Industry Pulse

INDUSTRY PULSE: REVISTA RELEASES FIRST TOP 50 METRO RANKINGS

INDUSTRY PULSE: REVISTA RELEASES FIRST TOP 50 METRO RANKINGS

The New York metro area is first in several categories, including total square footage The healthcare real estate (HRE) data firm Revista recently released its first-ever “Top 50 Metro Rankings Report for Medical Real Estate.” Here were the top 10 metros, ranked in order of the total number of medical properties:

ON THE RECORD: What attributes is your system looking for in a medical office building?

ON THE RECORD: What attributes is your system looking for in a medical office building?

“We’re looking for access and visibility… for more flexible space, so we have a nice grid we can manipulate as time goes by and things change. Definitely good accessibility for ADA and elderly patients.

INDUSTRY PULSE: MOB SALES HEADED FOR ANOTHER RECORD

INDUSTRY PULSE: MOB SALES HEADED FOR ANOTHER RECORD

RCA says that first-half sales topped $7.2B; JLL says $5.5B There’s a good chance that medical office building (MOB) sales in 2017 will top the all-time record. No matter who is compiling the data, it is clear that 2017 is on a record-setting pace after a remarkable first half of the year. Commercial real estate research firm Real Capital Analytics Inc. […]

INDUSTRY PULSE: DETAILS EMERGE ON CBRE GIP ACQUISITION

INDUSTRY PULSE: DETAILS EMERGE ON CBRE GIP ACQUISITION

RCA says the deal was slightly larger than first announced More details have emerged in the large medical office building (MOB) portfolio acquisition that was announced Aug. 16 by Los Angeles based CBRE Global Investment Partners (CBRE GIP), an independently operated affiliate of CBRE Group Inc. (NYSE: CBG).

ON THE RECORD: What is the outlook for medical real estate in the coming years?

ON THE RECORD: What is the outlook for medical real estate in the coming years?

“The steep increase in the 65+ population and anticipated greater need for in-office physician services by this group signals a continued increase in demand for healthcare services and medical office space in the years ahead.” 

INDUSTRY PULSE: HRE PROPERTIES ESCAPED MUCH HURRICANE DAMAGE

INDUSTRY PULSE: HRE PROPERTIES ESCAPED MUCH HURRICANE DAMAGE

How did Hurricane Harvey affect healthcare real estate in the Greater Houston area? When one thinks of the Houston healthcare market, one immediately thinks of the 1,345-acre Texas Medical Center (TMC), the world’s largest medical center – and home to some of the world’s most valuable healthcare real estate. So did the TMC, southwest of flood-ravaged downtown Houston, […]

ON THE RECORD: What are your thoughts as you transition into a new role with Ventas?

ON THE RECORD: What are your thoughts as you transition into a new role with Ventas?

“This is another inflection point in my journey in the world of healthcare real estate, and I look forward to supporting the transition and to working closely with the Ventas and Lillibridge teams to continue leveraging our success, I am proud of what we accomplished over the past 25+ years, and I want to express my sincere thanks to the people who have helped me build this great company.” 

Christus Santa Rosa Medical Center Tower II
was one of the acquisitions.
Photo courtesy of Ackerman & Co.

INDUSTRY PULSE: TRIO ACQUIRES SAN ANTONIO MOB PACKAGE

Investors plan to make $27M in capital improvements A trio of firms focused on healthcare real estate (HRE) in August closed on the acquisition of portfolio of four large medical office buildings (MOBs) on hospital campuses in the San Antonio market. The partnership comprises: Bostonbased MLL Capital; Chevy Chase, Md.- based Artemis Real Estate Partners; and Atlanta-based Ackerman & Co., which will provide property management […]

One of Welltower’s acquisitions was Cedar
Park (Texas) Medical Building C.
Photo courtesy of HTH Capital

INDUSTRY PULSE: WELLTOWER MADE BIG Q2 MOB ACQUISITIONS

The REIT racked up $292M in acquisitions, developments Though not quite on HTA’s scale, Welltower Inc. (NYSE: HCN) was another big buyer during Q2. The Toledo, Ohiobased REIT made total investments of $292 million during the quarter, according to a news release detailing the firm’s most recent quarterly results. Welltower officials also provided highlights from Q2 during an earnings call with analysts on […]

ON THE RECORD: Why did your MOB portfolio perform better during the second quarter?

ON THE RECORD: Why did your MOB portfolio perform better during the second quarter?

Doctors are a little more comfortable staying where they are and they’re signing a little more longer-term on their leases.

Jim Bremner

Industry Pulse: New firm brings Bremner name back to HRE sector

Jim Bremner joins two other former Duke Realty executives launch new HRE development firm One of the most familiar names in healthcare real estate (HRE) is back in the game. Jim Bremner has reunited with two former Duke Realty (NYSE: DRE) colleagues, Bill Mooney and Ron Penix, to form Bremner Real Estate. The new Indianapolis-based HRE development firm opened for business in early July. In […]

One of the MOBs HTA acquired was the 75,000 square foot Baylor
Scott & White McKinney (Texas) Professional Office Building 2.
Photo courtesy of Duke Realty

INDUSTRY PULSE: HTA’S BIG Q2 BOOSTS ITS PORTFOLIO BY 34 PERCENT

Acquisitions from Duke Realty and others have made it the nation’s largest MOB owner To say that the second quarter (Q2) was a big one for Scottsdale-based Healthcare Trust of America Inc. (NYSE: HTA) would be quite an understatement, as the company’s investments increased the size of its portfolio by about 34 percent and propelled it to […]

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Industry Pulse: More details emerge on CBRE Global Investors’ massive medical office portfolio acquisition

LOS ANGELES — More details have emerged in the large medical office building (MOB) portfolio acquisition that was announced Aug. 16 by Los Angeles-based CBRE Global Investment Partners (CBRE GIP), an independently operated affiliate of CBRE Group Inc. (NYSE: CBG). (CBRE GIP invests on behalf of its clients, not for any CBRE entity, and it operates independently […]

Industry Pulse: Top 10 healthcare real estate stories of 2017 (so far)

Industry Pulse: Top 10 healthcare real estate stories of 2017 (so far)

As the first half of 2017 comes to a close, Healthcare Real Estate Insights takes a look back at the top 10 healthcare real estate news stories so far this year. 1. HTA agrees to buy Duke Realty’s healthcare real estate portfolio, business Rumors of a potential sale were confirmed May 1 when Healthcare Trust […]

Industry Pulse: Are foreign investors poised to buy U.S. MOBs?

Industry Pulse: Are foreign investors poised to buy U.S. MOBs?

The time is ripe if senior housing is any indication, new JLL report contends BOSTON – It  appears to be only a matter of time before a foreign investor makes a headline-grabbing acquisition of a large U.S. medical office building (MOB) portfolio, according to a new report from the Boston-based Healthcare Capital Markets team with Chicago-based Jones Lang […]