Companies & People: HRE firms form ‘win-win’ alliance
Health America Realty Group teams up with the Lincoln Harris healthcare unit By John B. Mugford Although the two healthcare real estate companies are significantly different in size, officers with each of them believe a strategic alliance they entered in late 2017 is going to be a winwin for both.
Inpatient Projects: A new $468M pavilion in Santa Clara
370,000 square feet Sobrato Pavilion houses rehab ‘hospital within a hospital’ By John B. Mugford As the healthcare delivery model continues to evolve, more and more patients will be treated via tele-medicine or in outpatient settings, leaving hospitals to focus more and more on technology and treating those who are very sick or recovering from […]
Transactions: Pair of investors pays $35.3M for ortho group-anchored MOB in Bloomington, Minn.
BLOOMINGTON, Minn. – A pair of individual investors recently teamed up to acquire a large orthopedic facility in Bloomington, a Minneapolis suburb, for $35.3 million. According to data from RCA, Minneapolis based Sentinel Management Company, which is headed by Luigi Bernardi and Jim Gearen, purchased the 103,000 square foot Tria Orthopaedic Center at 8100 Northland […]
Post-Acute & Senior Living: Welltower to acquire four CCRCs for $368 million, transition portfolio to RIDEA structure
Toledo-based Welltower Inc. (NYSE: HCN) has entered a definitive agreement to acquire a portfolio of four continuing care retirement communities (CCRCs) in three East Coast markets for $368 million.
Inpatient Projects: Boca Raton (Fla.) Regional Hospital receives donations, plans $260 million tower
As Boca Raton Regional Hospital (BRRH) prepares to start planning for a $260 million expansion, it has announced that three families/foundations are donating a total of $35 million toward the
Outpatient Projects: PMRG, physician partners start work on MOB adjacent to hospital in Irving, Texas
Local news media reports that Houston-based PMRG, along with several physician partners, recently began construction of a three story, 58,000 square foot MOB adjacent to the 296-bed Baylor Scott
Companies & People: Caddis launches $150M MOB fund
Mega investment firm Invesco is one of the investors, industry sources say By John B. Mugford The medical office building (MOB) sector continues to see a wave of new investors entering, or looking to enter, the space. Although healthcare real estate (HRE) firm Caddis is hardly a new name in the sector, it has launched […]
News Release: CBRE promotes Chris Bodnar and Lee Asher to vice chairmen
Leaders and Founders of CBRE’s U.S. Healthcare Capital Markets Facilitate $2.6 Billion in Medical Office Building Sales in 2017 Alone; $8 Billion Since Group Formation CBRE announced today that Chris Bodnar and Lee Asher of its Healthcare Capital Markets Group have both been promoted to Vice Chairman–the highest title ranking among CBRE producers. Mr. Bodnar […]
News Release: Cornerstone and OSF Healthcare announce completion of new, ground-up development
A brand-new, OSF Healthcare facility is now open to patients in Godfrey, IL. Completed by Cornerstone in December 2017, the 13,126-square-foot medical office building includes clinic space and an urgent care center. This single-story, ground-up development is operated by OSF Healthcare, a 13-hospital health care system serving Illinois and the Upper Peninsula of Michigan. Cornerstone […]
News Release: Crown Tenant Advisors Welcomes New Managing Director
Dennis Yokum expands sales in Eastern Tennessee for healthcare real estate firm Crown Tenant Advisors, a boutique healthcare real estate firm, announced today that Dennis Yokum has joined the company as a Managing Director for Eastern Tennessee. Yokum is a licensed commercial real estate broker and will be responsible for dental, medical, and veterinary tenant and buyer […]
News Release: Crown Tenant Advisors Appoints New Managing Director
David Stose joins healthcare real estate firm to serve Tennessee market Crown Tenant Advisors, a boutique healthcare real estate firm, announced today that David Stose has joined the company as a Managing Director for Tennessee. Stose is a licensed commercial real estate broker and will be responsible for dental, medical, and veterinary tenant and buyer representation in Tennessee, […]
News Release: Welltower Reports Fourth Quarter 2017 Results
Welltower Inc. (NYSE: HCN) today announced results for the quarter ended December 31, 2017. For the quarter, we generated net loss attributable to common stockholders of $0.30 per share and normalized FFO attributable to common stockholders of $1.02 per share. For the year, we generated net income attributable to common stockholders of $1.26 per share and normalized FFO attributable to common stockholders of $4.21 per […]
Transactions: Heitman lands 1.4 million s.f. on-campus portfolio
The 17 MOBs in the seven-state PHT Portfolio are 96 percent occupied By John B. Mugford CHICAGO – One of the “highest quality, on-campus portfolios ever offered” has changed hands, with Chicago-based Heitman LLC purchasing 17 medical office buildings (MOBs) totaling 1.4 million square feet, according to a Feb. 16 Heitman news release. While the […]
News Release: Investment Sale of 4 Northeast TN Medical Office Buildings
Investment Sale of 4 Holston Medical Group Buildings Anthony Lunceford and Joe Massa, the Nashville-based Executive Managing Directors of Colliers International’s Healthcare Investment Services group, transacted recently on the sale of 4 northeast Tennessee medical office buildings previously owned by Holston Medical Group. The purchasing party was a private equity group. HMG will continue operations in the […]
News Release: Cypress West Acquires MOB in NV in JV
Cypress West Partners Acquires Parkway Medical Plaza in Henderson NV in Joint Venture Cypress West Partners, a Southern California-based healthcare investment, leasing and property management firm, has acquired Parkway Medical Plaza, an 88,958-square-foot medical office building located at 100 N. Green Valley Parkway in Henderson, NV. Cypress West Partners acquired the property with Virtus Real […]
