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News Release: STORE Capital to be Acquired by GIC and Oak Street in $14 Billion Transaction
STORE Capital Stockholders to Receive $32.25 Per Share in Cash September 15, 2022 08:00 AM Eastern Daylight Time SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO–(BUSINESS WIRE)–STORE Capital Corporation (NYSE: STOR, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, and GIC, a global […]
News Release: Heitman Acquires Dallas-Fort Worth Baylor Micro-Hospital Medical Office Portfolio
Chicago, Sept. 14, 2022 – Heitman LLC (Heitman), a global real estate investment management firm, today announced the acquisition of a six building portfolio of Baylor-anchored micro-hospital locations totaling approximately 190,000 square feet. Heitman acquired the Baylor Scott & White Health System (Baylor) Medical Office Building portfolio on behalf of its global strategy in a […]
News Release: Doheny Eye Institute Opens its Headquarters in Pasadena (Calif.)
NEWS PROVIDED BY Abbott Construction Sep 14, 2022, 10:37 ET Life Science Proves a Powerful Answer to Vacant Office Space PASADENA, Calif., Sept. 14, 2022 /PRNewswire/ — The new headquarters for Doheny Eye Institute, affiliated with UCLA Stein Eye Institute, are now open. Located at the former Avery Dennison campus on North Orange Grove Boulevard, […]
Life Sciences: CBRE Q2 2022 National Healthcare & Life Sciences Real Estate Investor Update
Q2 2022 National Healthcare & Life Sciences Real Estate Investor Update Key Takeaways from the Q2 2022 Issue: Medical Office • Medical office transactions slowed in Q2 2022 compared to the previous quarter. Quarter-over-quarter transaction volume dropped to $2.9 billion from $3.4 billion, a 14% decrease. • Despite a decrease in transaction volumes during the […]
News Release: Physicians Realty Trust Announces Acquisition of Calko Medical Center, in Brooklyn, New York, for $81.5 Million
September 13, 2022 05:48 PM Eastern Daylight Time MILWAUKEE–(BUSINESS WIRE)–Physicians Realty Trust (NYSE:DOC) (the “Company”), through a joint venture with Dallas, Texas based MedProperties Realty Advisors, LLC (“MedProperties”) is proud to announce the closing of the acquisition of Calko Medical Center. This Class-A, free-standing facility, built in 2013, contains 85,567 rentable square feet, anchored by […]
Life Sciences: Drexel Opens Health Sciences Building, Solidifying Its Place As a Leader in Health Care Education and Scientific Training
SEPTEMBER 13, 2022 PHILADELPHIA — In a historic move, Drexel University will open a new 460,000-square-foot, state-of-the-art academic home that will bring together the University’s College of Nursing and Health Professions, College of Medicine, and Graduate School of Biomedical Sciences and Professional Studies in University City, enhancing collaboration, research and practice opportunities. The Health Sciences […]
News Release: Citizens provides $113.6 million loan to Longfellow Real Estate Partners
09/13/2022 Funds to finance acquisition of Emeryville, Calif., properties and conversion into life science labs PROVIDENCE, RI – Citizens announced today that its Commercial Real Estate Finance team provided a $113.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, Calif. Citizens […]
News Release: Crown Tenant Advisors Hires New Director
FOR IMMEDIATE RELEASE Jim Minuto increases representation in North Carolina for healthcare real estate firm Atlanta, GA September 13, 2022 – Crown Tenant Advisors, a boutique healthcare real estate firm, announced today Jim Minuto has joined the company as a new Director of its regional office in North Carolina. Minuto is a licensed commercial real […]
Feature Story: Working through ‘price discovery’ in the MOB market
InterFace panel discusses current headwinds and the positive, long-term prospects of the sector By John B. Mugford Perhaps the best way to describe the current state of the healthcare real estate (HRE) sector is to say it’s a bad news, good news situation. That was indeed the analogy that Murray W. Wolf, publisher of Healthcare Real […]
News Release: CIT Provides $50.8 Million to Seavest Healthcare Properties
NEW YORK, Sept. 13, 2022 /PRNewswire/ — CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business provided $50.8 million to Seavest Healthcare Properties, LLC for the refinancing of Providence Family Wellness Center and Medical Office Building. Providence Family Wellness Center is a newly delivered 118,000 square foot medical office building […]
News Release: OGA Partners with Heritage Medical Associates, Opens New Mt. Juliet (Tenn.) Medical Office Building
NEWS PROVIDED BY Oman-Gibson Associates Sep 13, 2022, 09:00 ET New facility provides patients access to primary care and six specialties NASHVILLE, Tenn., Sept. 13, 2022 /PRNewswire/ — Oman-Gibson Associates (OGA), a full-service health care real estate firm based in Nashville, recently completed construction on a medical office building in partnership with Heritage Medical Associates. The […]
News Release: CareTrust REIT Invests in Secured Loan Financing on Southeast SNFs
September 13, 2022 06:02 AM Eastern Daylight Time SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded a $24.9 million B-piece secured financing on a 4-asset skilled nursing portfolio located in the Southeast. The portfolio includes approximately 700 skilled nursing beds. The B-piece loan is secured by the borrowers’ ownership interest […]
News Release: Alexandria Real Estate Equities, Inc. Recognizes Important Milestones in Its Pioneering of New York City’s Commercial Life Science Cluster
Alexandria Real Estate Equities, Inc. Recognizes Important Milestones in Its Pioneering of New York City’s Commercial Life Science Cluster, the Only Early-Stage Life Science Ecosystem Among the Major Life Science Clusters in the United States NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Sep 12, 2022, 16:05 ET Innovating at the vanguard and heart of New […]
News Release: Prime Healthcare Services, Inc. Successfully Completes $50 Million Tender Offer
September 12, 2022 03:59 PM Eastern Daylight Time ONTARIO, Calif.–(BUSINESS WIRE)–On September 2, 2022, Prime Healthcare Services, Inc. completed the repurchase of $50,980,000 aggregate principal amount of Prime’s outstanding 7.250% Senior Secured Notes due November 2025 (the “Notes”). On the Settlement Date, the Company paid all holders of Notes who validly tendered and did not […]
News Release: Ventas Chairman and CEO Debra A. Cafaro to Accept 2022 Visionary Award for Strategic Leadership from Women Corporate Directors
September 12, 2022 11:00 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or “The Company”) today confirmed that Chairman and CEO Debra A. Cafaro will accept the Women Corporate Directors (WCD) 2022 Visionary Award for Strategic Leadership this evening at the organization’s 11th Annual Visionary Awards Celebration and Gala. WCD is the only […]