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 […]
News Release: CNL Names Three Executives to Manage and Grow Healthcare Portfolio
(ORLANDO, Fla.) April 22, 2013 — CNL Financial Group recently promoted three key executives who lead the company’s growing portfolio of healthcare real estate. Sharon Yester, Kevin Maddron and James Schmid will oversee efforts to strengthen and grow investments in senior housing and healthcare properties. Yester has been named chief healthcare strategist and will direct […]
News Release: The Sanders Trust Acquires $17 Million Inpatient Rehabilitation Hospital in South Bend, Indiana
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 […]
Thought Leaders: The $36 million mistake
Why hospitals and health systems need to be aware of real estate risks By Deeni Taylor, Executive Vice President, Duke Realty, and John D. Claybrook, Partner, Waller Lansden Dortch & Davis LLP Deeni Taylor John Claybrook Did you know that medical centers in Libertyville, Ill., and Detroit recently paid $36 million and $30 million in […]
News Release: MedProperties Holdings launches second investment fund
$150 million fund will enable private equity firm to build upon and expand successful strategy employed with first fund DALLAS, April 17, 2013 – After successfully deploying the capital from its first $50 million discretionary investment fund into 12 investments in 19 healthcare facilities, Dallas-based real estate private equity firm MedProperties Holdings LLC has launched […]
News Release: Brooks Barton joins American Healthcare Investors as vice president of seniors housing
NEWPORT BEACH, Calif. (April 15, 2013) – American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, announced today that Brooks Barton has joined the company as vice president of seniors housing.“Brooks is an accomplished healthcare professional with extensive experience in the specialized field of senior […]
News Release: Plaza Companies creates powerhouse brokerage team to serve as “center of gravity” in medical office real estate
Megan Sherwood and Perry Gabuzzi of Transwestern and Michael Morton and Aaron Kuhl of MOB Joining Formidable Leasing Team In one of the most significant developments in the Arizona medical office marketplace in recent memory, Plaza Companies has announced expanding its team with some of the Valley’s most recognized and successful medical office brokers to […]
News Release: Hammes Company again tops list of healthcare developers
National firm ranks No. 1 on annual list with more than $1.1 billion in completed projects in 2012, earning the top spot for the 13th time in the past 14 years BROOKFIELD, Wis., April 15, 2013 – Hammes Company has once again topped the annual list of America’s leading healthcare facility developers. Hammes Company completed projects totaling […]
