Industry Pulse: $640m bio real estate merger could impact HRE
A proposed combination of BioMed Realty Trust and Wexford Science & Technology could affect HCP, HCN and perhaps others. The healthcare and bioscience real estate markets are largely independent. Both segments owe their fundamental existence to healthcare. But they include very different property types: mostly medical office buildings (MOBs) and senior living facilities in the […]
Industry Pulse: Healthcare REITs attracting attention
Ventas isn’t the only healthcare REIT in the spotlight recently. We noticed that several other denizens of the healthcare sector have been featured in recent editions of REIT: Real Estate Investment Today, the magazine of the National Association of Real Estate Investment Trusts Inc. (NAREIT). The cover story in the January/February edition was “Duke’s Transformative […]
Industry Pulse: Ventas says it might invest in hospitals
It’s not all that unusual for HRE investors to own hospitals. Typically, however, those hospitals have been rehabilitation, long-term care or other specialty facilities, not general acute care hospitals. But could acute care hospitals be the next frontier of healthcare real estate investment? No lesser authority than the chairman and CEO of one of the […]
Transactions: National Health Investors announces $26.3 million senior living acquisition
MURFREESBORO, Tenn. –National Health Investors Inc. (NYSE: NHI) has announced that it plans to acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. The facilities, both less than two years old, are in Corinth and Canton, which are about 40 and 60 miles, respectively, from Dallas. Indirect affiliates of […]
Transactions: Canadian senior living company doubles U.S. portfolio with $141.7M buy
TORONTO – A Canadian real estate investment trust (REIT) has more than doubled its portfolio of U.S. senior housing and care properties with a $141.7 million acquisition of 13 assets in three states. Toronto-based HealthLease Properties REIT (Toronto: HLP.UN) has closed on the acquisition of 10 properties in North Carolina, two in Pennsylvania and one […]
Transactions: More HRE Transactions
■ The Sanders Trust (TST) recently acquired a 40-bed inpatient rehabilitation hospital in Mishawaka, Ind. Birmingham, Ala.-based TST paid $17 million for the 46,000 square foot facility, home of the Saint Joseph Rehabilitation Institute on the Elm Road Medical Campus in Mishawaka, just outside of South Bend. The facility provides services to patients of the […]
