By admin on September 26, 2023
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 […]
Full Story »Posted in Feature Story
By admin on September 19, 2023
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 […]
Full Story »Posted in Feature Story
By admin on September 12, 2023
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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By admin on August 22, 2023
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, […]
Full Story »Posted in Companies & People, Transactions
By admin on August 15, 2023
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 […]
Full Story »Posted in Companies & People
By admin on August 8, 2023
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 […]
Full Story »Posted in Companies & People, REIT Report
By admin on August 1, 2023
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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By admin on July 25, 2023
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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By admin on July 18, 2023
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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By admin on July 11, 2023
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 […]
Full Story »Posted in Companies & People, Transactions
By admin on July 5, 2023
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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By admin on June 27, 2023
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 & […]
Full Story »Posted in Feature Story, Outpatient Projects
By admin on June 20, 2023
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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By admin on June 20, 2023
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 […]
Full Story »Posted in Transactions
By admin on June 13, 2023
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 […]
Full Story »Posted in Transaction Case Study
By admin on June 13, 2023
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. […]
Full Story »Posted in Companies & People
By admin on October 2, 2023
FOR IMMEDIATE RELEASE Stockdale Capital Partners’ Newest Development, 656 S. San Vicente Boulevard, Brings 145,000 Square Feet of State-of-the-Art Medical and Life Sciences Space to L.A.’s Golden Triangle LOS ANGELES – October 2, 2023 – Los Angeles-based Stockdale Capital Partners (Stockdale) announces its highly-anticipated new medical office and life sciences development in L.A.’s Golden Triangle. […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on October 2, 2023
The integration of Salem Medical Center, an affiliate of Inspira Health is now complete, marking the health system’s expansion with a fourth hospital in South Jersey by rebranding as IMC Mannington SALEM, N.J., Oct. 2, 2023 –(BUSINESS WIRE)—Inspira Health announced that the integration Salem Medical Center, an affiliate of Inspira Health, into the health […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on October 2, 2023
Groundbreaking for 66,000-sq. ft. Facility in Youngstown, Ohio Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking for Mercy Health Youngstown Rehabilitation Hospital located in Youngstown, Ohio. The groundbreaking took place on August 31, 2023. The Sanders Trust was selected as the developer […]
Posted in Breaking News, Companies & People, Inpatient Projects
By eporter on October 2, 2023
RALEIGH, N.C., Oct. 2, 2023 /PRNewswire/ –– First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens’ CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger. The First Citizens name and logo will […]
Posted in Breaking News, Capital Markets, Companies & People
By eporter on October 2, 2023
BIRMINGHAM, Ala., Oct. 2, 2023–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that a new video message to shareholders has been posted to its website. In the video, Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer, describes the Company’s business model, levers for shareholder value creation, capital […]
Posted in Breaking News, Companies & People, REIT Report
By admin on September 30, 2023
REIT maneuvers ahead of a hoped-for rebound in the LSRE market By Murray W. Wolf As it seeks to navigate today’s complex and challenging life sciences real estate (LSRE) environment, the sector’s largest real estate investment trust (REIT) is setting the stage for the development of one project, tapping the brakes on another, and contending […]
Posted in Life Sciences
By eporter on September 30, 2023
The Portfolio is 100% Leased to Carolina Cardiology Associates and Consists of 25,258 Square Feet Rock Hill, SC — HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a single-specialty medical office building portfolio located in Rock Hill, SC, Fort Mill, SC, and Lancaster, SC. The portfolio is 100% leased […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on September 29, 2023
Property is home to several esteemed medical practices CHARLOTTE, N.C., Sept. 29, 2023 — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, has acquired a Class A medical office building (MOB) and ambulatory surgery center (ASC) in Fredericksburg, Virginia. Built in 2011, the 96% leased multi-tenant property is located at 1500 Dixon Street. […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on September 29, 2023
JLL’s Loan Sales and M&A teams led sales efforts for the medical office portfolio spanning 33 states across the U.S. NEW YORK, Sept. 19, 2023 – JLL’s Capital Markets group announced today that as exclusive advisor to Synovus Financial Corp., it worked to arrange the sale of a $1.3 billion medical office loan portfolio to Kayne […]
Posted in Breaking News, Capital Markets, Companies & People
By eporter on September 29, 2023
Executive Summary Despite significant volatility in the capital markets and operating and financial headwinds in the healthcare industry, medical office buildings (MOBs) are holding their own as attractive investment opportunities, according to our survey of a diverse range of real estate investors. The survey’s key findings include the following: Almost 90% of our survey respondents […]
Posted in Breaking News, Companies & People
By eporter on September 28, 2023
TAMPA, Fla., September 28, 2023–(BUSINESS WIRE)–Sila Realty Trust, Inc. (the “Company”), a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of a 104,912 square foot medical office building located in Burr Ridge, Illinois (the “Burr Ridge Healthcare Facility”) for $59.95 […]
Posted in Breaking News, Companies & People, REIT Report
By eporter on September 28, 2023
Retina Consultants of Minnesota (“RCM”), an independent eye practice specializing in the medical and surgical treatment of eye disorders involving the retina, macula and vitreous, announces the expansion of two clinic locations in Blaine and St. Cloud. Both clinics are expanding due to the addition of physicians to accommodate their patients. In St. Cloud, RCM […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on September 28, 2023
Scheduled for completion in 2027, the new hospital is to be built at Chouteau Avenue and Grand Boulevard in the St. Louis Midtown area McCarthy Building Companies, Inc., the oldest, privately held national construction firm in the U.S. and a leading national healthcare construction manager, has been selected to lead the design-build team for a […]
Posted in Breaking News, Companies & People, Inpatient Projects
By eporter on September 27, 2023
CHARLOTTE, N.C., Sept. 27, 2023 — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, has acquired a Class A medical office building (MOB) and ambulatory surgery center (ASC) in Fredericksburg, Virginia. Built in 2011, the 96% leased multi-tenant property is located at 1500 Dixon Street. The building is anchored by Surgi-Center of Central Virginia, […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on September 27, 2023
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 27 Sep, 2023, 08:30 ET Alexandria is well positioned to support companies in the growing area of AI-enhanced laboratory-based research and development, which is contributing to demand for advanced laboratory infrastructure requirements PASADENA, Calif., Sept. 27, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), the […]
Posted in Breaking News, Life Sciences
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