Industry Pulse: On the Record – Danny Prosky
What are your investment goals regarding different product types?
Capital Markets: MOBs with a high number of tenants
It’s important to use a lender with medical office experience when financing By Erik Tellefson Medical office buildings (MOBs) with a high number of tenants (average 1,500 square feet or less per tenant) are often found in metropolitan statistical areas with high population densities where space is at a premium and the subject tenancy utilizes […]
Industry Pulse: Everyone seems to have their eye on this sector
What does healthcare real estate have to do with the oil and gas industry? Read on. Those of us who have been involved in healthcare real estate (HRE) for a decade or more can remember a time when most investors didn’t give the HRE sector the time of day. Today, it seems like a new […]
Post Acute & Senior Living: NorthStar pays $640M for CCRCs
The REIT acquired 3,637 units from subsidiaries of Fountains Senior Living By Erin E. Porter New York-based NorthStar Healthcare Income Inc. recently entered a purchase and sale agreement and joint escrow arrangement for the $640 million purchase a portfolio of 15 continuing care retirement communities (CCRCs) with 3,637 units, according to a Form 8-K filing […]
Post Acute & Senior Living: SNH acquisition tops $790 million
Trust closed May 1 on 37-community deal with CNL Lifestyle Properties Inc. By Erin E. Porter Senior Housing Properties Trust (NYSE: SNH), a Newton, Mass.-based real estate investment trust (REIT), recently announced that it has closed on the acquisition of a $763 million portfolio containing 37 private pay senior living communities across 16 states.
REIT Report: A new REIT joins healthcare arena
Community Healthcare Trust to focus on properties in rural healthcare By Connie M. McCaffrey On the surface, it might look as if a newly launched, medical-focused real estate investment trust (REIT) is joining an already too-crowded healthcare real estate (HRE) arena.
Publisher’s Letter: It’s a deluge of deals
We’re busy tracking more and bigger transactions Dear Reader: There are a number of ways to track the volumes of sales of medical office building (MOBs) and other healthcare real estate (HRE). Some people turn to the commercial real estate data services, including Real Capital Analytics (RCA) Inc. and Revista. Others rely on reports from […]
Companies & People: ARCO/Murray Construction begins development of 31,200 square foot facility in Brandon, Fla.
BRANDON, Fla. – ARCO/Murray Construction recently began developing a 31,200 square foot facility for Community Health Centers in Brandon, about 12 miles east of Tampa. Community Health Centers is a not-for-profit organization that provides health services to underserved communities. The facility will house the organization’s corporate headquarters and a variety of healthcare services, including general […]
Companies & People: Wells Fargo meets senior housing development boom with specialty finance group
CHARLOTTE, N.C. – San Francisco-based Wells Fargo & Co. (WFC) recently created a new specialty finance group dedicated to the growing demand for senior housing.
Companies & People: JLL names Susan Silverman as SVP leading new business development and projects
NEW YORK – Jones Lang LaSalle (NYSE: JLL) announced that healthcare facilities veteran Susan Silverman has been named senior VP of the firm’s New York-based Project and Development Services Group.
Companies & People: CNL Healthcare Properties names Kevin Maddron as its chief financial officer
ORLANDO – Kevin R. Maddron, who recently served as the chief operating office and chief financial officer at Servant Healthcare Investments, recently joined Orlando-based CNL Healthcare Properties. He is the new chief financial officer, treasurer and chief operating officer of the real statement investment trust (REIT).
Companies & People: Cain Brothers advises on $18.63M bond financing for SNF near Cincinnati
FORT THOMAS, Ky. – New York-based Cain Brothers & Co. LLC, an independent investment banking firm that focuses exclusively on the healthcare industry, recently served as the sole investment banking advisor for the direct bank placement bond financing of $18.63 million for Carmel Manor, a not-for-profit skilled nursing facility (SNF) in Fort Thomas, a suburb […]
Companies & People: Opus Group jumps into healthcare
Longtime, national developer names key project management team members By Erin E. Porter Minneapolis-based Opus Group, one of the largest developers of office buildings and shopping centers in the country, has marked its foray into healthcare real estate (HRE) development with the announcement of several key appointments.
Companies & People: More Healthcare Real Estate Companies & People News
Seattle-based Colliers International has beefed up its healthcare real estate capabilities in North Texas by acquiring Dallas-based CASE Commercial Real Estate Partners LLC. The acquisition of the boutique commercial real estate firm adds 50 professionals to Colliers International’s Dallas-Fort Worth area team, bringing its total in the area to 182. The CASE entities are being […]
