This 72,000 MOB at 155 Crystal Run Road in Middletown, N.Y., was one of the properties acquired by Starwood Property Trust. (Photo courtesy of Crystal Run Healthcare)

News Release: Capital One closes $534.9M loan to finance Starwood Property Trust MOB portfolio acquisition

FOR IMMEDIATE RELEASE Capital One Closes $534.9 Million Loan to Finance Acquisition of Medical Office Building Portfolio Bethesda, Md. (January 30, 2017) – Capital One announced today that it served as lead arranger and bookrunner for a $534.9 million loan used to acquire a portfolio of 34 medical office buildings—one of the largest medical office building […]

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680 N. Lake Shore Drive in Chicago includes 493,064 square feet of medical office, office and retail space, plus a 331-space parking garage. (Photo courtesy of TopMed Realty)

News Release: TopMed Realty acquires medical office, retail and public garage components of 680 North Lake Shore Drive

TopMed Realty forms joint venture with Golub & Company in the medical and university corridor of downtown Chicago’s Streeterville neighborhood TopMed Realty is pleased to announce the acquisition of the commercial component of 680 North Lake Shore Drive (“680”), representing 493,064 square feet of commercial space, as well as 331 public garage parking spaces. Golub & Company, which […]

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Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2017 HREI Resource Guide

Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2017 HREI Resource Guide

Reach 5,000+ Hospital and Health System Real Estate Decision Makers with the 2017 HREI Resource Guide™ Since 2008, hospital and healthcare executives have turned to the HREI Resource Guide™ when they have needed healthcare real estate services. Don’t miss this once-a-year opportunity to keep your firm top of mind with these qualified prospects    both in […]

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Current Edition: December 2016

Current Edition: December 2016

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles)     2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is only available to paid subscribers. […]

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Community Health Systems (CHS) Inc. announced Dec. 22 that it sold 10 medical office buildings to HCP Inc. for $163 million. That transaction was part of an ongoing effort by CHS to reduce debt and divest itself of smaller, rural hospitals, such as Merit Health Gilmore Memorial (above) in Amory, Miss., one of four hospitals it said in September 2016 that it had agreed to sell. (Photo courtesy of Merit Health)

Transactions: HCP Inc. acquires 10 MOBs from CHS

REIT pays $163 million in sale-leaseback deal as provider seeks to reduce debt By Murray W. Wolf On Dec. 22, 2016, just as this edition of Healthcare Real Estate Insights™ was going to press, Community Health Systems Inc. (NYSE: CYH) announced one of the year’s largest medical office building (MOBs) monetizations. The Franklin, Tenn.-based, for-profit […]

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Publicly traded HCP recently acquired the Kingwood Medical Arts building outside of Houston from Origin Investments, which had purchased the building out of bankruptcy in 2012. (Photo courtesy of Transwestern)

Transactions: Value-add MOB nets a nice profit

Transwestern handles sale to HCP as Origin Investments reaps a healthy return By John B. Mugford In what can be considered a classic value-add success story in the healthcare real estate (HRE) acquisitions market, Chicago-based Origin Investments recently sold a medical office building (MOB) in Kingwood, in the northern suburbs of Houston, for a solid […]

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The 104,000 square foot Triad Medical Center is planned for a site adjacent to a large outpatient campus as well as a growing live-work community in Alpharetta, Ga. (Rendering courtesy of Triad Properties)

Outpatient Projects: Triad plans new MOB in Atlanta area

Project is proposed near medical campus in growing Alpharetta, Ga., community By John B. Mugford If there was a hot site to develop a new medical office building (MOB) in Alpharetta, Ga., a growing community about 25 miles north of Atlanta, it would undoubtedly be near: ■ Avalon, a still-emerging 86-acre live-work community; ■ the […]

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Work is underway on a 197-bed behavioral health hospital in Erlanger, Ky., in the suburbs of Cincinnati. Like in many areas throughout the country, demand is strong in northern Kentucky for such facilities. (Rendering courtesy of St. Elizabeth Healthcare)

Inpatient Projects: Behavioral facility set near Cincy

With demand growing in northern Kentucky, local, national group working on facility By John B. Mugford While many healthcare industry observers believe that the number of general inpatient hospital beds will continue to fall in the years to come, they note that demand for behavioral medical services, as well as the number of beds needed […]

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The National Investment Center for Seniors Housing & Care (NIC), which tracks occupancy rates and other metrics for senior housing, says that the average third quarter occupancy rate of 89.8 percent equaled its three-year average rate. (Chart courtesy of NIC)

Post-Acute & Senior Living: Occupancy not so bad after all

NIC says senior housing sector looks to have stabilized, for now, despite fears By John B. Mugford Despite concerns about overbuilding and low occupancies, the senior housing market looks to be holding up rather well, especially the independent living sector, according to third quarter (Q3) 2016 data from Bethesda, Md.-based National Investment Center for Seniors […]

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Industry Pulse: Interest rate increases not seen as likely to have a big impact on HRE

Industry Pulse: Interest rate increases not seen as likely to have a big impact on HRE

Healthcare real estate sources say that slightly higher capital costs will probably do little to cool the market The Federal Reserve began cutting interest rates in September 2007 in growing recognition of the magnitude of the financial crisis. Rates were gradually reduced to historically low levels. The federal funds rate hit an unprecedented 0.25 percent […]

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For Sale: New Listing – 100% Occupied Core Retail/Medical Investment Property

  The Property Colliers International is pleased to present the100%-occupied, core Retail/Medical Investment property prominently located on Fairmont Parkway in Pasadena, the second largest city in Harris County and a suburb of Houston, Texas. Investment Highlights Property Size – 29,114 SF Buildings – 2 Acreage – 3.329 Occupancy – 100% Reliable, Long-Term Tenants Highly Visible […]

News Release: UCHealth’s new outpatient health center to provide primary care, specialty care and a surgery center for Denver, Cherry Creek residents

Five-story building with four-level underground parking garage at 100 Cook Street brings access to advanced care and clinical trials close to home Aurora, Colo. (February 16, 2017) – Patients throughout Cherry Creek and metro Denver will soon have access to additional health care options, close to home, at UCHealth’s new health center at the intersection […]

For Sale: Medical Suites Available Near HonorHealth Shea

Edwards Professional Park II Stable ownership is motivated to do deals! Five, two story buildings in close proximity to HonorHealth Scottsdale Shea Medical Center & Mayo Clinic. Many retail and restaurant amenities nearby Availability: Suite 113: 6,024 RSF (Partially built-out high-end radiology center) Suite 202: 992 RSF (Grey Shell) Suite 204: 1,090 RSF (Medical) Contiguous […]

News Release: Medical Office Sales at Near Record in 2016

JLL research reports that medical office sales in 2016 were $7.64 billion, the second highest year on record, following the breakout year of 2015 with $9.03 billion in sale volume. Sales Highlights Key Points: Sales of medical office buildings and outpatient care facilities exceeded all prior years except for 2015, providing solid support to the […]

HCI Presents Solutions to Four Common Traps Preventing Successful Use of BIM in Healthcare Operations & Maintenance

Four Traps Slowing Utilization of BIM in Today’s Healthcare Operations is Third in the Popular White Paper Series February 16, 2017 – The number of healthcare owners receiving building information modeling (BIM) data following construction is rising and, with it, confusion about how best to apply this data to improving the building lifecycle. Healthcare organizations […]

News Release: Groundbreaking held for first phase of healthcare campus in Downtown

News Release: Groundbreaking held for first phase of healthcare campus in Downtown

Los Angeles, California –February 16, 2017 – Commercial real estate investment firm Robhana Group, and development firm Inception Property Group, held a groundbreaking ceremony for a new, state-ofthe-art, 60,000 square foot outpatient medical office building and supporting parking structure at Washington Blvd. and Hoover St. at the I-110/I-10 freeway intersection, in the Pico-Union area of […]

News Release: Caddis to begin developing second senior living community in Georgia

The Heartis® independent living, assisted living and memory care residence in Suwanee near Atlanta will offer a wide variety of amenities and special services WANEE, Ga., and DALLAS, Feb. 15, 2017 – In a continuation of a major expansion into the Southeastern United States, Caddis™, a national healthcare real estate firm headquartered in Dallas, will […]

News Release: Montecito Medical Announces Office Relocation to Accommodate Growth and Expansion

NASHVILLE, Tenn., February 14, 2017 – Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has moved its headquarters from Brentwood, Tenn., to a larger space in Nashville, Tenn., to support the significant growth the company has realized over the last few years. Montecito Medical’s continuing expansion is due in […]

Laura Kaiser (Photo courtesy of Intermountain Health)

News Release: SSM Health Names Laura Kaiser as Next President and CEO

February 14, 2017 05:00 PM Eastern Standard Time ST. LOUIS–(BUSINESS WIRE)–Following a nationwide search, the SSM Health Board of Directors has selected Laura Kaiser as the health system’s new President/Chief Executive Officer. Kaiser will begin with SSM Health on May 1 and replace William P. Thompson, who will retire at the end of April after […]

News Release: NGKF Phoenix – Healthcare Real Estate News, Q4 2016

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News Release: CBRE Q4 2016 Reno, NV Investment Market Update

Reno Market Wraps a Solid 2016 Performance Contact Information Aiman Noursoultanova, CCIM +1 775 823 6983 aiman.noursoultanova@cbre.com   The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE Existing Users Log InUsernamePassword Remember Me  Forgot password? Click here to resetNew User? Click […]

News Release: SUNY Upstate Medical University Celebrates Opening of Cord Blood Bank with Ribbon Cutting Ceremony

Award-winning architects Francis Cauffman designed the daylit, energy-efficient facility—one of only two public cord blood banks in New York State—to reveal the important purpose and value of stem cell research SYRACUSE, NY – SUNY Upstate Medical University today celebrated the opening of its Upstate Cord Blood Bank, designed by Francis Cauffman. This state-of-the-art 20,000-sq.-ft. facility, […]

Key-Whitman Eye Center, Dallas (Photo courtesy of Key-Whitman Eye Center)

News Release: Just Sold: Key-Whitman Eye Center

The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Key-Whitman Eye Center in Dallas, Texas. Sale Date: January 30, 2017 Building Size: 35,709 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Key-Whitman Eye Center (the “Property”) in Dallas, Texas. Lee Asher and Chris Bodnar of […]

News Release: MedEquities Realty Trust Makes $12.5 Million Investment In Acute Care Surgical Hospital In Houston

News Release: MedEquities Realty Trust Makes $12.5 Million Investment In Acute Care Surgical Hospital In Houston

NEWS PROVIDED BY MedEquities Realty Trust, Inc. Feb 07, 2017, 06:30 ET NASHVILLE, Tenn., Feb. 7, 2017 /PRNewswire/ — MedEquities Realty Trust, Inc. (NYSE: MRT) announced it has made a $12.5 million investment in an acute care surgical hospital in Houston, Texas. The investment is in the form of a newly originated interest-only loan with […]

Foster City Medical Pavilion in Foster City, Calif. (Photo courtesy of CBRE)

News Release: Just Sold: Foster City Medical Pavilion

Just Closed: Foster City Medical Pavilion The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Foster City Medical Pavilion (the “Property”) in Foster City, California. Chris Bodnar and Lee Asher of the CBRE  U.S. Healthcare Capital Markets Group partnered with Seth McKinnon and Scott Prosser in the Northern California market to act […]