Inpatient Projects: Maryland officials making progress on $655 million, 231-bed hospital plan
PRINCE GEORGE’S COUNTY, Md. – The five-year effort to develop a $655 million, 231-bed medical center in this area is closer to fruition, the Washington Business Journal reports.
Inpatient Projects: Duke Realty-developed Bethesda Butler Hospital expansion completed in Cincinnati
CINCINNATI – TriHealth and Duke Realty recently completed a 53,512 square foot expansion of Bethesda Butler Hospital in Cincinnati.
Inpatient Projects: Marshfield Clinic sticks to plan
Despite buying another hospital, Wisconsin provider still plans to build its own By Connie M. McCaffrey While most hospitals and health systems are adding outpatient space, a well-known Midwestern clinic group is going the other way, adding its own hospital – and it’s sticking to those plans, even though it has agreed to acquire a […]
Inpatient Projects: Memorial Hermann Health System set to open $80 million, 64-bed hospital in Pearland, Texas
PEARLAND, Texas – The $80 million, 64-bed, 250,000 square foot Memorial Hermann Pearland Hospital is scheduled to open March 29.
Industry Pulse: Coming to a (MOB) Rooftop Near You?
Welltower cell tower? Maybe. But roofs are a higher priority. Although some healthcare real estate investment trusts (REITs) are selling a few “non-strategic assets,” at least one has found a way to generate incremental revenue without parting with any properties.
Post-Acute & Senior Living: Safanad and Formation Capital acquire South Carolina ALF portfolio for $128.6 million
NEW YORK – Dubai-based Global investment firm Safanad and its longtime partner, private investment firm Formation Capital, recently announced the acquisition of nine South Carolina assisted living facilities (ALFs) from Agape Senior for $128.6 million.
Industry Pulse: AHI Founders Commit to Investing in Latest REIT
Execs to invest 100% of AHI compensation in new Griffin-American Healthcare REIT IV American Healthcare Investors (AHI) LLC announced March 4 that its three founding principals – Jeff Hanson, Danny Prosky and Mathieu Streiff – along with the company’s executive VPs, have agreed to invest 100 percent of their AHI compensation into common stock of […]
Industry Pulse: On the Record – Erik Tellefson
How would you characterize the current lending market for MOBs? The MOB lending market is “extremely active and the atmosphere is pretty strong. Spreads are good, interest rates are relatively low compared to the past markets and we have plenty of money for medical buildings… Our spreads have remained relatively disciplined to the leverage of […]
Post-Acute & Senior Living: Meta Housing Corp. breaks ground for $26 million, 60-unit senior community in Hayward, Calif.
HAYWARD, Calif. – Los Angeles-based Meta Housing Corp. recently broke ground for the $26 million, 60-unit Downtown Hayward Senior Apartments, reports The Registry, a local real estate publication.
Post-Acute & Senior Living: Kingswood CCRC in Kansas City, Mo., undergoing $34.7 million redesign and expansion
KANSAS CITY, Mo. – Officials of Kingswood Senior Living Community recently announced plans to break ground on a $34.7 million redesign and expansion of their CCRC in Kansas City.
Publisher’s Letter: Let’s put the VA’s epic cost overrun in perspective
Dear Reader: Even amounts measured in billions have lost their power to impress. Governments and big businesses routinely deal in billions. A recent Powerball lottery jackpot hit $1.6 billion. You probably know that there are 7.4 billion people living on earth, or that the planet is believed to be about 4.5 billion years old. That’s […]
Post-Acute & Senior Living: San Diego approves $150M CCRC
The Glen at Scripps Ranch addresses “top-priority” senior housing need By Erin E. Porter A $150 million, 53-acre continuing care retirement community (CCRC) unanimously approved by the San Diego City Council will address a top priority need to provide senior housing within the Scripps Miramar Ranch community, the developer say.
Industry Pulse: VA Plans No Further Action In Colorado
Those deemed responsible have already been reassigned Noting that the executives responsible for the delays and cost overruns at its Aurora, Colo., replacement hospital campus have already left their positions, the U.S. Department of Veterans Affairs (VA) recently announced that “no additional adverse personnel actions will be taken.”
Industry Pulse: Site Neutrality Among Top HRE Trends for 2016
Duke Realty also expects more construction and more consolidation, among other things The five biggest healthcare real estate (HRE) trends this year are increasing construction, ongoing consolidation, site neutrality, continued design innovation and a renewed focus on property management. That’s according to a new white paper from Keith Konkoli of Duke Realty (NYSE: DRE).
Capital Markets: Manage your loan’s interest rate risk
There are ways borrowers can protect themselves from potential rate increases By Erik Tellefson For a relatively stabilized asset class like medical office buildings (MOBs) – where the primary increase in cash flow is often via rental escalators – it is important to be able to manage interest rate risk while still being able to […]