Healthcare Real Estate Insights™ recently presented awards to the 2017 winners of the only comprehensive national program recognizing excellence in healthcare real estate
MINNEAPOLIS, Dec. 7, 2017 – Healthcare Real Estate Insights™ magazine has announced the Winners of the 2017 HREI Insights Awards™, the only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership.
The 2017 awards were presented in nine different categories during the RealShare Healthcare Real Estate Conference in Scottsdale, Ariz. Dec. 7.
The awards are presented by Healthcare Real Estate Insights™, the nation’s first and only print and digital magazine entirely devoted to covering healthcare real estate (HRE) development, financing and investment.
“Until HREI initiated this program five years ago, there was no comprehensive national awards program focusing on the real estate stories and strategies behind successful projects,” explains HREI Publisher and Founding Editor Murray W. Wolf. “As the healthcare real estate sector has grown and prospered during the years, this level of industry recognition has been long overdue.”
Mr. Wolf added, “It’s been a pleasure celebrating the remarkable achievements of a select group of HREI professionals through this awards program.”
The Sponsors of the 2017 HREI Insights Awards are:
■ Capital One https://www.capitalone.com/commercial/healthcare/
■ Caddis http://www.caddis.com/
■ Davis http://www.davisrealestatemn.com/
■ HSA PrimceCare http://hsaprimecare.com/
■ RealShare Healthcare Real Estate conference https://www.eiseverywhere.com/ehome/219871/491171/
■ Griffin-American Healthcare REIT III https://www.griffincapital.com/griffin-american-healthcare-reit-iii
■ HealthAmerica Realty Group http://www.healthamrealty.com/
■ Lillibridge http://www.lillibridge.com/
■ MedProperties Holdings http://www.medpropertieslp.com/
■ Rendina http://rendina.com/
■ Winstead http://www.winstead.com/Practices/Healthcare/Healthcare-Facilities-Real-Estate
HREI Insights Awards™ 2017 Winners
Best New Medical Office Buildings and Other Outpatient Facilities (Less than 25,000 square feet):
Oakland Medical Office Building, Oakland, Calif.
Meridian had to overcome many design and development challenges while it worked closely with the client every step of the way to ensure the building’s design met their specific needs. Through collaboration, flexibility and outside-the-box thinking, Meridian developed a well-located, well-designed, state-of-the-art medical office building in a retail environment that truly exemplifies the new trend towards the retailization of medicine. Meridian also worked closely with the residents and the city to gain support for the project and to minimize construction impact on the adjacent residences. Meridian delivered a beautiful 12,754 square foot medical facility in less than 10 months that provides residents with convenient access to excellent healthcare services.
Baptist Medical Park – Airport, Pensacola, Fla. Catalyst HRE
Calhoun Health Care Center, Brookfield, Wis. Irgens
Ochsner Medical Complex – River Parishes, LaPlace, La. Ochsner Health System
Tennessee Cancer Specialists MOB, Knoxville, Tenn. Realty Trust Group
Best New Medical Office Buildings and Other Outpatient Facilities (25,000 to 49,999 square feet):
UPMC Outpatient Center, Allison Park, Pa.
Developer: University of Pittsburgh Medical Center
UPMC sought to better serve the growing population of Hampton Township, about 30 minutes north of downtown Pittsburgh, by consolidating multiple care locations along the Pennsylvania Route 8 corridor. The new 44,000 square foot outpatient center, which opened in August, marks the debut of UPMC’s “medical home” concept that gives residents of Hampton and other communities convenient, accessible and coordinated primary care and other medical specialties under one roof. The facility also combines the talent and expertise of the staff of two nearby UPMC hospitals, St. Margaret and Passavant, and facilitates shared resources and reduced costs.
Kaiser Permanente La Habra Medical Offices, La Habra, Calif. Kaiser Permanente
Memorial Hermann League City Convenient Care Center, League City, Texas Caddis
Merit Health Madison MOB, Canton, Miss. Capital Growth Medvest
Sutter Health MOB, Tracy, Calif. Sutter Gould Medical Foundation
Best New Medical Office Buildings and Other Outpatient Facilities (50,000 to 99,999 square feet):
Women’s Care Florida Women’s Health Center, Tampa, Fla.
Developer: NexCore Group
WCF wanted to create an outpatient center in Tampa that would provide comprehensive, 21st century women’s care and surgical services in a convenient location that 75 percent of its patients could access within a 15-minute drive. Today, the new 63,289 square foot women’s medical center enables WCF to see about 30 percent more patients because of the NexCore team’s efficient programming and design. The facility provides WCF with its first physician-owned surgery center, allowing the group to double its surgical volumes compared to those achieved in multiple freestanding ambulatory surgery centers. It also gives WCF the ability to provide cancer treatment, thus allowing the group to expand its service line.
Memorial Hospital East, Shiloh, Ill. Memorial Hospital East (BJC Healthcare)
RWJBarnabas Health at Bayonne, N.J. Rendina
Shriners For Children Medical Center Pasadena, Pasadena, Calif. Shriners Hospital for Children
Tradition HealthPark TWO, Port St. Lucie, Fla. Optimal Outcomes
Best New Medical Office Buildings and Other Outpatient Facilities (100,000 square feet or more):
HealthEast Clinic & Specialty Center, Maplewood, Minn.
A significant accomplishment with the new 147,885 square foot HealthEast Clinic & Specialty Center is that Davis was able to expand the building twice after construction began to meet increased tenant demand and to deliver the completed facility within 30 days of the original target date. The facility is now more than 90 percent leased and it’s already meeting the needs of a host of well-known, established medical providers and contributing to their success. The new facility also achieved HealthEast’s objectives of consolidating its ambulatory clinics and moving them out of outdated facilities into a single high-quality, efficient and cost-effective destination hub adjacent to the HealthEast St. John’s Hospital Campus.
Drexel Town Square Health Center, Oak Creek, Wis. HSA PrimeCare
Duke Southpoint, Durham, N.C. Davis Moore Capital
Good Samaritan Medical Pavilion, Los Angeles Good Samaritan Hospital
USC Norris Healthcare Center, Los Angeles University of Southern California
Best Renovated or Repurposed Healthcare Facility:
Cotton Medical Center, Pasadena, Calif.
When Meridian acquired Cotton Medical Center’s two buildings, company executives knew they are extremely well-located but that the interiors and amenities didn’t keep pace with the marketplace. They saw this as an opportunity to make Cotton Medical Center one of the most sought-after medical facilities in Pasadena and to offer a space with healthy tenant improvement allowances at affordable rates. Meridian’s spent more than $5 million in modernization, energy efficiency upgrades and building system improvements. The upgrades have provided hospital affiliated doctors an upscale environment for easier physician recruiting and overall patient experience. The energy efficient upgrades have resulted in 15 percent lower operating expenses. Meridian is on plan to increase occupancy to 95 percent from 70 percent at acquisition.
Gloria Drummond Physical Rehabilitation Institute, Boca Raton, Fla. Boca Raton Regional Hospital
Mon-Vale HealthPLEX, Monongahela, Pa. Monongahela Valley Hospital
NHRMC Zimmer Cancer, Wilmington, N.C. New Hanover Regional Medical Center
Spectrum Health Integrated Care Campus, Grand Rapids, Mich. Spectrum Health
Hospitals and Other Inpatient Facilities Best New Ground-Up Development:
Kaiser Kearny Mesa, San Diego
Developer: Kaiser Permanente
Kaiser Permanent recently opened the $850 million, 321-bed Kaiser Kearny Mesa Hospital, it first new hospital in San Diego County in 40 years. The hospital includes 10 operating rooms, which doubles Kaiser’s inpatient surgery capacity in the county, and offers high-tech features such as a “virtual guard rail” system designed to minimize patient falls. The hospital also incorporates environmental and energy-saving features and has received a platinum Leadership in Energy and Environmental Design® (LEED) designation from the U.S. Green Building Council. The project was completed ahead of schedule and at about $50 million less than the initial budget.
Beacon Health Children’s, South Bend, Ind. Beacon Health
Dell Seton Medical Center, Austin, Texas Seton Healthcare
Sanford Medical Center Fargo, Fargo, N.D. Sanford Health
Winston Medical Center, Louisville, Miss. Winston Medical Center
Post-Acute & Senior Living Facilities Best New Ground-Up Development:
Heartis Clear Lake, Webster, Texas
The 157,512 square foot Heartis Clear Lake senior community is located in the city of Clear Lake, Texas near Houston. It offers a total of 167 spacious independent living, assisted living and memory care apartments; beautifully landscaped grounds; interior courtyards; and other amenities. It also features an innovative “Main Street” streetscape that includes a movie theater, ‘50s-style ice cream parlor, art studio and greenhouse along with street lights and park benches. The Main Street concept ties into Heartis’ overall therapeutic approach and is designed to aid memory and enhance connections with the staff and residents’ families.
Grand Living at Lake Lorraine, Sioux Falls, S.D. Ryan Companies US Inc.
Lovelace UNM Rehabilitation Hospital, Albuquerque, N.M. Lovelace Health System/UNM Medical Group
St. John Rehabilitation Hospital, Broken Arrow, Okla. St. John Health System & HealthSouth Corp.
Walnut Crossing Assisted Living & Memory Care, Marysville, Ohio NexCore Group
Healthcare Real Estate Executive of the Year:
John Thomas, Physicians Realty Trust
From January 2009 to July 2012, John Thomas’ group at HCN was responsible for growing total net investments for HCN’s medical facilities division, including hospitals, medical office buildings and life science research facilities, from $2.3 billion in assets to approximately $5 billion. Mr. Thomas’ group expanded HCN’s medical office building portfolio from 128 properties to 210 properties with rentable square feet growing from 5.6 million to 13 million. He has led the dramatic growth of the company in a relatively short period of time. It has grown to a $3.4Bn market cap since 2012 and has realized annualized returns of 20.9 percent in that time. In one of the most impressive accomplishments of the year, he procured the purchase of Baylor Scott & White assets from Healthcare Trust of America’s high bid for the Duke portfolio due to his relationships with Baylor executives. He also convinced some of the best talent in the business to join his firm. Mr. Thomas earned a bachelor’s degree in economics from Jacksonville State University and a juris doctor degree from Vanderbilt Law School.
Michael Davis Cain Brothers & Co. LLC
Darryl Freling MedProperties Holdings LLC
Courtney Hanfland Catholic Health Initiatives
James A. Schmid III Anchor Health Properties
John S. Trabold III VMG Health
Lifetime Achievement Award:
Paula R. Crowley and Louis S. Sachs, Anchor Health Properties
Paula Crowley and Lou Sachs are co-founders of Anchor Health Properties and are based in the firm’s Wilmington, Del. office. Mr. Sachs and Ms. Crowley have strived for 30 years to “push the envelope” on building design and outpatient operational strategy by advising health systems on how to successfully develop new facilities and launch businesses in new markets. Ms. Crowley spent eight years as Development Director with The Rouse Company of Columbia, Md. where she was responsible for the development of urban retail projects. As Chairman of Anchor Health Properties, Ms. Crowley brings a retail approach to navigating competitive healthcare markets. Prior to founding the company, Mr. Sachs spent 15 years with The Rouse Company where, as Vice President for New Business Development, he was responsible for new projects, site acquisitions, and department store relationships. Mr. Sachs also served as Associate General Counsel of The Rouse Company and was formerly associated with a major Baltimore law firm. Mr. Sachs has a bachelor’s degree from the University of Pennsylvania and a juris doctor degree from the University of Pennsylvania Law School. Ms. Crowley received a bachelor’s degree from Middlebury College, a master’s in city planning from the University of Pennsylvania and a master of business administration degree from the Wharton School of the University of Pennsylvania. They have been active in national healthcare real estate organizations, and Ms. Crowley has taught real estate classes and judged competitions at Warton.
About Healthcare Real Estate Insights™
Launched in 2003, Healthcare Real Estate Insights (HREI) was the first and remains the only national media organization entirely dedicated to covering healthcare real estate (HRE) development, financing and investment. This monthly, national, business-to-business print and digital magazine offers sophisticated players the most comprehensive coverage in the industry available anywhere.
HREI’s other HRE sector innovations include the HREI Insights Awards (introduced in 2013), the first and only comprehensive awards program recognizing excellence in HRE development and executive leadership; the HREI Resource Guide (launched in 2008), the first and only annual directory of HRE services; and HREI’s companion website, HREInsights.com, which has been redesigned and vastly expanded during the past four years with more than 15 years of content, including nearly 5,000 articles, news releases, property listings and other postings, and is the undisputed hub of HRE news and information.
For more information on HREI products and services, or to subscribe or advertise, please visit us at HREInsights.com.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE