admin
Post-Acute & Senior Living: Alaska fund makes foray into HRE
State fund, with CS Capital, pays $114.5M for two Boston-area rehab facilities By John B. Mugford In a transaction that represents an emerging and important sector of healthcare real estate (HRE), the Alaska Permanent Fund Corp., represented by CS Capital Management Inc., recently acquired two Boston-area rehabilitation hospitals for $114.5 million, which works out to […]
Inpatient Projects: Maryland replacement gains CON
State approves Washington Adventist’s plans for a new hospital outside of D.C. By John B. Mugford Washington Adventist Hospital officials are describing the process of gaining a Certificate of Need (CON) from the state of Maryland to build a new replacement hospital in Greater Washington as “long and laborious.”
Editor’s Letter: Tenants settling in?
From what we hear, longer leases are on the rise Dear Reader: Even though healthcare real estate (HRE) became one of the hottest, most in-demand property types in recent years, one lingering problem, or sticking point, made owning medical office buildings (MOBs) perhaps a bit more worrisome than many investors would have liked.
Post-Acute & Senior Living: Cincinnati company plans $52 million expansion at its senior living community
MONTGOMERY, Ohio – Cincinnati-area senior living provider Life Enriching Communities (LEC) announced a $52 million expansion at its Twin Lakes Senior Living Community in Montgomery, just outside of Cincinnati, that will add more independent living residents, as well as “much needed” memory care services.
REIT Report: CNL buys Vegas-area MOB complex
$54.8 million acquisition in Henderson, Nev., is REIT’s largest in some time By John B. Mugford Orlando, Fla.-based CNL Healthcare Properties recently found a medical property it liked near Las Vegas, and it went ahead and paid $54.8 million for the three-building, 139,222 square foot Siena Heights Medical Pavilion in Henderson, Nev.
Industry Pulse: Regional Health Systems Form JV for MOB Project
In an interesting twist on collaboration, two Michigan providers plan to team up for MOB A new joint venture (JV) medical office building (MOB) is being planned by two Michigan systems. Grand Rapids-based Spectrum Health and Holland-based Holland Hospital formed a JV called Health Pointe in June 2015.
Industry Pulse: On the Record – Michael Bennett
What do you think is ahead for healthcare real estate in 2016? “Unlike some involved in the sector, I think we will see an increase in the number of monetizations, or sales of medical office buildings by hospitals and health systems, in the coming year. If I were to put a number on it, I’d […]
Industry Pulse: HREI Board Members Optimistic About ‘16
About 70% predict growth of at least 10 percent in 2016 As they have for the past several years, Healthcare Real Estate Insights™ Editorial Advisory Board (EAB) members recently declared their optimism for 2016 in the healthcare real estate (HRE) sector. But some board members did note that they do not believe that the manic […]
Companies & People: 5 Questions for: Peter J. Applefield
The former AW Property Co. exec forms a new firm focused on the Southeast It was the mid-2000s when a South Florida-based commercial real estate firm starting making some inroads into the healthcare real estate (HRE) sector, completing a few smaller, one-off medical office building (MOB) purchases in its home state.
Companies & People: Well-known HRE executive Daniel M. Klein lands new position with HTA Inc.
SCOTTSDALE, Ariz. – One of the healthcare real estate (HRE) sector’s best-known executives recently changed companies.
News Release: $21.5 Million Buys Sonoma County Medical Office Building
In 2014, the nearly vacant property changed hands for approximately $7.5 million. ROHNERT PARK, Calif., Dec. 22, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of 5900 State Farm Drive, a 68,683-square-foot medical office building in […]
News Release: Hammond Hanlon Camp LLC Advises Hospitals and Health Systems on Over $2 Billion of Financing Transactions in 2015
CHICAGO — December 17, 2015 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor on $2.3 billion of financing transactions in 2015. H2C’s capital markets expertise, combined with our client’s desire for independent, objective advice was a winning formula in 2015. H2C tailors solutions […]
News Release: JOI/Baptist Jacksonville hip resurfacing procedure helps young, active men return to activities
Jacksonville, Fla., Dec. 17, 2015 – A hip resurfacing procedure at Jacksonville Orthopaedic Institute and Baptist Medical Center Jacksonville is providing an alternative treatment for young, active men with arthritic problems. Danny Witt was 28 when he first found out he had arthritis in his hip. The Ponte Vedra Beach tennis coach learned to live with the […]
News Release: Flagship Healthcare Real Estate Fund Completes First Investment in Florida
Fund acquires the Lange Eye Institute property in The Villages, FL. THE VILLAGES, December 16th, 2015 – Flagship Healthcare Real Estate Fund is pleased to announce its acquisition of the Lange Eye Institute in The Villages, Florida. The 2-story, 21,384 square-foot medical and professional office building is fully leased and marks the 13th investment for […]