Transactions: Carter Validus taking $117M portfolio
20-building, five-state portfolio is occupied by 21st Century Radiation Oncology By John B. Mugford As of the end of March, Carter Validus Mission Critical REIT Inc. was in the process of acquiring a five-state, 20-building portfolio of medical office buildings (MOBs) that are fully occupied by Fort Myers, Fla.-based 21st Century Radiation Oncology.
Outpatient Projects: MOB is key part of mixed-use project
$110M development near hospital in Albany, N.Y., is part of neighborhood remake By Connie M. McCaffrey In what is being called “game changing,” a $110 million mixed-use redevelopment of two whole blocks of the once-struggling, working-class Park South neighborhood in Albany, N.Y., is moving full speed ahead.
Outpatient Projects: New York Methodist Hospital, preservation group reach accord on outpatient center
BROOKLYN, N.Y. – Now that its legal battle with a local preservation group is over, New York Methodist Hospital in Brooklyn is moving forward with plans to develop a six-story, u-shaped outpatient center in the Park Slope neighborhood.
Outpatient Projects: 12-story tower in Brooklyn will include healthcare, office and retail space
BROOKLYN, N.Y. – Healthcare is being looked upon as an essential element of a project that’s part of a renaissance taking place in the Fort Greene neighborhood of Brooklyn.
Outpatient Projects: More Outpatient Real Estate Project News
St. Anthony Memorial Hospital in Effingham, Ill., recently received the green light from the Illinois Health Facilities and Services Review Board to proceed with a $14 million, 22,352 square foot ambulatory care center just a few blocks from the hospital. The facility would be connected to the existing Effingham Medical Center office building at 900 […]
Outpatient Projects: New MOB fills a need for tenants in Memphis suburb
GERMANTOWN, Tenn. – It’s been nearly five years since any new, rentable medical office space has opened in the Germantown area in the eastern suburbs of Memphis. Now, Memphis-based Cypress Realty Holdings Co. has completed the two-story, 36,000 square foot Medical Arts II Building in a well-known medical corridor in Germantown, about 20 miles southeast […]
Inpatient Projects: $280M project wrapping up in Cincy
Christ Hospital in Mount Auburn area getting new 90-bed Spine and Joint Center By John B. Mugford A three-year, $280 million transformation project at the Christ Hospital campus in the Mt. Auburn section of Cincinnati is nearing completion. The centerpiece of the project is the new Joint and Spine Center, a 90-bed, 355,000 square foot […]
Inpatient Projects: Debate continues: Outpatient versus inpatient facility in San Clemente, Calif.
SAN CLEMENTE, Calif. – As the country’s healthcare system continues to shift toward an outpatient delivery model, perhaps one thing is being forgotten: the wishes of residents in favor of retaining their local hospitals.
Post-Acute & Senior Living: Upgrades to upscale Casa Dorinda senior community come with $30M price tag
MONTECITO, Calif. — The upscale senior community, Casa Dorinda, in the Santa Barbara enclave of Montecito, once a lavish private residence, has been working on a facelift for its master plan over the past 10 years. Recent estimates put those proposed upgrades at about $30 million.
Industry Pulse: On the Record
What has been the effect of the surge in healthcare M&As on your portfolio? “We’ve had great leasing momentum in our portfolio as our occupancy is up, and about 50 percent of our new leasing was solely the result of systems already in our portfolio expanding their suites. So we’re seeing bigger tenants and better […]
Post-Acute & Senior Living: Friendship Village of Dublin, Ohio, to undergo five-year, $61 million expansion
COLUMBUS, Ohio — Central Ohio’s largest retirement community is about to get a lot bigger. Friendship Village of Dublin recently announced it will undergo a five-year, $61 million expansion, with plans to add a senior apartment building with 51 units and extensive renovations to existing facilities.
Post-Acute & Senior Living: Enlivant closes on $334.4M Fannie Mae credit facility from KeyBank Real Estate
CHICAGO – Enlivant (formerly Assisted Living Concepts) of Chicago recently closed a $334.4 million Fannie Mae credit facility from KeyBank Real Estate Capital for a national portfolio of senior living communities.
Post-Acute & Senior Living: Former Accretive CEO raising $500M to invest in healthcare, including senior living
CHICAGO – A subsidiary of a new private equity firm founded by the former CEO of Accretive Health Inc. is beginning to acquire senior living facilities.
Post-Acute & Senior Living: Capital Seniors Housing announces four new senior communities to open in 2015
WASHINGTON, D.C. – Capital Seniors Housing (CSH), a senior housing real estate development and investment firm, recently announced four new senior housing communities across the country opening in 2015.
Companies & People: Growing company is focused on ERs
Medical Properties Trust is part of Adeptus Health’s plan for national expansion By John B. Mugford Even as the traditional acute care hospital loses some of its luster and importance in the country’s healthcare delivery care model, the emergency room (ER), be it on a hospital campus or in a freestanding location, is likely to […]