Feature Story: Playing the long game
Investment sales aren’t likely to take off again anytime soon, but healthcare real estate fundamentals remain strong By John B. Mugford By now, nearly everyone involved in healthcare real estate (HRE) knows that both the sales of facilities, namely medical outpatient buildings (MOBs), and new construction have slowed significantly during the past year or more. […]
Full Story »
Transactions: Remedy-Kayne JV lands the biggest deal of 2024 so far
Partners pay $251.7 million for fully leased, 37-facility portfolio sold by Broadstone By John B. Mugford As HREI has reported in recent weeks, the longstanding joint venture (JV) partnership of Remedy Medical Properties and Kayne Anderson Real Estate has acquired several medical outpatient building (MOB) assets from Broadstone Net Lease Inc. (NYSE: BNL). As we […]
Full Story »
Feature Story: Q1 MOB sales fell to a 10-year low
Construction starts are down, too, driving occupancies higher, Revista says By John B. Mugford Just how severe is the current slowdown in medical outpatient building (MOB) sales? Consider this: Four of the past five quarters, including the first quarter (Q1) of this year, were the lowest quarters for MOB sales volumes during the past eight […]
Full Story »
Project Case Study: Flagship got creative for this MOB
Donating land for housing smoothed the way for the Charlotte, N.C., project By John B. Mugford It’s only natural that in the healthcare real estate (HRE) development industry – and for that matter, probably any real estate development industry – that the biggest, shiniest and perhaps most expensive “trophy” projects garner the most attention. Yet […]
Full Story »
Feature Story: Time for a new type of partnership?
HRE firms, health systems should share risks and rewards, Revista panel says By John B. Mugford As he listed the numerous financial difficulties facing health systems these days – noting that the costs of running a system have increased 20 percent since 2021 while reimbursements have not nearly maintained that pace – Troy Freeman had […]
Full Story »
Transactions: Evergreen buys seven Raleigh, N.C., medical assets
Highwoods Properties sold the portfolio for $62.5 million; JLL was the broker By Murray W. Wolf RALEIGH, N.C. – Highwoods Properties Inc. (NYSE: HIW) announced last Thursday, April 4, that it has sold eight Raleigh-area properties – including seven medical buildings – for a total of $79.4 million. The medical outpatient buildings (MOBs), plus one […]
Full Story »
Companies & People: AHR is excited about its prospects
After its IPO, REIT pays down debt, will be selective about acquisitions By John B. Mugford As a result of its recent initial public offering (IPO), Irvine-based American Healthcare REIT (NYSE: AHR), which has been involved in the healthcare real estate (HRE) sector since 2009, was able to significantly reduce its floating rate debt. According […]
Full Story »
Feature Story: Rising rates, costs catch up with the MOB development market
Revista report shows project starts fell 38.8%; also lists the largest developers of 2023 By John B. Mugford Although 2022 was generally considered to be a tough year for healthcare real estate (HRE) developers – the result of rising construction costs and inflation – the amount of medical outpatient building (MOB) space started or completed […]
Full Story »
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 […]
Full Story »
News Release: 2023 HREI Insights Awards Winners announced
FOR IMMEDIATE RELEASE Healthcare Real Estate Insights™ presents awards to the 2023 winners of the only comprehensive national program recognizing excellence in healthcare real estate PASADENA, Calif., Feb. 28, 2024 – Healthcare Real Estate Insights™ magazine has announced the Winners of the 2023 HREI Insights Awards™, the only national awards dedicated to recognizing excellence in […]
Full Story »
News Release: Steward Health Care Finalizing Financing Deal With Medical Properties Trust to Support Its Restructuring
Business Wire May 06, 2024 03:39 AM Eastern Daylight Time Funds Will Allow All Communities to Continue to Be Served and Day-to-day Operations to Continue in the Ordinary Course DALLAS, May 06, 2024–(BUSINESS WIRE)–Today, Steward Health Care (“the Company”), a national fully integrated value-based healthcare system and the largest physician-led hospital operator in the United […]
News Release: Just Closed: Class A, Outpatient Medical Building on the Campus of St. Anthony North Hospital
Transaction Highlights Date Closed 4/30/24 Size 75,605 SF Occupancy 93% Orchard Park Medical Center | 14190 Orchard Pkwy.Westminster, CO CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of Orchard Park Medical Center (the “Property”), located on-campus of CommonSpirit’s St. Anthony North Hospital, located in Westminster, CO. CBRE’s Healthcare Capital Markets team partnered with […]
News Release: Cushman & Wakefield Arranges $3.45M Sale of 9642 Lake Nona Village Place
ORLANDO, Florida, May 03, 2024 – Cushman & Wakefield announced the commercial real estate services firm has arranged the $3,450,000 sale of 9642 Lake Nona Village Place, a 6,582-square-foot Class A medical office building in Orlando, Florida. Anne Spencer and Angela Flint of Cushman & Wakefield’s Florida Healthcare Advisory Practice represented the seller, a private […]
News Release: ESI Arranges the Sale of an AL/MC Community in Knoxville
Knoxville, TN– Evans Senior Investments (ESI) successfully arranged the sale of Trinity Hills of Knoxville. Acting on behalf of a regional owner-operator, ESI orchestrated the transaction, resulting in a HUD assumption by the buyer. The purchase price was $6,150,000, or $76,875 per bed. Trinity Hills, established in 2006 and situated a few miles outside of […]
News Release: PMB and UChicago Medicine open 132,000-square-foot multispecialty care center in Crown Point, Indiana
FOR IMMEDIATE RELEASE Advanced Care for the Community – This new 132,000 square-foot multispecialty care center and micro-hospital in Northwest Indiana is the largest off-site facility for the academic health system. Crown Point, Ind., May 2, 2024 – PMB is proud to announce the opening of the University of Chicago Medicine’s new 132,000-square-foot multispecialty care center […]
News Release: Financing secured for a 165-unit senior housing asset in Phoenix’s affluent northwest submarket
JLL Capital Markets represented Fortress and COGIR Senior Living in this transaction SEATTLE, May 1, 2024 – JLL Capital Markets announced today that it arranged financing for Inspira Arrowhead, a newly constructed senior housing asset in Glendale, Arizona. JLL worked on behalf of the borrowers, funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), and […]
News Release: Remedy Medical Properties and Kayne Anderson Real Estate Acquire 37-Property Healthcare Real Estate Portfolio from Broadstone Net Lease
DENVER and CHICAGO (May 2, 2024) – Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, today announced the acquisition of a portfolio of 37 healthcare properties from Broadstone Net Lease, an industrial-focused net lease REIT, for $252 million. The acquisition closed on […]
News Release: Just Closed: Class A, Outpatient Medical Building Leased to Baylor Scott & White
Transaction Highlights Date Closed 4/30/24 Size 10,319 SF Occupancy 100% Baylor Scott & White Clinic – Round Rock 1800 S A W Grimes Blvd, Round Rock, TX CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of the Baylor Scott & White Healthcare Clinic (the “Property”), located in Round Rock, Texas. CBRE’s Healthcare Capital […]
Current Edition
- News Release: NAI James E. Hanson Negotiates Sale of Partnership Interest of Englewood, N.J. Medical Office Building
- News Release: Life Science Leader Cell Signaling Technology and HGA Unveil Plans to Transform Abandoned Rock Quarry into Climate-Friendly Research and Innovation Campus in Manchester-by-the-Sea, MA
- Life Sciences: Healthpeak-DOC merger creates $21 billion REIT