Industry Pulse: $500 million for Mayo? Not so fast, state says
There has been a surprising turn of events recently in Minnesota, the home of HREI™. But this story isn’t just a local one, as the subject is the world-renowned Mayo Clinic, an international destination healthcare provider in the same stratosphere as the likes of the Cleveland Clinic, MD Anderson Cancer Center in Houston and Johns […]
Industry Pulse: Now that’s what we call an appetizing retail strategy
We’ve heard plenty about healthcare in retail locations, and a little about retail in healthcare. We’ve also heard a lot about the need to place more emphasis on wellness and being accountable for patients throughout the entire continuum of care. So it was probably only a matter of time until a news item like this […]
Industry Pulse: 7.9%
That’s the national average medical office building (MOB) capitalization rate for all of 2012, according to real estate research firm Real Capital Analytics (RCA) Inc. That includes both on- and off-campus facilities, as well as MOBs of varying quality levels. Of course, it can be dangerous to generalize because a range of factors contribute to […]
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 […]
News Release: Just Closed – St. David’s Emergency Center – Bastrop
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of St. David’s Emergency Center – Bastrop. The CBRE Healthcare Capital Markets Group is pleased to announce the sale of St. David’s Emergency Center – Bastrop, a full-service freestanding emergency department consisting of 28,500 SF in Bastrop, TX to Austin-based real […]
News Release: Long Beach Memorial and McCarthy Take Key Step toward Opening of Todd Cancer Pavilion
Long Beach, Calif., (April 24, 2013)—More than 50 staff members and administrators from Long Beach Memorial, and McCarthy Building Companies, Inc., came together on Monday, April 22 to take a “key” step toward the opening of the new $31 million Todd Cancer Pavilion at MemorialCare Todd Cancer Institute at Long Beach Memorial. The keys for […]
For Sale: MMIC Medical Office Building Portfolio II – CBRE Inc.
The Offering The CBRE Healthcare Capital Markets Group is pleased to exclusively offer the MMIC Medical Office Portfolio II (“The Portfolio”) for purchase. The Portfolio consists of seven (7) medical office complexes totaling 292,974 square feet in California, Arizona, Kansas, Ohio, and Virginia. Approximately 60.3% of the portfolio is anchored by hospital tenancy, including prominent […]
For Sale: Memory Hall – 315 N. Lebanon Street, Lebanon, Indiana – CBRE Inc.
Investment Summary CBRE has been retained as the exclusive investment advisor in the REO sale of Memory Hall, a historic landmark located in Lebanon, Indiana; the county seat of Boone County—immediately northwest of Indianapolis. The acquisition of Memory Hall presents the opportunity to acquire an adaptive reuse development with several value-add opportunities. The historic […]
News Release: HOK Design for University at Buffalo’s Downtown Medical School Unveiled Today
State-of-the-art medical school and integrated transit station will anchor vibrant mixed-use district BUFFALO, N.Y. and NEW YORK – The University at Buffalo (UB) has unveiled HOK’s dramatic design for its new School of Medicine and Biomedical Sciences building on the Buffalo Niagara Medical Campus. The seven-story medical school will bring 2,000 UB faculty, staff and […]
News Release: The Sanders Trust Acquires $17 Million Inpatient
Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies located in Birmingham, Ala. announces their latest acquisition of the real estate assets associated with the Saint Joseph Rehabilitation Institute, a 40-bed inpatient rehabilitation hospital in Mishawaka, IN. The roughly 46,000 square foot facility is on the Elm Road […]
