Post-Acute & Senior Living: Confluent Senior Living, Harbor Retirement start senior community in Oklahoma City
OKLAHOMA CITY – Construction has started on a future 102,000 square foot assisted living and memory care community about 7.5 miles south of downtown Oklahoma City.
Industry Pulse: CNL confirms that it is exploring sale of MOBs
Orlando, Fla.-based firm says it might sell assets, sell the whole company or go public.
Publisher’s Letter: Still bullish on MOBs
Strong short-term results; good long-term prospects Dear Reader: Full disclosure: The Publisher’s Letter is nearly always the last article written as we put together this magazine. One reason is that there always seems to be something more urgent for me to work on, so this letter tends to get pushed down the priority list. Another […]
REIT Report: G-A REIT IV is picking up the pace
Despite high pricing for MOBs, the non-traded REIT is finding buys to its liking By John B. Mugford It’s been a number of years since the country’s healthcare-focused, non-traded real estate investment trusts (REITs) have been included among the most-aggressive pursuers and investors of the highest-quality medical office buildings (MOBs) put on the market.
Post-Acute & Senior Living: Griffin-American Healthcare REIT IV to acquire nursing facilities in Missouri for $88.2 million
MISSOURI – Irvine, Calif.-based Griffin-American Healthcare REIT IV (G-A REIT IV), a non-traded real estate investment trust (REIT), has agreed to acquire eight skilled nursing facilities (SNFs) in Missouri for $88.2 million.
Companies & People: Colliers completes HSRE investment
CRE firm closes on acquisition of 75 percent niche investor Harrison Street By Murray W. Wolf Just in case you missed the news because it happened the day after the Fourth of July, global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) completed its previously announced strategic investment in Harrison […]
Companies & People: Washington Property Company starts $21 million MOB near an HCA hospital in Dulles, Va.
DULLES, Va. – Bethesda, Md.-based Washington Property Company (WPC) started construction in recent weeks on a future 67,000 square foot, $21 million MOB across the street from the three-year-old, 124-bed HCA StoneSprings Medical Center in Dulles, 30 miles northwest of Washington.
Companies & People: JLL Healthcare Solutions to provide facilities management for LifeCare Health Partners
DALLAS – The South Central Region Healthcare Solutions team with Jones Lang LaSalle (NYSE: JLL) has been hired by Plano, Texas-based LifeCare Health Partners to provide an integrated facilities management program across the provider’s 19 freestanding and “hospital-in-hospital” facilities in nine states.
Companies & People: Landmark Healthcare Facilities opens $21.5 million MOB on heart and lung campus in N.J.
PEMBERTON TOWNSHIP, N.J. – After analyzing the local market to determine what healthcare services were needed, Milwaukee-based Landmark Healthcare Facilities LLC recently opened a new multi-tenant, 60,000 square foot MOB in the Browns Mills section of Pemberton Township, 40 miles east of Philadelphia.
Companies & People: Scripps Health gains approval for MOB in Oceanside, Calif., in the backyard of a rival hospital
OCEANSIDE, Calif. – Oceanside’s Planning Commission has approved a three-story, 85,000 square foot MOB to be occupied by San Diego Scripps Health.
Companies & People: Phoenix team with Marcus & Millichap brokers six MOB sales in first four months of 2018
PHOENIX – A Phoenix-area team with Calabasas, Calif.-based Marcus & Millichap (NYSE: MMI) found plenty of success selling net-leased MOBs in the first four months of 2018.
Companies & People: Colliers completes HSRE investment
CRE firm closes on acquisition of 75 percent niche investor Harrison Street By Murray W. Wolf Just in case you missed it because the news broke on the day after the Fourth of July, global commercial real estate (CRE) services firm Colliers International Group Inc. (Nasdaq and TSX: CIGI) completed its previously announced strategic investment […]
Companies & People: As it expands into new area, Crown Tenants Advisors hires a new managing director
ATLANTA – In announcing an expansion into Alabama and the Florida Panhandle, Atlanta-based Crown Tenant Advisors, a boutique firm focused on providing HRE services, has hired a new managing director.
Companies & People: Five questions for Tag Birge
As Cornerstone reaches a milestone, he discusses its unique business model By John B. Mugford In the medical office building (MOB) sector, the yearly dollar volume of facility sales has grown quite dramatically during the past two decades, hitting an all-time high of more than $12 billion in 2017, according to real estate research firm […]
Companies & People: Cushman & Wakefield hires Shane Funston as part of its Healthcare Advisory Group
PHILADELPHIA – Chicago-based Cushman & Wakefield Inc. recently named Shane Funston as a senior director of its Commercial Brokerage and Healthcare Advisory groups.
