Inpatient Projects: Stanford Health holds ‘topping out’ for new hospital in Palo Alto, Calif.
PALO ALTO, Calif. – Stanford Health Care recently celebrated a major milestone in the construction of its future $2 billion hospital with a ceremonial “topping out” of the massive structure.
Editor’s Letter: Déjà vu all over again
Lillibridge Health Trust sale brings back memories Dear Reader: You know you have been covering the healthcare real estate (HRE) sector for a long time when you frequently find yourself writing articles about transactions involving the same properties you’ve written about before. Such was the case for us at Healthcare Real Estate Insights™ this month […]
Industry Pulse: Ventas buying hospitals, spinning off new SNF REIT
Ventas Inc. is not only the country’s largest healthcare REIT, it’s also an HRE trend-setter In the past year, Debra Cafaro, CEO of the healthcare real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) has indicated that the firm that has long concentrated on investing mostly in senior housing and medical office buildings (MOBs) would […]
Industry Pulse: DOC REIT continues its acquisitive ways
Physicians Realty Trust is not averse to single-asset deals Most large, publicly traded healthcare REITs prefer to acquire their MOBs in bulk, Buying large portfolios “moves the needle” more for the big REITs, puts their money to work in a more efficient manner, and eliminates some of the duplications involved in acquiring a myriad of […]
Post Acute & Senior Living: JV acquires $849 million portfolio
Brookdale Senior Living teams up with HCP on 35 private pay communities By Daniel H. Larson Brentwood, Tenn.-based Brookdale Senior Living (NYSE: BKD) and HCP Inc. (NYSE: HCP) of Irvine, Calif., recently announced their collaborative acquisition of an $849 million senior housing portfolio from Mississauga, Ontario-based Chartwell Retirement Residencies.
Post-Acute & Senior Living: Granite Investment Group buys $7.2 million facility near Kansas City, Kan.
SHAWNEE, Kan. – Irvine, Calif.-based Granite Investment Group announced its acquisition of Shawnee Heartland Assisted Living, a 48-unit facility located in the Kansas City, Kan., suburb of Shawnee. The sale is a $7.2 million sale-leaseback transaction completed at an all-in cap rate of about 8.4 percent and includes a long-term bond net lease that expires […]
Post-Acute & Senior Living: ISL breaks ground on three-story community in Salt Lake City
SALT LAKE CITY. – Integral Senior Living (ISL) says it is hoping to bring a new senior living experience, set against the Wasatch Mountain Range, that is both excellent in care and aesthetically pleasing to its residents. The Carlsbad, Calif.-based community manager recently broke ground on The Ridge Senior Living, an assisted living and memory […]
REIT Report: ARC Healthcare Trust II plans to list
Official say going public is best strategy to maximize shareholder value By Connie M. McCaffrey New York City-based ARC Healthcare Trust II Inc., a non-traded real estate investment trust (REIT), recently announced that it intends to file an application to list its common stock on a national stock exchange under the symbol “HTI.”
Capital Markets: On-balance sheet fixed-to-float
Loans with these terms help to align the loan to the borrower’s business plan By Erik Tellefson A borrower’s business plan for an individual asset that requires flexibility after a certain period of time, coupled with the borrower’s desire to manage their interest rate risk, is a relatively common occurrence with medical office building (MOB) […]
Companies & People: USAA teams with Brackett Flagship
Regional healthcare real estate partnership seen as first step in national roll-out By Murray W. Wolf San Antonio-based USAA Real Estate Co. and Brackett Flagship Properties LLC of Charlotte, N.C., have formed a healthcare real estate (HRE) joint venture (JV) focused on the Southeastern region of the United States. For USAA, the partnership is the start of […]
Companies & People: Marcus & Millichap brokers $14.8 million sale of single-tenant MOB in Fort Myers, Fla.
FORT MYERS, Fla. – Marcus & Millichap (NYSE: MMI) announced March 25 that it has arranged the sale of the 39,281 square foot Orthopedic Medical Center in Fort Myers for $14.8 million, or about $377 PSF. The buyer is New York-based Rose Hill Fort Myers LLC and the seller was The Macsydney Co. LLC. CNL […]
Companies & People: Investment bank Brown Gibbons Lang & Co. expands its healthcare group
ATLANTA – Brown Gibbons Lang Real Estate Partners (BGLRP), a division of Brown Gibbons Lang & Co. (BGL), announced March 25 that it has added two senior associates to its National Healthcare Real Estate Group. The new additions, based in Atlanta, are Andrew R. Larwood and Allen C. Inman. BGL is a middle market investment […]
Companies & People: Investment bank Brown Gibbons Lang & Co. expands its healthcare group
ATLANTA – Brown Gibbons Lang Real Estate Partners (BGLRP), a division of Brown Gibbons Lang & Co. (BGL), announced March 25 that it has added two senior associates to its National Healthcare Real Estate Group. The new additions, based in Atlanta, are Andrew R. Larwood and Allen C. Inman.
Companies & People: Marcus & Millichap brokers $14.8 million sale of single-tenant MOB in Fort Myers, Fla.
FORT MYERS, Fla. – Marcus & Millichap (NYSE: MMI) announced March 25 that it has arranged the sale of the 39,281 square foot Orthopedic Medical Center in Fort Myers for $14.8 million, or about $377 PSF. The buyer is New York-based Rose Hill Fort Myers LLC and the seller was The Macsydney Co. LLC. CNL […]
Companies & People: HRE data firm Revista adds new partners and advisory board members
ANNAPOLIS, Md. – Annapolis-based HRE data provider Revista announced March 25 that it has added five advisory board members and two partners. The new board members are Mark Burkemper, David Elkins, Erik Gainor, Courtney Hanfland and Robert A. Milligan. The new partners are real estate advisory firms Harrison Street Real Estate Capital and Zeustra Real […]