Editor’s Letter: MOBs: Still attractive?
SOME DON’T THINK SO. WHAT’S YOUR OPINION? By John B. Mugford Dear Reader: There have been several occasions when I’ve asked readers to pick up the phone and give me a call about what they’re seeing in the healthcare real estate sector. Typically, I will hear from a few readers. But, hey, I know most […]
Provider News: Dignity buys land for ‘mini’ hospital
HEALTH SYSTEM PLANS 24-BED, $44M FACILITY IN WEST VALLEY OF PHOENIX METRO By John Mugford Jeffrey W. Land, the VP of corporate real estate for San Francisco-based Dignity Health, has said on several occasions in recent years that the hospital of the future will be significantly smaller and more efficient than those built in the […]
Inpatient Projects: Banner continues to expand in Arizona
$151 MILLION EXPANSION AT BANNER ESTRELLA IS ONE OF SEVERAL PROJECTS By John Mugford Banner Health sure looks to be gearing up for plenty of growth in Greater Phoenix. The not-for-profit health system, the second largest private employer in Arizona, recently announced that it plans to spend $151 million on a new 144-bed patient tower […]
Outpatient Projects: Surgical campus to grow with MOB
DALLAS-BASED SRP MEDICAL BREAKS GROUND ON 80,000 SQUARE FOOT FACILITY By John Mugford It looks as if the Methodist Hospital for Surgery is doing quite well in the north Dallas suburb of Addison, Texas. On a site just off the Dallas North Tollway, the 108,000 square foot, 32-bed specialty surgical hospital has been open since […]
Transactions: ARC buys MOBs from Dallas developer
SELLER IS CADDIS PARTERS; FACILITIES ARE IN ARLINGTON, SUNNYVALE, TEXAS By John Mugford Even though health systems have not been selling medical office buildings (MOBs) with much frequency in recent years, MOBs remain on the radar screens of many real estate investors. Because of this and as a result of compressed capitalization rates for such […]
Capital Markets Snapshot: Why aren’t not-for-profits borrowing?
CAIN BROTHERS PANEL EXPLORED REASONS DURING ROUNDTABLE SESSION By Cain Brothers At a recent roundtable session concerning the capital markets held by Cain Brothers bankers and professionals from private equity, operating, and strategic advisory firms, there was plenty of discussion about taxable and tax-exempt fund-raising. At the session, Cain Brothers’ E.C. Hoffman noted that tax-exempt […]
News & Analysis: Sanders stays in the mix
BUYS MIXED-USE MED PLAZA IN CHARLESTON, S.C. By John Mugford There is little doubt that the future of healthcare delivery will include a new breed of off-campus, outpatient facility that will be home to a wide range of services, perhaps provided by just one or a few main tenants, such as a large group practice […]
Product Focus: Topping $1 billion in Q1
MOB SALES GOT OFF TO A GOOD START IN 2012 By John Mugford Even with all of the uncertainty that had been looming over the U.S. Supreme Court’s decision upholding the constitutionality of the healthcare reform law, one thing remained certain during the first quarter (Q1) of 2012: Buyers were interested in healthcare real estate. […]
Industry Pulse: June 2012
WASHINGTON, D.C. – The uncertainty concerning the Patient Protection and Affordable Care Act is over. As this edition was going to press, the U.S. Supreme Court ended months of speculation in voting 5-4 that the law is indeed constitutional and that individuals can be fined if they do not obtain health insurance. While the Court’s […]
