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Companies & People: Colliers completes HSRE investment
CRE firm closes on acquisition of 75 percent niche investor Harrison Street By Murray W. Wolf Just in case you missed the news because it happened the day after the Fourth of July, global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) completed its previously announced strategic investment in Harrison […]
Thought Leaders: Revista Releases Mid Year Transactions Report
By Hilda Martin The Mid Year Revista transactions report has been released and is available to subscribers. Some highlights: $19.1B in hospitals and MOBs traded in the last 12 months – down somewhat from this time last year Average MOB cap rates increased to 6.4 from 6.1, although many trades are still in the 5′s […]
News Release: Nationwide portfolio of medical office buildings finds buyer
JLL arranges sale of 10 MOBs in six states to Everest Healthcare Properties BOSTON, August 23, 2018 – JLL’s Capital Markets, Healthcare experts have arranged the sale of a 10-building medical office portfolio on behalf of Jupiter, Florida-based developer Rendina Healthcare Real Estate. The buyer was Everest Healthcare Properties LLC, a healthcare real estate investment manager based […]
News Release: Raymond James serves as Strategic Advisor to Glens Falls Hospital
Raymond James serves as Strategic Advisor to Glens Falls Hospital on the successful sale of its Dialysis Operations to Dialysis Clinic, Inc. The sale of Glens Falls’ Dialysis Operations to Dialysis Clinic, Inc. has enhanced the community’s healthcare offerings with the expertise of a national not-for-profit dialysis provider, while maintaining the hospital’s culture and commitment […]
News Release: Davis completes new 18,667 square foot user-friendly clinic in Vadnais Heights, Minn.
In its latest project for HealthEast Care System, the firm developed the medical office building with features and amenities suggested by patients to improve their experience VADNAIS HEIGHTS and MINNEAPOLIS, Minn., Aug. 22, 2018 – When officials at HealthEast Care System decided to replace their outdated, at-capacity clinic in Vadnais Heights, they surveyed their patients, asking […]
News Release: Bristol Hospital and Rendina Hold Beam Signing Event for Ambulatory Care Center
BRISTOL, Conn., and JUPITER, Fla., Aug. 22, 2018 – The downtown construction site of Bristol Hospital’s new 62,000-square-foot Ambulatory Care Center (ACC) attracted staff from Bristol Hospital, Mayor Ellen Zoppo-Sassu, and executives from Rendina Healthcare Real Estate as they commemorated construction progress with a beam signing ceremony. Flanked by towering steel girders forming the frame […]
Transactions: 10-MOB Rendina MOB portfolio sold to Everest
Private equity investment firm acquires medical office buildings in five states JUPITER, Fla. — As large and often institutional investors look to acquire medical office buildings (MOBs), they are typically attracted to portfolios – which help them add immediate scale – of high-quality, Class A facilities affiliated with strong healthcare systems. In many cases, portfolios […]
News Release: Just closed: Rendina National Medical Office Portfolio
The JLL Healthcare Capital Markets Group is pleased to announce the sale of the Rendina National Medical Office Portfolio, a multi-state portfolio containing 489,301 square feet in 10 health system aligned outpatient buildings. The properties are a combination of on-campus and community-based health centers that are well distributed in desirable regions of the United States with […]
News Release: Ventas to Acquire Distinctive Seniors Housing Community in Manhattan
News Release — Ventas, Inc. (NYSE: VTR) announced today that it has signed a definitive agreement to acquire a premier seniors housing community (“Battery Park” or the “Community”) located in the appealing Battery Park City neighborhood of downtown Manhattan for approximately $194 millionfrom Brookdale Senior Living (“Brookdale”). “The Battery Park acquisition firmly establishes Ventas as the market […]
News Release: Hospital Construction to Mark Milestone
ST. LOUIS (Aug. 16, 2018) — Members of the SLU and SSM Health communities will join together today to celebrate a milestone in the construction of SSM Health Saint Louis University Hospital. The final 31-foot-long steel beam will be raised to finish the skeleton of the hospital tower in a topping off ceremony at 11 […]
News Release: Skanska USA Celebrates Topping Out Milestone for New Center for Women and Children’s Health at Christiana Care Health System
Newark, Delaware – Skanska USA celebrated the topping out of the new Center for Women and Children’s Health building at Christiana Care Health System in Newark, Delaware with a ceremony on August 15. The event included remarks by: Janice E. Nevin, M.D., MPH, Christiana Care president and CEO Sharon Kurfuerst, Ed.D., OTR/L, FACHE, FAOTA, FABC, […]
News Release: New Gallatin Street bed tower approved
Huntsville Hospital’s plan for a new multi-story bed tower to meet growing patient demand has been approved by the Alabama Certificate of Need Review Board. The $150 million West Bed Tower project should begin rising along Gallatin Street in early 2019. Construction is expected to take about two years. The new tower will have 72 […]
News Release: MedProperties expands healthcare real estate presence in strong Austin, Texas, market
With recent acquisitions in Lakeway, Round Rock and Dripping Springs, the firm’s local portfolio now includes four medical office buildings totaling more than 120,000 square feet AUSTIN and DALLAS, Texas, Aug. 15, 2018 – MedProperties Realty Advisors LLC has strengthened its commitment to the strong, growing Austin market and expanded its presence in the area […]
News Release: Griffin-American Healthcare REIT IV Reports Second Quarter 2018 Results
IRVINE, Calif. (Aug. 14, 2018) – Griffin-American Healthcare REIT IV, Inc. today announced operating results for the company’s second quarter ended June 30, 2018. “Griffin-American Healthcare REIT IV built on its exceptional first quarter results with an excellent second quarter of 2018, during which we recorded strong performance throughout our portfolio, which continues to grow […]
News Release: Inland Private Capital Sells Four Medical Office Properties
Inland Private Capital Corporation Completes Sale of Medical Office Properties in Illinois and Massachusetts Oak Brook, Ill. (August 14, 2018) – Inland Private Capital Corporation (“IPC”) today announced the sale of four freestanding medical office properties located in Illinois and Massachusetts for a gross sale price of $45.7 million. IPC, through its subsidiary which serves […]