Post-Acute & Senior Living: Villaggio Communities and LCS plan ‘upscale’ CCRC in San Luis Obispo, Calif.
SAN LUIS OBISPO, Calif. – Local firm Villaggio Communities LLC is teaming with Des Moines, Iowa-based LCS on the development of a future “luxury” continuing care retirement community (CCRC) in San Luis Obispo, a city lacking such facilities.
Industry Pulse: On the Record – Louis Rogers
How has the 1031 exchange market changed for HRE investors?
Post-Acute & Senior Living: Caddis starts its second Heartis senior community in Georgia, outside of Atlanta
SUWANEE, Ga. – Dallas-based Caddis continues to expand its presence in the Southeast, as it recently announced plans to break ground this spring in Suwanee, just outside of Atlanta, for its second Heartis senior living community in Georgia.
Industry Pulse: Trouble Brewing for FED Firm Adeptus Health
Operator of the First Choice ER brand lost more than half a billion dollars in 2016 In 2015, Adeptus Health Inc. (NYSE: ADPT) was trading at more than $120 per share. As of mid-March, the Lewisville, Texas-based for-profit healthcare firm was available for $2.31 per share. What happened?
REIT Report: G-A REITs still making acquisitions
REIT III made $509.5 million of acquisitions in 2016; REIT IV has invested $139 million By John B. Mugford Amid what can be described as a slowdown in both capital raising and acquisitions for the country’s non-traded, healthcare-focused real estate investment trusts (REITs), two REITs co-sponsored by American Healthcare Investors LLC (AHI) and Griffin Capital […]
Industry Pulse: Colliers Releases Healthcare Report
Study shows lower vacancy rates, more construction In its “2017 Healthcare Marketplace” report, Colliers International pegged the national medical office building (MOB) vacancy rate at “an all-time low” of 7.4 percent at year-end. It also said MOB rents rose by 8 percent in 2016 to a national average of $24 PSF. And its construction numbers […]
Industry Pulse: JLL Offers Another Take on the Market
Near-record sales show MOBs have gained acceptance JLL’s Healthcare Capital Markets group recently released a report with its take on the medical office building (MOB) market.
Post-Acute & Senior Living: Oppidan sells its first seniors housing community; its pipeline now tops $400 million
WOODBURY, Minn. – Excelsior, Minn.-based Oppidan Investment Co. recently sold the senior housing community that marked its entry into the sector two years ago.
Post-Acute & Senior Living: $550M rehab hospital set to open
Rebranded AgilityLab facility will replace the Rehabiltation Institute of Chicago By Murray W. Wolf The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood. The new facility will replace, rebrand and expand the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at […]
Capital Markets: Portfolios versus single assets
There’s a difference between financing large MOB portfolios and single assets By Erik Tellefson Over the last few years, we’ve seen a number of large medical office building (MOB) portfolios in the marketplace – notable both for their size, but also for their use of property-level finance. Large portfolios are a different animal from single […]
Industry Pulse: On the Record – Richard “Dick” D. Daniels
What’s ahead for the new Kaiser Permanente medical office model?
Post-Acute & Senior Living: Shepherd Health, Cobalt Seniors to build ‘upscale’ community near Savannah, Ga.
POOLER, Ga. – Miami Beach, Fla.-based Shepherd Health is venturing into the state of Georgia for the first time, recently announcing plans for an “upscale” senior living community near U.S. Interstate 16 in Pooler, just outside of Savannah.
Publisher’s Letter: Embrace the future
Industry changes will create new opportunities Dear Reader: Good things are happening in the U.S. healthcare industry. A shift to value-based compensation gives providers greater incentives to reduce costs, boost productivity and improve patient outcomes. As a result, new healthcare delivery models are emerging that seek to meet those objectives, enabling providers to meet their […]
Companies & People: Missner Group completes another MOB project for Illinois Bone & Joint Institute
MORTON GROVE, Ill. – Des Plaines, Ill.-based The Missner Group recently completed a second phase renovation at a 24,000 square foot facility in Morton Grove operated by the Illinois Bone & Joint Institute (IBJI).
Companies & People: Seavest and Ciminelli land permanent financing for Conventus building in Buffalo, N.Y.
BUFFALO, N.Y. – White Plains, N.Y.-based Seavest Healthcare Properties and Buffalo-based Ciminelli Real Estate Corp., recently secured permanent financing for their jointly owned seven-story, 350,000 square foot Conventus MOB on the 120-acre Buffalo Niagara Medical Campus (BNMC).