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Post-Acute & Senior Living: Panel epitomizes changing times
NIC discussion tackles retail clinics, PPACA and post-acute care partnerships By Murray W. Wolf It was a panel discussion that couldn’t have happened 10 years ago. The topics covered in the opening general session of the recent National Investment Center for the Seniors Housing Industry (NIC) Regional Conference would have seemed in early 2004 to […]
Industry Pulse :Twin Cities Investor Market Heating Up
For the past several years, the MOB investment market in the Twin Cities of Minneapolis-St. Paul, Minn., has been rather dull. Despite an active and innovative healthcare scene – the health maintenance organization (HMO) was invented in Minnesota in the 1960s, for example – very few healthcare facilities were bought or sold.
REIT Report: Griffin-American launches new REIT
Unlisted Griffin-American Healthcare REIT III has agreed to first acquisitions By John B. Mugford With all of the speculation surrounding what would eventually happen to unlisted Irvine, Calif.-based Griffin-American Healthcare REIT II – would it go public or be acquired by a publicly listed company? – not much attention has been paid to the launching […]
Post-Acute & Senior Living: More Post-Acute and Senior Living News
LCB Senior Living LLC of Norwood, Mass., plans to develop a 72,600 square foot, 90-unit assisted living and Alzheimer’s care community at 6 Sally Sweets Way in Salem, Mass. Plans call for 64 assisted living residences and a 26-bed Alzheimer’s care unit to be developed on a 7-acre, wooded site next to the Ingram Senior […]
Industry Pulse On the Record: Thomas D’Arcy
“Will health systems begin monetizing MOBs at some point? “We’re seeing regional healthcare systems beginning the process of monetizing their assets… Over time, investors such as the people in this room (at the 2014 BOMA MOB conference) are going to be owning more and more of the healthcare facilities in this country.” Thomas D’Arcy, CEO […]
Post-Acute & Senior Living: Enterprise Builders’ healthcare projects going strong in New Mexico
ALBUQUERQUE, N.M. – Enterprise Builders Corp. of Albuquerque has just completed a 52,000 square foot SNF and ALF near the southeast corner of Coors and Rio Bravo Boulevards in Albuquerque — a major milestone for the 80-acre mixed-use Las Estancias development. The development also will include a variety of retail shops and small and large […]
Post-Acute & Senior Living: Methodist Retirement to break ground for $74 million Houston area community
LEAGUE CITY, Texas – Methodist Retirement Communities, a not-for-profit service ministry which operates affordable housing and senior living communities in several Texas cities, announced that it is breaking ground on The Crossings senior community in League City. The $74 million community, which will be built on 18.8 acres near FM 270 (Egret Bay) and FM […]
Post-Acute & Senior Living: Brooks Rehab continues skilled nursing construction spree in Jacksonville, Fla.
JACKSONVILLE, Fla. – Jacksonville-based Brooks Rehabilitation announced that it is continuing its “aggressive” program of building SNFs in the Jacksonville area. It will develop a $13.6 million, 80,000 square foot facility across from its main hospital at University Crossing.
Editor’s Letter: VA mess: A bad sign?
Failures of federally run healthcare raise concerns Dear Reader: The Patient Protection and Affordable Care Act (PPACA) was designed to accomplish a whole host of things, perhaps most importantly to provide a way for uninsured Americans to receive affordable health insurance. As many as 30 million people are expected to receive coverage in coming years […]
Post-Acute & Senior Living: TriHealth to consolidate rehab services and staff into new Cincinnati hospital
CINCINNATI – TriHealth, one of the largest integrated health systems in Greater Cincinnati, announced that it will be working with joint venture (JV) partner Pennsylvania-based Select Medical, a provider of specialized acute and post-acute care, to develop a $17 million building that will house a new TriHealth Rehabilitation Hospital. TriHealth will occupy 60,000 square feet […]
Post-Acute & Senior Living: Nebraska housing developer and contractor to build senior rental complex in Ohio
HILLIARD, Ohio – Lincoln, Neb.-based sister companies Resort Lifestyles Communities Inc. and Cameron General Contractors Inc. are developing a $27.3 million, 174,500 square foot independent living apartment complex at 4160 Trueman Blvd. in Hilliard, about 12 miles northwest of Columbus, Ohio. This is the first time the Nebraska companies, which build, own and manage independent […]
Post-Acute & Senior Living: Presbyterian Homes to develop senior community and clinic in Hudson
HUDSON, Wis. – Presbyterian Homes & Services, a Roseville, Minn.-based non-profit, faith-based housing developer, announced that it will develop a 160-unit senior housing and assisted living community and a clinic adjacent to the Hudson Hospital campus near Interstate 94 in Hudson. The cost for the project is estimated at $40 million to $42 million. Presbyterian, […]
Industry Pulse: BOMA MOB Conference Crowd Grew Nearly 31%
Nashville, Tenn., event attracted 1,000-plus Back in the early 2000s, people involved in healthcare real estate might’ve asked each other, “Are you going to BOMA’s MOB conference this year?” These days, the conference has become so familiar in the healthcare real estate (HRE) sector that is has simply referred to as “BOMA.” That’s because as […]
Companies & People: He’s helped raise HRE to new heights
Jonathan L. Winer receives BOMA’s first Outstanding Contribution Award By John B. Mugford For the most part, the healthcare real estate (HRE) sector is less than two decades old, a relatively new asset class that in recent years has become the darling of a growing list of investors both large and small. Because of its […]
Companies & People: Caddis brings Jason Hinkel on board
Development executive to boost company’s presence in Southeast United States By John B. Mugford As Dallas-based Caddis Partners LLC started landing more business in and around Atlanta in recent years, the company that’s well known for developing and owning properties in Texas and the Southwest found itself building up quite a nice collection of owned […]