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Capital Markets: Consider risk-adjusted pricing

Capital Markets: Consider risk-adjusted pricing

Lenders that offer it can be a good option for medical office building financing By Erik Tellefson Risk-adjusted pricing is pricing that is commensurate with a lender’s level of perceived risk in a transaction. Typically, the lender’s level of perceived risk for the purposes of risk-adjusted pricing is related to leverage or the amount of […]

With an allocated value of about $182.6 million, the 359-unit Aston Gardens Pelican Marsh in Naples, Fla., was the most valuable of the six private-pay independent living facilities acquired recently by a joint venture of Welltower Inc. and the Canada Pension Plan Investment Board (CPPIB). Photo courtesy of Discovery Bay

Post-Acute & Senior Living: Florida portfolio sells for $569M

Welltower-CPPIB joint venture takes 95% of six Aston Gardens assets By Murray W. Wolf Welltower Inc. (NYSE: HCN) has partnered with the Canada Pension Plan Investment Board (CPPIB) and Discovery Senior Living to acquire the six-property, 1,930-unit Aston Gardens independent and assisted living portfolio in Florida for $569 million. The Toledo, Ohio-based healthcare real estate […]

Kaiser is developing this new MOB at the site of a former theater in Chino, Calif. Rendering courtesy of Kaiser Permanente

Industry Pulse: Theaters and Borax – Kaiser Gets Creative

Provider sees opportunities in former theater, office building During the past several years, perhaps no healthcare provider or HRE firm has repurposed or redeveloped more properties than Kaiser Permanente. Recently, the Oakland, Calif.-based managed care consortium was at it again, with two more creative adaptive reuse projects in its home state.

Post-Acute & Senior Living: Historic former school to be transformed into 152 units of senior housing under $35M plan

Post-Acute & Senior Living: Historic former school to be transformed into 152 units of senior housing under $35M plan

LEESBURG, Va. – A former school in Leesburg is being transformed into a $35 million, 152-unit memory care, assisted living and independent living community, according to the local Daily Commercial newspaper.

Some providers, such as Northwell Health, say that rising leasing costs make it more sensible to own their facilities. Photo courtesy of SOM

Industry Pulse: Providers Discuss Thin Margins, Building Boom

Operating costs are high, margins are thin and upgrades are expensive, providers say At two recent Bisnow healthcare real estate events on the East Coast, the providers on the agenda said that operating costs are high, margins are thin, and the need to continuously improve facilities to compete and stay current is expensive.

The healthcare team at Stan Johnson Co. includes, from left to right, Colin Cornell, Toby Scrivner, Becca Kirby, Jeff Matulis, and Grant Wilkins. Not pictured are the company’s new additions in Atlanta, Van Barron, and in New York, Stewart Riggs. Photo courtesy of Stan Johnson Co.

Companies & People: Moving deeper into healthcare

Net-lease broker Stan Johnson Co. beefs up the team started by Toby Scrivner By John B. Mugford When Toby Scrivner joined the Stan Johnson Co. in Tulsa, Okla., 10 years ago, he was ready and willing to start selling industrial, retail and office net-leased properties nationwide, just like the firm’s other talented brokers.

Archives: January 2016

Archives: January 2016

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Rendina Healthcare Real Estate began construction of the 22,476 square foot Murrells Inlet ASC, also known as the Carolina Coastal Surgery Center, in less than six months, beating a looming Certificate of Need (CON) deadline. Photo courtesy of Rendina Healthcare Real Estate

Feature Story: HREI Insights Awards Winner – Best New MOB (Less Than 25,000 S.F.)

No hurdles too high for Rendina Developer overcomes multiple challenges to build South Carolina MOB/ASC Facility name: Murrells Inlet ASC Address, City, State: 3545 Highway 17 Bypass, Murrells Inlet, S.C. Client/owner: Murrells Inlet Investors LLC Product type: MOB/ASC Number of stories: 2 Square footage: 22,476 Site acreage: 1.82 Parking: 92 surface spaces Construction start date: May 2014 Construction complete date: May 2015 Cost: $7.11 million […]

Caddis selected the location of the Heartis - Amarillo community after using its own supply and demand algorithm, together with ArcGIS mapping software, to analyze multiple opportunities, then confirming those findings with additional research. Photo courtesy of Caddis

Feature Story: 2015 HREI Insights Awards Winner – Best Post-Acute/Senior Living

Heartis scores Amarillo win High tech approach helps Caddis to deliver warm environment for Texas seniors Facility name: Heartis – Amarillo Assisted Living & Memory Care Facility Address, City, State: 1601 Research St., Amarillo, Texas Product type: Assisted living Number of stories: 1 Square footage: 63,671 Site acreage: 4.9 Parking: 80 surface spaces Construction start date: Sept. 2013 Construction complete date: Aug. […]

Feature Story: Previous Insights Awards™ Winners

Here’s who won the HREI Insights Awards™ during the first two years of the program Best New Medical Office or Other Outpatient Building (Less than 25,000 square feet) 2013: Meridian Property Co. DaVita Stevens Creek 2014: Davis Moore Capital Duke Medicine at Meadowmont Best New Medical Office or Other Outpatient Building (25,000 to 49,999 square […]

The 72,000 square foot Rohnert Park Medical Office Building began life as a general office building but got a $6 million makeover from Meridian. Photo courtesy of Meridian

Feature Story: 2015 HREI Insights Awards Winner – Best Renovated/Repurposed

New MOB provides convenience Facility fills an important consumer need in Rohnert Park, Calif. Facility name: Rohnert Park MOB Address, City, State: 5900 State Farm Drive, Rohnert Park, Calif. Product type: Medical office building Number of stories: 2 Square footage: 72,000 Site acreage: 4.79 Parking: 315 surface spaces Construction start date: May 2015 Construction complete date: Aug. 2015 Cost: $13.5 million Owner: Meridian Major users/tenants: Kaiser […]

Erik Tellefson (left, shown with HREI Publisher Murray W. Wolf) collected his HREI Insights Awards™ award at the RealShare conference in Scottsdale, Ariz., in December. (HREI photo)

Feature Story: HREI Insights Awards Winner – Head and shoulders above the rest

Well-known Erik Tellefson named Healthcare Real Estate Executive of the Year By Murray W. Wolf At 6’ 6”, Erik Tellefson was a towering presence for his college football teams in the mid-1990s. Today, he remains so on a different playing field, healthcare real estate (HRE), selected by his peers as the HRE Executive of the […]

The Keith Corporation found a way to structure financing to deliver a much-needed 30,000 square foot clinic for a remote community in rural North Carolina.
Rendering courtesy of The Keith Corporation

Feature Story: HREI Insights Awards Winner – Best New MOB (25,000-49,999 S.F.)

New rural clinic brings health, hope The Keith Corporation’s financing and design expertise makes dream possible Facility name: Mission Health – Mauzy-Phillips Medical Center at BRRH Address, City, State: 125 Hospital Drive, Spruce Pine, N.C. Client (owner or tenant): Blue Ridge Regional Hospital (BRRH)/Mission Health Product type: MOB/rural health clinic Number of stories: 2 Square footage: 30,000 Site acreage: 3 Parking: 150 […]

The Davis Group delivered the 63,500 square foot Minnetonka Medical Center in the Minneapolis suburbs. Photo courtesy of bdy+young

Feature Story: 2015 HREI Insights Awards Winner: Best New MOB (50,000-99,999 S.F.)

Persistence, cooperation win in Minn. The Davis Group overcomes challenges to bring MOB to suburban Minneapolis Facility name: Minnetonka Medical Center Address, City, State: 15450 State Highway 7, Minnetonka, MN Client (owner or tenant): North Memorial Product type: Medical office building Number of stories: 2 Square footage: 63,500 Site acreage: 5.5 Parking: 285 surface spaces Construction start date: October 2013 Construction […]