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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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: 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 […]
News Release: Rural Missouri Hospital Under Construction Thanks To American Lending Center Financing
May 01, 2024 02:03 PM Eastern Daylight Time IRVINE, Calif.–(BUSINESS WIRE)–A hospital in rural Missouri broke ground on April 4, 2024, thanks in part to American Lending Center and its emphasis on rural healthcare. Harrison County Community Hospital District in Bethany, Mo., launched the $75 million, two-year construction project this week. It will replace a […]
News Release: XRL/ALC Closes $9.6 MM Bridge Transaction for Florida Rural Hospital (CORRECTED)
April 22, 2024 01:38 PM Eastern Daylight Time CORRECTION…by American Lending Center May 01, 2024 01:44 PM Eastern Daylight Time IRVINGTON, N.Y.–(BUSINESS WIRE)– XRL ALC, LLC (XRA), an affiliate of X-Caliber Rural Capital that provides funding solutions for projects located in micro-rural areas, together with American Lending Center, jointly funded a $9.6MM bridge loan for Calhoun-Liberty […]
News Release: Remedy Medical Properties and Kayne Anderson Real Estate Break Ground on Two New Medical Office Buildings for UCHealth in Colorado
The facilities will increase access to quality healthcare in two of Denver’s fastest growing communities DENVER and CHICAGO (April 30, 2024) – Chicago-based healthcare real estate developer Remedy Medical Properties and its partner Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, today announced that ground has been broken on […]
News Release: The RMR Group Announces Completion of Unison Elliott Bay Redevelopment
Revitalized Mixed-Use Campus Delivers 300,000 Square Feet of Life Science Lab, R&D and Class A Office in Seattle, WA Campus Design Focuses on Wellness Amenities and Connection to Surrounding Nature April 30, 2024 08:00 AM Eastern Daylight Time SEATTLE–(BUSINESS WIRE)–The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three […]
News Release: Welltower Issues Business Update (April 2024)
4/29/2024 4:26:00 PM EDT TOLEDO, Ohio, April 29, 2024 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/wp-content/uploads/2024/02/Business-Update.pdf About Welltower Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing […]
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