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News Release: Healthcare Realty Trust Announces Strategic Joint Venture With KKR
May 06, 2024 06:45 ET Source: Healthcare Realty Trust Incorporated Contributes seed portfolio valued at $383 million to the JV, resulting in proceeds of approximately $300 million Additional KKR capital commitment of up to $600 million to increase the potential value of the JV to more than $1 billion NASHVILLE, Tenn., May 06, 2024 (GLOBE […]
News Release: Steward Health Care Finalizing Financing Deal With Medical Properties Trust to Support Its Restructuring
Business Wire May 06, 2024 03:39 AM Eastern Daylight Time Funds Will Allow All Communities to Continue to Be Served and Day-to-day Operations to Continue in the Ordinary Course DALLAS, May 06, 2024–(BUSINESS WIRE)–Today, Steward Health Care (“the Company”), a national fully integrated value-based healthcare system and the largest physician-led hospital operator in the United […]
Feature Story: Playing the long game
Investment sales aren’t likely to take off again anytime soon, but healthcare real estate fundamentals remain strong By John B. Mugford By now, nearly everyone involved in healthcare real estate (HRE) knows that both the sales of facilities, namely medical outpatient buildings (MOBs), and new construction have slowed significantly during the past year or more. […]
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: Broadstone Net Lease Announces First Quarter 2024 Results
May 01, 2024 04:10 PM Eastern Daylight Time VICTOR, N.Y.–(BUSINESS WIRE)–Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced its operating results for the quarter ended March 31, 2024. MANAGEMENT COMMENTARY “Adding to the positive momentum discussed in our April 3 press release, we’ve now closed on $202 million […]
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: Marcus & Millichap Arranges the Sale of an Indiana Medical Office Building in Receivership
May 01, 2024 VALPARAISO, INDIANA, May 1, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the receivership sale of 1425 Glendale Ave., a 43,450-square foot medical office property located in Valparaiso, Indiana, according to Josh Caruana, regional manager […]
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 […]
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 […]
News Release: MYCON Breaks Ground on 48-Room Inpatient Rehabilitation Hospital in Tucson, Arizona
April 30, 2024 Queen Creek, Ariz., April 30, 2024 – Dallas-based MYCON General Contractors, Inc. (MYCON) broke ground on Tucson Rehabilitation Hospital, a new inpatient rehabilitation hospital located at The Bridges mixed-used development in Central Tucson, Arizona. This marks MYCON’s first ground-up construction project in the Arizona market and the company’s first project with Cross […]
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 […]
News Release: Welltower Reports First Quarter 2024 Results
NEWS PROVIDED BY Welltower Inc. Apr 29, 2024, 16:22 ET TOLEDO, Ohio, April 29, 2024 /PRNewswire/ — Welltower Inc. (NYSE:WELL) today announced results for the quarter ended March 31, 2024. Recent Highlights Reported net income attributable to common stockholders of $0.22 per diluted share Reported quarterly normalized funds from operations (“FFO”) attributable to common stockholders of $1.01 per diluted share, an increase of […]
