Cover Story

Cover Story: Is development back?

Cover Story: Is development back?

Maybe not at peak 2006-08 levels, but healthcare construction is strong By John B. Mugford Editor’s note: This is an extended version of the article that appeared in the print edition of HREI. Has development truly made a comeback in the medical office building (MOB) sector since the throes of the Great Recession? To explore […]

The 350,886 square foot Doctors Center at Emory Saint Joseph’s in Atlanta, consisting of three on-campus MOB connected by an atrium, is the largest of the 14 assets being offered as part of the LHT Medical Office Portfolio.
(Photo courtesy of CBRE)

Cover Story: Seems like old times

Fourteen assets totaling more than 1.2 million square feet from of one of the first MOB REITs, Lillibridge Health Trust, are back on the market By Murray W. Wolf Lillibridge is selling a portfolio of 14 medical office assets it acquired in the late 1990s and early 2000s as part of its first MOB fund, […]

Cover Story: Record-setting medical office sales reflect soaring investor demand

Cover Story: Record-setting medical office sales reflect soaring investor demand

Both Q4 and 2014 set new records for total transaction volume By John B. Mugford Seemingly insatiable investor demand for medical office buildings (MOBs) continued unabated during the fourth quarter (Q4) of last year as the total dollar volume of transactions for both the quarter and year established new records. Back in February 2013, we […]

Cover Story: Demand to continue well into 2015

Cover Story: Demand to continue well into 2015

While healthcare real estate executives have a few concerns, most seem to agree that the HRE sector continues to look strong  By John B. Mugford The year 2014 in healthcare real estate (HRE) is likely to go down as the best in history, the culmination of a three-year run in which the annual volume for […]

Cover Story: Non-traded healthcare REITs seek deals amid flood of capital

Cover Story: Non-traded healthcare REITs seek deals amid flood of capital

By Murray W. Wolf Probable interest rate increases, new competition, historically high asset pricing and a potential lack of accretive acquisition opportunities are some of the concerns facing executives at the country’s non-traded healthcare real estate investment trusts (REITs). That’s according to “Placing Capital: The Role of Non-traded REITS in the Market,” a panel discussion […]

Atria Valley View is a Ventas-owned, LEED Silver-certified 
independent and assisted living community in Walnut Creek, Calif.
Photo courtesy of Atria Senior Living

Cover Story: Hail to the REITs

Public HRE trusts control growing share of $1 billion market By John B. Mugford In the $1 trillion universe that is healthcare real estate, real estate investment trusts (REITs) certainly compete with each other when it comes to acquiring desirable properties, gaining name recognition and attracting investors. But it also looks as if the two […]

Cover Story: Black Friday for healthcare? How retail clinics are influencing real estate strategies

By Murray W. Wolf CVS is aggressively opening new MinuteClinics nationwide. Walgreens Healthcare Clinics have moved beyond low-level primary care into disease management. Target recently announced a retail clinic partnership with Kaiser Permanente – Kaiser’s first. And Walmart just opened several new retail clinics with an “everyday low price” of $40 per visit – or […]

Cover Story: Who are the largest owners of healthcare real estate?

Cover Story: Who are the largest owners of healthcare real estate?

Revista has compiled a list of the top 50, and the answers might surprise you By John B. Mugford Who are the largest individual owners of healthcare real estate (HRE) assets in the United States? As you pondered the question, the first organizations that popped into your mind might have been the largest publicly traded […]

The Frederickson Outpatient Center, a 69,437 square foot on-campus facility in Mechanicsburg, Pa., is part of ARC Healthcare Trust II’s recent and ongoing purchase from PinnacleHealth.
(Photo courtesy of H2C)

Cover Story: ARC II lands big deal from Pa. system

Non-traded REIT paying $174.1 million for eight-building PinnacleHealth portfolio By John B. Mugford As health systems continue to face financial pressures and myriad other demands in the era of healthcare reform, many real estate professionals expect at least some of them to tap the capital locked into their property holdings. It’s not that the leading […]

Cover Story: New York state of mind

Cover Story: New York state of mind

How Big Apple-based providers see the healthcare real estate market – and what that might mean for the rest of us By John B. Mugford Needless to say, any doctor who has been involved in providing medical care for a number of decades has watched the business get turned on its head in recent years. […]

Mission Health at Biltmore Park in Asheville, N.C., is a good example of how health systems are locating outpatient services in easy-to-access, retail-area locations. The 34,469 square foot facility opened in June and sits amid a collection of restaurants, shops and residences that comprise Biltmore Park Town Square. The medical facility, owned and developed by The Keith Corp. of Charlotte, N.C., is home to Asheville-based Mission Health primary care and diagnostic imaging services.
(Photo courtesy of The Keith Corp.)

Cover Story: Development on the mend

Rising demand for outpatient space is fueling the rebound By John B. Mugford As Philip J. “PJ” Camp puts it, healthcare development “fell off a cliff” back in 2009. That cliff, as it’s turned out, has been quite difficult to re-climb, as the number of annual healthcare real estate (HRE) projects has remained relatively flat […]

Cover Story: Hungry for growth: Healthcare REITs  are gobbling up their competitors

Cover Story: Hungry for growth: Healthcare REITs are gobbling up their competitors

Public REITs are gobbling up healthcare real estate – and each other – as they angle to grow their portfolios. Ventas is poised to shore up its position as the biggest fish in the HRE pond, but other REITs are also casting about for ways to move up the food chain. By John B. Mugford […]

A recent BOMA MOB conference panel included (from left to right): Jeff Cooper of Savills, Tony Helton of Cleveland Clinic, David Johnson of BMO Capital Markets, Vince Cozzi of Ventas and moderator Peter Volas of Cleveland Clinic. Photo courtesy of BOMA

Cover Story: Should systems monetize hospitals?

Selling MOBs is common, BOMA panel notes, but what about inpatient buildings? By John B. Mugford In healthcare real estate (HRE), there’s an untapped gold mine of properties awaiting investors who can figure out how to obtain them: acute care hospitals. Therein lies the difficulty, however, as the holders of more than 85 percent of […]

The proposed 18.7-acre oneC1TY campus in Nashville is slated to include medical office buildings like the one shown above. Will the future of HRE include more master-planned healthcare, life science and technology campuses like this one? (Rendering courtesy of oneC1TY, Cambridge Holdings Inc. and ESa Architects)

Cover Story: Forecasting the future

Industry experts discuss the outlook for the healthcare real estate sector By John Mugford To say that healthcare real estate has come a long way in recent years would be a bit of an understatement. All one has to do to illustrate such a point is to peruse the list of sector investor types – […]

Cover Story: When is a hospital not a hospital?

Perhaps when it’s a ‘re-admit facility’ designed to avoid readmission penalties As health systems prepare further for the Patient Protection and Affordable Care Act (PPACA), they must figure out ways to avoid certain potential penalties assessed for excessive readmissions to their hospitals. One member of the audience at InterFace Healthcare Real West 2014 asked a […]