Inpatient Projects: Bryn Mawr, Pa., hospital plans $200 million project to replace older buildings
BRYN MAWR, Pa. – Since it opened in 1893, Main Line Health’s hospital in Bryn Mawr outside of Philadelphia has never undergone as big of a project as the one that is now in the works.
Inpatient Projects: Hospital, medical complex planned for former golf course in New Mexico
LAS CRUCES, N.M. – On the east side of Las Cruces, the loss of a local golf course will someday be a gain for area medical consumers. That’s because a new medical complex is slated as the first phase of Park Ridge, a 110-acre mixed-use, multi-phase redevelopment project planned for the site of the now-defunct […]
Post-Acute & Senior Living: Ventas launches SNF spin-off CCP
By Murray W. Wolf Ventas Inc. (NYSE: VTR) announced Aug. 18 that it has completed the previously announced spin-off of most of its post-acute/skilled nursing facilities (SNFs) portfolio into an independent, publicly traded REIT called Care Capital Properties Inc. (NYSE: CCP). CCP is a “pure-play” REIT that Ventas says will primarily own, acquire and lease SNFs operated by […]
Editor’s Letter: M&A remains on a roll
What does this mean for the healthcare real estate? Dear Reader: As all of us know, merger and acquisition (M&A) activity among hospitals and health systems is an ever-growing part of the country’s healthcare landscape.
Post-Acute & Senior Living: HFF closes $195 million sale of five-asset senior portfolio in the Southeast
DALLAS – Holliday Fenoglio Fowler LP (HFF) announced Aug. 10 that it had brokered the $195 million sale of a five-property senior housing portfolio totaling 709 units located in the Southeast.
Post-Acute & Senior Living: Evans Senior Investments facilitates the closing of three transactions
CHICAGO – Evans Senior Investments (ESI), a Chicago-based investment bank, recently reported that it had facilitated the sale of three separate senior living transactions in West Virginia, Pennsylvania and Ohio.
Capital Markets: MOB equity recapture opportunities
Borrowers can benefit from recapitalizing via debt on under-levered assets By Erik Tellefson Medical office building (MOB) loans that reach maturity or their freely pre-payable period are often under-levered.
REIT Report: G-A REIT III keeps on investing
Unlisted investment trust says it has $1 billion of acquisitions in its pipeline By John B. Mugford Things happen quickly and in big numbers in the world of healthcare real estate (HRE) investing these days.
Post-Acute & Senior Living: Walker & Dunlap originates nearly $464.7M in loans for New Senior Investment
BETHESDA, Md. – In more news from Bethesda-based Walker & Dunlop, the commercial real estate finance company announced Aug. 19 that it originated 28 loans totaling almost $464.7 million, secured by a portfolio of 28 independent living properties (ILFs) acquired by New Senior Investment Group.
Post-Acute & Senior Living: Extendicare, Omega, JLL and New Senior all closed major transactions this summer
NATIONWIDE – This summer was closing time for several $100 million-plus post-acute and senior living transactions.
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc., announced Aug. 3 that it handled the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh, N.C. IPA Executive Director Mark Myers, Senior Director Joshua Jandris and Associate Director Charles Hilding, […]
Industry Pulse: Some Markets Continue to See Needs for New Beds
Acute care hospital construction is booming in Las Vegas and parts of southern Nevada Reports about dwindling demand for hospital beds nationwide is most likely an accurate prediction, but some parts of the country continue to see a need for new beds.
Industry Pulse: Real Estate Boosts Steward Rebound
Real estate, technology and an ACO help system save big When Cerebus Capital Management formed Steward Health Care in 2010 to acquire six hospitals that were part of Caritas Christi Health Care, four of the facilities were suffering significant losses. Although Boston-based Steward faced financial difficulties, it has invested more than $850 million into facilities, […]
Industry Pulse: On the Record – Barry Weinbaum
Will there be many multi-tenant MOBs developed in the years to come? “I think the multi-tenant building is pretty much a dinosaur… We did a building two years ago for a Tenet hospital in Los Alamitos, which is probably going to be our last multi-tenant building… I think it will be replaced by hybrid buildings […]