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News Release: Physicians Realty Trust Announces Acquisition of Calko Medical Center, in Brooklyn, New York, for $81.5 Million

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

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

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

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 […]

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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

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 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

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

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

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

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 […]

News Release: Two Washington, D.C. area medical offices trade

News Release: Two Washington, D.C. area medical offices trade

JLL Capital Markets completed the sale of Shady Grove Professional Centers I and II in Rockville, MD BOSTON, September 13, 2022 – JLL Capital Markets announced today that it has closed the sale of Shady Grove Professional Centers I and II, two multi-tenant medical office buildings that total 103,249 square feet in Rockville, Maryland adjacent […]

News Release: Montecito Medical Acquires Another Medical Office Property in Chicago Area

News Release: Montecito Medical Acquires Another Medical Office Property in Chicago Area

September 08th 2022 Real Estate Montecito Medical has completed the acquisition of a large medical property in the Chicago suburb of Rosemont, Illinois. The building, which offers more than 97,500 square feet of space, is fully leased to ACL Laboratories, which is part of Advocate Aurora Health. “We are pleased to have acquired this outstanding […]

News Release: Kilroy Realty Increases Common Dividend 3.8%

September 08, 2022 04:04 PM Eastern Daylight Time LOS ANGELES–(BUSINESS WIRE)–Kilroy Realty Corporation (NYSE: KRC, “Kilroy”) announced today that its board of directors declared a regular quarterly cash dividend of $0.54 per common share payable on October 12, 2022 to stockholders of record on September 30, 2022. The dividend is equivalent to an annual rate […]

Life Sciences: $278M financing secured for Massachusetts life science development

Life Sciences: $278M financing secured for Massachusetts life science development

JLL Capital Markets arranged the construction loan for the 334,000-square-foot Boynton Gateway project in Somerville, Massachusetts BOSTON, Sept. 8, 2022 – JLL Capital Markets announced today that it has arranged the $278 million construction financing for Boynton Gateway, a to-be-developed, nine-story, 334,000-square-foot life science facility in Somerville, Massachusetts. JLL represented the borrower, a joint venture […]