Investors Bullish on Health Care Real Estate as Reform Showdown Draws Closer
Hospitals Especially Could Thrive Under Proposed Universal Health Care Winding Through Congress. But The Medical Office Sector Should Remain Healthy Regardless of What Lawmakers Decide By Randy Drummer, CoStar November 18, 2009 With the mammoth health care reform package hanging in the balance, medical real estate companies will enter 2010 in the throes of debate […]
News Release: Healthcare Trust of America, Inc. executes Agreement to acquire a 62,000 SF Medical Office Building located in Baltimore, Md.
Scottsdale, Arizona (November 13, 2009) – Healthcare Trust of America, Inc. (the “REIT”), a self-managed, non-traded, real estate investment trust, announced the execution of a Purchase and Sale Agreement (the “Agreement”) to acquire a medical office building, known as the Smyth Professional Building, located in Baltimore, Maryland for approximately $11,250,000. The 62,000 SF Smyth Professional […]
Publisher’s Letter: The start of a rebound?
MOB SALES, HEALTHCARE CONSTRUCTION ARE UP By Murray W Wolf Dear Reader: There is nothing we’d like better than to publish an article talking about how the healthcare real estate sector has rebounded to pre-recessionary levels of development and investment activity. Alas, we can’t quite do that – yet. But we are seeing some glimmers […]
Project Study: Ortho center keeps pace with boomers
SEATTLE’S SWEDISH SYSTEM BUILT A BIG ORTHOPEDIC INSTITUTE TO MEET DEMAND By John Mugford There’s no mystery about what drove the building of a large, heavily glass-encased facility on the First Hill campus of Swedish Medical Center in Seattle: demand for orthopedic surgery and services, mostly from baby boomers. From 1996 to 2006, orthopedic demand […]
Q&A: Stark, Anti-Kickback crackdown ahead
ATTORNEY JEFF CALK SAYS REFORM WILL BRING STEPPED UP LAW ENFORCEMENT By John Mugford If truth be told, third-party developers and owners of medical office buildings (MOBs) need not worry all that much about violating the infamous Stark Law. That’s because they’re not the ones billing the federal government for Medicare and Medicaid reimbursements. However, […]
Companies: CB Richard Ellis lands major med deal
US ONCOLOGY HIRES REAL ESTATE COMPANY TO MANAGE 5 MILLION S.F. OF SPACE By John Mugford US Oncology Inc., the giant, nationwide cancer care company based in The Woodlands, Texas, recently hired Los Angeles-based CB Richard Ellis Group Inc. (NYSE: CBG) to provide an array of real estate services for its 5 million square foot […]
Inpatient Projects: Memorial Hermann to invest $104M
HOUSTON-BASED SYSTEM TO ADD SEVEN-STORY TOWER IN THE WOODLANDS By John Mugford Houston-based Memorial Hermann Healthcare System is a big healthcare system in a big metropolitan area. Its hospital in The Woodlands, in Houston’s northern metropolitan area, is about to get even larger. The system recently announced that it is planning a $104 million […]
Outpatient Projects: Ohio town lands $170M cancer center
CALIF.-BASED OPTIVUS PROTON THERAPY INC. TO BUILD ON MIAMI TOWNSHIP LAND By John Mugford Miami Township in Ohio had the land and San Bernardino, Calif.-based Optivus Proton Therapy Inc. has the capabilities for a cancer treatment center that utilizes proton beam therapy. The two sides recently announced they are set to move forward on a […]
Transactions: NHP nears $300 million deal with PMB
REIT WOULD BUY INTERESTS IN 7 MOBs WITH A TOTAL OF 600,000 SQUARE FEET By John Mugford Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP) and San Diego-based Pacific Medical Buildings (PMB) made big headlines the last time they struck a big deal in early 2008. That deal was for as much as $2 […]
Capital Market Snapshot: Signs point to being thankful for 2009
HOSPITALS, REITs GET BACK TO BUSINESS; PRIVATE INVESTORS FACE CHALLENGES As 2009 comes to a close, we can all be thankful it is still not 2008. What a difference a year makes. This seems especially true for medical real estate. Hospitals have weathered the storm and are experiencing a renewed ability to access tax-exempt capital. […]
Product Focus: MOB sales jumped in Q3
VOLUME NEARLY TRIPLED VS. Q2; CAP RATES ROSE By John Mugford Folks involved in the sales of medical office buildings (MOBs) were predicting, or perhaps hoping for, a strong rebound by the second half of this year. According statistics recently released by New York-based Real Capital Analytics (RCA) Inc., they got one – in some […]
News & Analysis: New name, same game
HTA AGREES TO ACQUIRE 20 MOBs FOR $155.1 MILLION By John Mugford Since moving to self-management in September and operating under its new name, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has not changed the way it goes about its business. For the last four years or so, ever since the non-traded real estate […]
Industry Pulse: November 2009
WASHINGTON – The annual election of the chairperson of the National Association of Real Estate Investment Trusts (NAREIT) is typically big news for people associated with the nation’s real estate investment trusts (REITs), of which there are more than 150 in various types of commercial real estate and mortgages. But for 2010, the naming of […]