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Transactions: San Diego company acquires two, fully occupied MOBs in northern Scottsdale
SCOTTSDALE, Ariz. – A San Diego-based asset advisory firm recently acquired side-by-side MOBs in far northern Scottsdale, at the northeast corner of the Loop 101.
Inpatient Projects: Christus Mother Frances to expand Tyler, Texas, hospital with $100 million tower
TYLER, Texas – Christus Trinity Mother Frances Health System has begun developing a $100 million tower on the south side of Christus Mother Frances Hospital in Tyler, about 100 miles east of Dallas, to expand its emergency and intensive care capabilities and leave room for future growth.
Inpatient Projects: U of Pittsburgh might bring new hospital, MOB to South Fayette Township, Pa.
BRIDGEVILLE, Pa. – Pittsburgh-based UPMC reportedly has plans for a three-story, 280,000 square foot medical complex in Bridgeville in South Fayette Township, about 10 miles southwest of Pittsburgh, according to a report in the local Observer-Reporter newspaper.
Inpatient Projects: Northside Hospital Cherokee’s 105-bed replacement facility opens in Canton, Ga., in May
CANTON, Ga. – Northside Hospital-Cherokee planned to open its new $250 million, 105-bed replacement facility in May 2017, more than doubling the square footage of the hospital’s current space.
Inpatient Projects: Memorial Hermann’s $168 million hospital in Cypress, Texas, is completed in 24 months
CYPRESS, Texas – Houston-based Memorial Hermann Health system recently opened a new $168 million, 81-bed hospital in Cypress, Texas, about 28 miles northwest of Houston.
Inpatient Projects: $85 million expansion begins on Studer Children’s Hospital in Pensacola, Fla.
PENSACOLA, Fla. – Construction has started on an $85 million, 120,000 square foot expansion of The Studer Family Children’s Hospital at Sacred Heart that will connect to the existing children’s hospital in Pensacola, on the Florida Panhandle.
Inpatient Projects: Rapid City, S.D., system to renovate hospital, build off-campus orthopedic institute
RAPID CITY, S.D. – Rapid City Regional Health (RCRH) plans to begin construction soon on expansion and renovation projects at its Rapid City Regional Hospital campus, where all patient rooms will be made private, a new entrance will be built, parking will be added and other projects will add and update space.
Post-Acute & Senior Living: Intergenerational Living announces first senior living campus in Stillwater, Minn.
STILLWATER, Minn. – Minneapolis-based Intergenerational Living & Health Care Inc. recently announced the development of The Lakes at Stillwater, the first senior living campus in the growing Minneapolis-St. Paul suburb of Stillwater.
REIT Report: CCP remains active buying, selling
SNF-focused Ventas spin-off buys behavioral health portfolio as part of strategy By John B. Mugford When Chicago-based Care Capital Properties Inc. (NYSE: CCP) closed on a recent $400 million acquisition of six behavioral health facilities in California, Arizona and Illinois, the real estate investment trust (REIT) revealed something about its strategy moving forward as well […]
Post-Acute & Senior Living: Buckner Senior Living starts twin 12-story senior living towers in Dallas
DALLAS – Dallas-based Buckner Senior Living recently broke ground on a showcase development in the northern part of Dallas.
Post-Acute & Senior Living: Ventas completes $137 million acquisition of six more Koelsch seniors housing communities
OLYMPIA, Wash. – In a sale-leaseback deal, Chicago-based Ventas Inc. (NYSE: VTR) paid $137 million for six Olympia, Wash.-based Koelsch Communities senior living facilities in Washington, California and Montana.
Post-Acute & Senior Living: For now, rate hikes have little impact
As rates rise, two senior housing observers say economy needs to keep growing By Erin E. Porter When the Federal Reserve increased its benchmark rate in March, the third such hike since December 2015, it certainly did not send shock waves through the business world.
Capital Markets: Pay attention to ancillary loan terms
What to look for in a healthcare real estate loan other than rates and tenure By Erik Tellefson When looking for financing, most borrowers ask about a loan’s tenure, recourse, rate and fees. In addition, lenders’ quotes and proposals also include a number of other ‘ancillary’ loan terms. These terms are often considered less important […]
Post-Acute & Senior Living: Ryan Companies plans $48.5M senior community on 11-acre parcel in Nashville, Tenn., suburb
HENDERSONVILLE, Tenn. – Minneapolis-based Ryan Companies is planning a new 189-unit independent living, assisted living and memory care community in Hendersonville, a Nashville suburb. The $48.5 million Clarendale at Indian Lake is planned for an 11-acre parcel the development firm recently acquired for an undisclosed price.
Companies & People: West Coast HRE firm Cypress West Partners continues its growth with new hires
RANCHO SANTA MARGARITA, Calif. – Rancho Santa Margarita-based Cypress West Partners, an operator and owner of healthcare facilities in the western part of the country, recently bolstered its team with the addition of two professionals.
