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Feature Story: Amid market uncertainty, investors share some strategies
BOMA panelists discuss acquisitions, dispositions and joint ventures By John B. Mugford CHICAGO – As we move further into 2023, there are so many questions about the current slowdown in the healthcare real estate (HRE) acquisitions market, with a heavy emphasis on medical office buildings (MOBs) and where things are headed for the remainder of […]
News Release: Omega Reports First Quarter 2023 Results and Recent Developments
Completed the Transition of 4 Operator Portfolios Year-to-Date Completed $276 Million in New Investments Year-to-Date May 02, 2023 04:15 PM Eastern Daylight Time HUNT VALLEY, Md.–(BUSINESS WIRE)–Omega Healthcare Investors, Inc. (NYSE: OHI) (the “Company” or “Omega”) announced today its results for the quarter ended March 31, 2023. FIRST QUARTER 2023 AND RECENT HIGHLIGHTS Net income […]
News Release: NYC Health + Hospitals/South Brooklyn Health Celebrates the Opening of the New Ruth Bader Ginsburg Hospital
The Ginsburg family joined hospital staff, elected officials and community leaders from across the city to recognize New York City’s first new public hospital since 1982 Nearly $1 billion project features a storm-resilient design, a flood-proof Emergency Department, private patient rooms and state-of-the-art equipment to serve South Brooklyn and its neighboring communities The Ruth Bader […]
Companies & People: Five questions for Jim Pisula
Pinecroft Realty’s new CEO succeeds his brother, Tom Pisula, at the helm of HRE-focused firm By John B. Mugford For starting out as a side business of an energy trader back in 2003, The Woodlands, Texas-based Pinecroft Realty has done rather nicely in the healthcare real estate (HRE) sector. The full-service commercial real estate firm, […]
News Release: Catalyst and National Real Estate Advisors Start Construction on PAM Health’s New Inpatient Rehabilitation Hospital
May 2, 2023 PENSACOLA, FL – Catalyst Healthcare Real Estate (Catalyst), a full-service healthcare real estate investment firm, and National Real Estate Advisors, LLC (National), an investment manager developing and managing large-scale real estate projects on behalf of its clients, begin the development of a 49,000 square foot inpatient rehabilitation hospital (IRH) in Winter Garden, […]
News Releases: Montecito Medical Acquires Medical Office Building in Cincinnati
May 02nd 2023 Real Estate, News Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a 15,000-square-foot medical building in Cincinnati, Ohio. The property is 100% leased to Bon Secours Mercy Health, a leading health system in the region. “We are very pleased to acquire this outstanding medical real […]
News Release: CommonSpirit Completes Purchase of Steward’s Utah Operations
May 01, 2023 05:52 PM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced the commencement of its master lease with CommonSpirit Health (“CommonSpirit”) through CommonSpirit’s wholly owned subsidiary of Catholic Health Initiatives Colorado (“CHIC”), to operate five general acute care hospitals in Utah. CommonSpirit, recognized as […]
News Release: H2C Advises Summit Development on Monetization of Westchester Medical Office Building
H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as advisor to Summit Development LLC (“Ownership”) on the monetization of The Medical Offices at Chappaqua Crossing (the “Property”). In a transaction led by H2C Executive Director Matthew Tarpley, the Property sold for $40.0 Million. The ±490,000-square foot Property, which originally served as the Global […]
News Release: VMG Health Acquires BSM Consulting, a Healthcare Consulting Firm
May 01, 2023 08:00 AM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–VMG Health, a leading full-service healthcare strategy and transaction advisory firm, is pleased to announce it has acquired BSM Consulting (“BSM”), a specialist healthcare consulting firm with offices in Reno, Nevada and Phoenix, Arizona. VMG Health is owned by VMG employees and Northlane Capital Partners (“NCP”). […]
Life Sciences: Largest LSRE owners still upbeat despite challenges
Alexandria, BioMed/Blackstone and Healthpeak say they remain committed By Murray W. Wolf The four largest owners of life sciences real estate (LSRE) are publicly traded companies, and three of those released their first quarter (Q1) earnings reports in recent days. So how are their executives feeling about the current state of the LSRE market during […]
News Release: Healthpeak Properties Board Appoints Kathy Sandstrom as Chair
NEWS PROVIDED BY Healthpeak Properties, Inc. Apr 27, 2023, 16:15 ET DENVER, April 27, 2023 /PRNewswire/ — Healthpeak Properties, Inc. (NYSE: PEAK) announced today that Kathy Sandstrom was appointed as independent Chair of the Board of Directors. Ms. Sandstrom succeeds Brian Cartwright, who will continue to serve on the Board as an independent director. “Regular rotation […]
News Release: $78 million financing secured for 19-property healthcare portfolio
JLL Capital Markets arranged the financing for healthcare portfolio spanning nine states DALLAS, April 26, 2023 – JLL Capital Markets announces today that it has arranged $78 million through multiple financings for a 19-property healthcare portfolio totaling 319,424 square feet in nine states. JLL worked on behalf of the borrower, Montecito Medical Real Estate to […]
News Release: Office Properties Income Trust Announces First Quarter 2023 Results
April 26, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx. A conference call to discuss OPI’s first quarter results will be held on […]
News Release: Increase in Lab Vacancy in Q1 Opens More Options for Life Sciences Companies
Press Release FOR IMMEDIATE RELEASE Life sciences employment and average rental rates are up, while venture capital is down in first quarter Dallas – April 26, 2023 – Lab vacancy increased across the top 13 U.S. life sciences markets in the first quarter, providing relief for companies that had found little available space in recent […]
News Release: BXP Announces First Quarter 2023 Results; Reports Q1 EPS of $0.50 and FFO Per Share of $1.73
Commenced Development of Two Fully Pre-Leased Life Sciences Projects Totaling More Than 800,000 Square Feet in Cambridge, Massachusetts April 25, 2023 04:12 PM Eastern Daylight Time BOSTON–(BUSINESS WIRE)–BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the first quarter ended March 31, 2023. […]