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Inpatient Projects: More Inpatient Real Estate Project News
■ Members of the Downers Grove, Ill., Plan Commission recently gave their go ahead for a $92 million expansion at the 330-bed Advocate Good Samaritan Hospital in the far western suburbs of Chicago. The project still needs the final approval of the City Council, but hospital officials say they expect to start construction on the […]
Industry Pulse: More Broker-Dealers Resume Sales of ARC REITS
Investment sales have resumed now that the firm’s healthcare REITs have been cleared. Sales of non-traded real estate investment trusts (REITs) sold under the sponsorship of New York-based American Realty Capital Properties Inc. (Nasdaq: ARCP) seem poised to recover now that most units of the company have been cleared of wrongdoing in an accounting scandal […]
Industry Pulse: Vince Cozzi Crosses Border For New Job
Former Ventas exec joins Toronto-based health REIT. Vincent M. Cozzi, who was in charge of medical office building (MOB) investing for Ventas Inc. (NYSE: VTR), recently left his post to become co-president and chief investment officer of Toronto-based NorthWest International Healthcare Properties REIT (TSXV: MOB.UN).
Editor’s Letter: Disruptive innovation
Is the healthcare industry facing ‘a Kodak moment?’ Dear Reader: In ancient times, when I was in graduate business school (1989-91, if you must know), I took an excellent class called “The Management of Innovation.” Among other things, we learned how certain products once held seemingly unassailable market positions, only to be eliminated almost overnight […]
Post-Acute & Senior Living: Firms teaming up on big UK deal
HCP Inc. is backing $630M acquisition led by Formation Capital and Safanad Ltd. By Dan Larson With senior housing properties in such high demand, prices continue to rise to record levels. As a result, many investors are looking across the pond to find opportunities. Irvine, Calif.-based HCP Inc. (NYSE: HCP), is one such investor, as […]
Post-Acute & Senior Living: NorthStar stays active in seniors sector with $170 million in investments
NEW YORK – Greenwood Village, Colo.-based NorthStar Healthcare Income Inc., a non-traded REIT, recently announced $170 million worth of investments in an assisted living portfolio and a mezzanine loan backed by a skilled nursing and assisted living portfolio. Sponsored by NorthStar Asset Management Group, the REIT invests in all facets of the senior housing sector.
Post-Acute & Senior Living: Following Omega deal, Aviv REIT announces $305M, 28-asset portfolio purchase
CHICAGO – Just days after disclosing a planned $10 billion merger with Omega Healthcare Investors, Chicago-based Aviv REIT (NYSE: AVIV) announced the acquisition of a $305 million portfolio from Diamond Senior Living LLC, a subsidiary of General Electric Credit Corp. of Tennessee. The deal includes 29 properties and is the largest company acquisition in 30 […]
Post-Acute & Senior Living: Medical Properties Trust makes big buys, including $900M deal in Germany
BIRMINGHAM, Ala. – Birmingham-based Medical Properties Trust Inc. (NYSE: MPW) is expanding its senior healthcare brand to Germany. The real estate investment trust recently announced a plan to acquire and lease back all of the real estate assets currently held by MEDIAN Kliniken Group, the largest private provider of post-acute and acute rehabilitation facilities in […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Murfreesboro, Tenn.-based National Health Investors (NYSE: NHI) is planning to lend $154.5 million to recapitalize and finance the expansion of Timber Redige at Talus, a continuing care retirement community in Issaquah, Wash. The facility serves the greater Seattle area and currently has 184 independent living apartments which are 95 percent occupied. The expansion plans […]
Companies & People: 5 questions for Chris Rooney
AHI’s top asset manager talks about REIT strategy, the HRE market and more By Dan Larson One of the most prolific buyers of healthcare real estate (HRE) in recent years has been Irvine, Calif.-based Griffin-American REIT II, an unlisted real estate investment trust (REIT) that has acquired more than $2.6 billion worth of healthcare facilities […]
Companies & People: More Companies & People News
■ ERDMAN recently hired Jenne L. Meyer as VP of the ERDMAN brand. Ms. Meyer has more than 20 years of experience in branding, marketing, market research, and marketing innovation in the healthcare sector. She most recently served as the director of Global Strategic Marketing at GE Healthcare, where she was “instrumental in building and growing […]
News Release: Medical Office Building Celebrates Construction Milestone – Will Open with New Hospital
SIERRA VISTA, Ariz., Nov. 24, 2014 – As work continues on the new 175,000 square foot Sierra Vista Regional Health Center, construction of the new on-campus medical office building has reached a milestone. Earlier this month the steel framing for the 55,000 square foot medical office building was completed, and to commemorate the occasion, a […]
News Release: Revista unveils national medical property database
Firm has just released the first widely available, comprehensive national healthcare real estate data for the estimated $1.2 trillion healthcare real estate sector – and the numbers show that construction is active ANNAPOLIS, Md., Nov. 24, 2014 – Revista, a one-stop source for healthcare and real estate organizations to obtain industry-focused data, has just unveiled […]
News Release: Revista releases list of America’s largest medical property owners, and adds two more partners
Data firm finds that hospitals and health systems account for 41 of the 50 largest owners of healthcare real estate. Revista also adds new partners Jones Lang LaSalle and Hammes Partners, and new board members. ANNAPOLIS, Md., Nov. 24, 2014 – Although healthcare real estate investment trusts (REITs) have been aggressively acquiring medical office buildings […]
News Release: Carter Validus Mission Critical REIT II Acquires New Healthcare Property
Carter Validus Mission Critical REIT II, Inc. (“CVMCR II”) announced that it acquired its second healthcare property, Mercy Healthcare Facility, a 14,868-square-foot integrated medical facility located in Cincinnati, OH. The facility was built in 2001, and includes 22 examination rooms as well as two phlebotomy areas. Physicians practicing in the facility focus on the areas […]