News Release: HCP Reports Fourth Quarter and Year Ended 2018 Results
HCP, Inc. (NYSE: HCP) today announced results for the fourth quarter and full year ended December 31, 2018. FOURTH QUARTER 2018 AND RECENT HIGHLIGHTS – Diluted net income of $1.73 per share, diluted NAREIT FFO of $0.41 per share and diluted FFO as adjusted of $0.43per share – Closed on the previously announced sale of Shoreline Technology Center in Mountain View, […]
News Release: AHN Opens $35 Million Cancer and Imaging Center at Forbes Hospital
Wednesday, February 13, 2019 MONROEVILLE, PA – Highmark Health and Allegheny Health Network (AHN) today cut the ribbon to a new $35 million, 63,000 square foot cancer and imaging center at Forbes Hospital. The first facility of its kind in Pittsburgh’s east suburbs, the center offers patients convenient access to closely coordinated, multi-disciplinary cancer and imaging care […]
News Release: CVS Health Testing New HealthHUB Store Format
When CVS Health completed its acquisition of Aetna in November 2018, it set a bold course to transform the consumer health care experience in America. Today, the combined company is taking an important step in its work with the introduction of HealthHUB® locations at CVS Pharmacy stores in Houston, Texas. “We believe that transforming the consumer health care […]
News Release: Award-winning Ambulatory Dental Surgery Center in Charlotte Complete
Construction is complete on state accredited dental surgery center for Carolinas Center for Oral & Facial Surgery, DBA Valleygate Dental Surgery Center of Charlotte A M King and The Keith Corporation (TKC) announced today that construction is complete for a single specialty, dental-only ambulatory surgery center in the University area of Charlotte. The new facility […]
News Release: Realty Trust Group Expands Relationship With Cone Health
Realty Trust Group Expands Relationship With Cone Health, Now Full Outsourcing Partner for 1.8 Million Square-Foot Real Estate Portfolio GREENSBORO, N.C., AND KNOXVILLE, Tenn., Feb. 13, 2019 — Realty Trust Group has been engaged by Cone Health to provide full property management, property accounting and project management services for Cone’s 1.8 million square-foot ambulatory and administrative […]
Feature Story: Steadiness of the MOB sector is the exciting news
Revista’s conference highlights strong sales volume, NOI growth, etc. SAN DIEGO – As a slide appeared on the big screens during a conference in San Diego last week hosted by healthcare real estate (HRE) research firm Revista, Mike Hargrave, a principal with the company, said, “I would imagine this is why we’re all here.” The […]
Feature Story: When is the downturn coming?
At Revista conference, well-known economist looks at the future SAN DIEGO – We’d all love to know whether the U.S. economy is headed for a recession later in 2019, or perhaps in 2020. We’d also like to know exactly when such a downturn will happen, how long it will last, how mild or drastic it […]
News Release: Stage Equity Partners Acquires Inverness Dental & Medical Plaza in Birmingham, AL
Chicago-based Stage Equity Partners (Stage Equity), has acquired Inverness Dental & Medical Plaza located at 202 Inverness Center Drive in Birmingham, AL, from Inverness Dental Associates, LLC. Purchase price was not disclosed. Said Stage Equity Partner Brian Howard, “We worked directly with the physician and dentist owners to structure a sale-leaseback that best serves the […]
News Release: Welltower Announces Addition of Kathryn Sullivan to Board of Directors
Welltower Inc. (NYSE: WELL) announced today the appointment of Kathryn M. Sullivan, CPA to its Board of Directors. The Company also announced the retirement of Judith Pelham and Geoffrey Meyers from the Board. “Kathryn is a respected health care executive with an in-depth understanding of the U.S. health system,” said Jeff Donahue, Welltower’s Board Chair. “Her functional depth and breadth of experience […]
News Release: Welltower Reports Fourth Quarter 2018 Results
2/12/2019 7:00:00 AM TOLEDO, Ohio, Feb. 12, 2019 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended December 31, 2018. For the quarter, we generated net income attributable to common stockholders of $0.27 per share and normalized FFO attributable to common stockholders of $1.01 per share. For the year, we generated net income attributable to common stockholders of $2.02 per share and […]
News Release: For Sale: 3838 California, San Francisco – Anchored by Sutter Health
OFFERING SUMMARY HFF is pleased to present to qualified investors the opportunity to acquire the 100% fee simple interest in 3838 California (the “Property”), an 82,805(1) square foot institutional-quality medical office building located in the prestigious Presidio Heights neighborhood within the City of San Francisco. The Property represents a fortress risk profile, and the first […]
News Release: Cornerstone Companies, Inc. MOB Fund Acquires $18.6M Portfolio
Cornerstone Companies, Inc. recently announced the purchase of three healthcare real estate properties totaling more than 94,000 sf in Texas, Louisiana and Illinois for a total of $18.6 million. The properties were acquired by Cornerstone MOB Fund III, a private equity fund focused solely on medical real estate. Over the past three years, Cornerstone has […]
News Release: JUST SOLD – Premier Coastal Medical Office Building Trades for Record-Setting Price in Newport Beach, CA
CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 1601 Avocado Avenue in Newport Beach, California. Anthony DeLorenzo, Gary Stache, Doug Mack, and Chris Bodnar of CBRE represented the seller, a private investor. The buyer, a renowned medical institution, will operate its first Orange County facility at the property. The sale reflected […]
News Release: Macada Properties welcomes Jonathan Epstein, CCIM as Vice President of Real Estate
Jonathan Epstein, CCIM joined Macada Properties as their Vice President of Real Estate. Epstein has been in the Commercial Real Estate field for over 15 years, under the mentorship of his father, Jeff A. Epstein and his partner, William M. Berger at Berger-Epstein Associates, Inc. Epstein is a fourth-generation real estate professional in the Lehigh Valley […]
News Release: Lancaster Pollard Announces Hiring of Laca Wong-Hammond
Lancaster Pollard, an ORIX Corporation USA company, has announced the hiring of Laca Wong-Hammond as a managing director with its affiliate OREC Securities, LLC, which provides mergers and acquisitions (M&A) services. Wong-Hammond will co-lead business development efforts for the firm’s sell-side and buy-side advisory services to owners and operators of seniors housing and care properties, […]