Post-Acute & Senior Living: Caddis to develop a 104-unit Heartis senior living community in Milwaukee suburb
Dallas-based healthcare developer Caddis is continuing its expansion into the Midwest with the development of a future senior living community in Brookfield, outside of Milwaukee. Caddis is
Companies & People: Caddis launches $150M MOB fund
Mega investment firm Invesco is one of the investors, industry sources say By John B. Mugford The medical office building (MOB) sector continues to see a wave of new investors entering, or looking to enter, the space. Although healthcare real estate (HRE) firm Caddis is hardly a new name in the sector, it has launched […]
Transactions: Inland acquires MOB near Texas Health Presbyterian Hospital in Dallas
Oak Brook, Ill.-based Inland Real Estate Acquisitions LLC recently negotiated and closed the sale of a 16,050 square foot MOB at
Transactions: Physicians Realty Trust closes on more MOBs, ending 2018 with a record $1.4 billion
Milwaukee-based Physicians Realty Trust (NYSE: DOC) announced Dec. 21 that it completed more than $1.4 billion in medical office
Companies & People: H2C advises Georgia health system on senior housing community sale
ALBANY, Ga. – New York-based Hammond Hanlon Camp LLC (H2C) recently advised a health system in Georgia on the sale of its only senior living facility, the 68-unit Phoebe Senior Living at
Transactions: Flagship Healthcare Properties buys MOB in Southport, N.C., near St. James Plantation
Charlotte, N.C.-based Flagship Healthcare Properties recently purchased the 25,500 square foot Dosher Wellness Center next to the St. James Plantation residential and recreational area of
Inpatient Projects: Hospital near Las Vegas Strip breaks ground for $130 million, 72-bed tower
The hospital that sits closest to the Las Vegas Strip recently broke ground on its 30-acre campus for a $130 million multi-phase expansion. Sunrise Hospital and Medical Center and Sunrise
Transactions: HTA acquires Northpoint Medical Arts building in Dallas for $19.3 million
Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) recently acquired the 118,876 square foot Northpoint Medical Arts building in Dallas. According to RCA, HTA paid $19.3 million, or
Transactions: Harrison Street acquires on-campus MOB in Marin County, Calif., for record $706 PSF
Greenbrae, Calif. – Chicago-based Harrison Street Real Estate Capital recently acquired the 45,277 square foot Marin Cancer Institute MOB at 1350 S. Eliseo Drive, on
Companies & People: Hammes Partners closes new investment fund with $687 million in commitments
MILWAUKEE – Milwaukee-based healthcare real estate (HRE) private equity firm Hammes Partners recently announced the over
Post-Acute & Senior Living: Manhattan getting new AL projects
Developers looking to tap into affluent cohort that doesn’t want to leave the city By John B. Mugford Conventional wisdom might say that developing a new senior living healthcare facility in the heart of one of the world’s most expensive real estate markets doesn’t make much sense, as rents would prove to be too high […]
Hot Property: Medical land in hot Houston suburb
Colliers has two MOB sites left to sell in Sugar Land’s Telfair development Name: East Business District Development Tracts Address: U.S. Highway 59 at University City, State: Sugar Land, Texas Number of lots: 2 Acreage: 2.518 and 3.029 acres Seller: NNP-Telfair LLC Price: Not disclosed Brokerage: Colliers International Brokers: Charles Herder, Kolbe Curtice Founded as […]
Industry Pulse: Hospital Property Tax Exemptions Threatened
More and more municipalities are challenging traditional non-profit property tax exemptions As recently as the early 1990’s, property tax-exempt status for nonprofit organizations, including hospitals, was nearly sacrosanct. Typically, all they needed to do to qualify was to demonstrate that they were “exempt organizations” under section 501(c)(3) of the Internal Revenue Service (IRS) Code.
Inpatient Projects: BayCare’s Mease Countryside Hospital near Tampa, Fla., plans $156 million project
Mease Countryside Hospital, part of Clear water, Fla.-based BayCare, recently announced plans for a new four-story patient tower and a parking garage on the campus in Safety Harbor, in
February 2018 PDF
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