Editor’s Letter: Swish! MOBs are hot
High prices are compelling owners to cash in Dear Reader: When a basketball player has a fantastic game, scoring plenty of points, grabbing bunches of rebounds and dishing out myriad assists, he or she is said to have “filled up the stat sheet.” In the second half of 2014, it’s the healthcare real estate (HRE) […]
Post-Acute & Senior Living: LCB takes its brand to Vermont
The senior housing operator purchases two properties for $82.4 million By Dan Larson The small state of Vermont recently experienced one of the largest private transactions in its history, courtesy of the red-hot seniors housing market. Norwood, Mass.-based LCB Senior Living LLC acquired two properties in the Green Mountain State, paying a total of $82.4 […]
Post-Acute & Senior Living: ARC Healthcare Trust II buys 12 senior housing properties in Iowa
IOWA – New York-based ARC Healthcare Trust II Inc. continues to add to its growing portfolio of healthcare-related facilities. The non-traded real estate investment trust (REIT) recently announced the acquisition of 12 SunnyBrook senior housing properties in a number of Iowa cities for $164.2 million.
Post-Acute & Senior Living: Harrison Street acquires 11 senior housing properties, partners with Brightview
CHICAGO – Harrison Street Real Estate Capital (HSRE) of Chicago recently announced the $520 million acquisition of 11 senior housing properties from Baltimore-based Shelter Group’s Brightview Senior Living. The properties are located in Baltimore, Boston, Philadelphia, Staunton, Va., and Newport, R.I. “This investment complements our existing portfolio and highlights our firm’s various cost of capital […]
REIT Report: Carter Validus keeps on buying
Non-traded REIT continues to rack up healthcare real estate purchases in Q3 By John B. Mugford These are busy times for the healthcare real estate (HRE) investment arms of Atlanta-based Carter, the long-time commercial real estate investor, developer and advisory firm. So busy, in fact, that the firm recently launched its second unlisted real estate […]
Capital Markets: Financing ‘trophy’ MOB assets
It’s important to consider a lender’s expertise among other factors By Erik Tellefson The definition of a “trophy” medical office building (MOB) asset is relatively hard to pin down. But real estate professionals typically consider trophy assets as MOBs with large square footage (over 250,000 square feet), strong tenancy, solid space usage, and striking visual […]
Companies & People: New HRE investor makes first deals
Nashville-based MedEquities Realty Trust starts with a five-property portfolio By Dan Larson A new healthcare real estate investment company is joining the ever-expanding pool of healthcare real estate (HRE) investors and is making its first big dip into the market. Nashville, Tenn.-based MedEquities Realty Trust Inc. recently announced that it has completed an initial private […]
Companies & People: Akron General partners with The Boldt Co. to develop wellness centers
AKRON, Ohio – Akron General Health & Wellness Innovations, part of the Akron General Health System, is teaming up with the Boldt Co. of Appleton, Wis., to expand its popular wellness centers on a national footprint. The two entities recently signed a memorandum of understanding (MOU) to collaborate on future projects. The wellness centers, designed […]
Companies & People: The Sanders Trust develops two new healthcare properties in the DFW area
BIRMINGHAM, Ala. – As one project ends, another begins. Such is the case for Birmingham-based real estate developer The Sanders Trust (TST) as it expands its portfolio in the Dallas-Fort Worth Metroplex. The company recently announced the completion of Lake Granbury Medical Center, a 41,000 square foot MOB near Fort Worth. The three-story facility cost […]
Companies & People: NGKF healthcare team brokers sale of three MOBs for $117.74M
NEWPORT BEACH, Calif. – The Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF), which has major offices in Newport Beach, Calif., and Atlanta, recently represented the sellers in the closing of three significant MOB transactions. The team is composed of Todd Perman and Garth Hogan, both of whom are executive managing directors, and […]
Companies & People: Buffalo contracting firm is awarded $226 million contract for medical sch
BUFFALO, NY. – LPCiminelli has made a name for itself rather quickly in healthcare development in the Buffalo area. The general contracting firm was recently awarded the construction bid for the second, and largest, phase of the future University at Buffalo School of Medicine and Biomedical Sciences project. The contract is worth $226 million, which, […]
Companies & People: Michael Huaco leaves Kaiser Permanente, now with McKesson Corp.
SAN FRANCISCO – During his time at Oakland, Calif.-based Kaiser Permanente, Michael Huaco often represented the company on various panel discussions at healthcare real estate conferences. And rightly so, as Mr. Huaco was the VP of corporate real estate and business strategy for the giant health insurance and healthcare provider that owns well over 64 […]
Companies & People: Regional healthcare developer bolsters team in New York
FISHKILL, N.Y. – Westage Cos., a regional healthcare development firm in an area about 50 miles north of New York City, has been adding people to its team in recent months. Among the additions, Lisa Westerfield has been hired as the associate VP of business development. Ms. Westerfield recently worked in the Philadelphia area as […]
Companies & People: HFF adds to its healthcare platform
Formerly at Savills, Philip B. Mahler joins company’s medical real estate team By John B. Mugford HFF continues to beef up its national healthcare real estate practice. In January, the company hired well-known healthcare real estate (HRE) professional W. Michael Bennett as a managing director focused on medical real estate transactions. So far, 2014 has […]
