News Release: Westover Hills Baptist Hospital Tops Out, Marking Midpoint of Construction
Press Release 05.25.23 Construction firm Robins & Morton topped out Westover Hills Baptist Hospital in San Antonio on May 23. The topping out celebrates the installation of the final steel beam, completing the hospital’s structure and marking the official midpoint of construction. Once complete in summer 2024, the five-story, 104-bed hospital will span 255,000 square […]
News Release: New Rehabilitation Hospital Opens in Indianapolis
Indianapolis, IND. (05/23/2023): Capital Growth Medvest is pleased to announce the completion of Community Health Network’s new inpatient rehabilitation hospital in Brownsburg, Indiana. The new facility is a partnership with Community Health Services and Lifepoint – Kindred. The joint venture represents their third rehabilitation hospital in the Indianapolis metro area. The new 55,700-square-foot specialty inpatient […]
News Release: Bergman Real Estate Group Announces New Long-Term Lease at 500 College Road East in Princeton
Accurant Biotech signs 27,000 sq. ft. in recently renovated office center PRINCETON, N.J. (May 23, 2023) — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, New Jersey, announced that the life sciences company, Accurant Biotech, Inc. has signed a 10-year lease for 26,566 feet of office space at 500 College Road […]
Feature Story: Same underwriting, new ‘math’
Inflation, interest rates and the bid-ask gap have slowed HRE lending By John B. Mugford If healthcare real estate (HRE) loan volume has declined in recent months, lenders say, don’t blame them. The real culprits, they say, are rising inflation and higher interest rates, as well as the gap between seller expectations and what buyers […]
News Release: Medical Properties Trust Announces Prospect Recapitalization Transactions
Third-Party Lenders Invest $375 Million in Prospect Proceeds Fully Repay Prospect’s ABL Facility BIRMINGHAM, Ala., May 23, 2023–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that affiliates of Prospect Medical Holdings (“Prospect”) have completed $375 million in new financings from third-party lenders, the proceeds of which will be used to […]
News Release: Robins & Morton Completes CaroMont Regional Medical Center’s Critical Care Tower
Press Release 05.22.23 CaroMont Health Regional Medical Center Critical Care Tower InteriorConstruction firm Robins & Morton celebrated the completion of CaroMont Regional Medical Center’s new critical care tower in Gastonia, North Carolina, on May 4. The new four-story, 176,811-square-foot vertical expansion added 78 additional patient rooms to the CaroMont Regional Medical Center campus. Each floor […]
News Release: The Sanders Trust Breaks Ground on $48 Million Inpatient Rehabilitation Hospital
New 60,500-sq. ft. Facility Located in Florida Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking for a new $48 million inpatient rehabilitation hospital, Northwest Florida Rehabilitation Hospital in Jacksonville, FL. The Sanders Trust was selected as the developer […]
News Release: Greystar Welcomes Matt Denoble To Expand Growing Life Sciences Verticle
PRESS RELEASE MAY 18, 2023 DeNoble brings more than two decades of asset management experience to the firm Boston, Massachusetts – May 18, 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, today announced that Matt […]
For Sale: New to Market – Gridiron MOB Portfolio
Newmark Healthcare Capital Markets Presents Gridiron MPB Portfolio 20 Properties | 479,688 SF | 11 States The Opportunity The Newmark Healthcare Capital Markets Team has been retained as the exclusive financial advisor for the sale of a portfolio of 20 outpatient medical office buildings, located in 11 states and totaling 480,000 square feet. The Portfolio […]
News Release: FCPT Announces Acquisition of two Fast Pace Health Properties for $4.9 Million
MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Fast Pace Health properties for $4.9 million. Fast Pace Health is an urgent care provider with […]
News Release: First Citizens Provides $30 Million in Financing for Amavida Living Community in Florida
NEW YORK — May 17, 2023 — First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, Florida. Amavida is a 387-unit senior housing community consisting of 251 independent-living units, 113 assisted-living units and 23 memory care units. The […]
News Release: MedProperties Realty Advisors acquires a 51,591-square-foot kidney care center in Utah
FOR IMMEDIATE RELEASE The Class A Wasatch Renal Center in South Salt Lake houses practices affiliated with Fresenius Medical Care, a worldwide leader in the research and treatment of kidney disease SOUTH SALT LAKE, Utah, and DALLAS, May 17, 2023 – MedProperties Realty Advisors has acquired the 51,591-square-foot, Class A Wasatch Renal Center In the […]
News Release: NexPoint Expands Life Sciences Real Estate Footprint with Acquisition of Two Properties from Adare Pharma Solutions
Properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million in equity from accredited investors via a private placement offering DALLAS, May 17, 2023 /PRNewswire/ — NexPoint, a multibillion-dollar alternative investment platform, today announced the acquisition of two life sciences industrial properties located in Philadelphia, Pennsylvania, from Frontida Biopharm, LLC, a company in the […]
News Release: State of the Art Outpatient Optical Center for Diabetics Slated for September Groundbreaking in Philadelphia, PA
PHILADELPHIA–(BUSINESS WIRE)–Pediatric and adult diabetic patients in Philadelphia can look forward to accessing specialized optical care this year thanks to the efforts of a collaboration between four optical industry chief executive officers. Tioga Diabetic Optical Laboratories, a cutting-edge black-owned commercial ophthalmic facility based in Philadelphia, PA has formed a strategic partnership with Satisloh North America, […]
News Release: Cypress West Partners Acquires 30,000-Square-Foot Medical Office Building in Mesa, AZ for Major Repositioning and New Lease
For Immediate Release: Mesa, AZ (May 16, 2023) – Cypress West Partners has completed the acquisition of a 30,000- square-foot single-story medical office building located at 6309 East Baywood in Mesa, Arizona. The firm acquired the 100% vacant building from a group of local physicians who originally developed the building in 2002 and have operated […]