Inpatient Projects: Growing hospital in northwest Arkansas announces plan for $247 million expansion
ROGERS, Ark. – A $247 million expansion plan would add a new seven-story tower, 190,000 square feet of space and 150 beds at Mercy Hospital Northwest Arkansas in Rogers, a city of about 60,000 people in the far northwest corner of the state.
Inpatient Projects: Health district in Visalia, Calif., plans to go back to voters for another hospital bond measure
VISALIA, Calif. – The Fresno Bee newspaper reported May 3 that voters in Visalia and surrounding Tulare County recently voted overwhelmingly against a $327 million bond to build a new acute care hospital for the Kaweah Delta Health Care District.
Inpatient Projects: Micro hospitals fit the bill in Denver
Duke Realty is the developer of four projects for health system and operator By John B. Mugford At the recent 2016 BOMA International Medical Office Building & Healthcare Real Estate Conference in Orlando, Fla., one of the keynote speakers suggested that the development of so-called “micro” hospitals could help provide solutions for some of the […]
Post-Acute & Senior Living: HCP to spin off beleaguered ManorCare portfolio into independent, publicly traded REIT
IRVINE, Calif. – Just as this edition of Healthcare Real Estate Insights™ was going to press, we learned that HCP Inc. (NYSE: HCP) plans to spin off its portfolio of skilled nursing (SNF) and assisted living assets, largely leased by HCR ManorCare (HCRMC), into an independent, publicly-traded real estate investment trust (REIT).
Industry Pulse: On-Demand Healthcare Predicted to Quadruple
New Accenture research finds that nearly $1 billion per year will be invested by 2017 It’s perhaps a healthcare real estate (HRE) professional’s worst nightmare: healthcare that doesn’t require real estate.
Industry Pulse: Michigan Tax Case Being Closely Watched
Decision on Spectrum Health appeal could have big impact A successful appeal by Spectrum Health to win tax-exempt status for a medical office building (MOB) in Grand Rapids, Mich., could spur similar cases across Western Michigan – and perhaps beyond.
Industry Pulse: On the Record – Jon Wiegand
How can local providers optimize the positioning of their practice?
Industry Pulse: On the Record – Glen Perkins
Are you seeing much speculative HRE development these days?
REIT Report: HTA finding deals so far in 2016
Increased investment activity follows a slight slowdown in investments in 2015 By John B. Mugford At a time when the country’s publicly traded, healthcare-focused real estate investment trusts (REITs) are supposedly being a bit more cautious about making medical office building (MOB) acquisitions, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) recently found a […]
Post-Acute & Senior Living: Kansas City firm continues growth
Tutera Senior Living to break ground on $65M project in Tiffany Springs, Mo. By John B. Mugford Kansas City, Mo.-based Tutera Senior Living & Health Care is about to add to its portfolio of 47 senior living communities that it operates, most of which are in the Midwest and Southeast.
Editor’s Letter: Insightful keynotes
BOMA talks covered a range of hot topics Dear Reader, That the lineup of speakers and panel discussions this year’s BOMA International Medical Office Building & Healthcare Real Estate Conference in Orlando, Fla., was particularly strong. So whether you were among the 1,000 or so people in attendance, we felt that some conference highlights deserve […]
Post-Acute & Senior Living: Affordable senior complex planned for Phoenix by Gardner Capital Development
PHOENIX – The Arizona office of Gardner Capital Development was recently awarded a reservation of Low Income Housing Tax Credits from the Arizona Department of Housing in order to move forward with its plans for an affordable seniors housing project in Phoenix.
Capital Markets: The impact of anchor tenants
Evaluating the effects of influential tenants on multi-asset MOB portfolios By Erik Tellefson Portfolios of medical office buildings (MOBs) have some built-in advantages for buyers and investors. People still need medical care, and that care, for the most part, is still delivered face-to-face through in-person visits.
Industry Pulse: ‘We’re Still Going to Need Buildings’
But system CEO says those buildings will need to change As noted in the article to the far left, on-demand healthcare and other innovations are changing the industry, potentially reducing the need for some types of healthcare real estate (HRE). But there’s no need for HRE professionals to panic.
Post-Acute & Senior Living: Another seniors project to break ground in booming Charleston, S.C., area
CHARLESTON, S.C. – With its charming and historic downtown and temperate winter weather, the Charleston area is seeing plenty of demand for a variety of senior housing projects. Among the dozen or so projects planned or underway in the area is one in Mount Pleasant, a suburb just across the Cooper River from the heart […]