Post-Acute & Senior Living: Buckner Senior Living starts twin 12-story senior living towers in Dallas
DALLAS – Dallas-based Buckner Senior Living recently broke ground on a showcase development in the northern part of Dallas.
Industry Pulse: CBRE – Firms Plan to Invest $14.9B in HRE
Allocations by HRE investors and developers are up 3%. Firms have earmarked a total of nearly $14.9 billion in equity for healthcare real estate (HRE) investment and development activity this year, according to the seventh annual HRE Investor & Developer Survey from CBRE’s U.S. Healthcare Capital Markets Group.
Post-Acute & Senior Living: Ventas completes $137 million acquisition of six more Koelsch seniors housing communities
OLYMPIA, Wash. – In a sale-leaseback deal, Chicago-based Ventas Inc. (NYSE: VTR) paid $137 million for six Olympia, Wash.-based Koelsch Communities senior living facilities in Washington, California and Montana.
Industry Pulse: On the Record – Karen Torres
How does your system decide on the service mix for new MOBs?
Industry Pulse: U.S. retailers are going bankrupt at a record pace so far this year, creating vacancies
In the aftermath of the Great Recession, it became a common strategy for healthcare providers and healthcare real estate (HRE) firms to repurpose the buildings of failed big box and department stores. The bankruptcies of Circuit City, Linens & Things, Blockbuster, Borders and other retail chains dumped hundreds of large (50,000 to 200,000 square foot) […]
Post-Acute & Senior Living: For now, rate hikes have little impact
As rates rise, two senior housing observers say economy needs to keep growing By Erin E. Porter When the Federal Reserve increased its benchmark rate in March, the third such hike since December 2015, it certainly did not send shock waves through the business world.
Industry Pulse: Readmissions Data Supports Programs
And the more programs used, the bigger the difference Hospitals participating in value-based programs have lower readmission rates. According to a new study, hospitals that participate in voluntary value-based programs have fewer readmissions than those that rely on financial incentives alone.
Capital Markets: Pay attention to ancillary loan terms
What to look for in a healthcare real estate loan other than rates and tenure By Erik Tellefson When looking for financing, most borrowers ask about a loan’s tenure, recourse, rate and fees. In addition, lenders’ quotes and proposals also include a number of other ‘ancillary’ loan terms. These terms are often considered less important […]
Post-Acute & Senior Living: Ryan Companies plans $48.5M senior community on 11-acre parcel in Nashville, Tenn., suburb
HENDERSONVILLE, Tenn. – Minneapolis-based Ryan Companies is planning a new 189-unit independent living, assisted living and memory care community in Hendersonville, a Nashville suburb. The $48.5 million Clarendale at Indian Lake is planned for an 11-acre parcel the development firm recently acquired for an undisclosed price.
Companies & People: West Coast HRE firm Cypress West Partners continues its growth with new hires
RANCHO SANTA MARGARITA, Calif. – Rancho Santa Margarita-based Cypress West Partners, an operator and owner of healthcare facilities in the western part of the country, recently bolstered its team with the addition of two professionals.
Companies & People: Transwestern hires Brent Barnes to lead new statewide Florida practice
MIAMI – Houston-based Transwestern has certainly grown its Healthcare Advisory Services group in recent years, as it now has 120 professionals in 19 cities on the team.
Companies & People: Raymond James Healthcare Finance serves as placement agent for Covenant Health
ST. PETERSBURG, Fla. – Tewksbury, Mass.-based Covenant Health System, a not-for-profit, recently issued $19.86 million in Series 2017 tax-exempt bonds and received a $55 million taxable term loan for construction and renovation projects at its three hospitals and to complete its Covenant Care Link electronic health records project.
Companies & People: MedCraft to develop, own clinic near Wichita operated by Via Christi Health
DERBY, Kan. – Minneapolis-based MedCraft has started work on a 15,000 square foot build-to-suit clinic for Wichita, Kan-based Via Christi Health in Derby, a Wichita suburb.
Companies & People: H2C closes out big year in 2016, closing $2.2 billion in transactions for clients
NEW YORK – New York-based Hammond Hanlon Camp LLC (H2C), a healthcare-focused advisory investment banking firm, completed $2.2 billion worth of financing transactions for its clients in 2016.
Companies & People: 2016 was a big year for Hammes
Company completed $2 billion in projects, a yearly increase of 41 percent By John B. Mugford Milwaukee-based Hammes Company had another big year in terms of healthcare and hospital projects in 2016.