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Post-Acute & Senior Living: Q2 assisted living growth rate of 3.1 percent was fastest since at least 2007
ANNAPOLIS, Md. – New construction of assisted living facilities during Q2 grew at the fastest rate recorded since analysts started keeping track seven years ago. The inventory of assisted living facilities grew by 3.1 percent last quarter, according to a July 11 news release from the National Investment Center for the Seniors Housing & Care […]
Post-Acute & Senior Living: More Post-Acute and Senior Living News
■ Fourteen investment funds affiliated with Fortress Investment Group on June 2 sold almost 17.6 million shares of Brookdale Senior Living (NYSE: BKD) stock, according to a recent U.S. Securities and Exchange Commission (SEC) filing. New York-based Fortress, a major shareholder since Brentwood, Tenn.-based Brookdale’s initial public offering (IPO) in late 2005, sold at an […]
Industry Pulse: On The Record: Paul N. Orloff MD
Do independent physicians matter in healthcare real estate anymore? “Why am I so important as a solo practitioner? In a lot of senses I think I’m living in Manhattan in one of the last lands of the dinosaurs. Indeed, maybe I am a dinosaur. But what I think is we’re going to survive for a […]
Industry Pulse: Northstar is Likely Buyer of G-A HC REIT
Potential $4 billion transaction is expected to close by Q4 Just before press time, Healthcare Real Estate Insights™ learned that NorthStar Realty Finance Corp. (NYSE: NRF), whose healthcare activities are led by James F. “Jay” Flaherty, the former CEO of HCP Inc. (NYSE: HCP), plans to acquire Irving, Calif.-based Griffin-American Healthcare REIT II, an unlisted […]
Industry Pulse: New Healthcare Resorts Blend Health, Hospitality
Firm has a potential $1.4 billion of projects in the pipeline, says partner Health Care REIT A new, or perhaps hybrid, category of senior housing/healthcare real estate (HRE) property is appearing on the scene. Combining rehabilitative care, assisted living services and long-term care into a senior living facility that includes “spa-like” amenities is a property […]
Editor’s Letter: It’s Awards Season
2014 HREI Insights Awards™ entries now open Dear Reader: Of all the things we’ve done here at Healthcare Real Estate Insights™ during our 11-year history, we’re perhaps most proud of the launching of the annual HREI Insights Awards™ program, which we started in 2013. As we said then and reiterate now, the healthcare real estate […]
Industry Pulse: Northstar is Likely Buyer of G-A HC REIT
Potential $4 billion transaction is expected to close by Q4 Just before press time, Healthcare Real Estate Insights™ learned that NorthStar Realty Finance Corp. (NYSE: NRF), whose healthcare activities are led by James F. “Jay” Flaherty, the former CEO of HCP Inc. (NYSE: HCP), plans to acquire Irving, Calif.-based Griffin-American Healthcare REIT II, an unlisted […]
REIT Report: New REIT looks to grow, diversify
Spin-off firm CareTrust has its eye on new tenants and regions, perhaps MOBs By John B. Mugford The healthcare real estate sector’s newest REIT is really not all that new, at least when it comes to being involved in senior housing facilities. However, even those involved in medical office buildings (MOBs) might want to become […]
Companies & People: JLL is marketing several offerings
Firm’s healthcare brokers also plan to put several other deals on the market By John B. Mugford Three medical office building (MOB) deals are currently on the market from the Healthcare Capital Markets Group at Jones Lang LaSalle (NYSE: JLL), including one that hit the market just recently. For one of the offerings, JLL has […]
Companies & People: Healthcare Real Estate Capital assists in three deals, opens Chicago office
NEW YORK – New York-based Healthcare Real Estate Capital (HRE Capital) was recently involved in three healthcare real estate transactions. In one of them, HRE Capital secured financing for AW Property Co. in its acquisition of a 51,681 square foot, two-MOB portfolio in Tampa, Fla. The on-campus, single-tenant MOBs have long-term lease agreements with publicly-traded […]
Companies & People: Marcus & Millichap broker closes five MOB sales in second quarter
SAN DIEGO – The second quarter proved to be a good one for one of the healthcare real estate (HRE) sector’s well-known professionals, John Smelter of Marcus & Millichap (NYSE: MMI). During the quarter, Mr. Smelter, a senior director of the firm’s Healthcare Real Estate Group in San Diego, negotiated the sale of five MOBs […]
Companies & People: As part of growth plan, Charlotte-based Brackett Flagship makes new hires
CHARLOTTE, N.C. – Charlotte, N.C.-based Brackett Flagship Properties recently added four new employees to support what it calls its “continued growth.” The new hires are C. Thorn Baccich Jr.; Ryan Dawson; Matt Schindelholz; and John Klawitter. Mr. Baccich joins Brackett Flagship Properties from Carolinas Healthcare System, where he spent four years in the system’s Real […]
Companies & People: More Company News
■ Physicians Realty Trust (NYSE: DOC), a Milwaukee-based, healthcare-focused real estate investment trust (REIT), recently named Jeff Theiler to the new position of executive VP and chief financial officer. Mr. Theiler, who reports to John Thomas, president and CEO of the REIT, most recently served as an equity research analyst focusing on the healthcare and […]
News Release: CBRE Capital Markets Arranges $20 Million Loan for Medical Office Buildings in Denver
DALLAS (July 24, 2014) – CBRE Capital Markets secured financing for Centrum Healthcare Center, a Class A medical office facility located in Greenwood Village, Colorado, south of downtown Denver. CBRE’s Debt & Structured Finance Group worked on behalf of the borrower, an affiliate of Fleisher Smyth Brokaw, a Denver-based medical office owner and developer, to […]
News Release: New Stage Equity Acquisition – Columbus, OH
Stage Equity Partners Continues Expansion into Columbus, OH Medical Real Estate Market with New Purchase in Pickerington, Ohio. CHICAGO (July 23, 2014) – Chicago-based healthcare real estate investment firm Stage Equity Partners, LLC has finalized the acquisition of a Class A medical office building in the Columbus, OH suburb of Pickerington, announced Principals Brian Howard […]