Capital Markets Snapshot: Looming maturities remain a concern
BUT CONDITION OF CAPITAL MARKETS CONTINUES ON ROAD TO IMPROVEMENT The general condition of our capital markets continues to improve, with risk premiums for financial assets declining since the most-challenged days of the financial crisis. Concerns remain, however, such as the “shape” of the economic recovery, the pace and impact of the collective governments’ exit […]
Company Profile: FHA 242 debt in demand
INNOVATIVE CAPITAL GETTING HOSPITAL DEALS DONE By John Mugford At the start of this decade, as Alan P. Richman was delving into the idea of starting a company that would, among other services, secure Federal Housing Administration (FHA) Section 242 mortgage insurance for rural community hospitals, there were certainly some obstacles to overcome. “I was […]
Product Focus: Senior living hangs tough
IT HAS OUTPERFORMED MOST REAL ESTATE SECTORS By Murray W. Wolf Like the medical office market, the senior living sector has taken a hit during the past 12 to 18 months. But industry observers say it remains a better investment than most other segments of the commercial real estate market. Senior living will also rebound […]
Industry Pulse: October 2009
ATLANTA – As the medical office building (MOB) sector has grown up in recent years – some healthcare real estate veterans say the sector was a non-sector until the early 2000s – one aspect of it continues to be elusive: comprehensive data. While there are definitely people and companies in certain cities and geographic markets […]
Companies: Renamed REIT hires service providers
FIRMS HIRED BY HEALTHCARE TRUST: CBRE, PLAZA COS., HOKANSON, PM REALTY By John Mugford There have been plenty of changes recently at Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA). In mid-September the real estate investment trust (REIT) officially changed its name – from Grubb & Ellis Healthcare REIT – and moved to self-management, pulling […]
Companies: Once riding high, Lauth is reorganizing
EFFECT ON FIRM’S HEALTHCARE PROJECTS, ASSETS IS NOT KNOWN AT THIS TIME By John Mugford Just a couple of years ago, Indianapolis-based Lauth Group was flying high in the world of commercial real estate development. Commercial Property News ranked the company as the 13th largest developer in the country in 2007. A year earlier, in […]
Inpatient Projects: WakeMed can build women’s hospital
NORTH CAROLINA SYSTEM GAINS STATE APPROVAL FOR OTHER PROJECTS AS WELL By John Mugford Raleigh, N.C.-based WakeMed Health & Hospitals has had to play a waiting game in order to receive final state approvals to move forward on several capital projects, including a 61-bed acute-care women’s hospital at its North Healthplex outpatient site in the […]
Outpatient Projects: U of Kansas Hospital starts new MOB
TURNER CHOSEN TO MANAGE CONSTRUCTION OF $55 MILLION, 175K S.F. FACILITY By John Mugford In order to provide more convenient care and to consolidate a variety of services, the University of Kansas Hospital in Kansas City, Kan., is embarking on the development of a new $55 million on-campus medical office building (MOB). The Kansas City, […]
Transactions: Tenants buy MOB near Sacramento
GROUP EXERCISES ITS RIGHT OF FIRST REFUSAL IN BUYING BUILDING FOR $20.5M By John Mugford A group of physician/tenants recently bought out the non-physician partners of a medical office building (MOB) on the campus of Sutter Roseville Medical Center, located in Roseville, Calif., a suburb of Sacramento. The acquisition price was $20.5 million for the […]
Capital Markets Snapshot: Healthcare REITs back in the saddle
PLUS, CAPITAL MARKETS CONTINUE TO SHOW IMPROVEMENT AND STABILIZATION One year after the darkest days of the recent financial crisis, our capital markets continue to improve and stabilize. Equity markets have increased 57 percent (as measured by the S&P 500) from their low point in early March and some of the key metrics in the […]
Q&A: Provider-side experience
JOHN THOMAS LEADS GROUP AT HEALTH CARE REIT By John Mugford From its inception in 1970 until late 2006, Health Care REIT Inc. was busy accumulating quite a large portfolio of properties almost exclusively focused on seniors: skilled nursing facilities, assisted living developments, retirement communities and others. But then, in one fell swoop back in […]
News & Analysis: Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford 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 been […]
Editor’s Letter: More for reform
LOVE HIM OR HATE HIM, TED K. WAS A KEY PLAYER By John B. Mugford Dear Reader: Whether you agreed with the political leanings of one of the country’s iconic political figures, Edward M. “Ted” Kennedy, or not, his recent passing could have an effect on our industry. It will be interesting to see what […]
Special Report: Are there distressed med properties?
NOT MANY, BUT BOMA PANEL SAYS INVESTORS STILL MIGHT FIND OPPORTUNITIES By John Mugford Today’s economic environment is placing plenty of financial pressure on the owners of commercial properties, including some who own medical office buildings (MOBs). But this pressure has not necessarily led to many distressed properties in the MOB sector. Even so, the […]
Special Report: What to do when you can’t build new?
BOMA PANELISTS SHARE STRATEGIES FOR MAKING DUE WITH EXISTING SPACE By Murray W. Wolf What’s a developer or hospital system to do when there’s a need for more outpatient space but capital is unavailable? That was the question posed to a group of panelists June 26 during the 2009 Medical Office Buildings (MOBs) and Healthcare […]