Reit Report: C-V II nears its closing to investors
Carter Validus Mission Critical REIT II has made $1.4 billion of acquisitions By John B. Mugford A number of years ago, non-traded real estate investments trusts (REITs) were among the major buyers of healthcare real estate (HRE), including medical office buildings (MOBs). The landscape has changed since then. Although they are still investing, even the […]
Industry Pulse: No longer a novelty, retailization Evolves
Convenience, affordability and access drive on-demand care Although some might still consider healthcare in retail locations to be unusual, it has become a mainstream strategy for many healthcare providers. And now that the novelty has worn off, “retailization” strategies are evolving and becoming more sophisticated.
Trasactions: Griffin-American REIT IV buys two-MOB portfolio in Connecticut for $15.4 million
Irvine, Calif.-based Griffin-American Healthcare REIT IV on Sept. 29 acquired a portfolio of two MOBs with a total of 80,000 square feet in the cities Stratford and Trumbull, Conn.
Inpatient Projects: Nationwide Children’s in Columbus starts $158 million behavioral health pavilion
Nationwide Children’s Hospital in Columbus broke ground recently for what will become the country’s largest facility dedicated to providing behavioral health services to children and adolescents.
Companies & People: Five questions for PJ Camp
Hammond Hanlon Camp (H2C) grows the scope of what it provides clients By John B. Mugford After the ink had dried in 2016 on the closing of the largest health system sale, or monetization, of medical office buildings (MOBs) in the history of the healthcare real estate (HRE) sector, the $700 million deal grabbed plenty […]
Inpatient Projects: Memphis hospital tops off $275 million tower that’s set to open in spring 2019
Construction has reached the halfway point on Methodist University Hospital’s future $275 million tower, which was given a new name during a recent “topping off” ceremony.
Transactions: Q3 MOB sales drop, but still strong
Sales topped $2 billion – less than Q2, but still one of the better quarters ever By John B. Mugford If 2017 goes on to be the biggest year in the history of medical office building (MOB) sales, as it probably will, most of the credit will and should go to the huge second quarter […]
Post-Acute & Senior Living: Norvin Healthcare Properties sells rehab hospital in Texas; JLL brokers transaction
The national Healthcare Capital Markets Group with Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) recently facilitated the sale of the Central Texas Rehabilitation Hospital in Austin.
Post-Acute & Senior Living: Vibra Healthcare plans 50-bed inpatient rehabilitation hospital in Sacramento, Calif
Mechanicsburg, Pa.-based Vibra Healthcare LLC announced in early October that it entered an agreement to develop a two-story, 59,506 square foot inpatient rehabilitation hospital in Sacramento.
Inpatient Projects: Work starts on 644,000 square foot tower at UT Southwestern Med Center in Dallas
The 1.2 million square foot UT Southwestern Medical Center William P. Clements Jr. University Hospital is to get even bigger in coming years, as ground was broken in September for the future 644,000 square foot Tower III.
Trasactions: Vukota Capital pays $22.4M for MOBs in Van Nuys, Calif.; CBRE represents seller
A joint venture of Chicago-based Harrison Street Real Estate Capital LLC and Greenwood Village, Colo.-based Vukota Capital Management (VCM) recently acquired the two-building, 102,787 square foot Valley Medical Plaza Portfolio in Van Nuys, northwest of Los Angeles.
Industry Pulse: 10-Asset Rendina Mob Portfolio On The Market
JLL healthcare team is marketing six-state, 10-property, 489,301 square foot portfolio One of the medical office building (MOB) sector’s longstanding, better-known development firms is putting a portfolio of properties on the market at a time when pricing remains as high as It’s ever been.
Companies & People: John Goodey to succeed Scott Estes as Welltower Inc.’s CFO; two others promoted
Toledo-based Welltower Inc. (NYSE: HCN) has named John Goodey as executive VP and chief financial officer (CFO). Mr. Goodey, previously the senior VP – international, succeeds Scott Estes, who is leaving to pursue other opportunities.
Inpatient Projects: Brooks Memorial, 40 miles south of Buffalo, N.Y., chooses site for $67 million replacement
Brooks Memorial Hospital in Dunkirk, N.Y., along Lake Erie about 40 miles southwest of Buffalo, has chosen a site near U.S. Interstate 90 in the Town of Pomfret for its planned $67 million replacement.
Inpatient Projects: Morton Plant Hospital in Clearwater, Fla., opens its new $200 million tower
The 687-bed Morton Plant Hospital in Clearwater recently opened its new 200,000 square foot Doyle Tower, a four-story facility that adds a new main entrance, an ambulatory surgery center (ASC), a women’s services area and a 52-bed orthopedic unit.