Post-Acute & Senior Living: Strawberry Fields, a SNF-focused REIT, pays $21.8 million for Louisville facility
South Bend, Ind.-based Strawberry Fields REIT LLC, which has a portfolio of 59 skilled nursing facilities (SNFs) in seven states, recently purchased the 88.5 percent
Companies & People: Hammes Company hired to work on $1 billion campus transformation in Cleveland
Brookfield, Wis.-based Hammes Company was recently retained by Cleveland based Metro Health System to act as the owner’s representative on the system’s six-year, $1 billion transformation project at its flagship hospital campus.
Outpatient Projects: Facilities to bolster Arizona system
Nex-Core to develop 175,000 s.f. outpatient campus at hospital in recreational region By John B. Mugford As most well-established, experienced healthcare development firms know, not all opportunities present themselves through requests for proposals (RFPs).
Industry Pulse: Tenet said to be considering a sale
System working with bankers to “explore strategic options” Citing “people familiar with the matter,“ the Wall Street Journal has reported that Tenet Healthcare Corp. (NYSE: THC) is “exploring its strategic options,” including a possible sale of the hospital company,
Post-Acute & Senior Living: Sabra pays $378 million for 21 SNFs on the West Coast; to sell 43 Genesis facilities
Irvine-based Sabra Health Care REIT (Nasdaq: SBRA) recently said it acquired 21 skilled nursing facilities on the West Coast for $378 million.
Transactions: Inland Real Estate affiliate purchases two MOBs near Hartford, Conn., for $16M
Oakbrook, Ill.-based Inland Real Estate Acquisitions Inc. recently facilitated the acquisition of two MOBs in New Britain by an affiliate of The Inland Real Estate Group LLC.
Transactions: CBRE Global Investors acquires final two MOBs of 27-building portfolio
GREATER CHICAGO – It looks as if Los Angeles-based CBRE Global Investment Partners (GIP) in September 2017 acquired the final two MOBs that are part of its larger purchase of a 95 percent interest in a 27-building portfolio from a joint venture (JV) of Los Angeles-based Kayne Anderson Real Estate Advisors and Chicago based MB […]
Transactions: Global Medical REIT was the buyer of Oklahoma portfolio for $49.5 million
OKLAHOMA CITY – Even though we previously reported the sale of three facility orthopedic portfolio in Oklahoma City that took place in the first half of 2017, the buyer nor the transaction price were known by HREI™ until recently. According to data from RCA, the buyer of the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery […]
Industry Pulse: 10-asset Rendina MOB portfolio on the market
JLL healthcare team is marketing six-state, 10-property, 489,301 s.f. portfolio JUPITER, Fla. — One of the medical office building (MOB) sector’s long-standing, better-known development firms is putting a portfolio of properties on the market at a time when pricing remains as high as It’s ever been. The Healthcare Capital Markets team from Chicago-based Jones Lang LaSalle (NYSE: JLL) […]
Companies & People: 5 questions for PJ Camp
Hammond Hanlon Camp (H2C) grows the scope of what it provides clients, and the company By John B. Mugford After the ink had dried in 2016 on the closing of the largest health system sale, or monetization, of medical office buildings (MOBs) in the history of the healthcare real estate (HRE) sector, the $700 million […]