Post-Acute & Senior Living: Senior community outside of Seattle changes hands for $50.5M; ESI brokers sale
Garden Court Retirement Community, a 148-unit independent and assisted the living community in Everett, recently traded for $50.5 million, or $341,000 per unit. The facility was completed in 2002
Companies & People: Caddis, Invesco announce JV to invest up to $1 billion in HRE over three to five years
Healthcare real estate (HRE) sector professionals note that as more and more large investors look to enter the medical real estate sector, they are likely to seek experienced healthcare development firms as
Companies & People: Peter Bulgarelli becomes Ventas EVP and Lillibridge CEO after 28 years with JLL
Chicago-based Ventas, Inc. (NYSE: VTR) recently announced the hiring of Peter J. Bulgarelli as its new executive VP of office and the CEO and president of Lillibridge Healthcare Services Inc., which
Industry Pulse: Millennials bring online behavior to Healthcare
Millennials are also more likely to use walk-in clinics, telemedicine and wellness programs A new research study has found that millennials – who now outnumbers baby boomers – are more comfortable with nontraditional engagement with their healthcare providers, and are more likely to apply shopping habits commonly found in the online retail realm to their […]
Post-Acute & Senior Living: Newly passed Illinois senior housing law green lights $60 million Chicago project
A newly passed Illinois law will allow a developer to move forward with plans to convert a vacant 10-story building on Chicago’s North Side into an affordable senior housing community. The new law
Post-Acute & Senior Living: Ryan Companies joins JV partnership on $16.7 million, 172-unit Florida senior project
A team with Pittsburgh-based Holliday Fenoglio Fowler LP (NYSE: HF) recently arranged a $16.7 million joint venture (JV) partnership for the development of the 172-unit Grand Living at Lakewood
Outpatient Projects: NexCore Group starts work on 37,800 square foot clinic for CHI Health near Omaha, Neb
Denver-based NexCore Group LP broke ground recently on a future clinic in Council Bluffs, a suburb of Omaha, Neb., that will be occupied by the area’s largest healthcare provider, CHI Health, part
Post-Acute & Senior Living: Tryko adds 129-bed Philly-area facility to SNF portfolio, plans a renovation
Brick, N.J.-based Tryko Partners LLC recently acquired the two story, 129-bed ManorCare Health Services at Mercy Fitzgerald Hospital skilled nursing facility in Yeadon, near Philadelphia.
Transactions: Montecito Medical adds to its portfolio in buying a 34,554 square foot MOB in Salem, Ore
Montecito Medical Real Estate recently acquired a two-story, 34,554 square foot MOB at 5050 Skyline Village South in Salem, according to the company. WVP-The Doctors’ Clinic is fully occupied by
Outpatient Projects: Seavest, Trammell Crow open pavilion anchored by Children’s Hospital of San Antonio
In more news from Trammell Crow Company, a recent ribbon cutting ceremony opened the new Children’s Hospital of San Antonio Health Pavilion – Stone Health at 1434 E. Sonterra Blvd.
Outpatient Projects: HTA’s new development platform moves forward on its own project in Miami
When Healthcare Trust of America Inc. (NYSE: HCA) acquired Duke Realty Corp.’s (NYSE:DRE) development platform and most of its medical office buildings (MOBs) in 2017, it said that it planned
May 2018 PDF
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Hot Property: An offering for the times
The MMRE Portfolio should whet the appetites of today’s hungriest, largest investors Name: MMRE Portfolio Number of buildings: 17 Square feet: 813,467 Location: 9 states Seller: Montecito Medical R.E. Occupancy: 96.9% Investment grade: 40% Lease structures: Triple net Brokerage: CBRE Brokers: Christopher R. Bodnar, Lee Asher, Sabrina Solomiany, Ryan Lindsley Coming off what could be […]
Post-Acute & Senior Living: Assisted living community changes hands in Bellingham, Wash.; ESI represented the seller
In more news from ESI, the firm also recently brokered the $7.03 million sale of the 66-unit Rosewood Villa, a 66-unit assisted living community in Bellingham, Wash., about 87 miles north of Seattle.
Hot Property: A strong tenant-anchored MOB
The Hillcroft Medical Clinic in Sugar Land, Texas, continues to increase its revenues Name: Hillcroft Medical Clinic Address: 1429 Highway 6 City: Sugar Land, Texas Square feet: 40,531 Stories: three Anchor tenant: Hillcroft Medical Brokerage: BGL Real Estate Partners Brokers: Christopher L. Stai, Clinton J. Parker, Andrew R. Larwood, Allen C. Inman Not all medical […]