Capital Markets: Extension options provide flexibility
Loan terms with extension options make it easier for borrowers to manage timing By Erik Tellefson The length of time between a loan closing and its maturity (loan term) is an important consideration when evaluating lending options. A loan term that is too short may not allow for the borrower to execute on its business […]
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Russell Construction Co. has proposed The Point, a three-phase $42 million, senior living community on about 9 acres in Moline, Ill. According to The Dispatch, a local newspaper, the $25 million first phase of development would include 65 independent living units, 52 assisted living units and 18 memory care units. The $11.9 million second phase […]
Editor’s Letter: Calmer at conferences
Moderating panel discussions is easier these days Dear Reader: It has probably been about a decade since we at Healthcare Real Estate Insights™ started getting invited to moderate panel discussions at healthcare real estate (HRE) conferences throughout the country.
Post-Acute & Senior Living: NHI lends $154.5M for CCRC project
Firm will use funds to recapitalize and expand Seattle-area senior living campus By Erin E. Porter National Health Investors Inc. (NYSE: NHI) recently announced finalization of a $154.5 million loan to Timber Ridge at Talus, a Seattle-area entrance-fee senior living community. The Class A community, located in the southeast suburb of Issaquah, will use the […]
Post-Acute & Senior Living: HCP, Brookdale, plan $849M deal
REIT and operator use RIDEA structure to acquire 5,025-unit Chartwell portfolio By Murray W. Wolf Healthcare real estate investment trust (REIT) HCP Inc. (NYSE: HCP) and senior living operator Brookdale Senior Living Inc. (NYSE: BKD) announced March 17 that they have entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of 35 private-pay senior living […]
Industry Pulse: Micro Hospitals: What’s the Big Idea?
Micro hospitals include urgent care, EDs and inpatient beds. Healthcare providers are exploring every possibility these days when it comes to healthcare real estate (HRE) product types that can support delivery models that improve quality, increase efficiency, reduce costs, provide more convenient patient access and expand market share.
Post-Acute & Senior Living: Cambridge sees upswing in 2015 loans, arranges refis for S. California communities
CHICAGO – Cambridge Realty Capital Cos. has gotten 2015 off to a fast start with an increase in loan origination requests, and announced two HUD Lean Loans for senior communities in the Los Angeles area.
Industry Pulse: Hurricane Sandy Opens Door To Outpatient Plan
Apparently not even a hurricane can stem the tide toward an outpatient delivery model. Three years after Hurricane Sandy devastated parts of the East Coast, the owner of a shuttered hospital just outside of New York City has announced that the facility could eventually be reconstructed, but not as an inpatient facility.
REIT Report: Med Properties Trust finding deals
The REIT buys hospitals in Kansas and Nevada; also makes foray into the U.K. By John B. Mugford In this, the era of healthcare reform and increased competition, hospitals continue to explore ways to improve their bottom lines while feeling pressure to upgrade their medical technology and expand their service offerings.
Post-Acute & Senior Living: Sinai Residences to be completed in December; sells out, starts waiting list
BOCA RATON, Fla. — The upscale Sinai Residences in Boca Raton, which is scheduled to open in December, is sold out and has started a waiting list, its organizers announced recently.
Companies & People: Five questions for: Malcolm S. Sina
Two years after leaving Lend Lease, he is back at developing healthcare facilities By John B. Mugford When Malcolm S. Sina first started developing medical office buildings (MOBs) in the mid-1990s, most health systems were accustomed to, and comfortable with, developing their own MOBs with their own capital.
Companies & People: HRE Capital was advisor on the sale of ASCs in Houston and St. Joseph, Mo.
HOUSTON and ST. JOSEPH, Mo. – Healthcare Real Estate Capital (HRE Capital), a national advisory firm focused on the HRE sector, acted as the financial advisory firm to a group of physicians who recently sold standalone ambulatory surgery centers (ASCs) in Houston and St. Joseph.
Companies & People: More Healthcare Real Estate Company & People News
CNL Financial Group recently hired Scott McCorvie as VP of acquisitions. Mr. McCorvie has extensive experience working with senior housing and HRE and will continue to focus on those sectors. Prior to joining Orlando, Fla.-based CNL, Mr. McCorvie was the manager of investments at Sentio Investments LLC, also of Orlando, where he served as an […]
News Release: BGLRP Expands its National Healthcare Real Estate Group
Brown Gibbons Lang Real Estate Partners’ (BGLRP) National Healthcare Group, a division of Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce the addition of Andrew R. Larwood and Allen C. Inman as Senior Associates in the company’s National Healthcare Real Estate Group. BGLRP’s National Healthcare Group operates […]
Hot Property: Pick up a pair of MOBs near Piedmont
Adjacent facilities next to major hospital in Stockbridge, Ga., are 92.8% leased Name: Pinnacle at Eagles Landing Address, City, State: 1040, 1050 Eagles Landing Parkway, Stockbridge, Ga. Number of buildings: 2 Total square footage: 85,190 Lot size: 7.22 acres Leased: 92.8% Years completed: 2002, 2004 Anchor tenant: Emory Healthcare Brokers: Lee Asher, Chris Bodnar Brokerage: […]