Post-Acute & Senior Living: CNL Lifestyle Properties buys two communities in Atlanta metro area
ORLANDO, Fla. – Sponsored by CNL Capital Group, CNL Lifestyle Properties Inc. is a real estate investment trust (REIT) that focuses on demographically driven properties featuring everything from ski resorts to golf courses. Along with recreation and attractions, the REIT has also made a name for itself in the senior housing market.
Post-Acute & Senior Living: Construction begins on $75 million senior living high-rise in Hawaii
HONOLULU – San Francisco-based Island Paradise Investments is finally bringing its business to the Aloha State. After several years of delay, construction has begun on Kalakaua Garden, a $75 million senior living high-rise in Honolulu. The 17-story, high-end living facility features 106 assisted living units, 32 memory care units and 49 skilled nursing beds. It […]
Post-Acute & Senior Living: Otterbein Senior Lifestyle Choices plans $20 million expansion to CCRC in Ohio
LEBANON, Ohio – Otterbein Senior Lifestyle Choices is looking to expand its continuing care retirement community (CCRC) in Lebanon, a small town in southwestern Ohio. The senior care operator, also based in Lebanon, will soon begin construction on a $20 million addition to its current facility to add more housing.
Post-Acute & Senior Living: More Senior Living News
■ The Ambassador of Scarsdale is nearing completion and is expected to open in February 2015. The $45 million assisted living and memory care facility in the New York suburbs features a three story building with 95 studio and two-bedroom apartments, as well as 20 memory care apartments. Perkins Eastman of New York designed the […]
REIT Report: ARC REITs unfazed by sponsor errors
Exec says healthcare funds were cleared in investigation into accounting mistakes By John B. Mugford Fallout from a potential accounting fraud scandal can be quite damaging and far-reaching for any large company, but what about the independent, somewhat related entities that share the umbrella firm’s name? Time will only tell whether a self-admitted, $23 million […]
REIT Report: Physicians Realty Trust closes on acquisitions of seven assets totaling $114M
MILWAUKEE – Physicians Realty Trust (NYSE: DOC) announced Oct. 1 that it has closed on previously announced acquisitions consisting of seven different properties totaling about $114.1 million of investments. Together, these acquisitions will average a first year unlevered cash yield of approximately 7.4 percent. The assets that were acquired include:
Companies & People: New phase complete at N.C. hospital
Hammes Company wraps up project on time and under budget By John B. Mugford The latest phase of a massive campus transformation project at Moses H. Cone Memorial Hospital in Greensboro, N.C., is complete, with Brookfield, Wis.-based Hammes Co. acting as the project manager. The latest phase of a multi-phase campus master plan includes 96,000 […]
Companies & People: Fairfield Asset Advisors brokers sale of Texas MOB to Harrison Street
DENTON, Texas – Denver-based Fairfield Asset Advisors in recent weeks brokered the sale of an on-campus, 40,800 square foot medical office building (MOB) in Denton, just outside of Dallas. Real Capital Analytics (RCA) says the buyer was Chicago-based Harrison Street Real Estate and the price was $10.8 million, or about $265 per square foot (PSF). […]
Companies & People: More Company & People News
■ Health Care REIT Inc. (NYSE: HCN) in recent months announced several executive promotions, title changes and expansions of roles. Scott M. Brinker is now EVP – chief investment officer. He is responsible for establishing the company’s investment strategy and managing all aspects of the investment process. Mr. Brinker has played what the company says […]
News Release: Erlanger selects HKS / McCarthy for Children’s and Women’s Project
CHATTANOOGA, Tenn. (October 16, 2014) – After a national search, including interviews with 25 firms, Erlanger selected two teams for consideration to plan, design and build the first phase of major campus revitalization at the downtown campus on 3rd street. Both teams spent time in Chattanooga. This was followed by a team from Erlanger spending […]
News Release: News media invited to landmark Revista healthcare real estate data launch conference
The firm’s Nov. 19-20 National Launch & Executive Forum in Chicago will be the first HRE event to combine the expert insights of HRE thought leaders with detailed regional and national medical property information What: A national conference entitled “The Competitive Advantage in Healthcare Real Estate: Emerging Data & Expert Strategies” When: Wednesday, Nov. 19, […]
For Sale: 100% Occupied Medical Office Opportunity
The Offering CBRE Inc. has been retained by ownership as the exclusive marketing advisor for the sale of the New Albany Professional Building located at 2800 Route 130 in Cinnaminson, NJ (“the Property”). Totaling 11,009 SF, New Albany Professional Building is a 100% occupied medical office property featuring long-standing tenancy and a history of high […]
News Release: Design-Build Institute of America Honors Two McCarthy Projects for Exemplary Collaboration
Awards showcase design-build best practices, achieving budget and schedule goals, and exceeding owner expectations St. Louis (October 23, 2014) – McCarthy Building Companies, Inc. is proud to announce two of the firm’s healthcare projects have been recognized by the Design-Build Institute of America (DBIA) for exemplary collaboration and integration in design-build project delivery. The California […]
News Release: API HEALTHCARE HEADQUARTERS BUILDING SELLS FOR $13 MILLION
HARTFORD, Wis., Oct 22, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a triple-net-leased, 73,756-square-foot office property in Hartford, Wis. The $13 million sales price equates to $176 per square foot. Jeff Rowlett, vice president […]
News Release: Duke Realty’s Deeni Taylor explains how real estate must evolve to meet providers’ needs
At recent InterFace Healthcare Real Estate conference, the firm’s EVP of Healthcare shared strategies for helping hospitals and health systems to cut costs and better serve patients DALLAS and INDIANAPOLIS, Oct. 22, 2014 – Real estate strategies can and must change to adapt to the healthcare industry’s changing needs. That was the core message from […]