Industry Pulse: NexCore nabs Jones Lang Lasalle’s hot property
Denver-based firm agrees to acquire California and Arizona MOB portfolio for $114 million A recent U.S. Securities and Exchange Commission (SEC) filing reveals that NexCore Development LLC has agreed to acquire the 13 buildings being offered for sale by Jones Lang LaSalle (JLL) Income Property Trust Inc. as part of the so-called Dignity Health Medical […]
Editor’s Letter: Biggest MOB deal ever?
Harrison Street-WRIT agreement has us wondering Dear Reader: According to our records at Healthcare Real Estate Insights™, our feature story concerning the $500.75 million deal between Harrison Street and Washington Real Estate Investment Trust (WRIT) could be the largest arm’s length sale involving an existing portfolio of MOBs in sector history. I say could be, […]
Post-Acute & Senior Living: More Senior Living News
■ CNL Lifestyle Properties Inc. of Orlando, Fla., says it recently acquired senior living communities in Montana and Oregon for a total of about $45.85 million. The Orlando-based real estate investment trust (REIT) says it acquired Bozeman Lodge, a 131-unit independent and assisted living community in Bozeman, Mont., and Pioneer Village, a 99-unit independent and assisted […]
Companies & People: JLL to oversee large system’s portfolio
Firm’s Healthcare Solutions Group to manage Adventist’s 8.1 million square feet By John B. Mugford Count Adventist Health, a system with 19 hospitals and numerous outpatient facilities in four Pacific states, among those turning to third-party real estate firms to oversee, manage and provide strategies for their real estate portfolios. The Roseville, Calif.-based system has […]
Companies & People: Irgens completes MOB for system in growing area of Sioux City, Iowa
SIOUX CITY, Iowa– Milwaukee-based Irgens and Sioux City hospital UnityPoint Health-St. Luke’s recently opened a new $26.7 million MOB in a growing area of the city. Sunnybrook Medical Plaza is a two-story, 86,315 square foot facility that, according to health system officials, will serve as a regional hub for outpatient healthcare delivery in what is […]
Companies & People: Duke Realty completes outpatient campus for Northside Hospital
WOODSTOCK, Ga. – A four-story, 100,797 square foot medical office building (MOB) developed by Indianapolis-based Duke Realty Corp. has opened just off U.S. Interstate 575 in Woodstock, about 25 miles north of Atlanta. The MOB carries the flag of Northside Hospital-Cherokee, whose future replacement hospital is being constructed about 11 miles to the north, in […]
Companies & People: Neil Carolan, BOMA co-chair and former hospital executive, joins Rendina Cos.
JUPITER, Fla. – Neil Carolan, well-known in the healthcare real estate (HRE) sector through his involvement with the annual BOMA Medical Office Building and Healthcare Facilities Conference, recently joined Jupiter-based Rendina Cos. His role as senior VP of business development is to generate new business opportunities and expand healthcare relationships for the firm’s West Coast […]
Companies & People: New HRE firm buys Texas hospital, looking for more opportunities
DALLAS – A new, potentially nationally focused healthcare real estate firm launched its operation in recent months with the purchase of what was previously known as The Hospital at Craig Ranch in McKinney, Texas. The new real estate firm, Dallas-based Forge Realty Partners, along with its main tenant in the facility, The Woodlands, Texas-based Victory […]
Companies & People: Hammond Hanlon Camp adds three executives to its growing staff
NEW YORK – New York-based Hammond Hanlon Camp (H2C), an advisory and investment banking firm focused on the healthcare sector, recently added three people to its national staff. In New York, the company hired
Companies & People: More HRE Company News
■ HCP Inc. (NYSE: HCP) has been named the global and North American leader for the healthcare sector by the Global Real Estate Sustainability Benchmark (GRESB). It is the second consecutive year that Long Beach, Calif.-based HCP was ranked No. 1 among survey respondents within its sector. HCP was also awarded the
REIT Report: Pay attention to a REIT’s payor mix
A differing blend of MOBs, post-acute and senior living assets affects valuations By Murray W. Wolf With the aging of the U.S. population, many investors have jumped on the healthcare real estate investment trust (REIT) bandwagon during the past decade, and more have piled on since the passage of the Patient Protection and Affordable care […]
