Industry Pulse: All of our COVID-19 coverage in one place
For your convenience, here are links to most of the COVID-19 coverage HREI has published to date: Feature Story: Recovery could be slower; U-shaped vs. V-shaped REIT Report: REITs reacting to COVID-19, not necessarily buying Feature Story: HRE update from the front lines Feature Story: The MOB market did well during Q1 Feature Story: Your […]
News Release: NK Architects announces these exciting recent and newly-awarded projects
It is with the continued confidence of our clients and the dedication of our staff that NK Architects announces these exciting recent and newly-awarded projects that serve health, education and community. NORTHWELL HEALTH NEW CANCER CENTER STATEN ISLAND UNIVERSITY HOSPITAL This new Cancer Center relates to its shore surroundings with a theme of earth, sea […]
News Release: CIT Provides $21 Million Medical Office Portfolio Loan
NEW YORK — May 14, 2020 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit served as the sole lead arranger on a $21 million acquisition financing for a portfolio of medical facilities in Texas. Ridgeline Capital Partners acquired nine medical properties containing approximately 100,000 square feet in the Dallas-Fort Worth area. […]
Feature Story: Recovery could be slower; U-shaped vs. V-shaped
Noted economist, real estate expert Dr. Sam Chandon details the downturn during Revista webcast By John B. Mugford As the country bounces back from the COVID-19 pandemic, it is becoming less likely that the economy will make the quick “V-shaped” recovery that many economists, businesses and, for that matter, all of us were hoping for. […]
News Release: American Nurses buys Orlando office building
American Nurses Acquires 7KSF Medical Office Building Near Downtown Orlando The Orlando-Based Home Healthcare Agency Plans to Significantly Renovate the Former Optometry Office ORLANDO, FL, May 12, 2020 – Cushman & Wakefield has arranged the sale of a 7,058-square-foot medical office building in Uptown Orlando for $1.41 million. The buyer is American Nurses, an Orlando-based […]
News Release: 12|12 Aventura Announces Groundbreaking
FOR IMMEDIATE RELEASE Community-Focused Development to Feature Senior Luxury Residences, Gourmet Marketplace and Professional Offices; Will Further Establish the Aventura Health District AVENTURA, FL (May 12, 2020) – Aventura-based Rieber Developments has announced the groundbreaking of 12|12 Aventura, a premier mixed-use project with medical and professional offices, senior luxury residences and a vibrant dining and […]
REIT Report: REITs reacting to COVID-19, not necessarily buying
While Q1 reports show a slowdown in acquisitions, portfolios are holding up well By John B. Mugford NATIONWIDE – It looks as if the country’s healthcare-focused, publicly traded real estate investment trusts (REITs) pared down their acquisition and investment activity in the first quarter (Q1), putting much of their focus on shoring up their balance […]
News Release: Orange Park (Fla.) Medical Center opens first phase of new tower
Orange Park Medical Center May 12, 2020 Orange Park, Florida – This week Orange Park Medical Center opened its first phase of their new $62 million 101,435 square foot tower. The newly opened 5,800 square foot space includes the hospital’s outpatient testing and imaging services, patient registration and 2,200 square foot of shell space for future […]
News Release: IRA Capital acquires California medical building leased to St. Joseph
May 7, 2020 – Southern California-based IRA Capital (IRA) is pleased to announce the acquisition of a 56,000 square foot Medical Office Building in Santa Ana, CA. The building is well-located in an irreplaceable location of Orange County anchored by St Joseph Hospital of Orange, which occupies approximately 98% of the building. St. Joseph is […]
News Release: National Health Investors Announces Q1 2020 Results
Company Release – 5/11/2020 4:30 PM ET MURFREESBORO, TN / ACCESSWIRE / May 11, 2020 /National Health Investors, Inc. (NYSE:NHI) announced today its net income attributable to common stockholders, its Funds From Operations (“FFO”), its Normalized Funds From Operations and its Normalized Adjusted Funds From Operations (“AFFO”) for the three months ended March 31, 2020. Q1 2020 […]
News Release: Ridgeline Capital Partners Acquires 10 Medical Office Buildings in Dallas-Fort Worth Metroplex with Help from Investors on CrowdStreet
NEWS RELEASE — MAY 7, 2020 Ridgeline Capital Partners Acquires 10 Medical Office Buildings in Dallas-Fort Worth Metroplex with Help from Investors on CrowdStreet, Who Invest $5.3 Million of Equity in the Deal Oversubscribed: Investors on CrowdStreet Marketplace pledge $15 million for the offering as COVID crisis, stock market volatility continues Hot property: Net-leased buildings […]
News Release: Plaza Companies Leads Way in Construction of Buildings With Focus on Health and Wellness Throughout the Valley
FOR IMMEDIATE RELEASE Integrating Unprecedented Approach Throughout Signature Development Projects; Focus on Health for Employers and Tenants Certain to Become Permanent After Crisis PHOENIX, Arizona (May 8, 2020) — Plaza Companies continues to develop real estate in new ways, focusing on health and wellness in office buildings throughout the Valley at a time when it […]
News Release: Medical Office Asset Sold by Institutional Property Advisors for $19.25 Million in Northern Virginia
FOR IMMEDIATE RELEASE DUMFRIES, Va., May 8, 2020 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Dumfries Health Center, a 99,718-square-foot medical office building in Dumfries, Virginia. The single-tenant building is leased to Spectrum Healthcare Resources on a long-term basis. The asset sold for $19.25 […]
News Release: Ventas Reports 2020 First Quarter Results and Provides COVID-19 Business Update
May 8, 2020 at 7:00 AM EDT CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (the “Company”) today reported results for the first quarter ended March 31, 2020. The Company also provided an update regarding how its operations and financial condition have been affected in the second quarter 2020 by the pandemic. “Ventas delivered strong first quarter results, which exceeded […]
News Release: Physicians Realty Trust Reports First Quarter 2020 Financial Results
PRESS RELEASE Company Release – 5/7/2020 7:51 AM ET Reports April Rent Collection of 94% and Provides Update on COVID-19 Impact Announces $0.07 Net Income per Share and $0.26 per share of Normalized FFO for the First Quarter of 2020 First Quarter and Recent Highlights: Reported first quarter 2020 total revenue of $107.4 million, an increase of […]