MORE INSURED COULD BOOST DEMAND – OR NOT By John B. Mugford Dear Reader: Not to shoot down something that we wrote about last month, but there does seem to be a different interpretation of whether there would be a big increase in demand for the development of medical office space should President Obama’s healthcare […]
SOME REITs AND FINANCE COMPANIES ARE, BUT NOT MANY BANKS, NIC PANEL SAYS By Murray W. Wolf In this, our final article from the 19th Annual NIC Conference, we explore trends in obtaining financing from REITs and conventional lenders. What is the lending environment like for senior living developers and investors who don’t necessarily want […]
NIC PANELISTS SAY THINGS WILL GET BETTER, BUT IT WILL NEVER BE THE SAME By Murray W. Wolf In this, our fourth article from the 19th Annual NIC Conference, we explore how the recent disruptions in the capital markets have changed – perhaps permanently – and how that will affect the senior living sector. This […]
ASSET VALUATIONS HAVE SLIPPED SINCE ‘07, BUT NIC PANEL SEES IMPROVEMENT By Murray W. Wolf In this, our third article from the NIC conference, we explore trends in valuations for senior living real estate. The market for senior living facilities peaked in 2006-07. Both the total dollar volume and number of transactions achieved new highs […]
DEVELOPMENT AND OCCUPANCY RATES HAVE DIPPED, BUT NIC CROWD SEES HOPE By Murray W. Wolf Like medical office, senior living has weathered the recession better than most commercial real estate sectors. But the similarities don’t stop there. Both are healthcare-related businesses that face risks from possible reimbursement rate reductions and continue to struggle to do […]
IN ADDITION, PMB HAS AN ANOTHER 720,000 S.f. IN ITS DEVELOPMENT PIPELINE By John Mugford The projects continue to pile up for San Diego-based Pacific Medical Buildings (PMB), which recently announced that it has been selected as the developer for three separate medical office projects in California. Combined, the three medical office buildings (MOBs) would […]
SEATTLE-BASED SYSTEM PLANS ‘HEALTHCARE COMMONS’ IN EASTERN SUBURBS By John Mugford Not much has come easy for Seattle-based Swedish Medical Center in its five-year quest to build a new 175-bed hospital in Issaquah, Wash., which is part of growing eastern King County. Even as Swedish executives and government officials – including Washington Gov. Chris Gregoire […]
ATLANTA-BASED ROBERTS COMMERCIAL PICKS UP EIGHT ASSETS FOR $7.7 MILLION Staff Reports Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) in recent weeks sold the eight-building Johns Creek Medical Office Park in Johns Creek, Ga., for $7.7 million, or about $106 per square foot. The buyer was Atlanta-based Roberts Commercial Real Estate Services. The medical […]
AARDEX, SEAVEST ARE JV PARTNERS IN PROJECT WITH TOTAL OF 250,000 S.F. By John Mugford About 250,000 square feet of new medical office space is slated for the future replacement campus of St. Anthony Central Hospital in Lakewood, Colo., just outside of Denver. Golden, Colo.-based Aardex LLC, a developer, owner and construction firm, recently announced […]
BUT CONDITION OF CAPITAL MARKETS CONTINUES ON ROAD TO IMPROVEMENT The general condition of our capital markets continues to improve, with risk premiums for financial assets declining since the most-challenged days of the financial crisis. Concerns remain, however, such as the “shape” of the economic recovery, the pace and impact of the collective governments’ exit […]
INNOVATIVE CAPITAL GETTING HOSPITAL DEALS DONE By John Mugford At the start of this decade, as Alan P. Richman was delving into the idea of starting a company that would, among other services, secure Federal Housing Administration (FHA) Section 242 mortgage insurance for rural community hospitals, there were certainly some obstacles to overcome. “I was […]
IT HAS OUTPERFORMED MOST REAL ESTATE SECTORS By Murray W. Wolf Like the medical office market, the senior living sector has taken a hit during the past 12 to 18 months. But industry observers say it remains a better investment than most other segments of the commercial real estate market. Senior living will also rebound […]
ATLANTA – As the medical office building (MOB) sector has grown up in recent years – some healthcare real estate veterans say the sector was a non-sector until the early 2000s – one aspect of it continues to be elusive: comprehensive data. While there are definitely people and companies in certain cities and geographic markets […]
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