Publisher’s Letter: Healthcare beats hype
KEEP YOUR FACEBOOK, GIVE ME OUR REITs By Murray W. Wolf Dear Reader: Facebook (NYSE: FB) debuted on Wall Street on May 18 with arguably the most high-profile initial public offering (IPO) in history. It was a “once in a generation opportunity” to get in on the ground floor of what could be one of […]
Companies: Doc-owned system plans big growth
DALLAS-BASED FOREST PARK MEDICAL FINDS SUCCESS DESPITE HEALTH REFORM By John Mugford Even though the Patient Protection and Affordable Care Act includes a provision that was meant to halt the construction of new physician-owned hospitals, the Forest Park Medical Center system in Dallas is moving forward with a plan to more than double its number […]
Inpatient Projects: Work started on $284M Sutter hospital
SANTA ROSA, CALIF., REPLACEMENT FACILITY WILL REPLACE A 1983 STRUCTURE By John Mugford These days, when new hospitals are planned and built they are quite often replacements for aging and inefficient facilities with too many beds. Today’s hospitals are typically smaller, sleeker, packed with the latest in medical and monitoring technology, and more user-friendly amenities […]
Outpatient Projects: Hammes selected for California MOB
WISCONSIN-BASED FIRM LEADING DEVELOPMENT FOR SUTTER IN SANTA ROSA By John Mugford Marketing started in recent weeks for a medical office building (MOB) that Brookfield, Wis.-based Hammes Co. has planned in Santa Rosa, Calif. The facility is slated for land on the future replacement campus of Sutter Medical Center of Santa Rosa (SMCSR), slated for […]
Transactions: Sentio, Caddis, docs buy MOB in Texas
JV PAYS $11.5 MILLION FOR 114,583 SQ. FT. PHYSICIANS CENTRE IN BRYANT, TEXAS By John Mugford A joint venture partnership of Orlando, Fla.-based Sentio Healthcare Properties Inc., Dallas-based Caddis Partners and a group of physicians in recent weeks acquired a 114,583 square foot MOB in Bryan, Texas, about 95 miles northwest of Houston. The city […]
Transactions: IRA Realty Capital buys MOB in Dallas
FIRM PAYS $25.5 MILLION FOR 85,879 SQ. FT. EYE INSTITUTE OF TEXAS BUILDING By John Mugford A joint venture led by Newport Beach, Calif.-based IRA Realty Capital has acquired an 85,879 square foot MOB in Dallas for $25.5 million, or $297 PSF. The property, known as The Eye Institute of Texas, was 81 percent leased […]
Transactions: Griffin-American buys MOBs for $52M
IN JUST TWO YEARS SINCE INCEPTION, REIT’S TOTAL PORTFOLIO HITS $715 MILLION By John Mugford. Griffin-American Healthcare REIT II went on a bit of a buying spree in recent weeks, making three separate acquisitions with five medical office buildings (MOBs) for a total price of $52.5 million. The transactions closed in the first quarter (Q1). […]
Capital Markets Snapshot: Europe’s turbulence a concern here
U.S. HCRE INVESTORS WILL NEED TO BALANCE FALLING YIELDS WITH RISKS By Cain Brothers A few months ago, healthcare investors were most concerned with trying to read the U.S. Supreme Court tea leaves. Now, however, we should all be worried about significant capital market turbulence coming from Europe and, to a lesser degree, China. Greece’s […]
Special Report: Chaos in healthcare?
BOMA PANELISTS DISCUSS THE CHANGING SYSTEM By Murray W. Wolf Healthcare real estate professionals know that any time they walk into the office of a healthcare executive to pitch business, they better know as much about the system as possible: its strengths, weaknesses and needs. These days, however, real estate professionals need to take this […]
Companies: HTA: Time to be listed
REIT TO BE TRADED ON NEW YORK STOCK EXCHANGE By John Mugford As Healthcare Trust of America (HTA) Inc. has gone about preparing in recent weeks for a listing of its stock on the New York Stock Exchange (NYSE) on or about June 6, it has been touting its performance as a non-listed healthcare real […]
Industry Pulse: May 2012
ATLANTA – Electronic medical record (EMR) systems were supposed to be the wave of the future. Now, it looks as if a lot of money might have been spent, and is still being spent, on a technology that could move in another direction. The topic came up in recent weeks during a panel session at […]