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Editor’s Letter: Reform might fill MOBs

Editor’s Letter: Reform might fill MOBs

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 […]

A discussion of debt financing during last month’s NIC conference featured (from left to right) Brian Beckwith of GE
Capital, Patrick Hurst of Houlihan Lokey, Ray Lewis of Ventas Inc. and Joe Resor of Resor Financial Group.
Photo courtesy of NIC/jvinfante photography

Special Report: Are lenders ready to resume lending?

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 […]

Special Report: Permanent shift for capital markets?

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 […]

A panel discussion during the NIC conference included (from left to right) Brian Reynolds of Capital Funding Group,
Ray Braun of Prospects Advisory Group, John Moore of Atria Senior Living and Mark Myers of Marcus & Millichap.
Photo courtesy of NIC/jvinfante photography

Special Report: Senior living prices ready to rebound?

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 […]

Penny Pritzker set the tone for the
2009 NIC senior living conference
with an optimistic message.
Photo courtesy of NIC/jvinfante photography

Special Report: Senior housing sector shows optimism

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 […]

Companies: Pacific Medical lands trio of projects

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 […]

Swedish Medical Center officials, as well as government officials, broke
ground recently for a future acute-care hospital in Issaquah, Wash., located
in the eastern suburbs of Seattle.
Rendering courtesy of Studio 216 for CollinsWoerman

Inpatient Projects: Swedish moving forward on campus

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 […]

Transactions: Health Care REIT Inc. sells MOB park

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 […]

Outpatient Projects: Two MOBs set for campus near Denver

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 […]

Capital Markets Snapshot: Looming maturities remain a concern

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 […]

Alan P. Richman

Company Profile: FHA 242 debt in demand

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 […]

Product Focus: Senior living hangs tough

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 […]

Industry Pulse: October 2009

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 […]