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HTA acquires North Carolina MOB
Healthcare Trust of America, Inc. Acquires an Approximately 153,000 Square Foot Medical Office Park in Cary, North Carolina SCOTTSDALE, Ariz., Jan. 3, 2011 /PRNewswire/ — Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a medical office park in Cary, North Carolina for approximately $28,200,000. The […]
Ventas subsidiary Lillibridge acquires ThedaCare portfolio
Ventas Acquires Medical Office Building Portfolio Totaling 225,000 Square Feet Transaction Represents Ventas’s First Medical Office Acquisition Under New Lillibridge Platform CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas”) said today that its wholly owned subsidiary, Lillibridge Healthcare Services, Inc. (“Lillibridge”), has acquired a portfolio of five class “A” medical office buildings totaling 225,000 square feet on […]
Plaza Companies Expands Presence in Tucson Marketplace
Plaza Companies Expands Presence in Tucson Marketplace Plaza Companies, a leader in the senior living and medical office marketplace in Arizona, is expanding its presence in the Tucson area and opening a new Tucson office. Opening Tucson Office to Serve Local Medical Office Properties; Hires Experienced Leasing Director for Area Portfolio TUCSON, Arizona (December 6, 2010) […]
LaSalle Group breaks ground for Tulsa assisted living facility
THE LASALLE GROUP, inc. MOVES INTO NEW TERRITORY OPENING ITS unique brand of SPECIALIZED MEMORY CARE communities IN THE TULSA MARKETLeading Real Estate Developer Constructs State-of-the-Art Facility Dedicated Specifically to Alzheimer’s and Memory Care in Tulsa, OKTulsa, OK – November 29, 2010 – Dallas-based developer The LaSalle Group, Inc. is breaking ground on its first […]
Investors Bullish on Health Care Real Estate as Reform Showdown Draws Closer
Hospitals Especially Could Thrive Under Proposed Universal Health Care Winding Through Congress. But The Medical Office Sector Should Remain Healthy Regardless of What Lawmakers Decide By Randy Drummer, CoStar November 18, 2009 With the mammoth health care reform package hanging in the balance, medical real estate companies will enter 2010 in the throes of debate […]
News Release: Healthcare Trust of America, Inc. executes Agreement to acquire a 62,000 SF Medical Office Building located in Baltimore, Md.
Scottsdale, Arizona (November 13, 2009) – Healthcare Trust of America, Inc. (the “REIT”), a self-managed, non-traded, real estate investment trust, announced the execution of a Purchase and Sale Agreement (the “Agreement”) to acquire a medical office building, known as the Smyth Professional Building, located in Baltimore, Maryland for approximately $11,250,000. The 62,000 SF Smyth Professional […]
Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford, Editor For quite some time now, healthcare real estate professionals have been saying that the passage of some form of universal healthcare coverage would likely result in increased demand for medical office buildings (MOBs) as well as other outpatient facilities. While such professionals have […]
Industry Pulse (September 2009)
By HREI Staff CAMPBELL, Calif. – Remember the recession? OK, we know, the economy is not out of the woods just yet – not even close. But before the recession took hold, the development of upscale medical facilities with plenty of amenities were on the upswing, giving people with good insurance and deep pockets the […]
Publisher’s Letter: Bueller? Bueller? Bueller?
BEN STEIN HELPS NIC ATTENDEES FIND OMPTIMISM Dear Reader: Earlier this month, I once again had the opportunity to attend the annual conference presented by the National Investment Center for the Seniors Housing & Care Industry (NIC) in Chicago. The folks at NIC put on a first class event, as always. But one of the […]
Industry Pulse (October 2008)
ATLANTA – Even though Piedmont Healthcare of Atlanta has been wracking up plenty of capital building projects and hospital acquisitions in recent years, the system recently announced that it is launching an even more expansive growth plan. The system revealed in September that it plans to spend $525 million over five years to build new […]
Company Profile: Buxton Healthcare ID (September 2008)
Pinpointing a location, target audience BUXTON HEALTHCARE ID USES SCIENCE TO FIND BEST SPOTS FOR MEDICAL FACILITIES By John Mugford When officials with Lehigh Valley Hospital and Health Network in eastern Pennsylvania considered locations for several new outpatient facilities, their instincts seemed perfectly natural: follow the new rooftops. But then one of the system’s executives […]
Companies (September 2008)
Hammes Co. to manage 1M SF project ELMHURST (ILL.) MEMORIAL HEALTHCARE IS BUILDING NEW 50-ACRE INTEGRATED CAMPUS Staff Reports Hammes Co. was recently hired by Elmhurst (Ill.) Memorial Healthcare (EMHC) as the project manager for the system’s future 259-bed, replacement acute care hospital building and two new medical office buildings (MOBs). Hammes, which is based […]
HREI Capital Markets Commentary (September 2008)
HREI Capital Markets Commentary – September Tumult! No single word better defines today’s capital markets. The severity of the challenges facing the capital markets has spiked higher with each phase. First came the lock up of the CMBS markets last summer/fall, then the seizure of the auction rate market this February, next the failure of […]
Special Report: BOMA Diagnostic View of Healthcare (September 2008)
Impact of industry trends WHAT HAPPENS IF MORE DOCS BECOME EMPLOYEES? By John Mugford What happens if most of the tenants in your medical office building (MOB) are physicians, but they become part of an apparent trend toward more physicians becoming hospital employees? That was one of the questions posed by a panel discussion at […]
Transaction (September 2008)
Baptist buys land for hospital in ‘Bama HEALTH SYSTEM PROPOSING 140-BED HOSPITAL IN HOOVER, NEAR BIRMINGHAM By John Mugford Like putting together a puzzle, Birmingham, Ala.-based Baptist Health system recently completed its third and final land acquisition needed to build its proposed 140-bed hospital in Hoover, Ala., a town of about 70,000 people. Baptist paid […]