Inpatient Projects: Bethlehem, Pa., hospital getting its first maternity ward as part of $93M project
BETHLEHEM, Pa. – The Lehigh Valley Health Network’s hospital in Bethlehem has served local residents for 54 years.
Inpatient Projects: Plans for replacement move forward in Wisconsin city near Lake Michigan
MARINETTE, Wis. – In recent weeks, Bay Area Medical Center and its partner, Milwaukee-based Aurora Health Care, were looking to “lock in” on a site for a new replacement hospital in Marinette, along the shores of Green Bay and near the state’s border with Michigan’s Upper Peninsula.
Inpatient Projects: Replacement CAH opens in W.Va.; Hammes Company served as project manager
KINGWOOD, W.Va. – With the recent opening of its new replacement hospital in Kingwood, officials with Preston Memorial Hospital were able to finally realize the fulfillment of a “dream” that started with initial planning back in 2007.
Inpatient Projects: Bryn Mawr, Pa., hospital plans $200 million project to replace older buildings
BRYN MAWR, Pa. – Since it opened in 1893, Main Line Health’s hospital in Bryn Mawr outside of Philadelphia has never undergone as big of a project as the one that is now in the works.
Inpatient Projects: Hospital, medical complex planned for former golf course in New Mexico
LAS CRUCES, N.M. – On the east side of Las Cruces, the loss of a local golf course will someday be a gain for area medical consumers. That’s because a new medical complex is slated as the first phase of Park Ridge, a 110-acre mixed-use, multi-phase redevelopment project planned for the site of the now-defunct […]
Post-Acute & Senior Living: Ventas launches SNF spin-off CCP
By Murray W. Wolf Ventas Inc. (NYSE: VTR) announced Aug. 18 that it has completed the previously announced spin-off of most of its post-acute/skilled nursing facilities (SNFs) portfolio into an independent, publicly traded REIT called Care Capital Properties Inc. (NYSE: CCP). CCP is a “pure-play” REIT that Ventas says will primarily own, acquire and lease SNFs operated by […]
Editor’s Letter: M&A remains on a roll
What does this mean for the healthcare real estate? Dear Reader: As all of us know, merger and acquisition (M&A) activity among hospitals and health systems is an ever-growing part of the country’s healthcare landscape.
Post-Acute & Senior Living: HFF closes $195 million sale of five-asset senior portfolio in the Southeast
DALLAS – Holliday Fenoglio Fowler LP (HFF) announced Aug. 10 that it had brokered the $195 million sale of a five-property senior housing portfolio totaling 709 units located in the Southeast.
Post-Acute & Senior Living: Evans Senior Investments facilitates the closing of three transactions
CHICAGO – Evans Senior Investments (ESI), a Chicago-based investment bank, recently reported that it had facilitated the sale of three separate senior living transactions in West Virginia, Pennsylvania and Ohio.
Capital Markets: MOB equity recapture opportunities
Borrowers can benefit from recapitalizing via debt on under-levered assets By Erik Tellefson Medical office building (MOB) loans that reach maturity or their freely pre-payable period are often under-levered.
REIT Report: G-A REIT III keeps on investing
Unlisted investment trust says it has $1 billion of acquisitions in its pipeline By John B. Mugford Things happen quickly and in big numbers in the world of healthcare real estate (HRE) investing these days.
Post-Acute & Senior Living: Walker & Dunlap originates nearly $464.7M in loans for New Senior Investment
BETHESDA, Md. – In more news from Bethesda-based Walker & Dunlop, the commercial real estate finance company announced Aug. 19 that it originated 28 loans totaling almost $464.7 million, secured by a portfolio of 28 independent living properties (ILFs) acquired by New Senior Investment Group.
Post-Acute & Senior Living: Extendicare, Omega, JLL and New Senior all closed major transactions this summer
NATIONWIDE – This summer was closing time for several $100 million-plus post-acute and senior living transactions.
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc., announced Aug. 3 that it handled the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh, N.C. IPA Executive Director Mark Myers, Senior Director Joshua Jandris and Associate Director Charles Hilding, […]