News Release: Norton West Louisville Hospital opens
$90 million facility aims to improve access to care for residents in a historically underserved area of the city Norton West Louisville Hospital opened its doors to patients today, giving residents of West Louisville access to outpatient, hospital and emergency services as well as primary and specialty care closer to home — a critical need […]
News Release: Encompass Health Rehabilitation Hospital of Houston at The Medical Center Now Open in Texas
The 61-bed inpatient rehabilitation hospital is Encompass Health’s first hospital fully constructed using prefabricated modules. BIRMINGHAM, Ala., and HOUSTON, Nov. 11, 2024 /PRNewswire/ — Today, Encompass Health, the nation’s largest owner and operator of inpatient rehabilitation hospitals, announced the opening of Encompass Health Rehabilitation Hospital of Houston at The Medical Center in Texas. The 61-bed […]
News Release: CBRE Negotiated $7.5 Million Sale of Medical Office Building in Folsom
Folsom, CA November 8, 2024 CBRE facilitated the $7.5 million sale of 1743 Creekside Drive, a 20,086-sq.-ft. medical office building in Folsom, Calif. CBRE Investment Properties’ Matt Post, Sammy Cemo and Anthony DeLorenzo represented the seller, a private investor, in the transaction. “This attractive property is leased to an excellent set of tenants and situated […]
News Release: Medical Properties Trust Announces Prospect’s Binding Agreement to Sell Managed Care Business to Astrana Health
MPT Expects Approximately $200 Million in Cash Proceeds November 08, 2024 08:08 AM Eastern Standard Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Astrana Health, a leading provider-centric healthcare company based in California, entered into a binding agreement on November 8 to purchase the majority of Prospect’s managed care platform for approximately $745 million and the assumption of certain liabilities. […]
News Release: Just Closed :: Scottsdale Medical Pavilion
Campus-Adjacent Medical Outpatient Opportunity with Tremendous Upside in Old Town Scottsdale Transaction Highlights Date Closed 10/31/24 Land Size 2.4 Acres Size 52,346 SF Occupancy 26% Scottsdale Medical Pavilion | 7331 E Osborn Drive | Scottsdale, AZ CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of Scottsdale Medical Pavilion (the “Property”), located in Scottsdale, AZ. […]
News Release: ESI Arranges the Sale of Advocate of East Boston
Boston, Massachusetts – Evans Senior Investments (ESI) has successfully brokered the sale of Advocate Healthcare of East Boston, a 165-bed skilled nursing community in the heart of Boston, Massachusetts. The sale was executed on behalf of an institutional owner looking to recycle capital and shift its investment focus. At the time of ESI’s engagement, the […]
News Release: Medical Properties Trust, Inc. Reports Third Quarter Results
Operations of 17 Former Steward Hospitals Transitioned to Five New Operators Approximately $2.9 Billion of Year-to-Date Liquidity Transactions Completed BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the third quarter ended September 30, 2024, as well as certain events occurring subsequent to quarter end. […]
News Release: One of the largest cranes in the mid-Atlantic rises over WellSpan York Hospital expansion
Project shifts into high gear with concrete and steel soon to be set in York At 227 feet, the tallest structure in York is the fixed tower crane being used to advance the WellSpan York Hospital expansion to the next level of construction. One of the largest cranes in the mid-Atlantic, the hammerhead crane rises […]
News Release: Global Medical REIT Announces Third Quarter 2024 Financial Results
BETHESDA, Md.–(BUSINESS WIRE)–Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, today announced financial results for the three and nine months ended September 30, 2024 and other data. Jeffrey […]
News Release: Recently Closed – West Virginia Eye Consultants Portfolio
Capital Real Estate Group is proud to announce the successful completion of the Sale & Leaseback of the WV Eye Consultants Portfolio, a premier 32,698-square-foot medical outpatient portfolio comprising facilities in Charleston and Beckley, West Virginia. Founded in 2011, WV Eye Consultants has become one of the most respected Ophthalmology practices in West Virginia, known […]
News Release: Texas Health Presbyterian Hospital Plano Opens New Parking Garage, Announces New Tower
Plano Opens New Parking Garage, Announces New Tower PLANO, Texas — Texas Health Presbyterian Hospital Plano is growing to meet the healthcare needs of Collin County and surrounding areas with the opening of a six-story garage and a new eight-story tower – an estimated $343 million infrastructure investment aimed at connecting more patients with the […]
News Release: Marcus & Millichap Capital Corporation Arranges $20.8 Million Construction Loan and PACE Financing for a Hospital in Venice, Florida
VENICE, FLORIDA – November 5, 2024 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has arranged $20.8 million in financing for the construction of a 40-private room, inpatient rehabilitation hospital in Venice, Florida (Sarasota MSA). The MMCC Capital markets team was led by Dallas-based senior […]
Cover Story: A Bronx tale – with an HRE twist
Simone Development has a healthcare real estate portfolio topping 3 million s.f. and growing By John B. Mugford In the Greater Tri-State area centered on New York City, Bronx, N.Y.-based Simone Development Companies has become quite well known for building and owning a wide array of property types. The company is also well-known for – […]
Transactions: AW Property Co. buys three MOBs
Firm paid $54.56 million for the 162,000 s.f. portfolio with a cap rate of 6.6% By John B. Mugford North Palm Beach, Fla.-based AW Property Co. has acquired a three-MOB portfolio with 162,000 square feet of space in Jupiter, where two buildings are located, and Baco Raton for $54.56 million, or about $337 per square […]
News Release: Easterly Government Properties Reports Third Quarter 2024 Results
WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended September 30, 2024. Highlights for the Quarter Ended […]