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Feature Story: The HRE sector is busier than you might think

The credit crunch continues, but many deals and developments are still getting done By John B. Mugford Perhaps the main thing holding back the healthcare real estate (HRE) sector, especially when it comes to property acquisitions, is a dearth of lenders willing to provide debt, according to a panel of HRE veterans at the recent […]

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Feature Story: Providers still looking to expand despite hard times

Hospital and health system executives on InterFace conference panel discuss strategies, concerns By John B. Mugford Just how bad are the financial difficulties currently facing the nation’s hospitals and health systems? As one health system real estate executive put it during the InterFace Healthcare Real Estate (HRE) Conference on Sept. 7 in Dallas, “Okay, interest […]

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The InterFace Healthcare Real Estate conference investment panel included (from left to right): John Fry, SVP- Acquisitions, Rendina Healthcare Real Estate; Ryan Crowley, SVP, Investments, Healthcare Realty; Alex Bell, Partner, Catalyst Healthcare Real Estate; Eric Lee, Managing Director Medical & Life Sciences, Berkadia Real Estate Advisors LLC; Chris Morgan, Senior Manager, Investments, Big Sky Medical; and the moderator, Andy Dow, Shareholder, Member of Board of Directors and Chair, Real Estate Industry Group, of Winstead PC.
HREI™ photo

Feature Story: When will MOB sales bounce back?

Probably not before the elections of 2024, according to an InterFace panel By John B. Mugford On the surface, the current state of the medical office building (MOB) investment market is about as slow as it’s been for years, maybe decades. “The first half of the year volume was down … anywhere from 66 to […]

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Connor Childress

Companies & People: Making noise during a quiet time

Crown MedRealty’s Connor Childress discusses its recent purchases, strategy By John B. Mugford Kansas City, Mo.-based Crown MedRealty Partners certainly hit the ground running after its launch in 2021. In its first 12 months, the firm focused on acquiring medical office buildings (MOBs) of various sizes and in large and small markets throughout the country, […]

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Companies & People: Thomas Park is ready to keep investing

Companies & People: Thomas Park is ready to keep investing

In a Q&A, Alex Kopicki, chief investment officer, discusses the firm’s growth, prospects By John B. Mugford Annapolis-based Thomas Park Investments (TPI) grabbed a headline in HREI last week, as the 2-1/2-year-old investment firm focused on healthcare real estate (HRE) facilities acquired a complex of two medical office buildings (MOBs) with a combined 124,213 square […]

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REIT Report: Patient and prudent, not stagnant

REIT Report: Patient and prudent, not stagnant

Deals might be slow now, but Physicians Realty Trust is optimistic about the future By John B. Mugford During a time of rising interest rates, harder-to-obtain debt for acquisitions, and a larger-than-normal pricing gap between what buyers would like to pay and what sellers would like to receive, medical office building (MOB) sales have dropped […]

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Feature Story: MOB rental rate growth plateaus, but remains strong

Feature Story: MOB rental rate growth plateaus, but remains strong

Revista presenters break down market statistics, including a look at MOB development By John B. Mugford Editor’s note: Last week, HREI reported on Revista’s Second Quarter (Q2) Subscriber Webcast, primarily focusing on data that was shared about the national investment market. This week, we take a closer look at individual geographic markets in terms of […]

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Feature Story: First-half MOB sales volume drops drastically

Revista provides Q2 market update; lender says cap rates are now in the 6-6.5% range By John B. Mugford It goes without saying that nearly everyone involved in the medical office building (MOB) sector suspected that the sales volume is off to quite a slow start in 2023. Even so, the depths to which the […]

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People & Companies: Remembering Bob Rosenthal, an HRE ‘pioneer’

People & Companies: Remembering Bob Rosenthal, an HRE ‘pioneer’

Founder and longtime president of PMB passed away on July 3 at the age of 91 By John B. Mugford As far as Mark Toothacre is concerned, the most influential and positive person in his life has been his wife, Alice, to whom he has been married 34 years. Next on the list is Robert […]

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Transactions: What’s happening with MOB sales?

Transactions: What’s happening with MOB sales?

James A. Schmid III of Anchor Health Properties discusses the market By John B. Mugford Anytime you want straight answers about the current state of the medical office building (MOB) sector, especially in terms of acquisitions, a good person to ask is James A. Schmid III, the chief investment officer and managing partner with long-time […]

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Feature Story: Systems still approving projects, but with more scrutiny

Executives at InterFace discuss the challenges of preserving capital while still growing By John B. Mugford The moderator of a recent panel session exploring the outlook for hospitals and health systems, including their plans for their real estate, cut right to chase. The first question that Gordon Soderlund, executive VP of strategic relationships with Charlotte-based […]

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The InterFace HRE Carolinas development panel featured (from left to right): Tommy Catone of Summit Healthcare, moderator Laura Cardner of Healthcare Realty, Alan Jenkins of Meadows & Ohly, Bret Muller of Capital Associates and John Stubbs of Davis Moore.
Photo courtesy of InterFace Conference Group

Feature Story: Developers need to ‘add value’

InterFace Carolinas panelists say higher costs have changed the game By John B. Mugford According to statistics, healthcare real estate (HRE) development is on the rise throughout the country. As noted in the “What’s Trending?” feature at the bottom of this edition of the HREI™ weekly e-newsletter, a recent report from the U.S. Healthcare & […]

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Feature Story: Are MOB sales steadying, rising?

It’s a tough market, but InterFace Carolinas conference panelists are optimistic By John B. Mugford Despite the fact that the national medical office building (MOB) sales volume in the first quarter (Q1) marked the lowest quarterly volume in a decade or so, there are signs – albeit anecdotal – that momentum is picking up. “I […]

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Transactions: Montecito remains bullish on MOBs

Firm recently acquired seven MOBs totaling more than 239,000 s.f. in six states By John B. Mugford A slow medical office building (MOB) sales market during the past six months or so has not slowed one of the sector’s most prolific private investors. Nashville, Tenn.-based Montecito Medical Real Estate has acquired 68 MOBs for a […]

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Transaction Case Study: Second-chance deal gives Atkins an opportunity

Value-add MOB includes medical conversion; Avison Young was the broker By John B. Mugford Due to rising interest rates and the tight lending market, getting deals done in today’s market can be challenging in any commercial real estate (CRE) asset class – even the ever-resilient healthcare real estate (HRE) sector. As a result, the investors […]

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Chris Bodnar

Companies & People: Q&A with CBRE’s Chris Bodnar, BlackBirch’s Dan McNulty

A new partnership between the firms is already working on deals By John B. Mugford Last week, HREI™ reported that six months or so after officially leaving CBRE Group Inc. (NYSE: CBRE), Chris Bodnar, a long-time, well-known healthcare real estate (HRE) facilities broker, has returned to the company in a new but somewhat related role. […]

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News Release: Longfellow Launches Via Labs Branding & Vision at Hub RTP Project with Upcoming Life Science Development

News Release: Longfellow Launches Via Labs Branding & Vision at Hub RTP Project with Upcoming Life Science Development

Longfellow is set to develop more than 265,000 square feet of lab and office space within the revolutionary campus Research Triangle, NC (September 21, 2023) – Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings, unveiled Via Labs at Hub RTP as the new name and brand of its […]

News Release: Newmark Closing Announcement -- Multi-City Florida

News Release: Newmark Closing Announcement — Multi-City Florida

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News Release: Anchor Health Properties Celebrates Groundbreaking  of Tampa General Hospital’s New Behavioral Health Hospital

News Release: Anchor Health Properties Celebrates Groundbreaking of Tampa General Hospital’s New Behavioral Health Hospital

(Tampa, FL), Sept. 21, 2023 – Building upon the company’s proven track record of delivering dynamic, patient-centric healthcare facilities in the Tampa Bay area, Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management and investment company focused exclusively on medical facilities, recently celebrated the groundbreaking of a new four-story inpatient behavioral health hospital […]

News Release: RYAN COMPANIES COMPLETES PRAIRIECARE YOUTH AND YOUNG ADULT PSYCHIATRIC HOSPITAL EXPANSION AHEAD OF SCHEDULE

News Release: RYAN COMPANIES COMPLETES PRAIRIECARE YOUTH AND YOUNG ADULT PSYCHIATRIC HOSPITAL EXPANSION AHEAD OF SCHEDULE

Early completion allows PrairieCare to accommodate the additional needs for hospital beds in September   BROOKLYN PARK, Minn. (Sept. 21, 2023) – After breaking ground in August 2022, Ryan Companies US, Inc. – a national commercial real estate solutions provider – announces the completion of PrairieCare’s youth and young adult psychiatric inpatient hospital expansion. Finishing […]

News Release: H2C Executes $67M Bridge Loan for Senior Living Owner/Operator

NEW YORK — H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive advisor to Quality Life Services (“QLS” or “Company”) in the execution of a bridge loan to refinance the debt associated with the Company’s portfolio of 10 skilled nursing and senior living facilities (the “Properties”). The effects […]

News Release: Plaza Companies, Ryan Companies Sell  Prominent East Valley Medical Office Building

News Release: Plaza Companies, Ryan Companies Sell Prominent East Valley Medical Office Building

QUEEN CREEK, Arizona (September 20, 2023) — One of the East Valley’s newest and most successful medical office buildings is changing ownership. Plaza Companies and Ryan Companies have sold Ironwood Medical Pavilion on the Banner Ironwood Medical Center campus in Queen Creek to Hammes Partners in a $23.325 million transaction. Plaza Companies will remain a […]

News Release: $43.24M in financing secured for 86-unit assisted living and memory care community in California

JLL Capital Markets led financing efforts for Varenita of Westlake SEATTLE, Sept. 20, 2023–  JLL Capital Markets announced today that it arranged $43.24 million in financing for Varenita of Westlake, an 86-unit assisted living and memory care community in Thousand Oaks, California. JLL represented the borrower, Westlake Senior Living, Center, LLC, to secure the five-year loan […]

News Release: Montecito Medical Acquires Medical Office Property in Milwaukee Area

News Release: Montecito Medical Acquires Medical Office Property in Milwaukee Area

NASHVILLE, Tenn., Sept. 20, 2023 –(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 12,600-square-foot medical office building in West Allis, Wisconsin. The Lincoln Avenue Health Center building is 100% leased to Medical College of Wisconsin, a market-dominant group in the Greater Milwaukee area. “We are delighted to acquire this […]

News Release: Hammes Healthcare celebrates completion of Orlando Health Jewett Orthopedic Institute

News Release: Hammes Healthcare celebrates completion of Orlando Health Jewett Orthopedic Institute

Milwaukee, WI, September 20, 2023 – Hammes Healthcare, a leading provider of consulting and project delivery services, celebrated the completion of the Orlando Health Jewett Orthopedic Institute in downtown Orlando. The new complex, which is now open to patients, includes a 197,170-square-foot inpatient hospital with 75 beds and 10 operating rooms (ORs); a 64,900-square-foot ambulatory […]

News Release: Life sciences market poised for a comeback

News Release: Life sciences market poised for a comeback

After reset period, the resilient life sciences industry offers opportunities and bright spots for both occupiers and owners September 19, 2023 CHICAGO, Sept. 19, 2023 – The life sciences commercial real estate market has undergone a reset this year but is well positioned to be the comeback kid as capital sources grow more confident and […]

News Release: Matthews™ Secures Lease for Behavioral Innovations in McKinney Ranch

The Healthcare Tenant Leased 5,000 SF in New Retail Development   DALLAS, Sept. 19, 2023 — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed a lease for 5,000 square feet at McKinney Ranch, a newly-developed shopping center located at 3700 McKinney Ranch Parkway, McKinney, TX. Matthews™ Associate Baylor […]

News Release: Horizon Technology Finance Management Expands Origination Team

News Release: Horizon Technology Finance Management Expands Origination Team

NEWS PROVIDED BY Horizon Technology Finance Corporation 18 Sep, 2023, 16:15 ET FARMINGTON, Conn., Sept. 18, 2023 /PRNewswire/ — Horizon Technology Finance Management LLC (“Horizon”), the manager and investment adviser for Horizon Technology Finance Corporation (NASDAQ: HRZN) and an affiliate of Monroe Capital, today announced that it has hired Paul A. D’Agrosa as Vice President, […]

News Release: Thomas Burrus Joins JLL As An Associate VP

News Release: Thomas Burrus Joins JLL As An Associate VP

SEPTEMBER 18, 2023 Thomas Burrus JLL has announced the further strengthening of its national life science platform as part of the global real estate services firm’s continued investment in a dedicated, market-leading business line focused on supporting investors and tenants in the multi-billion dollar sector. Thomas Burrus has joined JLL as an associate vice president […]

News Release: Bull Realty Brokers Medical Office Portfolio

News Release: Bull Realty Brokers Medical Office Portfolio

ATLANTA, Sept. 18, 2023 – Paul Zeman, Partner and President of Bull Realty’s Healthcare Real Estate Services Group, was exclusively selected to take two medical office buildings to market in the Atlanta metro area. The properties are located at 3850 Pleasant Hill Road in Duluth and 3770 Paddocks Parkway in Suwanee. Zeman sold the properties […]

News Release: Kayne Anderson Real Estate and Synovus Bank Close Sale of $1.3 Billion Medical Office Loan Portfolio

Portfolio is backed by 308 medical office properties across the U.S.   BOCA RATON, Fla., Sept. 18, 2023  /PRNewswire/ — Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson Capital Advisors, L.P. including its debt platform, Kayne Anderson Real Estate Debt (“KARED”), and Synovus Bank today announced the closing of a $1.3 […]