HREI TV: Dollars that Make Sense to Healthcare Systems
Please click on this link to play the video: U.S. – Dollars that Make Sense to Healthcare Systems Healthcare systems are at a cross-roads with revenues declining and costs increasing; the industry needs a solution now. Peter Bulgarelli, Chief Operating Officer, Jones Lang LaSalle, discusses the Real Estate Performance Model his firm created that categorizes the [...]
Colony Development Partners Sells Harris Medical Park for $11.4 Million
On Campus Medical Office Building in Western NC Sold to Grubb & Ellis Healthcare REIT II Colony Development Partners, LLC, announced the recent sale of a 45,000 square foot, Class A, single-tenant medical office building in Sylva, North Carolina which had been developed by Colony Development Partners. The property sold for $11.4 million dollars to [...]
HRE Capital handles Florida Orthopedic Institute sale/leaseback
HRE Capital is pleased to announce the completion of the following transaction Transaction Overview Healthcare Real Estate Capital LLC (“HRE Capital”) was selected as the exclusive financial advisor to the Florida Orthopedic Institute (“FOI” or “Practice”) related to the disposition of a 16,600 square foot ambulatory surgery center (“ASC”) located in Tampa, Florida. The ASC, [...]
HTA acquires North Carolina MOB
Healthcare Trust of America, Inc. Acquires an Approximately 153,000 Square Foot Medical Office Park in Cary, North Carolina SCOTTSDALE, Ariz., Jan. 3, 2011 /PRNewswire/ — Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a medical office park in Cary, North Carolina for approximately $28,200,000. The [...]
Ventas subsidiary Lillibridge acquires ThedaCare portfolio
Ventas Acquires Medical Office Building Portfolio Totaling 225,000 Square Feet Transaction Represents Ventas’s First Medical Office Acquisition Under New Lillibridge Platform CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas”) said today that its wholly owned subsidiary, Lillibridge Healthcare Services, Inc. (“Lillibridge”), has acquired a portfolio of five class “A” medical office buildings totaling 225,000 square feet on [...]
Deals demand proper due diligence: HEALTHCARE BUYERS CAN AVOID LEGAL PROBLEMS IF THEY DO THEIR HOMEWORK
By Douglas A. Hastings and David E. Matyas As Wall Street’s enthusiasm for investing in healthcare organizations continues to swell and as recent state and federal laws and investigations have raised the stakes associated with healthcare entities’ operations, it is more important than ever that attorneys working on healthcare transactions be familiar not only with [...]
Financing & Investment (January 2006)
Beverly Enterprises Inc. (NYSE: BEV) of Fort Smith, Ark., announced Nov. 21 that financing commitments related to its previously reported merger process had been fulfilled, including receipt of a $350 million equity commitment and a $50 million letter of credit. The company has entered into an amended merger agreement at a revised all-cash price of $12.50 per share. Under the amended agreement, Fillmore Strategic Investors LLC, an affiliate of Fillmore Capital Partners – a private equity firm focused on investments principally in the lodging and healthcare sectors – will replace North American Senior Care (NASC) and its affiliates as the acquiring entity.
Off to a running start: GRANITE PARTNERS RACKS UP IMPRESSIVE NUMBERS
By the year 2003, New York-based Granite Partners LLC, a national real estate investment banking firm, was humming along rather nicely. In fact, since the company’s founding in 1996 by veteran real estate investment banker John D. Lyons, Granite Partners, which provides a variety of real estate investment banking services for clients, has been involved in billions of dollars worth of transactions. For the coming year – 2006 – Granite projects that its overall transaction activity will total between $3.5 billion and $4 billion. But 2003 marked the start of something new for Granite Partners. That’s when the company first entered the healthcare arena, and the firm has been going strong in such endeavors ever since.