News Release: Coastal States Bank Finances the Acquisition of an Assisted Living and Memory Care Community in Dallas, Texas
BIRMINGHAM, Ala.–(BUSINESS WIRE)— Coastal States Bank (“CSB”) announced that it recently closed a bridge loan for a joint venture between Winterpast Capital Partners (“Winterpast”), Vitality Senior Living Management (“Vitality”), and Virtus Real Estate Capital (collectively, the “Sponsor”). Loan proceeds were utilized to acquire a 97-unit assisted living and memory care (AL/MC) community in the Preston […]
Feature Story: More development despite record costs
Provider demand is strong enough to justify building, HREI™ board members say By John B. Mugford Medical outpatient building (MOB) construction costs hit an all-time high of $558 per square foot (PSF) last year, yet development activity increased anyway because provider demand has been strong enough to justify the added expense. That was the consensus […]
News Release: Novant Health advances plans for new Hilton Head Island medical hub following town land sale
HILTON HEAD ISLAND, S.C. – The Town of Hilton Head Island completed the sale of the former Modern Classic Motors site at 355 William Hilton Parkway to Novant Health for $4.34 million on Friday, May 8, 2026. Novant Health plans to construct a new medical facility on the 4.57-acre site, bringing expanded access to healthcare […]