Healthcare Real Estate Insights™ magazine presents this year’s awards in the only comprehensive national program recognizing excellence in healthcare real estate
MINNEAPOLIS, Dec. 8, 2016 – Healthcare Real Estate Insights™ magazine has announced the Winners of the 2016 HREI Insights Awards™, the only national awards totally dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership.
The 2016 awards were presented today in nine different categories during the RealShare Healthcare Real Estate Conference in Scottsdale, Ariz.
The awards were presented by Healthcare Real Estate Insights™, the first and only national magazine entirely devoted to covering healthcare real estate (HRE) development, financing and investment.
HREI™ Publisher Murray Wolf noted, “The HREI Insights Awards™ have honored the best of the best in healthcare real estate since 2013.Yet we never fail to be astounded by the quality of the people and projects that are nominated. The projects that are submitted demonstrate the remarkable persistence and creativity of the development teams behind them. The development process is complicated and fraught with challenges. Yet, year after year, we receive dozens of entries demonstrating the amazing vision, creativity and hard work of the people in the healthcare real estate sector. The same goes for the individual awards. We are proud that this has become a very prestigious program with sought-after awards.”
Sponsors of the 2016 HREI Insights Awards are:
Platinum Sponsor: Capital One
Gold Sponsors: Brown Gibbons Lang & Company, Caddis, Duke Realty, HFF, RealShare Healthcare Real Estate Conference
Silver Sponsors: Griffin-American Healthcare REIT, HealthAmerica Realty Group, Lillibridge, MedProperties Holdings, Meridian, Rendina, Winstead
2016 HREI Insights Awards™ Winners
Best New Medical Office Building and Other Outpatient Facilities (Less than 25,000 square feet):
Five Star ER, Pflugerville, Texas
Lockard Emergency Service Partners had identified an optimal site in Pflugerville, an Austin, Texas, suburb, for its next freestanding emergency room under its Five Star ER brand. However, because the overall development plan had not been finalized, the lot needed for the project could not be sold individually. Lockard stepped in and worked directly with the land developer to finalize the development plan and expedite approval of other aspects of the agreement and process. In doing so, the company avoided costly delays. Construction on the 9,960 square foot facility got underway in March 2015 and was completed in October 2015.
|Janis Medical Office Building, Bend, OR||Getz Properties LLC|
|Kaiser Permanente Signal Hill Medical Offices, Signal Hill, CA||2H Property|
|Orthopaedic Institute for Children, Los Angeles||Orthopaedic Institute for Children|
|Palmdale, Palmdale, CA||Meridian|
Best New Medical Office Building and Other Outpatient Facilities (25,000 to 49,999 square feet):
Buck Creek Medical Plaza, Avon, Colo.
Developer: NexCore Group LLC
Colorado Mountain Medical needed to expand its service offerings in a new, centralized location with more parking. In a market with few buildable lots, NexCore found a 2.15-acre site in Avon that fit the bill. But there were challenges to overcome, and NexCore eventually acquired an adjacent lot and swapped parcels with the local fire district. Fast-tracking the project, NexCore opened the 48,300 square foot Buck Creek Medical Plaza in summer 2016. The company recruited Centennial, Colo.-based Centura Health as the emergency care anchor as well as a vibrant mix of providers to bring occupancy to 94 percent at the opening.
|Barnabas Health Ambulatory Care Center Annex, Livingston, NJ||Rendina Healthcare Real Estate|
|Brandon Medical Pavillion, Brandon, FL||Optimal Outcomes|
|Memorial Hermann Convenient Care Center in Spring, Spring, TX||Caddis|
|Mission Health Haywood MOB, Clyde, NC||The Keith Corporation|
Best New Medical Office Building and Other Outpatient Facilities (50,000 to 99,999 square feet):
Penn Medicine Southern Chester County, West Grove, Penn.
Developer: Anchor Health Properties
Chester County Hospital wanted to grow its market share in the southernmost portion of its service area in Chester County and to position itself to deliver needed services well into the future. So the hospital sought to consolidate and expand services in a comprehensive new facility. Anchor Health Properties identified and then controlled a strategic, highly visible site and developed a 72,000 square foot “one-stop” healthcare destination. The MOB was fully occupied when it opened in summer 2015. Penn Medicine exceeded patient volume projections by 20 percent in Year 1 and increased outpatient registrations by 40 percent.
|Baylor McKinney II Medical Office Building, McKinney, Texas||Duke Realty|
|Gastrointestinal Associates MOB / ASC, Knoxville, TN||Realty Trust Group|
|Orthopaedic Associates of Wisconsin LLC, Pewaukee, WI||HSI Properties LLC|
|University Medicine Building, East Providence, RI||Marshall Properties|
Best New Medical Office Building and Other Outpatient Facilities (100,000 square feet or more):
Hoag Health Center-Irvine-Sand Canyon, Irvine, Calif.
The Hoag Memorial system wanted to develop an outpatient facility adjacent to its Hoag Hospital Irvine to meet the healthcare needs of the rapidly growing area. The development team faced numerous challenges, including high voltage overhead power lines and underground issues, plus they wanted to link the MOB to the hospital with fiber-optic cable installed under a busy six-lane road. The team was able to deliver the 157,200 square foot facility below budget and on schedule. The facility was fully leased upon opening and is expected to achieve LEED Silver designation.
|Kernersville VA Health Care Center, Kernersville, NC||Lendlease Healthcare Development|
|MC Fitness & Health, Lewis Center, OH||NexCore Group LLC|
|Orange Regional Medical Center Outpatient Bldg., Middletown, NY||The Boldt Company|
|Ventana Medical Center, Tarzana, CA||Tristar Realty Group|
Best Renovated or Repurposed Healthcare Facility:
Clara Maass Medical Center MOBs, Belleville, N.J.
Developer: Rendina Healthcare Real Estate
Clara Maass Medical Center (CMMC) needed to significantly improve the condition of three MOBs on its campus and enhance the satisfaction of the tenant physicians. Rendina acquired the three buildings totaling 128,006 square feet and completely modernized and renovated all common areas. They also added new building systems, signage, wayfinding, artwork, furniture and handicap parking improvements. Since Rendina took ownership, occupancy has increased nearly 10 percent, many physician groups have shifted from short-term commitments to long-term leases, and overall satisfaction has increased 7 percent.
|380 W. MacArthur, Oakland, CA||Meridian|
|Bassett Oneida Health Center, Oneida, NY||Oneida Indian Nation|
|UC Davis Medical Group MOB, Sacramento, CA||HCP Inc.|
|Veritas Collaborative Eating Disorder Clinic, Durham, NC||The Keith Corporation|
Hospitals and Other Inpatient Facilities – Best New Ground-Up Development:
TriHealth Bethesda Butler Hospital, Hamilton, Ohio
Developer: Duke Realty
TriHealth wanted to enter a Cincinnati sub-market and employ a physician practice that owned a six-building hospital campus. TriHealth needed to immediately add an ED and lab and in the future additional beds to accommodate its growing patient base. The development team orchestrated a four-phase expansion to minimize disruptions to the hospital’s daily operations. The expanded 90,788 square foot facility has enabled TriHealth to add more services, physicians and staff; treat more patients; and have room for future growth. It’s also helping it be more competitive in the Cincinnati market and serve as a convenient, full-service campus.
|Advocate Christ Medical Center, East Patient Tower, Oak Lawn, IL||Advocate Health Care|
|Scripps Networks Tower at E. Tenn. Children’s Hospital, Knoxville, TN||Realty Trust Group|
|Sibley Memorial Hospital New Patient Tower, Washington D.C.||Sibley Memorial Hospital|
|Zuckerberg San Francisco General Hospital and Trauma Center, S.F.||San Francisco Health Network|
Post-Acute & Senior Living Facilities – Best New Ground-Up Development:
Beach House Assisted Living and Memory Care, Naples, Fla.
Developer: Prevarian Companies LP
It has taken more than a decade for the site at 1000 Airport Pulling Road S. in Naples to finally be developed after years of delays caused by a long entitlement process and the recession. Making the project a reality was Prevarian, which started pursuing a development on the site just two years prior to opening the 113-unit Beach House Assisted Living and Memory Care community. The company had to make sure the design conformed to a previously approved footprint and site plan, and it received permits within four months of securing the land. Beach House is close to a shopping district and a community hospital.
|Heartis San Antonio, San Antonio, TX||Caddis|
|Kalākaua Gardens, Honolulu||Island Paradise Investments|
|Lantern Hill, New Providence, NJ||Erickson Living|
|Sunrise at Palos Verdes, Torrance, CA||Sunrise Senior Living|
Healthcare Real Estate Executive of the Year:
Jason Signor, Caddis
Under Jason Signor’s leadership, Caddis has grown from seven employees to 47 and become an industry-leading, full-service developer, owner and property manager of MOBs, ASCs, hospitals and, under its Heartis brand, senior living communities. With offices in Dallas, Atlanta, Houston and Phoenix, the firm has developed and/or acquired more than 40 assets with a total value of more than $700 million spanning 2.7 million square feet of space and 1,500 beds. Caddis has deployed $150 million of equity and manages about 3 million square feet in seven states. During his time with Caddis, Mr. Signor also has spurred the creation of a proprietary, GIS mapping interface used for identifying market opportunities and allowing clients to make informed, evidence-based site selection decisions.
|Courtney Hanfland||Catholic Health Initiatives|
|Benjamin Ochs||Anchor Health Properties|
|John S. Trabold||VMG Health|
|Zachary J. Zapack||Carolinas HealthCare System|
Lifetime Achievement Award:
Tim Oliver, NexCore Group LLC
Tim Oliver’s legacy includes being involved in the development and consulting engagements for more than 90 facilities totaling 5 million square feet in the past 40-plus years. Mr. Oliver has focused exclusively on medical real estate since 1974 and has cofounded several firms.
Tim Oliver and John McWilliams were involved in the formation of Western Skies (WSI) in 1970, and led the company’s development of its first on-campus MOB in 1975. At the time, the concept of on-campus medical office buildings was in its infancy. WSI developed the second on-campus MOB in the Rocky Mountain region for Mercy Hospital. Over the next 16 years, WSI developed 1.5 million square feet of ambulatory facilities and managed over 1 million square feet of healthcare properties.
In 1986, Tim was one of the original founders of Integrated Medical Campus, providing strategic planning/development services for over 50 medical projects. In 1987, IMC developed one of the nation’s first “medical mall” or “hospital without beds” projects that featured a freestanding emergency department, ambulatory surgery center, imaging, physical therapy and medical offices.
In 2004, Mr. Oliver joined five other founders from The Neenan Company to form the Denver-based NexCore Group. To date, NexCore Group has developed and acquired 6.5 million square feet of real estate, executed leases totaling 3.5 million square feet, and now has 65 employees in seven offices across the United States.
Today, Mr. Oliver is actively training the next generation of strategic-thinking development executives at NexCore Group. He has been a thought leader at NexCore, responsible for understanding the legislative and economic environment, best practices in the delivery of care, and population health management/wellness initiatives that affect the development of healthcare real estate. His strategic thinking continues to provide top-of-class service to NexCore’s national healthcare clients.
About Healthcare Real Estate Insights
Launched in 2003, HREI was the first and remains the only national magazine entirely dedicated to covering healthcare real estate development, financing and investment. This monthly, national, business-to-business magazine offers sophisticated players the most comprehensive coverage in the industry available anywhere. Introduced in 2008, the HREI Resource Guide was the first and is still the only annual directory of healthcare real estate services. And HREI’s companion website, HREInsights.com, has been totally redesigned and vastly expanded with more than 13 years of content, more than 4,000 articles and nearly 3 million words of copy, becoming the new hub for healthcare real estate news and information.
For more information on HREI products and services, or to subscribe or advertise, please visit us at HREInsights.com.
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