Industry Pulse: Georgia could be the next HRE boom state, as lawmakers plan to examine CON law
In other states that have dropped, or dramatically lessened the effects of, their Certificate of Need (CON) laws, the development of hospitals, MOBs and other types of healthcare facilities has increased dramatically. One such state is Florida, where healthcare projects have soared since the state repealed significant portions of its CON law in 2019. Now, […]
News Release: Harrison Street Acquires New Medical Office Property in Escondido, California
Fully-Leased, Class-A Property is Part of Expanding Palomar Medical Center Campus CHICAGO, IL and ESCONDIDO, CA, August 8, 2023 – Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, with approximately $56 billion in assets under management, today announced the acquisition of Palomar Health Outpatient Center III, a newly […]
News Release: RTG Partners with Erlanger Health to Provide Comprehensive Real Estate Management Services for 1.6-Million-Square-Foot Portfolio
(Knoxville, TN – July 2023) Erlanger Health, Inc. (Erlanger) recently announced a partnership with Realty Trust Group (RTG), a full-service healthcare real estate advisory and services firm, to manage its 1.6-million-square-foot real estate portfolio. Based in Chattanooga, TN, Erlanger is a nationally acclaimed, six-hospital system that treats more than 600,000 people annually, with facilities spanning […]
News Release: BOLOUR completes sale of medical office asset in Dallas, Texas
Building was the company’s first medical office acquisition in the DFW market Dallas, TX – (August 8, 2023) — Privately-owned real estate investment, development and finance company Bolour Associates Inc. (BOLOUR) has sold a Class A medical office building in Dallas, Texas after a 16-month hold period. It was the company’s first medical office acquisition […]
News Release: Berkadia Adds Director To Medical & Life Sciences Platform
Minneapolis, MN – August 7, 2023 – Berkadia announced today the addition of Director Patrick Abeln to the Medical & Life Sciences platform. Abeln will be based in Minneapolis and will be focusing on debt placement and JV equity structuring. Abeln will report to Senior Managing Director – Head of Medical & Life Sciences Sabrina […]
REIT Report: Patient and prudent, not stagnant
Deals might be slow now, but Physicians Realty Trust is optimistic about the future By John B. Mugford During a time of rising interest rates, harder-to-obtain debt for acquisitions, and a larger-than-normal pricing gap between what buyers would like to pay and what sellers would like to receive, medical office building (MOB) sales have dropped […]
News Release: MSU buys $48M property to house health care services
East Lansing, Mich. Aug. 8, 2023 — Michigan State University has purchased a two-building property that will house MSU Health Care providers under one roof, making services such as family medicine, pediatrics and ambulatory surgery more accessible to patients. The $48 million purchase, approved by the MSU Board of Trustees in February and finalized last month, is the […]
News Release: Preston Hollow Community Capital Completes $85 Million Bond Purchase for Mixed-Use Development in Westbrook
August 08, 2023 09:00 AM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–Preston Hollow Community Capital (“PHCC”) recently announced the purchase of $85.7 million in tax-exempt revenue bonds issued by the Finance Authority of Maine (“FAME”). Proceeds from the bonds will be used to fund the development of critical public infrastructure in a 65-acre mixed-use development in Westbrook, […]
News Release: Medical Properties Trust, Inc. Reports Second Quarter Results
Per Share Net Loss of ($0.07) and Normalized FFO of $0.48 in Second Quarter August 08, 2023 08:00 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the second quarter ended June 30, 2023, as well as certain events occurring subsequent […]
News Release: TPG Reports Second Quarter 2023 Financial Results
Total assets under management of $139 billion as of June 30, 2023, an increase of 9% compared to $127 billion as of June 30, 2022 GAAP net income attributable to TPG Inc. of $27 million for the second quarter ended June 30, 2023, with basic net income per share of Class A common stock of […]
News Release: Montecito Medical Acquires Medical Office Portfolio in Chicago Area
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired an 11,118-square-foot medical building in Hammond, IN. The building is 100% occupied by the Williams Eye Institute and serves as the group’s flagship location. The property is situated approximately 25 miles south of downtown Chicago. “We are thrilled to make another medical real […]