Lee Asher

Companies & People: From brokerage to the principal side

By on July 23, 2024

Longtime HRE broker Lee Asher discusses his move to buying assets for Kayne Anderson By John B. Mugford For the past 14 years or so, Lee Asher has been a well-known and highly successful broker of healthcare real estate (HRE) facilities, with a big focus on medical outpatient buildings (MOBs). While serving as the co-founder […]

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Transactions: New JV to fund $300 million of HRE developments

Transactions: New JV to fund $300 million of HRE developments

By on July 17, 2024

Newmark team arranges partnership of Catalyst and Heitman By John B. Mugford It’s being looked upon as almost a “dream team” of a partnership. HREI has learned that Catalyst Healthcare Real Estate, which has become one of the most active developers in healthcare real estate (HRE) in recent years, and Heitman, an investment management firm […]

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Transactions: A early summer sale at a significant price

By on July 2, 2024

Welltower acquires a 103,652 s.f. MOB in Sacramento, Calif., for $45.6 million By John B. Mugford As the medical outpatient building (MOB) sales market continues to languish in a nearly two-year slowdown, a big sale has taken place in Sacramento. Perhaps it is a sign that things are turning around – or, should interest rates […]

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Project Case Study: MedCraft project checks all the boxes

Project Case Study: MedCraft project checks all the boxes

By on June 25, 2024

A 29,500 s.f. MOB in Overland Park, Kan., helps HCA to meet its objectives By John B. Mugford What are health systems looking for when it comes to developing new medical outpatient buildings (MOBs)? As they’ve often said while serving as panelists at many healthcare real estate (HRE) conferences throughout the country, system executives desire […]

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Companies & People: First Citizens remains active, sees ‘positive signs’

Companies & People: First Citizens remains active, sees ‘positive signs’

By on June 18, 2024

HREI talks with Steve Reedy, head of the bank’s Medical Office Banking unit By John B. Mugford Since interest rates began rising quite quickly and steeply starting in March 2022 – and with the U.S. Federal Reserve Bank raising its targeted interest rate 11 times during the subsequent 20 months – the medical outpatient building […]

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The InterFace HRE Carolinas panel discussion included (from left to right): moderator Austin Tyler of Dewey Property Advisors, Scott Bacon of Compass Surgical Partners, Steven Garrett of Atrium Health, Bruce Marshman of Charlotte Eye Ear Nose & Throat Associates and Dan Mendez of Prisma Health. Photo courtesy of InterFace Conference Group

Feature Story: Providers’ latest challenge: How to meet rising demand

By on June 11, 2024

InterFace HRE Carolinas panelists discuss how their organizations are coping By John B. Mugford The outlook has improved for many healthcare providers recently as they have put the monumental impacts of the COVID-19 pandemic behind them and the shock of soaring interest rates and higher costs has waned a bit. But now they face a […]

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The InterFace HRE Carolinas panel discussion included (from left to right): moderator Anthony Sardo of Jones Lang LaSalle Inc., Philip J. “PJ” Camp of Fifth Third Securities Inc., Gerald Quattlebaum of Flagship Healthcare Properties, Matt Poulos of Capital One, Robert Rumer of Anchor Health Properties and Charles Hornberger of Evergreen Medical Properties. Photo courtesy of InterFace Conference Group

Feature Story: MOB buyers are ready to buy, but…

By on June 4, 2024

InterFace HRE Carolinas panelists agree that sales will likely remain slow for a while By John B. Mugford “Volume is down, right? That’s why we’re here. We’re trying to figure out when (the medical outpatient building sales) volume is going to pick up again.” That’s how moderator Anthony Sardo, a director in the Capital Markets […]

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Transactions: Remedy/Kayne JV buys 16 N.C. MOBs from Novant

By on May 28, 2024

Price not disclosed for the 737,347 s.f. first tranche of a 21-MOB deal By John B. Mugford In the current environment of rising costs and tighter operating spreads for health systems, perhaps  growing number of such organizations are ready to start monetizing certain non-core real estate assets to raise capital. For years, healthcare real estate […]

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The “Direct from the C-Suite” panel discussion during the 2024 BOMA Medical Real Estate Conference included (from left to right): moderator Kerrie Bartel-Christensen of CommonSpirit, Andrew Haslem of Providence Health System, Scott Brinker of Healthpeak Properties Inc., Mike Conn of Meridian and Travis Messina of CommonSpirit Health. HREI™ photo

Feature Story: What about the boilers?

By on May 21, 2024

Capital-constrained systems face competing priorities, BOMA panel says By John B. Mugford Sure, health systems throughout the country still want to build the brightest, shiniest, trophy facilities that not only attract patients but provide them with great experiences and keep them coming back. But then again, there are boilers that need to be repaired or […]

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Mike Noto

People and Companies: Mike Noto, mentor and friend to many in HRE, dies at 74

By on May 15, 2024

The former attorney joined Rendina in the late 1990s, staying in the sector until retiring in 2023 By John B. Mugford It is with great sadness that we report the death of Michael A. “Mike” Noto, a well-known, longtime healthcare real estate (HRE) executive and a good friend to so many in the sector, including […]

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Cover Story: Management takes center stage

Cover Story: Management takes center stage

By on May 8, 2024

Operations and leasing are in the spotlight amid a slowdown in deals and development By John B. Mugford For a few brief weeks at the tail end of 2023 and the start of 2024, when it appeared that the U.S. Federal Reserve was planning to reduce interest rates, the hopeful battle cry of the healthcare […]

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News Release: Big Sky Medical Expands Healthcare Footprint with Strategic Acquisition in Booming Austin Suburb

News Release: Big Sky Medical Expands Healthcare Footprint with Strategic Acquisition in Booming Austin Suburb

By on July 25, 2024

CEDAR PARK, TX – July 23, 2024 – Big Sky Medical today announced the acquisition of Baylor Scott & White – Cedar Park, a 38,709 RSF Class A medical outpatient building located in the rapidly growing Austin, Texas metropolitan area. The property is 100% net- leased to Baylor Scott & White Health, Texas’s largest not-for-profit […]

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News Release: Healthpeak Properties Reports Second Quarter 2024 Results and Declares Quarterly Cash Dividend on Common Stock

By on July 25, 2024

DENVER–(BUSINESS WIRE)–Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced results for the second quarter ended June 30, 2024. SECOND QUARTER 2024 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS Net income of $0.21 per share, Nareit FFO of $0.44 per share, FFO as Adjusted of […]

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News Release: Berkadia Negotiates $42.55M Seniors Housing Portfolio Sale In Florida

By on July 25, 2024

TAMPA, FL – July 25, 2024 – Berkadia announced today the sale of a four-property, 334-unit assisted living and memory care portfolio along Florida’s West Coast. Senior Director Brooks Minford of Berkadia Seniors Housing & Healthcare closed the transaction on behalf of two separate sellers. The buyer of all four properties, a Central Florida-based family […]

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News Releases: Triad Group Announces Sale of Watertown's Elm Street Labs

News Releases: Triad Group Announces Sale of Watertown’s Elm Street Labs

By on July 25, 2024

NEWS PROVIDED BY The Triad Group Jul 25, 2024, 14:11 ET BOSTON, July 25, 2024 /PRNewswire/ — The Triad Group announced the sale of its most recent development, “Elm Street Lab’s” in Watertown, MA to Cambridge based Shannon Life Sciences. The 74,670sf property is a new construction state-of-the-art life sciences building that is ready for […]

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News Release: Healthcare Real Estate Advisory Group Appoints Patrick Dwyer as Executive Managing Director

By on July 25, 2024

(Houston, July 2024) The TICI Group of Companies is pleased to announce the appointment of N. Patrick Dwyer as Executive Managing Director, Healthcare Real Estate Advisory and Managing Director, Capital Markets. With over two decades of commercial real estate expertise, he has held positions at several prominent firms, including NAI Ohio Equities, Hplex Solutions, and […]

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News Release: Cushman & Wakefield Advises Sale of Medical Office Building in Bellevue, WA Targeted for New ±150-Room Hotel Redevelopment

News Release: Cushman & Wakefield Advises Sale of Medical Office Building in Bellevue, WA Targeted for New ±150-Room Hotel Redevelopment

By on July 25, 2024

Kauri Investments acquires site in Warburton neighborhood for $6.75 million Eye Clinic of Bellevue completes sale / leaseback of property for a few more years before relocating to larger facility BELLEVUE, Wash. – July 25, 2024 –  Cushman & Wakefield announced the firm has brokered the sale of a freestanding 5,519-square-foot medical office building on a […]

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News Release: CBRE Expands Healthcare Advisory Practice in Denver with Senior Vice President Ken Brown

News Release: CBRE Expands Healthcare Advisory Practice in Denver with Senior Vice President Ken Brown

By on July 25, 2024

Denver – July 25, 2024 – CBRE announced that Ken Brown has joined its Denver office as a Senior Vice President with CBRE’s Advisory Services Healthcare practice. Mr. Brown will partner with Stuart Thomas and Chessa Pike. The team focuses exclusively on the healthcare sector with an emphasis on assisting mental and behavioral health companies […]

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News Release: The St. Joe Company Reports Second Quarter and First Half 2024 Results and Increases Quarterly Dividend by 17%

By on July 24, 2024

Hospitality revenue increased substantially above the prior Company quarterly record achieved in the third quarter of 2023. Hospitality gross margin increased to 39.2% in the second quarter of 2024 as compared to 26.2% in the second quarter of 2023. Hospitality revenue increased by 38%, leasing revenue increased by 19%, while real estate revenue decreased by […]

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News Release: Medical Properties Trust Completes $160 Million Sale of Eight Arizona Facilities

By on July 24, 2024

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced the sale of the 50-bed Arizona General Hospital in Mesa, AZ and seven freestanding emergency department (“FSED”) facilities in the Phoenix metropolitan area to Dignity Health, a wholly-owned subsidiary of CommonSpirit Health, for $160 million. The sale price and current cash […]

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News Release: Sila Realty Trust, Inc. Announces Final Results of Modified “Dutch Auction” Tender Offer

By on July 24, 2024

TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (NYSE: SILA) (“Sila”, the “Company”, “we” or “us”), a net lease real estate investment trust (“REIT”) with a strategic investment focus on the significant, growing, and resilient healthcare sector, today announced the final results of its modified “Dutch Auction” tender offer (the “Offer”) to purchase for cash up to […]

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News Release: Montecito Medical Acquires Urology Clinic Property in Jacksonville, FL

News Release: Montecito Medical Acquires Urology Clinic Property in Jacksonville, FL

By on July 23, 2024

FOR IMMEDIATE RELEASE Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 16,500-square-foot medical office property in Jacksonville, Florida. The building, which includes specialized imaging space, is fully occupied by McIver Clinic, a leading specialty provider in the Jacksonville area. “We are delighted to acquire this outstanding real […]

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News Release: Just closed - Panama City, FL

News Release: Just closed – Panama City, FL

By on July 23, 2024

Montecito Medical acquires eye center property in North Florida. Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 27,000-square-foot medical office property in Panama City, Florida. The building, which includes a surgery center for LASIK and cataract surgical procedures, is fully occupied by the Eye Center of North Florida. “We are […]

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BEIGENE

News Release: BeiGene Opens Flagship U.S. Biologics Manufacturing and Clinical R&D Facility, Continues Global Expansion to Deliver Medicines to More Patients Around the World

By on July 23, 2024

Jul 23, 2024 7:00 AM $800 million investment in New Jersey supports global growth and expansion with technologically advanced manufacturing capacity and clinical development capabilities for novel cancer medicines HOPEWELL, N.J.–(BUSINESS WIRE)– BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160; SSE: 688235), a global oncology company, today announced the opening of its flagship U.S. facility in Hopewell, […]

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News Release: Alexandria Real Estate Equities, Inc. Reports: 2Q24 and 1H24 Net Income per Share – Diluted of $0.25 and $1.22, respectively; and 2Q24 and 1H24 FFO per Share – Diluted, as Adjusted, of $2.36 and $4.71, respectively

By on July 22, 2024

PASADENA, Calif., July 22, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the second quarter ended June 30, 2024. Key highlights Operating results 2Q24 2Q23 1H24 1H23 Total revenues: In millions $        766.7 $        713.9 $      1,535.8 $      1,414.7 Growth 7.4 % 8.6 % Net income attributable to Alexandria’s […]

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News Release: Bremner Healthcare Real Estate celebrates completion of new ambulatory care center in Norman, OK

News Release: Bremner Healthcare Real Estate celebrates completion of new ambulatory care center in Norman, OK

By on July 22, 2024

INDIANAPOLIS – (July 22, 2024) Indianapolis-based Bremner Healthcare Real Estate is proud to celebrate the opening of its recently completed 135,000-square-foot ambulatory care center (ACC) at the Norman Regional HealthPlex in Norman, OK. This new facility was seamlessly integrated into the existing hospital patient tower which will now serve as Norman Regional Health’s flagship. The […]

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