Post-Acute & Senior Living: La Posada plans 268-unit, $100 million senior living community near Tucson, Ariz.
TUCSON, Ariz. – Non-profit owner/operator La Posada is developing a 50,000 square foot, nearly $100 million senior living community called Nakoma Sky on 79 acres in Tucson.
Post-Acute & Senior Living: Welltower-Hines unveil NYC plans
JV paid $115 million to assemble site of planned 15-story senior and retail project By John B. Mugford Healthcare real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) and real estate investment, development and management firm Hines recently unveiled plans for their previously announced proposed 15-story, 125,000 square foot retail and senior living building in […]
Publisher’s Letter: More M&As ahead
System consolidation unlikely to slow this year Dear Reader: Last year was another record-breaker for healthcare mergers and acquisitions (M&As). Of course, in the healthcare real estate (HRE) business, we are mostly interested in how those M&As affect real estate and facilities. They can be a negative if they result in a reduced demand for […]
REIT Report: HCP plans HCR ManorCare spin-off
Troubled skilled nursing facilities portfolio to become a standalone company By Murray W. Wolf In August 2015, healthcare real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) announced completion of the spin-off of its skilled nursing facility (SNF) portfolio into a publicly traded independent REIT called Care Capital Properties Inc. (NYSE: CCP). Now another healthcare […]
Capital Markets: Parking is an important factor
It plays a key role in determining the value of and ability to finance an MOB By Erik Tellefson Parking is an important factor in determining the value of and ability to finance a medical office building (MOB). While a good location is essential, the lack of parking spaces can cause patients to use other […]
Industry Pulse: Central Texas is hot for healthcare
The population is increasing by about 150 people per day It’s widely known that the Dallas and Houston areas have been booming for many years and are alive with healthcare real estate (HRE) development. But things are also hopping in Central Texas.
Post-Acute & Senior Living: CA Ventures affiliate forms JV with Goldman Sachs to launch 14 senior housing communities
CHICAGO – CA Senior LLC (CAS), the senior housing firm of parent company Chicago-based CA Ventures, has formed a joint venture (JV) with an affiliate of Goldman Sachs & Co. to develop 14 senior housing communities across the country.
Post-Acute & Senior Living: Liberty Healthcare Group affiliate breaks ground on 398-unit community in North Carolina
MOUNT PLEASANT, S.C. – An affiliate of Liberty Healthcare Group recently broke ground on South Bay at Mount Pleasant, a 398-unit independent living, assisted living and memory care senior community on a 27-acre mixed-use site.
Industry Pulse: Healthcare REIT execs are upbeat about 2016
Returns have been down in recent years but there are reasons for optimism in 2016 The prognosis is good for publicly traded healthcare real estate investment trusts (REITs). That’s according to an article in the May/June edition of REIT, the magazine of the National Association of Real Estate Investment Trusts (NAREIT).
Companies & People: Richmond Honan Development hires Wall Street veteran Vincent Napolitano as EVP of finance
ALPHARETTA, Ga. – Atlanta-based Richmond Honan Development and Acquisitions LLC, which focuses on healthcare real estate, has hired Vincent Napolitano as executive VP of finance.
Companies & People: Brian Peay joins American Healthcare Investors as EVP and CFO; will also be CFO of related REITs
IRVINE, Calif. – Irvine-based American Healthcare Investors (AHI), focused on acquiring and managing healthcare properties, recently hired Brian Peay as its executive VP and chief financial officer (CFO).
Companies & People: New REIT will have impact on HRE
Colony NorthStar would be formed from three firms, including NorthStar Realty By John Mugford Whether it will be buying or selling properties, a new real estate investment trust (REIT) in the works through the merger of three large publicly traded companies is likely to be a significant player in the healthcare real estate (HRE) arena.
Companies & People: Lorie Damon honored by BOMA International with Outstanding Achievement Award
ST. LOUIS – Cushman & Wakefield announced May 31 that Lorie Damon, managing director of its Healthcare Practice Group, was honored with the Outstanding Achievement Award at the recent Building Owners and Managers Association (BOMA) International Medical Office Building and Healthcare Facilities Conference in Orlando, Fla.
Companies & People: Tom Herzog to rejoin HCP Inc. in late June as executive VP and chief financial officer
IRVINE, Calif. – Irvine-based HCP Inc. (NYSE: HCP) recently announced that Tom Herzog is the new executive vice president (EVP) and chief financial officer (CFO).
