Inpatient Projects: 60-bed ED to open soon in future $400 million tower at Banner hospital in Phoenix
PHOENIX – The first aspect – a new emergency department (ED) – of a future $400 million, 650,000 square foot patient tower under construction at Banner University Medical Center Phoenix is slated to open in late June 2017, according to the local Phoenix Business Journal.
Inpatient Projects: Hospital unveils $130 million project
SwedishAmerican plans to expand and renovate its main campus in Rockford, Ill. By John B. Mugford Officials with SwedishAmerican Hospital in Rockford, Ill., saw a need for more hospital beds – and to convert all of their beds to private patient rooms – as well as a need to provide better and more care for […]
Post-Acute & Senior Living: Cascade Capital Group acquires Midwest portfolio of SNFs for $82 million
SKOKIE, Ill. – Skokie-based Cascade Capital Group recently acquired a portfolio of 18 skilled nursing facilities (SNFs) in four Midwestern states for a price of $82 million.
Post-Acute & Senior Living: CNL Healthcare II makes first purchase, a senior living community in Pensacola, Fla.
PENSACOLA, Fla. – Orlando, Fla.-based CNL Healthcare Properties II Inc., which is focused on seniors housing, medical office buildings (MOBs) and other healthcare properties, recently made its first acquisition as a non-traded real estate investment trust (REIT).
Industry Pulse: Aurora Health Care Has a Bevy of Projects
System says controlling costs has enabled it to pursue $500 million-plus in new projects Any U.S. health systems, no matter how financially healthy they are, are feeling some financial constraints, meaning they simply cannot deploy as much capital as they would like.
Industry Pulse: Carter Validus Could Be Nearing Sale of First REIT
Unconfirmed media reports says the firm might sell its MOB and data center portfolios There comes a time in the later stages of the life of any unlisted real estate investment trust (REIT) when its officers must decide on a liquidity event. This can entail going public or selling off the properties it has acquired, […]
Post-Acute & Senior Living: Ventas Inc. buys six Koelsch Communities for $137 million in sale-leaseback transaction
OLYMPIA, Wash. – Ventas Inc. (NYSE: VTR) has acquired six senior living communities from Olympia-based Koelsch Communities in a $137 million sale-leaseback transaction, according to a March 10 article on the Senior Care Investor website.
Industry Pulse: On the Record – Jonathan “John” Winer
How will healthcare real estate be affected by changes to Obamacare? “As things stand, it appears that the most likely outcome for a new healthcare plan will be to retain some of Obamacare’s most popular provisions while trying to integrate market-based competition to reduce the cost of insurance.
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 […]
Post-Acute & Senior Living: RCP Properties and Matteo Realty Partners form second memory care joint venture
ROWLETT, Texas – Two Dallas-based firms, RCP Properties LLC, a real estate equity firm, and Matteo Realty Partners, have formed a joint venture (JV) to develop a 40-unit memory care community in the Dallas suburb of Rowlett.
Post-Acute & Senior Living: Avison Young represents McFarlin Group in $2.7M acquisition of Phoenix development site
PHOENIX – Avison Young announced March 30 that it has brokered the $2.7-million sale of a 6.87-acre land parcel for the development of an assisted living and memory care community in Phoenix.
Industry Pulse: On the Record – Todd J. Meredith
How are providers reacting to a potential change in Obamacare? “Most headlines concerning the replacement of the ACA are focused on political issues surrounding insurance coverage.
Industry Pulse: Tired of the Ongoing Healthcare Debate?
Boldly go to this site for a look at medicine, Star Trek style Are you tired of the political saga and the seemingly endless debate over whether to repeal and replace the Patient Protection and Affordable Care Act (PPACA)? Escape with Star Trek.
Post-Acute & Senior Living: Firm adding MOBs to senior housing
LifeCenters Development of Franklin, Tenn., has several projects in the works By John B. Mugford The concept certainly makes plenty of sense: including medical office buildings (MOBs) in senior housing communities.
Post-Acute & Senior Living: Ryan Companies, LCs and Harrison Street to develop senior living community in Naperville, Ill.
NAPERVILLE, Ill. – Ryan Companies US Inc. announced April 10 that it has acquired an 11-acre land parcel in Naperville, Ill., for construction of the $48.5 million Clarendale at Indian Lake is a senior living community.