Inpatient Projects: West Virginia hospital breaks ground with the help of $31.8M USDA loan
MADISON, W.Va. – Boone Memorial Hospital CEO Tommy Mullins finally got the groundbreaking ceremony he wanted. After 12 years of waiting and planning, construction has officially started on the hospital’s new replacement facility in Madison, a rural town about 25 miles south of Charleston, W.V.
Inpatient Projects: Covenant Health announces a $40 million expansion in Plainview, Texas
PLAINVIEW, Texas — Covenant Health has announced a $40 million expansion and remodeling project for its campus in Plainview, a small Texas town about 75 miles south of Amarillo. The project will revamp every aspect of the hospital by expanding the operating rooms, remodeling the patient rooms, and creating new office space. It is expected […]
Inpatient Projects: UF Health set to build new $125 million hospital in Northside Jacksonville
JACKSONVILLE, Fla. — After an extended legal battle, UF Health has been given final approval to build its planned $125 million hospital in an area known as Northside Jacksonville. The plan for the new hospital was initially approved by the state in 2012, but construction was delayed when Memorial Hospital Jacksonville, part of HCA Holdings […]
Inpatient Projects: Congressman proposes build-lease option to fund new VA hospital in Omaha
OMAHA, Neb. — Plans for a new hospital for the VA Nebraska-Western Iowa Health Care System have been delayed temporarily by the U.S. Department of Veterans Affairs.
Inpatient Projects: More Inpatient Projects News
■ Officials at York, Neb.-based General Hospital recently announced that they are beginning the first phase of a $17 million, multi-year construction and renovation project. The first phase includes 21,000 square feet of new construction and 13,000 square feet of renovations to expand and relocate the Rehabilitation Services Department and Specialty Clinic and construct additional […]
Industry Pulse: HTA also makes relatively small MOB acquisitions
Healthcare Trust of America was Q2’s top MOB buyer, with deals both large and small. Formed in 2006, Healthcare Trust of America Inc. (NYSE: HTA) now owns nearly 15 million square feet of mostly medical office building (MOB) space in 27 states. But while HTA recently grabbed headlines for its acquisition of 11 large MOBs […]
Industry Pulse: Foreign capital to fund senior housing
PDC Group taps EB-5 investor program to raise $250 million Costa Mesa, Calif.-based PDC Capital Group recently announced plans to use more than $250 million from foreign investors to fund 25 new SummerPlace Assisted Living & Memory Care Facilities around the country.
Editor’s Letter: And the winner is…maybe you!
Dear Reader: “It’s about time.” That pretty much sums up what people told us last year when we introduced the HREI Insights Awards™, the only comprehensive national awards totally dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. We had a great response last year (thanks to you) […]
Post-Acute & Senior Living: Bright Oaks Group expands to Florida
Illinois-based company is set to build three new senior communities by 2016 By Dan Larson With more than 4.2 million senior citizens living in Florida, it’s no surprise that the retirement industry is the state’s second largest economic sector, according to the Florida Department of Elder Affairs. As a result, the high demand for senior […]
Post-Acute & Senior Living: CNL Healthcare Properties acquires eight senior housing communities
ORLANDO, Fla. – CNL Healthcare Properties Inc., a non-traded real estate investment trust (REIT), recently paid about $187.2 million to acquire eight senior housing communities in Texas and Illinois from Dallas-based South Bay Partners Ltd.
Post-Acute & Senior Living: CCRC on Long Island files for chapter 11 bankruptcy to restructure bond debt
PORT WASHINGTON, N.Y. – With $220 million in debt, the Amsterdam at Harborside on Long Island has officially filed for Chapter 11 bankruptcy. The upscale continuing care retirement community (CCRC) has experienced financial stress since opening in 2010, the midst of the Great Recession.
Post-Acute & Senior Living: Ashby Ponds opens new $30 million apartment building on its campus
ASHBURN, Va. – Baltimore-based Erickson Living recently opened a new residential apartment building on its Ashby Ponds community campus in Ashburn, a city in far northern Virginia.
Post-Acute & Senior Living: New $12 million memory care facility to open next year in Chicago suburb
GURNEE, Ill. – The Village of Gurnee will get a much-needed boost in elderly care units starting in May 2015, as work is underway on a $12 million memory care facility to serve the area.
Post-Acute & Senior Living: Formation Capital and Safanad Ltd. join to buy $150 million portfolio
ATLANTA – Two big investment firms have yet again joined together to expand their portfolios. Alpharetta, Ga.-based Formation Capital, a healthcare focused private investment firm, and New York-based Safanad Ltd., a principle investment firm, recently announced that they have a formed a partnership to acquire 14 skilled nursing facilities (SNFs) in three states for $150 […]
REIT Report: NorthStar surges into MOB arena
Pending $4B acquisition of G-A REIT II is one of the largest HRE deals in years By Dan Larson Currently, medical office buildings (MOBs) comprise about 0.2 percent of the healthcare portfolio owned by New York-based NorthStar Realty Finance Corp. (NYSE: NRF). By the end of this year, however, that number should multiply significantly, to […]
