REIT Report: HR Trust glad to be on campus
By John B. Mugford As far as many healthcare real estate (HRE) investors are concerned, off-campus medical office buildings (MOBs) have become nearly as attractive, or in some cases just as attractive, as on-campus outpatient facilities.
Industry Pulse: MOB Fetches Lofty Price on NYC’s Upper East Side
New York City medical office building sells for $17 million, or $1,133 per square foot The cost of real estate in New York City compared to the rest of the country never ceases to amaze, and a recent medical office building (MOB) transaction in Manhattan confirms this notion.
Industry Pulse: On the Record – Mark Toothacre
Do you see a slowdown coming for healthcare real estate?
Post-Acute & Senior Living: Potential $700 million deal with Ventas would enable Kindred to exit the SNF segment in 2017
CHICAGO – Chicago-based Ventas Inc. (NYSE: VTR) Ventas, Inc. announced Nov. 14 that it has reached “mutually beneficial agreements” with Kindred Healthcare Inc. (NYSE: KND), under which Kindred will acquire some or all 36 skilled nursing facilities (SNFs) it leases from Ventas.
Industry Pulse: MOB Demand Still Strong Despite Dip
MOB cap rate converged with office for the first time in 2016. Although it looks like we will end 2016 with total medical office building (MOB) sales volumes that will be less than the record-setting levels of 2015, investor demand remains strong, according to the newly released “Medical Office Building Quarterly Update” from the healthcare-focused […]
Editor’s Letter: Still a great resource
Get a competitive edge with the Resource Guide™ Dear Reader: Sometimes as we seek inspiration for an Editor’s Letter or a Publisher’s Letter, we look back on our archive of what is now 14 years worth of editions of Healthcare Real Estate Insights™.
Industry Pulse: On the Record – Matt Gilbert
How have recent healthcare industry changes affected MOB leasing?
Industry Pulse: Ventas’ CEO Might Buy Into Penguins
Debra Cafaro might buy a stake in her hometown team Debra Cafaro grew up in Pittsburgh as a fan of the area’s beloved sports teams: the Pirates, Steelers and Penguins.
Post-Acute & Senior Living: Global investment management firm acquires three U.S. senior communities for $110 million
ATLANTA – Arcapita, a global investment management firm with offices in Bahrain, Atlanta, London and Singapore, announced Nov. 22 that it has acquired a privately-held portfolio of three senior living communities in the Washington and Atlanta metro areas for a total of about $110 million.
Post-Acute & Senior Living: Toronto-based Mainstreet agrees to acquire memory care communities in Texas and Arkansas
TORONTO – Toronto-based Mainstreet Health Investments Inc. (TSX: HLP-U) announced Nov. 28 that it has agreed to acquire a portfolio of three memory care communities totaling 171 units for a total of $44.3 million.
Companies & People: BGL’s healthcare team is on the rise
2016 is best year yet for new investment banking group, with volume up 50% By John B. Mugford While 2016 certainly will turn out to be one of the best years in the history of medical office buildings (MOB) sales here in the United States, it won’t top the remarkable total dollar volume posted in […]
Comapnies & People: HCP’s board elects Tom Herzog as CEO and Justin Hutchens as president
IRVINE, Calif. – HCP (NYSE: HCP) recently announced that its board of directors chose Tom Herzog, the company’s current chief financial officer (CFO), to be CEO and a member of the board.
Companies & People: Transwestern hires former HealthAmerica executive Steve Hall as senior VP in Atlanta
ATLANTA – Transwestern recently announced that its healthcare advisory services team has hired Steve Hall as senior VP. In his new role, Mr. Hall advises owners and users of medical office space on portfolio management, asset acquisition and disposition, build-to-suit development, and lease negotiation and administration.
Companies & People: Duke Realty hires former health system exec Jared Stark as VP of healthcare development
INDIANAPOLIS – Jared L. Stark, who has served in executive leadership positions with several healthcare organizations and hospitals, has been named senior VP of healthcare development at Indianapolis-based Duke Realty Corp. (NYSE: DRE).
Companies & People: Kevin Tyler joins Welltower REIT’s West Coast office as VP-investments
TOLEDO, Ohio – Kevin Tyler recently joined the West Coast office of Toledo-based Welltower Inc. (NYSE: HCN) as VP–investments.