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Companies & People: How Cornerstone and KKR connected
A Q&A with Cornerstone Companies’ Tag Birge and KKR’s Peter Sundheim By John B. Mugford Call it a classic case of a marriage made in healthcare real estate (HRE) heaven, one that the sector is seeing more and more of these days. One of the parties is a global investment firm and one of the […]
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Feature Story: Lending in the HRE sector remains as active as ever
With systems expanding their outpatient networks and rates low, lots of debt is being issued By John B. Mugford Although there is a strong imbalance between supply and demand in the medical office building (MOB) acquisitions market, plenty of transactions are taking place and lenders are ready to provide loans for deals that make financial […]
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Feature Story: Cash-strapped health systems? Not exactly…
Pandemic pressures haven’t prompted more third-party development, as some had hoped By John B. Mugford A few months after the onset of the COVID-19 pandemic, there was a notion in healthcare real estate (HRE) that the crisis would actually provide more opportunities for HRE developers to finance and own projects. The reason? Because the country’s […]
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Feature Story: Worsened by COVID, behavioral health issues grow
InterFace HRE panelists discuss how the sector can meet facilities demand By John B. Mugford Although the prevalence of mental health issues among adults and young people in the United States has been growing for years, it has accelerated significantly since the onset of the COVID-19 pandemic. By some accounts, the isolation, financial stress and […]
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Feature Story: Amid The Great Reopening, the HRE space remains strong
At the first in-person industry event since COVID, an expert panel discussed the sector’s strengths By John B. Mugford There have been plenty of “state of the industry” panel discussions at healthcare real estate (HRE) conferences over the years, but the one held Aug. 24-25 in Dallas was a little bit different. For starters, the […]
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Feature Story: MOB market newcomers offer interesting perspectives
Some somewhat ‘unfamiliar’ names talked HRE during a recent iGlobal Live panel session By John B. Mugford There has been a flood of new entrants, and new capital, flowing into the healthcare real estate (HRE) space during the past couple of years – particularly into the medical office building (MOB) market. Living proof of that […]
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Companies & People: Five questions with Chris Lashmet and Eric Lee
The pair is leading the new MOB arm of longtime seniors housing brokerage firm Blueprint By Erin E. Porter Chris Lashmet and Eric Lee had already cut their teeth in the healthcare real estate (HRE) sector at Chicago-based Ventas Inc. (NYSE: VTR), one of the largest and most sophisticated institutional HRE investors, when they made […]
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Transactions: MOB sales are lagging a bit in 2021
But industry sources say pending big deals will spur a second-half rally By John B. Mugford The first half of 2021 was rather quiet in terms of medical office building (MOB) sales, according to statistics from two of the research firms that compile healthcare real estate (HRE) facility data. That slow first half could, at […]
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Transactions: Biggest deal of 2021 so far
Nuveen-NexCore acquire MOB and life science portfolio for $620.4M; price for the 27 MOBs was $463M By John B. Mugford After a rather lackluster first half of 2021 for medical office building (MOB) sales, the year’s largest deal to date is grabbing plenty of headlines. And rightly so, as a partnership of Chicago-based Nuveen Real […]
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News Release: HREI opens nominations for 2021 HREI Insights Awards. Entries are due 5 p.m. CDT Friday, Sept. 24, 2021.
Healthcare Real Estate Insights™ magazine announces that entries are now open for the Ninth Annual HREI Insights Awards, recognizing excellence in healthcare real estate. Entries are due 5 p.m. CDT Friday, Sept. 24, 2021. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real […]
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News Release: Healthcare Trust of America, Inc. Announces Leadership Transition
August 3, 2021 Director Peter N. Foss Named Interim President and CEO Lead Independent Director W. Bradley Blair, II Elected as Chairman of the Board Scott D. Peters Resigns as Chairman of the Board, President and CEO NEWS PROVIDED BY Healthcare Trust of America, Inc. Aug 03, 2021, 16:15 ET SCOTTSDALE, ARIZONA, August 3, 2021 – […]
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Feature Story: MOBs keep performing, with occupancy rising to 91.7%
Revista data shows that MOB sales totaled $2.4B in Q2, putting the first -half 2021 total at $4.4B By John B. Mugford The good news continues to build for those involved in the medical office building (MOB) sector, as the product type is showing just how strong it is even as the COVID-19 pandemic continues […]
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Cover Story: The ‘larger-than-life’ lender
Led by the 6-foot-6 Erik Tellefson, one of the HRE sector’s best-known personalities, Capital One is by far the biggest lender in the MOB space By John B. Mugford The COVID-19 pandemic hit with a thump in early 2020, causing a bit of a pause in most business sectors, including healthcare real estate (HRE). Included […]
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May/June 2021
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) 2021 Archives 2020 Archives 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content […]
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Project Case Study: An MOB success story in Texas
Rubicon MOB in Irving shows how HRE opportunities can grow organically By John B. Mugford In the fall of 2020, a transaction involving a 66,605 square foot medical office building (MOB) took place for an undisclosed price and a bit under the radar in Irving, Texas, a Dallas suburb. But what might have appeared to be […]
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News Release: MedProperties Realty Advisors acquires 67,060-square-foot multi-tenant MOB in Glendale, Calif.
The extensively renovated medical office building is located in the growing, thriving Los Angeles market on the campus of CommonSpirit-affiliated Glendale Memorial Hospital GLENDALE, Calif. and DALLAS, Sept. 22, 2021 – MedProperties Fund III has acquired the 67,060-square-foot, Class A Glendale Medical Office Building (MOB) II in Glendale. MedProperties Realty Advisors LLC, a Dallas-based healthcare […]
News Release: Embree Capital Markets Group, Inc. Recent Transactions
EMBREE CAPITAL MARKETS LATEST TRANSACTIONS FRESENIUS KIDNEY CARE LOS ANGELES, CA • 14th Fresenius Transaction • Sold Within 99% of List Price • 2019 Re-Development • 15-Year NAN Lease • 170% Annual Incrcascs KLINTON LEWIS Director Of Brokerage Klenis@EmbreeGroup.com 1-512-819-4729 JOSIAH BYRNES Executive Vice President The full content of this article is only available to […]
News Release: Just Sold – Colorado Life Sciences Conversion
CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS JUST SOLD LAFAYETTE CORPORATE CAMPUS LAFAYETTE, COLORADO TRANSACTION HIGHLIGHTS DATE SOLD: 8/24/2021 SIZE: 293,394 SF # OF BUILDINGS: 5 Lafayette Corporate Campus CBRE Capital Markets | Healthcare and Life Sciences is pleased to announce the sale of the Lafayette Corporate Campus, a 293,394 square foot campus slated for life […]
News Release: Continued South Florida office demand drives $37.25M recent sale
JLL Capital Markets led sales efforts for 3301 Quantum, which serves as a mission-critical facility for NYU’s Grossman School of Medicine and NYU Langone Health MIAMI – Sept. 17, 2021 – JLL Capital Markets announced today that it has closed the $37.25 million sale of 3301 Quantum Blvd., a 100,000-square-foot, single-tenant, triple-net leased property in […]
News Release: Just Closed and Financed – Project Lighthouse Medical Office Portfolio
JLL Healthcare Capital Markets Equity & Debt Placement Just Closed and Financed: Project Lighthouse Medical Office Portfolio The JLL Healthcare Capital Markets Group is pleased to announce the equity and debt placement of Project Lighthouse, a 31-property medical office portfolio totaling 545,813 rentable square feet across 10 states. The institutionally managed portfolio consists of 27 […]
News Release: JLL Income Property Trust Acquires Premier Virginia Medical Office Building
NEWS PROVIDED BY JLL Income Property Trust Sep 16, 2021, 14:30 ET CHICAGO, Sept. 16, 2021 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $4.7 billion in portfolio assets today announced the acquisition of 9101 Stony Point Drive, an 87,000-square-foot, world-class, medical office building […]
News Release: CBRE Announces the Recapitalization and Financing of a Medical Office Portfolio in Atlanta Area
Press Release FOR IMMEDIATE RELEASE Atlanta, Ga. – September 16, 2021 – CBRE has announced a $67 million loan, of which $42 million is for the recapitalization and financing of the RGRE Portfolio, a ten-property medical office portfolio located across the Atlanta MSA, and $25 million is to finance the acquisition of additional assets in […]
News Release: JLL facilitates $245M recapitalization of 31-building healthcare portfolio
Medical office sector continues to be in high demand among investors after sustained positive performance in second quarter NEW YORK – September 15, 2021 – JLL Capital Markets announced today that it has facilitated the $245 million recapitalization and financing of a 31-property medical office building portfolio totaling 545,813 square feet across 10 states. JLL […]
News Release: Recapitalization and Financing – RGRE Portfolio
JUST RECAPITALIZED & FINANCED RGRE PORTFOLIO Recapitalization and Financing CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the recapitalization and financing of the RGRE Portfolio, a 10-property medical office portfolio located across the Atlanta MSA. Zack Holderman, Sabrina Solomiany, Cole Reethof, Chris Bodnar and Lee Asher acted as the exclusive advisors […]
News Release Davis breaks ground for a 16,147-square-foot medical office building in Wayzata, Minn.
News Release The Minneapolis-based healthcare real estate developer will replace a former office building in the downtown area with a state-of-the-art, Class A healthcare facility WAYZATA and MINNEAPOLIS, Minn., Sept. 15, 2021 – Officials from Minneapolis-based Davis held a groundbreaking ceremony Sept. 14 to begin construction of a 16,147 square foot Class A medical office […]
News Release: PMB breaks ground for 60,000 s.f. Emanate Health Medical Arts Building II and Parking Structure
FOR IMMEDIATE RELEASE The facility will bring a comprehensive cancer center, an ambulatory surgery center and clinical space to the master-planned Emanate Health Queen of the Valley Hospital campus WEST COVINA and SAN DIEGO, Calif., Sept. 15, 2021 – San Diego-based healthcare real estate developer PMB has been selected to develop the 60,000-square-foot Emanate Health […]
News Release: JLL facilitates $245M recapitalization of 31-building healthcare portfolio
Medical office sector continues to be in high demand among investors after sustained positive performance in second quarter NEW YORK – September 15, 2021 – JLL Capital Markets announced today that it has facilitated the $245 million recapitalization and financing of a 31-property medical office building portfolio totaling 545,813 square feet across 10 states. JLL […]
News Release: Newmark Advises Global Nephrology Solutions on Strategic $64.9M Portfolio Monetization
New York, NY (September 15, 2021) — Newmark announces that it has advised Global Nephrology Solutions (GNS) on a strategic $64.9M real estate transaction involving 15 dialysis and medical office facilities spanning 160,854 square feet. GNS is one of the largest kidney care platform and management services organizations in the United States. Newmark’s Vice Chairman […]
News Release: CA Health and Science Trust, Inc. Announces $245 Million Partnership with Davidson Kempner and Monarch Alternative Capital
FOR IMMEDIATE RELEASE Platform Swiftly Executes on More Than $50 Million in Acquisitions Following Initial Closing CHICAGO (September 14, 2021) – CA Health and Science Trust, Inc. (“CAHST”), a newly formed and externally managed private real estate investment trust (REIT) focused on the acquisition and development of value-add and core-plus medical office and life science […]
Current Edition
- News Release: Davis announces the sale of the fully occupied Dean Lakes Health building in Shakopee, Minn.
- Life Sciences: City Office REIT Announces Agreements to Sell Life Science Portfolio for $576 Million
- News Release: PMB signs deal with Providence St. Joseph Hospital to develop new on-campus medical building in Orange, Calif.
