The latest plan for replacing the troubled United Medical Center in the southeastern area of Washington D.C. calls for a new hospital with less than half as many beds, according to the Washington Post.
Fully renovated “Streamline Moderne” MOB back in use With the many changes taking place in the healthcare industry, one of the most common topics of conversation at healthcare real estate (HRE) conferences is what will be done with antiquated medical office buildings (MOBs).
Are ROFOs and ROFRs more of a consideration now than in years past? “Yes… (In the past) when we received a letter saying someone was considering buying the building, we didn’t have the important discussions we needed to have.
But NIC says occupancies for assisted living are likely to rebound in the second quarter By John B. Mugford The occupancy rates for senior housing properties continue to drop, as the national average fell to 88.3 percent in the first quarter (Q1) of 2018. That represents a drop of 0.5 percent from Q4 2017 and […]
And more large portfolio offerings hit the market shortly after end of the quarter By John B. Mugford Medical office building (MOB) sales in the first quarter (Q1) of 2018 were solid, if not spectacular, especially when compared to the record-setting year of 2017.
HRE investors have allocated $11.2 billion, CBRE says The 109 firms responding to the 2018 Healthcare Real Estate Investor & Developer Survey conducted by CBRE Group Inc. (NYSE: CBG) have allocated about $11.2 billion to acquire and develop healthcare facilities in 2018, representing a 25 percent drop from 2017.
Have providers’ views changed on whether to own vs. lease real estate? There is a general belief that, depending on the credit specifics, hospitals or health systems can borrow direct on a tax exempt basis at a lower cost than if they were leasing. There are exceptions to that, but as it’s evolved to physicians […]
Hammes partners acquires condos in California; similar sale takes place in Illinois By John B. Mugford In certain parts of the country – Florida, Southern California, parts of Texas – quite a large number of physicians and small group practices own their own medical office condominiums. When the product type really took off in the […]
St. Thomas More Hospital in Canon City, about 115 miles south of Denver, recently opened first floor clinical space in a new two-story, 32,500 square foot MOB. The hospital, an affiliate of Centennial,
As Sanford Health’s new medical center exceeds projections, it plans to add more beds By John B. Mugford Even though most healthcare professionals foresee a future with fewer inpatient hospital beds, at least one new hospital is experiencing volumes well above projections. That hospital is the 244-bed Sanford Medical Center Fargo, which opened in North […]
Jamie Dimon explains why JPMorgan, Amazon and Berkshire Hathaway are tackling healthcare In January 2018, when Amazon, JPMorgan Chase and Berkshire Hathaway made a rather vague announcement that they were collaborating on a healthcare venture, it raised more questions than answers. Now, in his newly released letter to shareholders, published as part of the New […]