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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: New Class-A medical and research facility is the first to be delivered in West Los Angeles in over two decades

News Release: New Class-A medical and research facility is the first to be delivered in West Los Angeles in over two decades

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. […]

News Release: Inspira Health Unveils Inspira Medical Center Mannington

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 […]

News Release: The Sanders Trust Breaks Ground on Inpatient Rehabilitation Hospital

News Release: The Sanders Trust Breaks Ground on Inpatient Rehabilitation Hospital

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 […]

News Release: First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals

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 […]

News Release: Medical Properties Trust Posts New Video Message to Shareholders

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 […]

Life Sciences: Alexandria sets the stage for one project, pauses another

Life Sciences: Alexandria sets the stage for one project, pauses another

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 […]

News Release: Healthcare Real Estate Advisors Sale Announcement -- MOB Portfolio Located in Charlotte MSA

News Release: Healthcare Real Estate Advisors Sale Announcement — MOB Portfolio Located in Charlotte MSA

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 […]

News Release: Flagship Healthcare Properties acquires medical office building and ambulatory surgery center in Fredericksburg, Virginia

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. […]

News Release: JLL arranges $1.3B medical office loan portfolio on behalf of Synovus Financial Corp.

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 […]

News Release: Survey Results: Medical Office Buildings Remain an Attractive and Stable Investment Despite Volatile Capital Markets

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 […]

News Release: Sila Realty Trust, Inc. Completes Acquisition of Burr Ridge Medical Office Building for $59.95 Million

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 […]

News Release: Retina Consultants of Minnesota expands and relocates in St. Cloud and Blaine

News Release: Retina Consultants of Minnesota expands and relocates in St. Cloud and Blaine

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 […]

News Release: McCARTHY SELECTED TO BUILD NEW STATE-OF-THE-ART HEALING FACILITY FOR SSM HEALTH’S CARDINAL GLENNON CHILDREN’S HOSPITAL

News Release: McCARTHY SELECTED TO BUILD NEW STATE-OF-THE-ART HEALING FACILITY FOR SSM HEALTH’S CARDINAL GLENNON CHILDREN’S HOSPITAL

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 […]

News Release: FLAGSHIP HEALTHCARE PROPERTIES ACQUIRES MEDICAL OFFICE BUILDING AND AMBULATORY SURGERY CENTER IN FREDERICKSBURG, VIRGINIA

News Release: FLAGSHIP HEALTHCARE PROPERTIES ACQUIRES MEDICAL OFFICE BUILDING AND AMBULATORY SURGERY CENTER IN FREDERICKSBURG, VIRGINIA

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, […]

News Release: Alexandria Real Estate Equities, Inc.’s One-of-a-Kind, Essential Labspace Platform Empowers the Integration and Enhancement of Biological Discoveries Enabled by AI to Widen the Opportunities for and Accelerate the Development of Novel Medicines

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 […]