News & Analysis: Triple Net REIT (March 2007)
Triple Net launches healthcare REIT NNN STARTS WITH A PAIR OF INDIANA PROPERTIES By Jessica Griffith Triple Net Properties LLC of Santa Ana, Calif., has been buying up plenty of properties over the years. Its total portfolio of owned and managed commercial and multi-family facilities composes more than 32 million square feet. And […]
Industry Pulse (March 2007)
SAN DIEGO – On the West Coast, Bob Rosenthal is considered a guru – perhaps the guru – of medical office building (MOB) development, as it has been his sole concentration for 35 years of his career. Recently, Mr. Rosenthal announced that he is retiring as the president and managing principal of San Diego-based […]
Company Profile: Aardex LLC (March 2007)
Making the move to medical DENVER-BASED AARDEX IS GROWING WITH ITS ‘USER EFFECTIVE DESIGN’ CONCEPT By Dan Emerson For Denver-based Aardex LLC, the 185,000 square foot Signature Centre in Denver West may be the most important project the 24-year old firm has ever developed. Scheduled to open this month, the $46 million […]
Transactions (March 2007)
Montecito, ING launch JV with MOB buys TWO FIRMS NOT KNOWN FOR MEDICAL REAL ESTATE INVEST MORE THAN $90 MILLION By John Mugford Montecito Medical Investment Co. (MMIC) of Jacksonville, Fla., recently announced that it has entered a joint venture with New York-based ING Clarion Partners to acquire medical office buildings (MOBs) throughout the country. […]
Special Report : HREI Editorial Board Roundtable, Part 4 (March 2007)
Developers could be sellers this year MONETIZATIONS, RISING PRICES, CONSOLIDATIONS LIKELY TO CONTINUE IN 2007 By John Mugford In three previous editions of Healthcare Real Estate Insights™, we have published highlights of a roundtable discussion that took place at our recent Editorial Advisory Board meeting in Chicago, providing a look back at 2006 development and […]
Publisher’s Letter (March 2007)
More room for improvement MEDICAL FACILITIES COULD STILL BE IMPROVED CONSIDERABLY Dear Reader: As the parents of three active children ages 8, 11 and 13, my wife and I have ample opportunities to experience healthcare real estate first hand. Hardly a week passes without someone needing a routine check-up or, more likely, to be seen […]
Product Focus: Skills Nursing Facilities (March 2007)
Skilled nursing rebound SOME SAY SMART MONEY IS SNIFFING AROUND SNFs By Brian Busek For many healthcare real estate investors, skilled nursing facilities (SNFs) gained a reputation in the 1990s and early 2000s as a product type to be avoided. The Balanced Budget Act of 1997 had changed Medicare reimbursement from a cost-plus […]
People (March 2007)
Cafaro signs new deal with Ventas Inc. CEO HELPED LEAD HEALTHCARE REAL ESTATE COMPANY THROUGH TOUGH TIMES By John Mugford It was announced in early 2007 that Debra A. Cafaro, who as chairman and CEO helped bring Louisville, Ky.-based Ventas Inc. (NYSE: VTR) from the brink of bankruptcy to solid financial footing, has signed a […]
Inpatient Projects (March 2007)
No more regulatory agency in Illinois? STATE LAWMAKERS TO DECIDE FATE OF HEALTH FACILITIES BOARD BY APRIL 1 By John Mugford April Fools Day could mark a new era for healthcare construction in Illinois. That’s because by April 1, the Illinois Legislature is scheduled to decide whether to dissolve the Illinois Health Facilities […]
Transactions: 2006 and Q4 MOB Report (Febuary 2007)
MOB investment might change in 2007 REAL CAPITAL ANALYTICS FORESEES REGIONAL VARIATIONS, MORE DEVELOPMENT By Murray W. Wolf At first glance, 2006 appeared to be the same old story for medical office building (MOB) investors: rising prices per square foot and falling capitalization rates. In fact, that has been the consistent theme since […]
Inpatient Projects (Febuary 2007)
Deadline danger for California providers NEW SEISMIC CLASSIFATION, HOWEVER, COULD BE GODSEND FOR SOME HOSPITALS By John Mugford For several years now, plenty of folks associated with the California healthcare scene have realized that many of the state’s hospitals are struggling to meet strict seismic safety requirements passed in the aftermath of the 1994 […]
Senior Living (Febuary 2007)
Battle brewing over Sunrise facilities VENTAS THOUGHT IT HAD 74-PROPERTY PORTFOLIO SEWN UP UNTIL HCP MADE A BID By John Mugford For several weeks in January and into February, it looked as if things were proceeding smoothly for Louisville, Ky.-based Ventas Inc. (NYSE: VTR) in its agreement to acquire a majority interest in 74 […]
Publisher’s Letter (Febuary 2007)
More MOB data for you HREI™, REAL CAPITAL ANALYTICS COLLABORATE Dear Reader: It seems that our readers just can’t get enough information about medical office buildings (MOBs). If you’re one of those MOB info-junkies, I have wonderful news. This month, we are kicking off an exciting new collaboration between Healthcare Real Estate Insights™ and Real […]
Project Case Study (Febuary 2007)
Firm repositions, replaces dated asset TRILOGY HEALTH SERVICES PLANS TO TAKE OHIO FACILITY FROM ‘WORST TO FIRST’ By Sonja Pedersen-Green In the world of senior living facilities, there is no shortage of functionally obsolete real estate. But building a rival facility as a new venture can be daunting for a variety of competitive, financial and […]
Product Focus: Senior Living (Febuary 2007
Great demos are obvious BUT SENIOR LIVING SUCCESS ISN’T QUITE SO SIMPLE By Brian Busek For an investor interested in senior housing and healthcare real estate, a glance at population demographic data suggests that gold – and lots of it – will soon be found in ‘them thar’ properties. However, as the winners and […]
