November 2017 PDF
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Transactions: New REIT, CNL Healthcare Properties II, agrees to acquire first MOB, in Kansas
Making its first purchase as a new non-traded real estate investment trust (REIT), Orlando, Fla.-based CNL Healthcare Properties II entered an agreement to acquire a two-story, 38,496 square foot MOB in Overland Park, outside of Kansas City, Kansas.
Industry Pulse: Are Sub-5 Cap rates the new normal? Not likely
Recent ultra low cap rate transactions were unique situations, Inter Face panelists contend Despite recent medical office building (MOB) portfolio sales that some sources say resulted in capitalization rates of less than 5 percent, those kinds of cap rates are not the new normal in the healthcare real estate (HRE) space.
Trasactions: MOB in Nevada town trades hands for $15.96M; Fairfield Advisors brokers the sale
A newly opened 57,021 square foot MOB recently traded hands for $15.96 million in Pahrump, about an hour west of Las Vegas.
November 2017
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Companies & People: Meridian hires Andrew Hoover, former health system exec, in Southern California
San Ramon-based Meridian, which has more than 300,000 square feet of healthcare projects in development and redevelopment, recently hired Andrew “Andy” Hoover as VP of business development.
Companies & People: Hammes hires Chris Stanley as VP of business development in the Southeast
In other news from Hammes Company, the firm says it has hired Chris Stanley as VP of business development for its Southeast region.
Inpatients Projects: Novant Health opens new $67 million replacement orthopedic hospital in Charlotte
Charlotte-based Novant Health in mid-October opened a new replacement orthopedic hospital in midtown Charlotte, next to Novant Presbyterian Medical Center.
Transactions: DOC REIT benefits from more ROFRs
Physicians Realty Trust agrees to buy three MOBs through rights of first refusal By John B. Mugford Rights of first refusal (ROFRs) have been good to Milwaukee-based Physicians Realty Trust (NYSE: DOC) in 2017.
Companies & People: Stage Equity opens new regional office in Texas, hires Teresa Eoff as executive VP
Chicago-based Stage Equity Partners LLC, which invests in healthcare facilities, has opened an office in Texas and hired Teresa Eoff as executive VP there.
Trasactions: Virtus Real Estate acquires MOB in Hialeah, Fla.; hires Aurum to manage facility
Austin, Texas-based Virtus Real Estate LLC, a private equity firm, recently acquired the 68,000 square foot Hialeah Medical Plaza, an MOB attached to the 378-bed Hialeah Hospital, part of Tenet Healthcare Corp. West Palm Beach, Fla.-based Aurum Property Partners LLC marketed the property for the seller, […]
Companies & People: CNL Healthcare sees 8.3 percent increase in same-store Q2 NOI vs. previous year
In the second quarter (Q2) of 2017, Orlando-based CNL Healthcare Properties, a non-traded real estate investment trust (REIT) focused on seniors housing and healthcare properties,
Post-Acute & Senior Living: Strawberry Fields, a SNF-focused REIT, pays $21.8 million for Louisville facility
South Bend, Ind.-based Strawberry Fields REIT LLC, which has a portfolio of 59 skilled nursing facilities (SNFs) in seven states, recently purchased the 88.5 percent
Companies & People: Hammes Company hired to work on $1 billion campus transformation in Cleveland
Brookfield, Wis.-based Hammes Company was recently retained by Cleveland based Metro Health System to act as the owner’s representative on the system’s six-year, $1 billion transformation project at its flagship hospital campus.
Outpatient Projects: Facilities to bolster Arizona system
Nex-Core to develop 175,000 s.f. outpatient campus at hospital in recreational region By John B. Mugford As most well-established, experienced healthcare development firms know, not all opportunities present themselves through requests for proposals (RFPs).
