Post-Acute & Senior Living: New Senior plans largest buy to date
‘Pure play’ senior housing REIT to pay $435M for 17-asset portfolio in 10 states By Daniel H. Larson New York-based Newcastle Investment Corp.’s spin-off company, New Senior Investment Group, recently announced its biggest deal yet.
Post-Acute & Senior Living: The Wesley Community plans $42 million senior care facility in Upstate NY
MALTA, N.Y. – Saratoga Hospital is teaming up with The Wesley Community in planning a new $42 million senior-living apartment complex in Malta, a small town about 25 miles north of Albany in Saratoga County, N.Y. The Wesley Community is a not-for-profit entity sponsored by Hutchinson, Kan.-based United Methodist Health. It currently operates a 36-acre […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Franklin Park Stone Oak of San Antonio has secured $20 million in financing to move forward on the assisted living facility’s second phase. Plans calls for adding 63 independent living units to the 99 units built in 2011. Construction would begin in the second quarter (Q2) of 2015 and completed in 2016. Chicago-based Harrison […]
REIT Report: Newcastle spin-off creates new REIT
New Senior Investment Group began trading Nov. 7 on the New York exchange By Murray W. Wolf Careful readers will notice that the Healthcare Real Estate Insights™ Index of Publicly Traded Healthcare Real Estate Investment Trusts (REITs) shown below has grown since last month. New to the index this month is New Senior Investment Group (NYSE: […]
Capital Markets: Assumable loans increase options
A lender’s flexible structure and approach should be important for borrowers By Erik Tellefson Assumable loans generally allow for the debt to be assumed by another party, typically at the lender’s discretion and in exchange for an assumption fee. While an assumption provision may seem insignificant relative to more key loan terms like rate, term, […]
Companies & People: H2C led year’s largest monetization
Investment banking, advisory firm represented Pa. system in $174.1 million sale By John B. Mugford The largest health system sale, or monetization, of a real estate asset portfolio in 2014 took place in October, when Harrisburg, Pa.-based PinnacleHealth sold eight buildings to ARC Healthcare Trust II, a non-traded real estate investment trust (REIT).
Companies & People: More Healthcare Real Estate Company & People News
■ Brandon Muzik recently joined Chicago-based Stage Equity Partners LLC, a HRE investment firm, as director of acquisitions. His primary responsibilities include sourcing, underwriting and closing transactions. “Brandon’s professional experience in the healthcare real estate industry is a great asset to Stage,” said Brian Howard, who is a principal of the firm along with Russell […]
News Release: Paris Regional Medical Center to Add 40,000 SF Medical Pavilion to Campus
PARIS, Texas, Jan. 22, 2015 – A new addition is coming soon to the campus of Paris Regional Medical Center (PRMC). Groundbreaking for the Paris Regional Medical Pavilion – a 40,000 square foot medical office building – is slated to occur this summer. The new facility, which will connect to the main hospital, is designed […]
News Release: Carter Validus Mission Critical REIT II Acquires Three Medical Facility Properties in December 2014
(Tampa, FL) – Carter Validus Mission Critical REIT II, Inc. (the “Company”) announced that it acquired three medical facility properties, the Baylor Surgical Hospital at Fort Worth, the Baylor Surgical Hospital Integrated Medical Facility and the New England Sinai Medical Center, for a combined purchase price of $76.8 million. The Baylor Fort Worth Medical Center […]
News Release: Transwestern│RBJ Advises Shire in 202,000 SF Lease, Creating Boston’s Largest Suburban Biotech Campus
(January 22, 2015 – Boston) – Transwestern | RBJ today announces the firm brokered a long-term lease totaling 202,492 square feet of office space for Shire a leading biopharmaceutical company, at Two Ledgemont Center in Lexington, Massachusetts. Transwestern | RBJ’s Robert Richards, president, and Brian Cohen, senior vice president, represented Shire in the lease for […]
News Release: MedProperties launches, funds and fully deploys third investment fund
Private equity firm MedProperties Holdings LLC is partnering with The LaSalle Group Inc. to develop four memory care communities in Kansas, Georgia, South Carolina and Florida DALLAS, Jan. 21, 2015 – Most real estate investment funds take months or even years to be fully funded and deployed. But if the fund sponsor has a winning […]
News Release: TARZANA- OFFICE BUILDING TRADES FOR $28.65 MILLION
$28.65 MILLION SAN FERNANDO VALLEY MEDICAL OFFICE BUILDING SALE ARRANGED BY MARCUS & MILLICHAP TARZANA, Calif., Jan. 20, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Tarzana Professional Center, a 160,345-rentable-square-foot office campus in Tarzana, […]
News Release: Griffin-American Healthcare REIT III Completes Property Acquisitions Totaling More Than $340 Million
Fast-growing real estate investment trust discloses additional $530 million in pending acquisitions IRVINE, Calif. (Jan. 16, 2015) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced today that the REIT recently completed the acquisition of 19 healthcare properties for an aggregate purchase price of approximately $340 million. […]
News Release: Just Closed-Stanly Regional West Medical Center
CBRE is pleased to announce the sale of the Stanly Regional West Medical Center in Locust, North Carolina for $7,525,000 or $359 per square foot. Lee Asher and Chris Bodnar of CBRE’s Healthcare Capital Markets Group teamed with Frank Larsen in the North Carolina market as the Seller’s exclusive advisor. Built in 2008, the Stanly Regional West Medical Center is […]
