News Release: Simone Development Companies, Fareri Associates Celebrate Ribbon Cutting for Release Recovery’s First NYS Outpatient Facility at Purchase Professional Park
PURCHASE, NY – MARCH 22, 2024 – Simone Development Companies and Fareri Associates joined with Release Recovery yesterday at Purchase Professional Park to celebrate the ribbon cutting of the mental health company’s new 7,698 SF outpatient facility at 3020 Westchester Avenue. This is Release Recovery’s first outpatient treatment facility in New York State. From left […]
News Release: Sila Realty Trust, Inc. Completes Acquisition of $85.5 Million Healthcare Portfolio in Arizona and Texas
TAMPA, Fla.–(BUSINESS WIRE)-– Sila Realty Trust, Inc. (the “Company”), a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of five Class A healthcare facilities located in Arizona and Texas (the “Portfolio”), for a contract purchase price of $85.5 million. The […]
News Release: American Healthcare REIT (“AHR”) Announces Fourth Quarter 2023 and Full Year 2023 Results; Issues Full Year 2024 Guidance
IRVINE, Calif. (March 21, 2024) – American Healthcare REIT, Inc. (NYSE: AHR) announced today its fourth quarter and full year 2023 results. Further, the company reported various subsequent-to-quarter-end items. Key Highlights: Reported GAAP net loss attributable to stockholders of $0.42 and $1.08 per basic and diluted share for the three and 12 months ended Dec. […]
News Release: Flagship Healthcare Properties Elects New Partners
Senior executives Rex Noble, Kyle Sweeney and Blake Bratcher join ownership ranks CHARLOTTE, N.C. — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, has appointed three of its executives as owners and partners: Rex Noble, Executive Vice President of Asset Management; Kyle Sweeney, Chief Investment Officer; and Blake Bratcher, Executive Vice President of […]
News Release: Sila Realty Trust, Inc. Announces New $250 Million Unsecured Term Loan
TAMPA, Fla.–(BUSINESS WIRE)-– Sila Realty Trust, Inc. (the “Company”), a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the closing of an Amended and Restated Term Loan Agreement (the “Term Loan”). The Term Loan initially matures March 2027, and includes two twelve-month […]
News Release: Montecito Medical Launches MontecitoPLUS: Empowering Physicians with Innovative Solutions for Growth and Prosperity
Data-driven platform democratizes the complex business of medicine, giving healthcare provider groups of all sizes the same benefits, buying power and access to technologies previously only afforded the big guys NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a trusted leader in medical office real estate, proudly announces the launch of MontecitoPLUS, a groundbreaking platform designed to empower physician […]
News Release: Lonza Signs Agreement to Acquire Large-Scale Biologics Site in Vacaville (US) from Roche
News Release 20 Mar 2024 – Ad Hoc announcement pursuant to Art. 53 LR Lonza has signed an agreement to acquire the Genentech manufacturing facility in Vacaville (US) from Roche for USD 1.2 billion in cash Vacaville (US) site is one of the largest biologics manufacturing facilities in the world by volume Acquisition is set […]
News Release: MilliporeSigma Invests More than € 300 Million in New Life Science Production Site in Korea
Site to supply products to customers for development and production of biologics New Bioprocessing Production Center in Daejeon strengthens company’s footprint in fast-growing Asia-Pacific region Investment to create up to 300 additional jobs BURLINGTON, Mass.–(BUSINESS WIRE)–MilliporeSigma, the U.S. and Canada Life Science business of Merck KGaA, Darmstadt, Germany, invests more than €300 million into a […]
News Release: Gila Cohen Joins Vanbarton Group as Partner and Chief Investment Officer
NEW YORK, New York (March 20, 2024) – Vanbarton Group, a vertically integrated boutique real estate investment firm, is pleased to announce the appointment of Gila Cohen as Partner and Chief Investment Officer. With nearly three decades of experience building businesses and implementing investment strategies, Ms. Cohen brings a wealth of expertise to the Vanbarton […]
Cover Story: DOC-PEAK merger combines the ‘best’ REIT balance sheets
Top officers Scott Brinker and John Thomas say the deal offers ‘great upside’ By John B. Mugford and Murray W. Wolf The March 1 closing of the merger between Denver-based Healthpeak Properties Inc. and Milwaukee-based Physicians Realty Trust created a healthcare and life sciences real estate investment trust (REIT) valued at nearly $21 billion. Behind […]
News Release: McLaren Greater Lansing (Mich.) increases access to care, announces $40 million Grand Ledge freestanding emergency department, medical office building
MARCH 19, 2024 McLaren Greater Lansing, part of statewide McLaren Health Care, has announced its plans to expand further into the community, enhancing patients’ access to health care services with the construction of ambulatory care campus in Grand Ledge. The nearly $40 million construction will be anchored by a freestanding emergency department and include additional […]
Feature Story: He helped establish the HRE sector
‘Retirement’ is a misnomer for MOB monetization pioneer Todd W. Lillibridge By John B. Mugford Back in 1990, a rather young man who was involved in commercial real estate decided to form a new business focused on a niche asset class that, to that point in time, really did not exist. The rest, as they […]
News Release: Vanbarton Healthcare Group and Tramview Capital Management Acquire Campus-adjacent Medical Building in Atlanta Metro
NEW YORK, New York (March 19, 2024) – The healthcare division of Vanbarton Group recently completed the acquisition of a campus-adjacent medical office building in Decatur, Georgia. The 11,055 square foot property is leased to Resurgens Orthopaedics, the largest privately held orthopedic practice in Georgia. The building was completely renovated in 2023 as clinical medical […]
News Release: Montecito acquires Wisconsin portfolio
Montecito acquires medical office portfolio in Milwaukee area Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties, which encompass a total of 92,573 square feet, are 100% occupied by Advocate Aurora Health. “We are excited to acquire these two […]
For Sale: Abbott Northwestern-WestHealth – Trophy 3-Building Outpatient Campus Anchored by Allina Health (Plymouth, Minn.)
ABBOTT NORTHWESTERN-WESTHEALTH Minneapolis-St. Paul MSA CBRE TROPHY 3-BUILDING OUTPATIENT CAMPUS ANCHORED BY Alina Health (Moody’s: Al) The Offering CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire the leasehold interest in Abbott Northwestern-WestHealth (the “Property”). The Property is a 3-building, trophy outpatient campus comprised of 200,960 square feet. The three […]