News Release: Older Adults Seek Senior Housing at Record Rate
Boston, Baltimore and Cincinnati record highest occupancy rates; Houston, Miami and Atlanta have lowest rates—with all markets exceeding 80% occupancy Annapolis, Md.—Senior housing occupancy rates in the United States increased 0.3 percentage points, from 87.1% occupied in the fourth quarter of 2024 to 87.4% in the first quarter of 2025, according to the National Investment […]
News Release: UCLA Health signs 22,224 SF lease renewal in Santa Monica, California
JLL represents landlord in transaction at medical office building LOS ANGELES, April 4, 2025 – Confirming demand for well-located medical office properties in the Los Angeles area, JLL announced today that it has signed UCLA Health to a 22,224-square-foot lease renewal at a three-story 54,930 -square-foot medical office building located at 2825 Santa Monica Boulevard […]
News Release: First Citizens Bank Provides $53.5 Million in Refinancing to Birmingham, AL Medical Office Facility with Rethink Healthcare Real Estate
NEW YORK, N.Y. — April 1, 2025 — First Citizens Bank today announced that its Healthcare Finance business provided $53.5 million in financing to an affiliate of Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza II in Birmingham, AL. Newly constructed in 2022, Grandview Plaza II covers over 140,000 square feet and is located […]
News Release: JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility
CHICAGO, April 3, 2025 — JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the Chicago suburb of Naperville, IL for a purchase price of approximately $16.3 million. Naperville Medical Center totals 39,500 […]
News Release: JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility
CHICAGO, April 3, 2025 /PRNewswire/ — JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the Chicago suburb of Naperville, […]
News Release: RX Health & Science Trust Sells Class A Medical Property in Naperville, Illinois to Global Investment Firm
RX Health & Science Trust Retained for Property Management Services Chicago, March 31, 2025 – A global investment firm has acquired a 39,448 square foot medical office property located at 1508 Aurora Avenue in Naperville, Illinois and has retained RX Health & Science Trust (RXHST) to continue providing property management services. The property is100% leased […]
News Release: Berkadia Announces Sale of Five-Property Seniors Housing Portfolio
Detroit, Michigan – April 3, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of a portfolio of five independent living communities located throughout the Detroit metropolitan area. Berkadia Seniors Housing & Healthcare, led by Senior Director Brooks Minford, closed the 631-unit transaction on behalf of a local […]
News Release: McCarthy Building Companies, Inc. and HOK Break Ground on $145M Kedren Children’s Village
McCarthy Building Companies, Inc. (McCarthy) one of the largest and most diversified construction companies in America for over 160 years and HOK, a global architecture firm and leader in healthcare design, today announced the groundbreaking of Kedren Children’s Village for Kedren Community Health Center Inc. in the Watts neighborhood of Los Angeles. When complete, the […]
News Release: Continuum Advisors Closes Five-Property Senior Housing Portfolio Sale in Florida
Tampa-based team exceeds $1.4 billion in national distressed transactions, latest closing highlights firm’s specialty in executing complex deals that maximize value TAMPA, March 31, 2025 – Continuum Advisors (“Continuum”), a national senior housing investment sales and advisory firm based in Tampa, today announced the sale of a five-property senior living portfolio in Florida, with rental […]
News Release: HealthPartners opens new specialty center in Woodbury
WOODBURY, Minn. (April 2025) – HealthPartners Specialty Center Woodbury is now open. Kraus-Anderson (KA) provided construction management for the nearly 56,000-square-foot facility located off Interstate 94 and Radio Drive. KA’s history with HealthPartners dates back to 1974. The multilevel specialty center was designed with patients in mind and offers 13 medical specialties, including allergy and […]
Feature Story: An uptick in leasing might bode well
InterFace panelists see that as a positive sign for the MOB investment market By John B. Mugford Although many professionals involved in medical outpatient building (MOB) and healthcare real estate (HRE) facility sales have been saying that they foresee an increase in the sales volume in 2025, not all of the panelists taking part in […]
News Release: Novant Health breaks ground on Bluffton emergency department and medical office building
April 2, 2025 (Bluffton, S.C.) – Novant Health has officially broken ground on Novant Health Bluffton Emergency Department and Novant Health Bluffton Health Place, a new healthcare hub designed to expand access to high-quality medical care in the growing Bluffton community. Conveniently located off Buckwalter Parkway, the new facilities will provide residents with critical emergency […]
News Release: CareTrust REIT Announces $55 Million Acquisition of Two California Facilities in Separate Transactions
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two facilities in separate transactions with a total investment amount of approximately $55 million. On April 1, 2025, the company acquired a skilled nursing and assisted living campus facility located in Los Alamitos, California. The campus includes a 150-bed skilled nursing facility and […]
News Release: San Diego trophy life sciences campus trades for $159.0M
JLL Capital Markets led the sales efforts for the three-building, recently renovated MUSE property in Torrey Pines SAN DIEGO, Apr. 1, 2025 – JLL Capital Markets announced today that it has completed the $159.0 million sale of MUSE, a three-building trophy life sciences campus totaling 186,000 square feet in San Diego, California. JLL represented the seller, Diversified Healthcare […]
News Release: $58M financing secured for Washington seniors housing community
JLL Capital Markets led the financing efforts for Quail Park of Lynnwood in Lynnwood, Washington SEATTLE, Apr. 1, 2025 – JLL Capital Markets announced today that it has arranged $58 million in financing for Quail Park of Lynnwood, a 253-unit seniors housing community in Lynnwood, Washington. Working on behalf of the borrower, IRA Capital, JLL […]
