Post-Acute & Senior Living: Senior living community, new homes planned for Centerville, Ohio
CENTERVILLE, Ohio – A new senior living community will be built on a 65-acre tract of land along Social Row Road between Sheehan and Paragon roads in Centerville. Sixty-five to 75 single-family homes also will be built on the land for a total project cost of $60 million. The main senior living complex, which will […]
Post-Acute & Senior Living: Senior housing posted occupancy gains during first quarter, NIC says
ANNAPOLIS, Md. – The average occupancy rate for senior housing facilities in the first quarter (Q1) of 2014 was 89.8 percent, an increase of 0.1 percentage points from the previous quarter and a 0.8 percentage point increase over last year. That’s according to the National Investment Center for the Seniors Housing & Care Industry (NIC), […]
Post-Acute & Senior Living: NorthStar to acquire $1.05B healthcare portfolio from Formation Capital, Safanad
NEW YORK – NorthStar Realty Finance Corp. (NYSE: NRF) announced March 17 that it has agreed to acquire a $1.05 billion healthcare real estate (HRE) portfolio from investment partnerships owned and managed by Formation Capital LLC or its affiliates and Safanad Ltd. The portfolio includes 43 primarily private-pay senior housing facilities and 37 skilled nursing […]
Publisher’s Letter: MOB demand unlikely to decrease anytime soon
I’ve been everywhere, man. Next: Nashville, Tenn. Dear Reader: After a brief pause in late 2013 and early this year, the healthcare real estate (HRE) conference schedule has once again shifted into high gear. So far in 2014, Healthcare Real Estate InsightsTM has participated in four HRE conferences, taking us to Boca Raton, Fla.; Los […]
Companies & People: NIC seeks antidote for anecdotes
Association adds chief economist to reduce sector’s reliance on assumptions By Murray W. Wolf In the absence of hard data about the U.S. economy’s impact on senior housing, decision makers in the sector must often rely on assumptions. For example, most senior living operators and real estate professionals assume that periods of weak single-family home […]
Companies & People: First MOB database to be launched
Revista, whose principals were formerly with NIC, plan to provide detailed data By John B. Mugford For years, healthcare real estate professionals have been asking where they can find a complete listing of each and every medical office building (MOB) in the country. Some say such an all-encompassing list does not exist, while others say […]
Companies & People: More HRE Company News
Fairfield Asset Advisors, a real estate advisory firm focused on healthcare, recently facilitated the refinancing of an MOB in Henderson, Nev., a suburb of Las Vegas. The building, the Coronado Medical Office Building, is at 2779 West Horizon Ridge Parkway, which is in close proximity to St. Rose Medical Center. The 40,000 square foot facility […]
Companies & People: JLL Healthcare Solutions lands assignment from 1,385-bed Main Line Health
PHILADELPHIA —Main Line Health (MLH) in Philadelphia has engaged Chicago-based Jones Lang LaSalle’s Healthcare Solutions group to oversee and enhance the system’s maintenance and engineering functions with a goal of increasing economic efficiencies, performance improvements and operational advantages. According to officials with Jones Lang LaSalle (NYSE: JLL), Main Line Health joins a growing number of […]
News Release: HSA PrimeCare Completes Development of Franciscan St. Anthony Health’s Outpatient Clinic in Lowell, Ind.
CHICAGO (April 22, 2014) — John Wilson, president of HSA PrimeCare, the national health care real estate division of Chicago-based HSA Commercial Real Estate, announced today that the firm has finished construction of the Lowell Health Center, a 12,000-square-foot outpatient clinic occupied by Franciscan St. Anthony Health – Crown Point. Located at 4500 West 181st […]
News Release: Campus Issues Request for Qualifications for Developers
As part of its 2020 Project, UC Merced seeks a private partner to nearly double size of the 10th University of California campus through a mixed-use, master-planned development. MERCED, Calif. — The University of California, Merced, opened a competitive process on April 17 by issuing a request for qualifications (RFQ) for a development team to […]
News Release: Children’s Hospital of Wisconsin will open new clinic in Western Waukesha Clinic will be developed by Ryan Companies US, Inc.
MILWAUKEE (04/21/14) – Children’s Hospital of Wisconsin is working with the Great Lakes Region of Ryan Companies US, Inc. to develop a new, 30,000-square-foot clinic in Delafield, Wisconsin. This new facility continues Children’s Hospital of Wisconsin’s commitment to provide care closer to home for the children and families it serves. Initial improvements to the 5.1-acre […]
News Release: Johnson Development Constructing New VA Facility in Huntsville
Ceremonial groundbreaking to be held on April 17 HUNTSVILLE, Ala. (April 16, 2014) – With construction underway of a new 60,150-‐ square-‐foot U.S. Department of Veterans Affairs outpatient facility in Huntsville, Johnson Development is holding a ceremonial groundbreaking for the $24 million clinic. Johnson Development began construction at the site in March. The ceremonial groundbreaking […]
News Release: Mercy Rehabilitation Hospital Springfield celebrates opening; McCarthy completes project under budget and ahead of schedule
St. Louis – Rehabilitation services in the Ozarks will receive a major upgrade this week with the opening of a new Mercy facility in Springfield, Mo. Mercy Rehabilitation Hospital Springfield, a 63,000-square-foot, two-story building, offers 60 beds and provides inpatient rehabilitation for patients who are recovering from strokes, brain or spinal cord injuries, amputations, complex […]
News Release: Partners to build skilled nursing facility
MedProperties Holdings and Equity Inc. will soon start construction on the 180-bed, 97,000 square foot Gainesville Health Care Center, which will replace the current facility GAINESVILLE, Fla., April 16, 2014 – MedProperties Holdings LLC and Equity Inc. are partnering to build a replacement skilled nursing facility for the Gainesville Health Care Center at 4816 S.W. […]
News Release: SNL Real Estate: US Equity REITS’ Capital – Raising More Than $13B YTD
As of April 4, U.S. equity REITs had generated $13.33 billion in capital year-to-date, markedly less than the $19.45 billion raised over the same period in 2013. U.S. equity REITs had raised a total of $13.33 billion in capital year-to-date as of April 4, compared to $19.45 billion raised during the same period in 2013. […]