Publisher’s Letter: Demand never sleeps
FACILITIES NEEDED DESPITE ‘PERFECT STORM’ By Murray W. Wolf, Publisher Dear Reader: The question we have been asked most frequently in recent months has probably been, “When do you think healthcare real estate development and monetization activity will rebound?” Folks recall wistfully the boom of the early to mid-2000s, before the capital crisis, Great Recession […]
Product Focus: Is off-campus the new on-campus?
INVESTORS’ VIEWS OF THE ‘BEST’ MOBS MIGHT BE CHANGING, BOMA PANEL SAYS By Murray W. Wolf Is off-campus the new on-campus for healthcare real estate investors? Not long ago, one of the unwritten laws of medical office building (MOB) investing was that on-campus MOBs were almost invariably more desirable than comparable off-campus facilities. Sure, investors […]
Special Report: Capital markets are stable – for now
BOMA PANEL PONDERS DEBT, EQUITY, CONSOLIDATIONS, MONETIZATIONS, MORE By Murray W. Wolf. After two difficult years, the current capital market environment for healthcare real estate might not be the “new normal,” as some have suggested. But prevailing conditions with respect to debt and equity markets, capitalization rates, and interest rates are likely to remain at […]
Special Report: Ventas looks to grow MOB platform
CEO DEBRA CAFARO TALKS ABOUT RECENT ACQUISITIONS, REIT’S FUTURE PLANS By John Mugford In early 2011, Chicago-based Ventas Inc. (NYSE: VTR) made quite a news splash when it entered an agreement to acquire another large, publicly traded healthcare real estate investment trust (REIT), Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP). By summer, the […]
People: RTKL promotes five in healthcare to new positions
JUPITER, Fla. – Jupiter-based VERSA Property Management recently appointed Michelle McCartney as property manager. Ms. McCartney will oversee the day-to-day operations of VERSA’s Illinois properties, as well as its properties in Ohio, Missouri and New York. Ms. McCartney comes to VERSA with a total of 15 years of property management experience, six of which involved […]
Companies: Cain Brothers represents VHS in deal
PUBLICLY TRADED VANGUARD ACQUIRES MAJORITY INTEREST IN TEXAS SYSTEM By John Mugford Acquisitions of independent hospitals by larger companies and health systems are continuing at a rapid pace. In a recent example, Nashville, Tenn.-based Vanguard Health Systems (NYSE: VHS), a publicly traded system with 26 hospitals and complementary facilities nationwide, acquired a 51 percent interest […]
Companies:Virtua Voorhees hospital now open
HAMMES, TURNER, HGA LEAD PROJECT TEAM FOR $463M NEW JERSEY FACILITY By John Mugford What is being billed as the “hospital of the future” because of its emphasis on technology and safety opened recently in Voorhees, about 20 miles southeast of Philadelphia. The new 368-bed Virtua Voorhees hospital opened May 22 after more than 10 […]
Inpatient Projects: Mercy reveals $950M Joplin makeover
PLAN WOULD REPLACE, EXPAND MED CENTER DESTROYED BY EXTREME TORNADO By John Mugford The ABC TV reality show “Extreme Makeover: Home Edition” is scheduled to rebuild “multiple homes” in tornado-ravaged Joplin, Mo., next month. An EF5 tornado – the fiercest category – which ripped through the southwestern Missouri community May 22, killed scores of people […]
Outpatient Projects: NexCore’s N.Y. project on track for ‘12
$30 MILLION, THREE-STORY, 85,000 SQUARE FOOT FACILITY IS BEING BUILT FOR UHS By John Mugford All of the structural steel is in place for a future 85,000 square foot outpatient facility in Vestal, N.Y., located in the south-central part of the state, about 110 miles south of Syracuse. Denver-based NexCore Group is the developer of […]
Outpatient Projects: Frauenshuh, Franciscan team for MOB
120,000 S.F. FACILITY UNDER WAY ON ST. JOSEPH CAMPUS IN TACOMA, WASH. By John Mugford Consolidating doctors currently scattered in various locations near and on a large hospital campus is one of the major drivers of a future $62 million medical office building (MOB) and parking garage project now under construction in Tacoma, Wash. The […]
Capital Markets Snapshot: Volatility bodes well for medical R.E.
REIMBURSEMENT CUTS, STRONGER WORLD ECONOMY COULD CHANGE THAT By Cain Brothers As we transition from summer to autumn, the capital markets remain highly volatile due to slow economic growth and challenging sovereign debt challenges. The fundamental challenge facing global investors is the markets’ rapidly shifting assessment of risk, compounded by anemic economic growth. This has […]
Q & A: MOBs drive HTA strategy
MARK ENGSTROM STILL SEES AMPLE OPPORTUNITIES By John Mugford Anyone who follows the medical real estate sector has watched Healthcare Trust of America Inc. (HTA) build its large portfolio of medical office buildings (MOBs) by relying on its many health system relationships, an aggressive acquisitions strategy, a willingness to move into almost any geographic region […]
News & Analysis: $100M for Hundred Oaks?
PIONEERING MEDICAL-RETAIL HYBRID UP FOR SALE By John Mugford For sale: the roughly 880,000 square foot One Hundreds Oaks Mall in Nashville, Tenn. Estimated asking price: $100 million-plus. Why is this news important to healthcare real estate professionals and investors? About half of the facility is occupied by Vanderbilt Health. Back in 2007, just as […]
Industry Pulse: September 2011
BOSTON – In July, Boston-based American Realty Capital (ARC) Healthcare Trust Inc., a non-traded real estate investment trust (REIT) sponsored by American Realty Capital V LLC, announced that it had entered a contract to acquire a dozen medical properties for a total of $257.5 million. On Sept. 19, the REIT closed on the acquisition of […]
