (MOB) in Columbia, South Carolina’s northeast submarket, one of the fastest […]
News Release: Skanska to Build New UNC Hospitals Surgical Tower in Chapel Hill, North Carolina
Press Release November 1, 2019 Durham, NC (November 1, 2019) — Global development and construction firm Skanska has announced it will construct the new UNC Hospitals’ Surgical Tower located in the center of the UNC Healthcare campus. The 335,000-square-foot project will cost $257 million and Skanska is providing preconstruction and construction management at risk services. When completed in 2022, […]
News Release: PMB Positively Impacts Healthcare in the Underserved Heart of California’s Imperial Valley
FOR IMMEDIATE RELEASE The new 45,000-square-foot El Centro Health Center has increased patient capacity by 85 percent and is offering a wide variety of new medical specialties and services, including dental, opthalmology, pharmacy and lab. EL CENTRO and SAN DIEGO, Calif., Oct. 31, 2019 – PMB, one of the nation’s leading real estate […]
