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News Release: Medical Properties Trust, Inc. Reports First Quarter Results (2022)
Per Share Net Income of $1.05 and Normalized FFO of $0.47 in First Quarter 12% Growth in Per Share NFFO Versus Prior-Year Quarter Acquisitions, Dispositions and Macquarie Partnership Consistent with Accretive Capital Recycling Strategy April 28, 2022 08:00 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today […]
News Release: Montecito Medical Acquires Medical Office Property in Hazelton, PA
Facility tenanted by market-dominant Lehigh Valley Health System FOR IMMEDIATE RELEASE April 28, 2022 Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of Lehigh Valley Health – Health and Wellness Center in Hazelton, Pennsylvania. The 73,255 square-foot, multi-tenant building is 100% leased to Lehigh Valley Health System. […]
News Release: NexCore and Beaumont Health Open Outpatient Campus in Growing Area West of Detroit
The four-story, 127,379-square-foot campus in Livonia, brings to the region a convenient, one-stop healthcare destination for a comprehensive array of medical services and specialties DETROIT, MICH. AND DENVER (PRWEB) APRIL 28, 2022 Denver-based NexCore Group, a national healthcare real estate (HRE) developer, and Southfield, Mich.-based Beaumont Health, the state’s largest health system, gathered Apr. 25 […]
News Release: PMB & The Springs Living Break Ground on a 360,000 SF | 12-Story Senior Living Facility on the Vancouver (Wash.) Waterfront
FOR IMMEDIATE RELEASE This project is part of a 32-acre master plan on the Columbia River that will provide a differentiated seniors living community alongside parks, restaurants, retail, apartments, hotels and waterfront open-space. VANCOUVER, WASH., Apr. 27, 2022 – A celebratory groundbreaking ceremony took place on Tuesday, April 19, 2022, to mark the commencement of […]
News Release: The Sanders Trust Breaks Ground on 150-Bed Behavioral Health Hospital
FOR IMMEDIATE RELEASE April 19, 2022 New 123,230-sq. ft. Facility Located in Massachusetts Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the groundbreaking of Baystate Behavioral Health Hospital in Holyoke, Massachusetts. The Sanders Trust was selected as the owner and developer […]
News Release: NexCore Group and CHI Health Break Ground for New Clinic in Omaha, Neb.
The 28,700-square-foot CHI Health Clinic Elkhorn, which will offer primary care, physical therapy, and behavioral health services, will be developer NexCore’s eighth healthcare project with CHI Health Top: The one-story, 28,700-square-foot CHI Health Clinic Elkhorn is scheduled to be completed in summer 2023. Bottom: Executives of CHI Health and NexCore Group gathered for a groundbreaking […]
Feature Story: MOB sales are off to a hot start: $3.8 billion in Q1 2022
It will likely be the biggest quarter ever by the time all the data is in, Revista says By John B. Mugford The year 2021 got off to what could certainly be described as a lackluster start in terms of medical office building (MOB) sales. In fact, the first quarter (Q1) of 2021 saw an […]
News Release: Newmark Facilitates Sale of High Volume Surgery Partners Outpatient Surgery Center in Wichita, Kansas
FOR IMMEDIATE RELEASE Wichita, KS (April 27, 2022) — Newmark announces it has completed the $15.3 million sale of Cypress Surgery Center, a 33,620-square-foot outpatient surgery center located within the Cypress Medical Park in Wichita, Kansas. Newmark Executive Managing Director Ben Appel, in cooperation with Vice Chairman Bert Sanders, represented both the seller, DeSanto Realty […]
News Release: Montecito Medical Acquires Medical Office Property in Hazelton, PA; Newmark Acts as Advisor to the Transaction
Facility tenant is market leader Lehigh Valley Health Network FOR IMMEDIATE RELEASE April 25, 2022 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of Lehigh Valley Health Network’s Health and Wellness Center in Hazelton, Pennsylvania. The 73,255-square-foot, multi-tenant building is 100% leased to Lehigh […]
News Release: Newmark Arranges $127 Million Sale of Downtown Seattle Block with Life Science Redevelopment Potential
April 27th, 2022 9:00am Newmark announces it has completed the $126.75 million sale of the Loyal Inn Block, a 1.6-acre redevelopment site located at 2300 Seventh Avenue North and 2301 Eighth Avenue in Seattle, Washington. The property traded in an off-market transaction which had multiple bidders from Clise Properties, Inc., a family-owned and -operated Seattle […]
News Release: SRS’ National Net Lease Group Completes $50.3 Million Leasehold Sale of a Single-Tenant Headquarters Property Occupied by Clinical Labs of Hawaii (Sonic Healthcare) in Honolulu, HI
The asset was sold via zero cash flow financing, offering the buyer tax advantages Newport Beach, CA (April 26, 2022) – SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed the $50.3 million leasehold ownership sale of a single-tenant office/lab property fully occupied by Clinical Labs of Hawaii (CLH), the […]
News Release: Experience Senior Living Development Announces New Community in Richmond, Virginia
Construction has commenced on 103 units, consisting of 79 assisted living and 24 memory care units, in Atlee, near Richmond. The community will be the first to be operated by Experience Senior Living. RICHMOND, VA. AND DENVER, COLO. (PRWEB) APRIL 26, 2022 Experience Senior Living Development (ESLD), a NexCore-owned company, announced today that it plans […]
News Release: Universal Health Realty Income Trust Reports 2022 First Quarter Financial Results
NEWS PROVIDED BY Universal Health Realty Income Trust Apr 25, 2022, 16:20 ET Consolidated Results of Operations – Three-Month Periods Ended March 31, 2022 and 2021: KING OF PRUSSIA, Pa., April 25, 2022 /PRNewswire/ — Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended March 31, 2022, net income was $5.4 million, or $.39 per diluted share, as […]
News Release: Ventas Confirms End of Proxy Contest Following Withdrawal of Nominations by Land & Buildings
April 25, 2022 02:08 PM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today confirmed that, with the 2022 Annual Meeting results imminent this week, Land & Buildings has withdrawn its nomination of proxy fight candidate Jonathan Litt, who Land & Buildings previously nominated to stand for election to the Ventas […]
News Release: Rising Construction Tide Lifts Office-To-Lab Conversions
Dallas, TX Life sciences hubs showing the largest percentage gains in conversion activity include Los Angeles, San Francisco, Boston 25 Apr 2022 A sharp increase in construction of life sciences labs in the U.S. has included big gains in a premium category: conversions of office buildings to labs. According to a new report from CBRE, […]