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 […]
Post-Acute & Senior Living: More Post Acute and Senior Living News
■ A 118,498 square foot expansion is slated for Salemtowne, a CCRC in Winston-Salem, N.C. The property recently received final approval from the state to begin the $42 million project, which will include a replacement skilled nursing facility. The current skilled nursing center will be converted to assisted living. Construction is to begin in 2015 […]
Companies & People: Velocis to raise $300M for next fund
Private equity firm hopes to target larger medical and retail assets and portfolios By Dan Larson In March of 2013, Velocis Fund LP completed its final closing on its first fund, aptly titled Velocis Fund I. Since that time, the Dallas-based private equity real estate fund has been working hard on Velocis Fund II, which […]
News Release: Carter Validus Mission Critical REIT II Acquires Its First Property
Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced that it acquired its first property, Cy-Fair Surgery Center, a 13,645 square foot ambulatory surgery center located in Houston, TX. The facility is located on the campus of Cypress Fairbank Hospital, which offers convenient access for patients and physicians and nearby hospitals that serve […]
Companies & People: Optimal Outcomes to develop MOB
Firm plans mid-2015 opening for 38,000 square foot facility in Tampa, Fla., area By Dan Larson Optimal Outcomes LLC of St. Petersburg is expanding its brand to Brandon, Fla. The city is situated just 12 miles east of Tampa and is one of Florida’s fastest growing communities. The real estate developer plans to break ground […]
Companies & People: Ensemble becomes real estate advisor to Phoenix Children’s Hospital
PHOENIX – After years of partnering on various projects, Phoenix Children’s Hospital and Ensemble Real Estate Solutions have agreed on a long-term union, making Ensemble the hospital’s exclusive real estate advisor. The Phoenix-based healthcare real estate (HRE) firm will oversee 12 leases in nine locations with 116,000 total square feet.
Companies & People: Lincoln Harris providing leasing at two MOBs; negotiates lease at another
DALLAS – Charlotte, N.C.-based Lincoln Harris CSG is in the midst of providing leasing services for two separate healthcare developments – one a remodeling project – underway in the Dallas area.
Companies & People: HCP teams with Transwestern to lease Houston MOB
HOUSTON – HCP Inc. (NYSE: HCP) in recent months broke ground on a 100,000 square foot Class A MOB on the campus of Memorial Hermann Pearland Medical Center in Pearland, Texas, outside of Houston. To lease up the new building, HCP has tapped national real estate firm Transwestern.
Companies & People: More Companies & People News
■ Brasfield & Gorrie recently completed the $16 million Healthplex Performance Center in Madison, Miss. The Birmingham, Ala.-based firm was the general contractor for the two-story, 100,000 square foot sports complex and MOB, which includes a training floor with strength and cardio equipment, indoor walking track, indoor pool, therapy pools, indoor field house and athletic […]
News Release: Ryan Companies US, Inc. Hires Erwin Effler III as Vice President of Development – Health Care
Minneapolis (August 22, 2014) — Ryan Companies US, Inc. is pleased to announce Erwin Effler III has been hired as Vice President of Development – Health Care in the North Region. In his new position, Erwin works closely with health systems, physician groups, and other healthcare providers across the nation facilitating their growth strategies through […]
News Release: Knutson Construction shares “Top 10 Considerations in Healthcare Renovation”
Minneapolis — “Top 10 Considerations in Healthcare Renovation” is a new paper from Knutson Construction sharing its extensive experience in healthcare facilities renovation projects and key points that should be addressed when selecting a contractor. The paper can be viewed online. “Having led over 150 healthcare construction projects for over 20 different organizations in the […]
News Release: Revista medical property data now available for the Mid-Atlantic, Southeast and Midwest regions
The healthcare data firm continues its roll out of the first widely available, comprehensive medical real estate database with today’s launch of its PropertySearch™ tool for the three additional regions ANNAPOLIS, Md., Aug. 21, 2014 – Revista, a one-stop source for healthcare and real estate organizations to obtain industry-focused data, is “on a roll.” Today […]
News Release: INTEGRATED COMMUNITY CARE CENTER RIBBON CUTTING CEREMONY
LOS ANGELES – VA Greater Los Angeles Healthcare System (VAGLAHS) will be hosting a Ribbon Cutting Ceremony on 29 Aug. from 10 a.m. to Noon for the new Integrated Community Care Center (ICCC) Veteran homeless program located on the VA West Los Angeles Medical Center Campus, Building 402. The ICCC streamlines care provided to homeless […]