Industry Pulse

Industry Pulse: Hospital Property Tax Exemptions Threatened

Industry Pulse: Hospital Property Tax Exemptions Threatened

More and more municipalities are challenging traditional non-profit property tax exemptions As recently as the early 1990’s, property tax-exempt status for nonprofit organizations, including hospitals, was nearly sacrosanct. Typically, all they needed to do to qualify was to demonstrate that they were “exempt organizations” under section 501(c)(3) of the Internal Revenue Service (IRS) Code.

Industry Pulse: HTA Invested $2.73 Billion In Mob Assets Last Year

Industry Pulse: HTA Invested $2.73 Billion In Mob Assets Last Year

Healthcare Trust of America accounted for nearly 22 percent of 2017 MOB acquisitions As detailed in this month’s Cover Story. “The Year of the Portfolio,” stating on Page 20, medical office building (MOB) sales hit an all time high last year with a total of $12.55 billion, according to commercial real estate data firm Real […]

Industry Pulse: Number Of Uninsured Rose Sharply In 2017

Last year’s 3.2 million uptick was the largest in a decade The number of Americans without healthcare insurance is declining, right? Not anymore. A Gallop poll released Jan. 16, 2018, found that the number uninsured Americans rose sharply between 2016 and 2017, reversing a three-year decline.

Industry Pulse: Chinese Firm Sets Up $1.2 Billion Hre Fund

Industry Pulse: Chinese Firm Sets Up $1.2 Billion Hre Fund

JV to invest in healthcare real estate along Chinese rail lines American investors aren’t the only ones interested in healthcare real estate. Singapore-based Perennial Real Estate Holdings, together with its partners, announced Jan. 3, 2018, that it has set up a $1.2 billion joint venture (JV) vehicle that would acquire and develop large scale and […]

Industry Pulse: 2017 Mob Sales Were On a Record Pace

Industry Pulse: 2017 Mob Sales Were On a Record Pace

Transaction volume was on a pace to top 2015, JLL says The JLL Healthcare Capital Markets group says MOB sales through the end of the third quarter (Q3) of 2017 were on pace to break the annual record set in 2015.

Industry Pulse: HRE Firms See An Even Stronger 2018

Industry Pulse: HRE Firms See An Even Stronger 2018

Straw poll finds that most anticipate further growth As they head into 2018, some of the healthcare real estate (HRE) sector’s leading professionals are bullish about their business prospects for the year ahead.

Industry Pulse: Iret To Sell Entire Mob Portfolio For $417.5m

Industry Pulse: Iret To Sell Entire Mob Portfolio For $417.5m

Harrison Street said to be the buyer of a 29-asset portfolio with 1.3 million square feet As part of its strategic transformation to focus solely on multifamily properties, Minot, N.D.-based IRET (NYSE: IRET), which also has a major office in Minneapolis, announced Nov. 30 that it has agreed to sell its 28-property, 1.3 million square foot […]

Industry Pulse: Merger Mania Strikes As Year Comes To A Close

Industry Pulse: Merger Mania Strikes As Year Comes To A Close

  Three planned healthcare mergers that could have a big impact on real estate are in the works It’s been merger mania recently as three blockbuster healthcare industry deals were announced in late 2017 – all with enormous potential implications for healthcare real estate: ■ Dignity Health and CHI. Offering services at more than 700 […]

Industry Pulse: Mob demand remains high despite uncertainty

Industry Pulse: Mob demand remains high despite uncertainty

Despite uncertainty, MOBs remain hot with investors thanks to favorable demographics Ongoing uncertainty about healthcare will likely persist for an extended period, but positive demographic factors continue to support a growing medical office building (MOB) market.

Industry Pulse: Convergence of Bond Yields Continues

Industry Pulse: Convergence of Bond Yields Continues

Taxable financing is looking comparatively more attractive               How do taxable and tax-exempt rates compare today as a result of the recent headlines surrounding tax reform?

Industry Pulse: MOBs will continue to play a key role

Industry Pulse: MOBs will continue to play a key role

‘Patient-centered’ ambulatory facilities are a strategic focus The “patient-centered ambulatory facility” will play a crucial role in delivering care for the new healthcare consumer. That’s according to Matt Pesesky of The Advisory Board, who was the keynote speaker at the Oct. 26, 2017, Suburban Chicago BOMA conference, “The Evolving Medical Office Building.”

Industry Pulse: Are Speculative MOBs making a comeback?

Industry Pulse: Are Speculative MOBs making a comeback?

More MOB projects are being started without hospital or health system anchors in place Before the onset of the Great Recession, the medical office building (MOB) market was coming into its own as an asset class. MOB sales and development was booming as the sector garnered new attention from investors and capital sources.

Industry Pulse: No longer a novelty, retailization Evolves

Industry Pulse: No longer a novelty, retailization Evolves

Convenience, affordability and access drive on-demand care Although some might still consider healthcare in retail locations to be unusual, it has become a mainstream strategy for many healthcare providers. And now that the novelty has worn off, “retailization” strategies are evolving and becoming more sophisticated.

The 57,250 square foot Harker Heights Medical Pavilion in Killeen,
Texas, is one of the MOBs Rendina has put up for sale.
Photo courtesy of Rendina

Industry Pulse: 10-Asset Rendina Mob Portfolio On The Market

JLL healthcare team is marketing six-state, 10-property, 489,301 square foot portfolio One of the medical office building (MOB) sector’s longstanding, better-known development firms is putting a portfolio of properties on the market at a time when pricing remains as high as It’s ever been.

Industry Pulse: Are Sub-5 Cap rates the new normal? Not likely

Industry Pulse: Are Sub-5 Cap rates the new normal? Not likely

Recent ultra low cap rate transactions were unique situations, Inter Face panelists contend Despite recent medical office building (MOB) portfolio sales that some sources say resulted in capitalization rates of less than 5 percent, those kinds of cap rates are not the new normal in the healthcare real estate (HRE) space.