Post-Acute & Senior Living: Two senior housing executives charged with fraud in separate cases
WASHINGTON – Federal authorities recently charged two separate senior housing executives with fraudulent activity in separate cases.
REIT Report: G-A REIT III still buying aplenty
Unlisted REIT spent $180M in Q3 and has even more acquisitions in the pipeline By Erin E. Porter Griffin-American Healthcare REIT III (G-A REIT III), the latest in a line of healthcare-focused, unlisted real estate investment trusts (REITs) co-sponsored by California firms American Healthcare Investors and Griffin Capital Corp., continued with its buying ways in […]
Post-Acute & Senior Living: Mainstreet completes new post-acute facilities in Indiana and Kansas
DYER, Ind., and OVERLAND PARK, Kan. – Carmel, Ind.-based Mainstreet recently completed new projects in Dyer and Overland Park with a combined value of more than $40 million.
Post-Acute & Senior Living: The Buckingham CCRC in Houston embarks on $72M, 183-unit residence expansion
HOUSTON – Senior Quality Lifestyles Corp. (SQLC) recently announced plans for a $72 million, 183-residence expansion at The Buckingham, a continuing care retirement community (CCRC) at its Memorial-area campus in Houston.
Post-Acute & Senior Living: Cushman & Wakefield arranges $53.4M in financing for two Boston-area projects
GREATER BOSTON – Cushman & Wakefield Senior Housing announced it has arranged $53.4 million in construction financing and joint venture equity for two senior living developments with LCB Senior Living in Greater Boston.
Post-Acute & Senior Living: Welltower, Revera acquire Canadian communities in 75/25 percent joint venture
MISSISSAUGA, Ontario – Toledo, Ohio-based Welltower Inc. (NYSE: HCN) and Toronto-based Revera Inc., a privately owned company, recently completed the $764 million (Canadian), or $581 million (U.S.), acquisition of Mississauga, Ontario-based Regal Lifestyle Communities Inc. and its portfolio of properties.
Capital Markets: MOB expense reimbursements
Expense reimbursements in leases have an impact on loan underwriting, terms By Erik Tellefson Medical office building (MOB) leases include expense reimbursements, which is the amount or percentage that the lessee pays the landlord for building expenses. The amount and type of the reimbursements are effectively whatever can be written into the lease. However, there […]
Companies & People: HRE developers combine strengths
Anchor Health Properties, Brinkman merge to grow services and footprint By John B. Mugford Two long-standing healthcare real estate (HRE) firms have joined forces with a goal of expanding their range of services and growing their national footprint.
Companies & People: Sharon Harper a finalist for Phoenix Business Person of the Year
PHOENIX – Sharon Harper is well-known not only in national healthcare real estate circles, she’s also quite a familiar and highly respected businesswoman in her adopted hometown of Phoenix as well.
Companies & People: Former multi-family and retail developer turns to healthcare in Houston
HOUSTON – A new player with experience in various other types of commercial real estate has emerged on the healthcare real estate (HRE) scene in Houston.
Companies & People: AW Property executive forms new company focused on MOBs, office
WEST PALM BEACH, Fla. – Peter Applefield, formerly a principal of West Palm Beach, Fla.-based AW Property Co., recently formed a new company focusing on acquiring and managing medical and professional office buildings in South Florida and the Southeast United States.
For Sale: A Health System Anchored Medical Office Portfolio Investment Opportunity
The Offering Offering Price: Best Offer Portfolio Size: 141,992 RSF Percentage Leased: 92.5% In-Place NOI: $2,243,553 CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer the exclusive opportunity to acquire the Centegra Medical Office Portfolio (the “Portfolio”) with assets located in McHenry, Woodstock and Antioch, Illinois. The Portfolio consists of six (6) medical office […]
News Release: Seavest Healthcare Properties, Ciminelli Real Estate Announce Unveiling of Public Art Installation at Conventus
FOR IMMEDIATE RELEASE Media Contact: Bobbie Enright, Seavest Healthcare Properties, benright@seavesthcp.com, (914) 683-8474 Seavest Healthcare Properties, Ciminelli Real Estate Announce Unveiling of Public Art Installation at Conventus BUFFALO and WHITE PLAINS, N.Y., Nov. 23, 2015 – Investment management firm Seavest Healthcare Properties LLC and project developer and partner, Ciminelli Real Estate Corporation, announced today the unveiling of a […]
News Report: HFF arranges $42.7 million refinancing for Samaritan Medical Tower in downtown Los Angeles
HFF arranges $42.7 million refinancing for Samaritan Medical Tower in downtown Los Angeles LOS ANGELES, CA – October 22, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $42.7 million refinancing for Samaritan Medical Tower, a 146,354-square-foot medical office building in downtown Los Angeles. HFF worked on behalf […]