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Publisher's Letter: Serious about seniors

Publisher’s Letter: Serious about seniors

By Murray W. Wolf.   Dear Reader: We have all recognized for many years that there is a big potential opportunity in the senior living sector. The market has had its ups and downs. But we all ultimately expect demand to grow for independent living, assisted living, skilled nursing and memory care facilities, as well […]

The National Investment Center for the Seniors Housing & Care Industry (NIC) Conference in September was the largest in the event’s 21-year history, attracting some 1,800 attendees to the Marriott Warman Park in Washington.
Photo courtesy of NIC

Senior Living: Senior moment? Sector is heating up

INTEREST IS GROWING IN POST-ACUTE AND LONG-TERM CARE REAL ESTATE By Murray W. Wolf The potential opportunity in the senior living market has seemed tantalizingly obvious for many years. We all know about the “silver tsunami” – the 78 million aging baby boomers who, during the next two decades, will drive unprecedented demand for independent […]

Provider News: Chicago-area systems close on merger

PROVENA-RESURRECTION COMBINATION CREATES LARGEST SYSTEM IN ILLINOIS By John Mugford In the era of healthcare reform, much of the merger and acquisition activity taking place among hospitals and health systems involves healthy, financially strong entities purchasing smaller, perhaps struggling ones. That’s not the case with two systems in Greater Chicago area which recently announced a […]

Inpatient Projects: Columbia, S.C., to get a new hospital

PALMETTO HEALTH BREAKS GROUND ON 76-BED FACILITY ON NORTH SIDE OF CITY By Dan Emerson A ground breaking ceremony was held in late October for a future hospital to serve the growing, hospital-bed deprived area of northwest Columbia, S.C. Palmetto Health is investing nearly $100 million into the future Palmetto Baptist Parkridge Hospital, which is […]

Northwestern Memorial Hospital plans to develop a $334 million, 25-story, 1 million square foot medical office building near its main hospital.
Rendering courtesy of Northwestern Memorial

Outpatient Projects: Northwestern has high hopes for MOB

HOSPITAL UNVEILS PLANS FOR $334 MILLION, 25-STORY, 1 MILLION S.F. FACILITY By John Mugford For years, healthcare real estate developers have been noting that many medical office buildings (MOBs) have been getting larger, especially those with a variety of specialties, surgery facilities, diagnostic imaging centers, and host of other services. Well, there are large medical […]

Duke Realty began work in recent weeks for a $12.8 million, three-story, 54,000 square foot outpatient facility next to the 202-bed North Fulton Hospital in the far north Atlanta suburb of Roswell, Ga. The developer will own the building.
Rendering courtesy of Duke Realty

Outpatient Projects: MOB planned for north Atlanta suburb

DUKE REALTY TO DEVELOP 52,000 S.F. FACILITY FOR NORTH FULTON HOSPITAL By John Mugford It looks as if a need for Class A medical office space near the 202-bed North Fulton Hospital in Roswell, Ga., will be filled by the fall of 2012. That’s when Indianapolis-based Duke Realty Corp. (NYSE: DRE), a publicly traded real […]

Construction of a planned three-story, 60,000 square foot medical office building was within days of beginning when Baltimore’s Saint Agnes Hospital decided it needed more space than planned.
Rendering courtesy of NexCore Group

Outpatient Projects: Baltimore MOB grows at last minute

NEXCORE WAS ABOUT TO START WORK WHEN HOSPITAL ASKED FOR MORE SPACE By John Mugford Anyone involved in the development of medical office buildings (MOBs) understands the need to remain flexible and ready to make changes in a project’s plans, even late in the pre-development process. Denver-based NexCore Group LP, a medical real estate developer, […]

Transactions: SNH makes final acquisition from CWH

BUT THE HEALTHCARE REIT IS STILL AN ACTIVE BUYER OF MEDICAL BUILDINGS  By John Mugford A big pipeline that Newtown-based Senior Housing Properties Trust (NYSE: SNH) has used to make large, off-market healthcare portfolio acquisitions in recent years is finally empty. According to the real estate investment trust (REIT), the recent closing of one last, […]

The 100 percent leased, 50,097 square foot Grayhawk Medical Plaza on the campus of Thompson Peak Hospital in northern Scottsdale is one of the MOBs being offered for sale by Scottsdale Healthcare.
Photo courtesy of Ensemble Real Estate Services Inc.

Transactions: Details emerge on Scottsdale MOBs

HEALTH SYSTEM-OFFERED PORTFOLIO INCLUDES DEVELOPMENT OPPORTUNITIES. By John Mugford Acquiring medical office building (MOB) portfolios directly from health systems can have unique perks for buyers, as the assets often include hospital tenants and their solid credit ratings. Plus, the portfolios often are composed of a large share of on-campus facilities, which many investors favor over […]

Health Care REIT’s acquisition of three Tampa, Fla.-area buildings from Florida Medical Clinic for a total of $49.3 million was one of lst quarter’s biggest deals.
Photo courtesy of Wallace Associates LLC

Product Focus: Q3 MOB sales totaled about $564M

AVERAGE SALE PRICE TOPPED $200 PSF FOR THE FIRST TIME IN THREE QUARTERS By John Mugford In a rather mundane but steady quarter for medical office building (MOB) sales, at least one somewhat important milestone was reached, or re-reached. While statistics from New York-based Real Capital Analytics (RCA) Inc. show that MOB sales in the […]

Capital Markets Snapshot: Thanksgiving shoppers busted loose

CONSUMERS FOUGHT ‘FRUGALITY FATIGUE,’ BUT CAPITAL MARKETS DIDN’T BUDGE By Cain Brothers There was only one real surprise Thanksgiving week. It was not the fact that, after four months of intense pressure to find a compromise, the budget deficit super committee came up empty. It was not the fact that, after what seems like years […]

Company Profile: Small firm, big presence

Company Profile: Small firm, big presence

GOOD REPUTATION KEEPS HEALTHAMERICA HUMMING By John Mugford When Thomas W. “Tommy” Tift III was in Los Angeles for a healthcare real estate conference and some meetings earlier this year, he took an afternoon away from business to enjoy the nice weather and squeeze in a round of golf. But the getaway quickly turned into […]

Bethesda Health City in Boynton Beach, Fla., was recently acquired by a joint venture of Flagler Investment and Investcorp Real Estate.
Photo courtesy of Flagler Investment LLC

News & Analysis: Flagler, Investcorp do JV

JOINT VENTURE BUYS ONE OF FIRST MEDICAL MALLS By John Mugford When it was built back in 1996, Bethesda Health City in Boynton Beach, Fla., was one of the first medical mall developments in the country. The concept for this “one-stop” healthcare facility, like those that have followed, is to provide patients with a convenient […]

Industry Pulse: November 2011

NEWPORT BEACH, Calif. – There’s a new name among the companies actively involved in acquiring healthcare real estate, a sector that has seen quite a number of mergers and acquisitions among its leading companies in recent years. In this case, the independent members of the board of Grubb & Ellis Healthcare REIT II, an active […]