Finalists: 2018 HRE Executive of the Year – Mark A. Davis
Mark A. Davis Davis, Minneapolis Considered the “foremost expert” on healthcare real estate in the Upper Midwest, Mr. Davis and his 30-year-old firm, Davis, has developed more than 20 MOBs with a total cost exceeding $250 million. During his career, Mr. Davis has leased, developed and/or acquired more than 7 million square feet of MOB […]
Transactions: ESJ Capital Partners sells repositioned medical services campus in Tampa, Fla., for $18 million
Washington NJ – A pair of New Jersey-based real estate firms were recently involved in a transaction involving a 106,415 square foot outpatient campus in the planned community of The Village at
Inpatient Projects: Mayo Clinic plans $648 million expansion at its campus in Phoenix, nearly doubling its size
Phoenix – As demand for its services continues to increase in the Southwest, Rochester, Minn.- based Mayo Clinic has announced plans for a $648 million expansion of its campus in the northern part of Phoenix. The five-year project, known as Arizona Forward,
Industry Pulse: A Stronger Post-Acute Sector Could Benefit HRE
If more health systems acquire post-acute operations, that could benefit the real estate One of the largest publicly traded, healthcare-focused real estate investment trusts (REITs), Toledo based Welltower Inc. (NYSE: WELL), has launched a new report focused on HRE trends and analyses.
Companies & People: Griffin-American Healthcare REIT III reports Q2 operating results; portfolio valued at $3 billion
Irvine, CA – Irvine-based Griffin-American Healthcare REIT III Inc. announced its operating results for the second quarter (Q2), when the non-traded real estate investment trust (REIT) achieved an average occupancy of 92.4 percent in its non-RIDEA properties and
Transactions: New Atlanta MOB sells for $83 million
DOC acquires 12-story Midtown MOB, which is anchored by Northside Hospital By John B. Mugford The sale of a large, newly completed MOB in the heart of Atlanta’s popular Midtown area comes on the heels of several years of diligent work by Atlanta based Northside Hospital Inc. and Realty Trust Group (RTG), a fullservice healthcare […]
Inpatient Projects: Milwaukee-based Froedtert plans a new hospital in the suburb of Mount Pleasant, Wis
Mount Pleasant, Wis. – Froedtert South Hospital in Kenosha, Wis., recently announced plans for a two-story hospital and four-story MOB on a new campus in nearby Mount Pleasant. The future
Hot Property: 14 MOBs with strong affiliations
Landmark Healthcare Facilities offers 95% occupied, 1.5 million s.f. portfolio Name: Landmark MOB Portfolio Seller: Landmark Healthcare Facilities Number of buildings: 14 Square feet: 1.5 million States: 8 Occupancy: 95 percent Avg. remaining lease: 9 years Brokerage: Healthcare Real Estate Capital (HRE Cap) Lead broker: Jeffrey Cooper So far this year, a number of larger, […]
Post-Acute & Senior Living: Capital One leverages revised HUD rule to provide refinancing for Chicago-area property
Des Plaines IL. – Bethesda, Md.-based Capital One reports that it recently provided a 35-year, fixed-rate $28.4 million HUD (Housing and Urban Development) loan to refinance a supportive living
Industry Pulse: AI Could Save Money, Advance Medicine
Artificial intelligence could help healthcare save billions While healthcare is widely considered to be one of the country’s juggernaut industries, out-of-control, rising costs could derail the sector in any number of ways.
Transactions: Pension fund sells MOBs for $34.4M
Iowa retirement system advisor sells facilities near Philadelphia and New York An undisclosed global investment advisor acting on behalf of the Iowa Public Employee Retirement System (IPERS) recently sold two medical office properties to two separate buyers for a total of $34.4 million.
Post-Acute & Senior Living: Senior housing occupancy steadies
National average was 87.9 percent in Q3, matching the lowest rate since Q2 2011 By John B. Mugford It might not be great news, but at least the occupancy rate for the country’s seniors housing facilities did not fall any farther in the third quarter (Q3) of 2018, according to Annapolis-based National Investment Center for […]
Post-Acute & Senior Living: Griffin-American Healthcare REIT IV acquires eight SNFs in Missouri for $88.2 million
Missouri – Irvine, CA-based Griffin-American Healthcare REIT IV, a non-traded real estate investment trust (REIT), recently acquired a portfolio of skilled nursing facilities in Missouri for $88.2 million. With eight facilities and 1,112 licensed beds, the Missouri Skilled
Outpatient Projects: Hospital in Council Bluffs, Iowa, breaks ground for $18 million, 60,000 s.f. on-campus MOB
Council Bluffs, Iowa – Methodist Jennie Edmundson Hospital, part of Omaha, Neb.-based Nebraska Methodist Health System, broke ground recently for a 60,000 square foot MOB that will help
REIT Report: More MOB buys in HCP’s future?
Yes, according to the REIT’s officials during a recent Q2 earnings call with analysts By John B. Mugford So far, 2018 has been quite a busy year for Irvine, Calif.-based HCP Inc. (NYSE: HCP), a longtime health care focused real estate investment trust (REIT) that has been taking significant steps to reconfigure its portfolio. While […]
