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 […]
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 […]