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News Release: Healthcare Realty Trust Provides Update on Capital Allocation Progress
June 03, 2024 16:05 ET Source: Healthcare Realty Trust Incorporated $227 million of proceeds from contributions to KKR JV Repurchased shares totaling over $175 million NASHVILLE, Tenn., June 03, 2024 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) announced in early May that it had entered into a strategic joint venture with KKR (“KKR JV”) […]
News Release: Welltower Raises 2024 Guidance and Issues Business Update
6/3/2024 7:41:00 AM EDT TOLEDO, Ohio, June 3, 2024 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) today announced that it has revised its 2024 outlook. The Company now expects to achieve normalized funds from operations attributable to common stockholders in a range of $4.05 – $4.17 per diluted share as compared to previous guidance of $4.02 […]
News Release: Montecito acquires Atlanta-area MOBs
Montecito acquires six ophthalmology buildings in Atlanta area. Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a six-building portfolio in the Atlanta Metro area. The six properties, which represent a combined total of more than 85,000 square feet, are 100% occupied. Thomas Eye, a dominant eye care provider […]
News Release: Vitalis acquires 36-Bed PAM Health Rehab Hospital in Denver metro.
The transaction closed May 30, 2024. Vitalis has acquired a 37,000 SF inpatient rehabilitation hospital on a long term lease with PAM Health. The facilitiy is strategically located in the affluent submarket of Westminster and accounts for over 50% of the available IRF beds within a 15-mile radius. The asset was developed in 2015 and […]
News Release: Diversified Healthcare Trust Closes $120 Million Mortgage Loan
May 30, 2024 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that it closed a $120 million mortgage loan secured by eight properties within DHC’s Medical Office and Life Science Portfolio, located in seven states and consisting of approximately 725,000 square feet. As of March 31, 2024, the weighted […]
News Release: HCA Florida Fawcett Hospital Completes Phase One in $60M Expansion
Press Release 05.29.24 HCA Florida Fawcett Hospital has completed phase one of its $60 million expansion and renovation project that increases the hospital’s capacity and broadens its offerings. Officially open to the public on May 13, the project included expanding critical care units by 12 rooms, increasing the number of pre-operative treatment areas to 43 […]
News Release: Davis Healthcare Real Estate Opens Lakeview Specialty Center (Lakeville, Minn.)
PRESS RELEASE 100,500-SF Medical Development is Fully Occupied by Allina and MNGI Digestive Health MINNEAPOLIS (May 29, 2024)—Davis has announced the formal opening of Lakeville Specialty Center, a 100,500 square foot medical building at 18645 Orchard Trail in Lakeville, MN. The building is fully occupied by Allina and MNGI Digestive Health. “The completed Lakeville Specialty Center […]
News Release: PMB and Santa Clara Valley Healthcare celebrate the topping-off for a 230,000 square-foot medical office building in San Jose, Calif.
FOR IMMEDIATE RELEASE SAN JOSE Calif., May 29, 2024 – PMB, a leading healthcare real estate developer, in partnership with Santa Clara Valley Healthcare (SCVH), celebrated topping-off on a 10-story, 230,000 square-foot medical office building in San Jose, CA. The future Valley Health Center San Jose (VHC San Jose) location provides county residents with seamless […]
Feature Story: Health execs get to quiz landlords
BOMA ‘reverse’ panel let providers ask questions of building owners By John B. Mugford Many healthcare real estate (HRE) conferences include panel discussions comprising real estate executives from prominent health systems. The idea is to allow the panelists to share their real estate strategies and, perhaps, explain what difficulties they face in trying to carry […]
News Release: Stockdale Capital Partners acquires five-story, Class-A medical office building in central Austin (Texas)
FOR IMMEDIATE RELEASE Property at 1401 Philomena St., adjacent to Dell Children’s Medical Center, has 129,382 square feet of rentable office space LOS ANGELES – May 28, 2024 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced it acquired a newly-built medical office building at 1401 Philomena St. in Central […]
Transactions: Remedy/Kayne JV buys 16 N.C. MOBs from Novant
Price not disclosed for the 737,347 s.f. first tranche of a 21-MOB deal By John B. Mugford In the current environment of rising costs and tighter operating spreads for health systems, perhaps growing number of such organizations are ready to start monetizing certain non-core real estate assets to raise capital. For years, healthcare real estate […]
News Release: Montecito acquires two-building medical office portfolio
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office buildings in the Milwaukee, Wisconsin, area. The buildings total over 70,000 square feet and are occupied by Children’s Hospital of Wisconsin. They are in the exurban communities of Delafield and Mequon, respectively. “We are thrilled to add these two outstanding […]
News Release: Lilly Increases Manufacturing Investment to $9 Billion at Newest Indiana Site to Boost API Production for Tirzepatide and Pipeline Medicines
News Release May 24, 2024 Largest investment in active pharmaceutical ingredient manufacturing of synthetic medicines in U.S. history Since 2020, the company has committed more than $18 billion to build, upgrade and acquire facilities in the U.S. and Europe INDIANAPOLIS, May 24, 2024 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) announced today that it […]
News Release: Medical Properties Trust Closes $800 Million 10-Year Loan Secured by U.K. Hospital Portfolio
6.9% Fixed Cash Pay Rate Demonstrates Access to Capital and Enduring Value of Hospital Real Estate May 24, 2024 08:30 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced the completion of approximately £631 million ($800 million) in new non-recourse, non-amortizing secured financing backed by certain […]
News Release: Vitalis Acquires 30,000 SF MOB on 15-Year Leaseback in Jacksonville.
The transaction closed May 23, 2024. Vitalis acquired a 30,165 SF medical outpatient building and surgery center located at 8262 Point Meadows Dr in Jacksonville, FL. Cross Regions developed the build-to-suit for Coastal Health in 2022. The facility includes clinical space for Coastal Health’s Orthopedic, Spine, Pain Management, Podiatry, and Physical Therapy practices in addition […]