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 […]
News Release: Avison Young taps industry veteran Scott Carter to lead Texas healthcare real estate platform
Carter joins as Principal in the firm’s Houston office, bringing more than 20 years of healthcare and life sciences sector experience Houston, TX — Global commercial real estate advisor, Avison Young, today announced that Scott Carter has joined the firm as Principal, where he will serve as the Healthcare and Life Sciences lead for Texas. […]
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 […]