Industry Pulse

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.

Facing shareholder pressure, Tenet Health
Corp. is said to be considering a sale.
Photo courtesy of Tenet Health

Industry Pulse: Tenet said to be considering a sale

System working with bankers to “explore strategic options” Citing “people familiar with the matter,“ the Wall Street Journal has reported that Tenet Healthcare Corp. (NYSE: THC) is “exploring its strategic options,” including a possible sale of the hospital company,

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 […]