News Release: Just Closed: Emerson Hospital Center for Specialty Care | Concord, MA
JLL Investment Advisory Healthcare Capital Markets Just closed: Emerson Hospital Center for Specialty Care | Concord, MA The JLL Healthcare Capital Markets Group is pleased to announce the sale of the Emerson Hospital Center for Specialty Care in Concord, Massachusetts. The state-of-the-art medical office building comprises 46,350 rentable square feet and is leased to Emerson Hospital […]
Feature Story: How low can MOB cap rates go?
HRE professionals discuss the current pricing frenzy at Revista conference By John B. Muford PALM BEACH GARDENS, Fla. – In recent years, as the competition to acquire medical office buildings (MOBs) has heated up tremendously, capitalization (cap) rates, or the expected first-year returns, have dropped steadily. This cap-rate compression, if you will, has left many […]
News Release: CIT Leads Financings Totaling $93.7 Million for Healthcare Venture
NEW YORK — Feb. 18, 2020 — CIT Group Inc. (NYSE: CIT) announced that its Healthcare Finance unit served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington between New Generation Health LLC (New Gen) and affiliates of Genesis Healthcare Inc. (Genesis). New Gen, a healthcare […]
News Release: Healthcare Trust Of America, Inc. Reports 2019 Results And 2020 Earnings Guidance
February 13, 2020 Scottsdale, Arizona (February 13, 2020) – Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) announced results for the quarter and year ended December 31, 2019. “In 2019, HTA grew its best-in-class portfolio with strategic accretive investments in key markets, while continuing to build strong tenant and health system relationships and strategic partnerships,” stated […]
News Release: $19,900,000 Medical Office Building Sale
Fairfield Advisors announces sale of Des Peres Square Surgery Center and Medical Office Building in St. Louis. – $19,900,000 Transaction – (Denver, CO. and St. Louis MO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Des Peres Square Surgery Center and Medical Office Building. […]
News Release: Welltower Reports Fourth Quarter 2019 Results
2/12/2020 4:57:00 PM EST TOLEDO, Ohio, Feb. 12, 2020 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended December 31, 2019. Fourth Quarter Highlights Reported net income attributable to common stockholders of $0.55 per diluted share compared to $0.27 per diluted share in 2018 Reported normalized FFO attributable to common stockholders of $1.05 per diluted share, compared to $1.01 per diluted share in […]
News Release: Flagship Healthcare Properties Expands Raleigh Portfolio with Acquisition
NEWS RELEASE FOR IMMEDIATE RELEASE Healthcare real estate firm acquires ambulatory surgery center CHARLOTTE, N.C. (Feb. 12, 2020) — Flagship Healthcare Properties (Flagship), a healthcare real estate firm, broadens its Raleigh, N.C. footprint with the acquisition of Blue Ridge Surgery Center. The 20,962-square-foot ambulatory surgery center is located at 2308 Wesvill Court on the Blue […]
News Release: Rossmoor Retail Partners Announces New John Muir Health Medical Facility at the Historic Rossmoor Shopping Center, Walnut Creek, CA
Rossmoor Retail Partners, LLC is pleased to announce that John Muir Health recently signed a long-term lease to build a new, state-of-the-art medical facility at Rossmoor Shopping Center. ROSSMOOR, CALIF. (PRWEB) FEBRUARY 12, 2020 Rossmoor Retail Partners, LLC is pleased to announce that John Muir Health recently signed a long-term lease to build a new, state-of-the-art […]
Outpatient Projects: Information needed for annual development survey
Any firms involved in outpatient projects are asked to respond to Revista By John B. Mugford Calling all outpatient healthcare facility developers! For the fourth year in a row, Arnold, Md.-based Revista, which focuses on compiling and disseminating data concerning the HRE sector for its subscribers, is collecting information for its 2020 Outpatient Healthcare Real […]
Feature Story: Borrowers and lenders are adapting to the hot HRE market
Expertise and relationships influence debt decisions, Revista panelists say By John B. Mugford When it comes to financing medical office building (MOB) acquisitions, the cost of capital is not always the most important factor in choosing a lender. In fact, when a nine-property MOB portfolio in the Atlanta area changed hands in a sale-leaseback transaction […]
News Release: Perkins and Will Strengthens its North Carolina Health Practice with Key Leadership Hire
FOR IMMEDIATE RELEASE February 11, 2020 Jonathan Miller, an alumnus of the firm, rejoins as principal in North Carolina to oversee the design and delivery of area hospitals and healthcare centers DURHAM, N.C.—Global architecture and design firm Perkins and Will welcomes architect Jonathan Miller to its North Carolina practice to oversee the design and delivery […]
News Release: Healthpeak Properties™ Reports Fourth Quarter and Year Ended 2019 Results
IRVINE, Calif., Feb. 11, 2020 /PRNewswire/ — Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the fourth quarter and full year ended December 31, 2019. FOURTH QUARTER 2019 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.09 per share, NAREIT FFO of $0.39 per share, FFO as Adjusted of $0.44 per share and blended […]
Companies & People: New entrant into HRE space has a distinct niche
CA Ventures, which started out in student housing, is looking to add-value to HRE By John B. Mugford Investing in medical office buildings (MOBs) has become a heavily trafficked and crowded landscape, with buyers of various types and sizes, including large institutions, continually scouring the market for the product type. Despite the strong demand for […]
News Release: 6 Clinics Under 6 Months in North Carolina
February | 2020 6 Clinics Under 6 Months in North Carolina From early discussions to the end of construction, Optimal successfully delivered six new Messino Cancer Centers within six months for the North Carolina communities of Asheville, Franklin, Spruce Pine, Marion, Sylva, and Brevard. Optimal worked with the group to identify suitable options in each […]
News Release: Fastmed Partners With CBRE To Increase Patients’ Access To High-Quality Care In New And Upgraded Facilities
CBRE to provide a broad range of real estate services to FastMed’s growing clinic footprint PHOENIX (Feb 11, 2020) – FastMed Urgent Care, one of the nation’s largest urgent care providers, announces its partnership with CBRE, the largest U.S. commercial real estate firm, to select high-potential locations for its new clinics, optimize leases, and manage clinic maintenance and […]