2011

Editor's Letter: Hungry for good news?

Editor’s Letter: Hungry for good news?

HOLIDAY TREATS PORTEND A SUCCESSFUL 2012 By John B. Mugford Dear Reader: Like almost everyone reading this publication, we tend to keep both eyes focused on healthcare real estate and our peripheral vision glancing on the leading U.S. economic indicators. After all, even though healthcare real estate is often dubbed “recession-resistant,” the economy certainly has […]

A new owner is re-branding the former Challenger Business Park, which has
been virtually vacant for more than two years, as a medical office complex with buildings for sale in Palmdale, Calif. Meridian Property Co. is bullish about its chances to sell out the buildings, which are located close to the new Palmdale Regional Medical Center.
Photo courtesy of Meridian Property Co.

Project Case Study: Foreclosed project getting new life

MERIDIAN HAS HIGH HOPES FOR SELLING MED BUILDINGS IN PALMDALE, CALIF. By John Mugford As a victim of the gung-ho medical office building (MOB) development spree that took place prior to the Great Recession, a 34,300 square foot speculative project marketed heavily to doctors has sat virtually vacant in Palmdale, Calif., since it was completed […]

One of the panels during the recent NIC conference discussed how investors
allocate capital for senior living real estate. The panelists included (from left
to right) Rick Matros of Sabra Health Care REIT, David Roth of Blackstone Group, Noah Levy of Prudential Real Estate Investors and Ted Bigman of Morgan Stanley Investment Management. Photo courtesy of NIC/jvinfante photography

Special Report: Investors adding senior living to mix

ACUITY LEVELS ARE RISING – AND SO IS THE LEVEL OF INSTITUTIONAL INTEREST By Murray W. Wolf Seasoned senior living real estate investors acknowledge that the sector is “complicated,” “misunderstood” and fraught with the added risks associated with volatile government reimbursement policies. In addition, there are questions about the ability of some operators to deliver […]

Companies: New firm H2C up and running, growing

THE BOUTIQUE ADVISORY IS ADDING PEOPLE, OFFICES AND NEW SERVICE AREAS By John Mugford Two months ago, Healthcare Real Estate Insights™ reported that several former healthcare investment banking executives had left Morgan Keegan & Co. Inc. to form a new advisory firm. Since then, that new company, New York-based Hammond Hanlon Camp LLC, also known […]

Danny Prosky

Companies: Plenty going on at Grubb & Ellis REIT

AMID CHANGING SPONSORS, FIRM ALSO REBUFFED A RECENT ACQUISITION OFFER By John Mugford It was an offer that surprised and was not taken seriously by officials with Grubb & Ellis Healthcare REIT II, soon to be known as Griffin-American Healthcare Trust Inc., a non-listed healthcare real estate investment trust (REIT). In early December, the board […]

Texas Clinic at Arlington, developed by Caddis Partners in 2010, is an example of MedProperties’ strategy of providing equity to developments.
Photo courtesy of MedProperties Holdings LLC

Companies: MedProperties closes $50 million fund

REAL ESTATE PRIVATE EQUITY FIRM EXPECTS TO ADD THREE MORE ASSETS SOON By John Mugford Dallas-based MedProperties Holdings LLC recently closed its first healthcare real estate fund, an investment vehicle of about $50 million that currently includes six healthcare real estate assets. According to officials with Med Properties, the equity firm expects to add three […]

The state of Georgia recently approved a Certificate of Need for the future WellStar Paulding Hospital in Hiram, Ga. The hospital is slated for completion in 2014. Rendering courtesy of PerryCragg Engineering

Inpatient Projects: WellStar gets CON replacement in Ga.

$125 MILLION HOSPITAL SLATED FOR PAULDING COUNTY, NORTHWEST OF ATLANTA By John Mugford With its 53-year-old hospital in Dallas, Ga., deemed unable to handle the rapid growth taking place in Paulding County, Wellstar Health System recently received the answer it was looking for from the Georgia Department of Community Health. The state approved the Marietta, […]

Alter+Care plans to develop the 75,000 square foot Einstein Montgomery Medical Arts Building in conjunction with the construction of the new $350 million,146-bed Einstein Medical Center Montgomery in East Norriton, Pa.
Rendering courtesy of Perkins+Will

Outpatient Projects: MOB going up at new Einstein campus

ALTER+CARE IS DEVELOPING 75,000 SQUARE FOOT FACILITY IN EAST NORRITON, PA. By John Mugford As an example of how consolidations and new alliances among health systems can provide opportunities for medical development firms, Chicago-based Alter+Care is in the midst of developing a 75,000 square foot medical office building (MOB) on a future hospital campus in […]

Transactions: Grubb REIT to buy eight more MOBs

SOON-TO-BE-RENAMED REIT AGREES TO PAY $112M FOR ABOUT 451,000 S.F. By John Mugford The fourth quarter (Q4) was supposed to bring plenty of good cheer and the closing of a number of large medical office building (MOB) transactions. Even though things remained relatively quiet on the Q4 sales front through the end of November, several […]

Capital Markets Snapshot:Top 10 issues facing markets in 2012

COMING YEAR COULD BRING SOME RISKS, BUT OPPORTUNITIES ALSO ABOUND By Cain Brothers As we approach the waning days of 2011 and the start of a new year, the capital markets are full of intrigue, which promises for another eventful year in 2012. This is likely to be true for the healthcare real estate markets, […]

Special Report: 2012 prediction: déjà vu

HREI™ BOARD EXPECTS COMING YEAR TO BE SIMILAR By John Mugford Anyone hoping to get a preview of what the healthcare real estate sector will look like in 2012 can, for the most part, take a look back at 2011. That’s because some of the industry’s most experienced professionals believe that, barring any unforeseen circumstances, […]

News & Analysis: Ventas now king of MOBs

REIT BUYS COGDELL SPENCER AND ITS 72 BUILDINGS By John Mugford For many firms involved in the medical office building (MOB) sector, building a portfolio of significant scale requires years of developing and acquiring facilities. Chicago-based Ventas Inc. (NYSE: VTR), however, has taken a different and certainly quicker route to becoming the largest owner of […]

Industry Pulse: December 2011

KATY, Texas – In late December, Indianapolis-based Duke Realty Corp. (NYSE: DRE) closed on the acquisition of three medical office buildings (MOBs) on the campus of the Christus St. Catherine campus in Katy, a suburb west of Houston. The acquisition closed as this edition of Healthcare Real Estate Insights™ was going to press. As a […]

Publisher's Letter: Serious about seniors

Publisher’s Letter: Serious about seniors

By Murray W. Wolf.   Dear Reader: We have all recognized for many years that there is a big potential opportunity in the senior living sector. The market has had its ups and downs. But we all ultimately expect demand to grow for independent living, assisted living, skilled nursing and memory care facilities, as well […]

The National Investment Center for the Seniors Housing & Care Industry (NIC) Conference in September was the largest in the event’s 21-year history, attracting some 1,800 attendees to the Marriott Warman Park in Washington.
Photo courtesy of NIC

Senior Living: Senior moment? Sector is heating up

INTEREST IS GROWING IN POST-ACUTE AND LONG-TERM CARE REAL ESTATE By Murray W. Wolf The potential opportunity in the senior living market has seemed tantalizingly obvious for many years. We all know about the “silver tsunami” – the 78 million aging baby boomers who, during the next two decades, will drive unprecedented demand for independent […]

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