Industry Pulse: Complex HRE Deal Closed In Boston’s South End
Healthcare and non-healthcare assets, plus a parking ramp and land are part of the deal In what some participants are calling one of the most complex healthcare real estate (HRE) deals in Boston’s history, Washington, D.C.-based Multi-Employer Property Trust (MEPT) recently teamed up with a joint venture (JV) partner, Boston-based Leggat McCall Properties, to acquire […]
Industry Pulse: G-A REIT II Completes Northstar Merger
$4 billion deal included 289 assets in 32 states and the U.K. American Healthcare Investors and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT II, announced Dec. 3 that they had completed a previously announced merger between Griffin-American and NorthStar Realty Finance Corp. NorthStar acquired all of the outstanding shares of Griffin-American in […]
Editor’s Letter: Sure, they’re big, but… Public REITs still own less than 10% of the market
Dear Reader: This month’s cover story focuses on publicly traded healthcare real estate investment trusts (REITs), and how the REIT sector has changed and grown in recent years. That got me wondering just how much the public REITs really have grown. So I dug into the National Association of Real Estate Investment Trusts (NAREITs) archives […]
Post-Acute & Senior Living: Big Rock bringing luxury to Florida
A new $60 million CCRC is coming to Celebration, Fla. to meet rising demand By Daniel H. Larson With years of healthcare real estate experience, Big Rock Partners LLC Senior Managing Principal Richard Ackerman knows how to stay on top of industry trends. The real estate executive even teaches a class on commercial real estate […]
Post-Acute & Senior Living: NHI acquires eight properties in South Atlantic for $476 million
MURFREESBORO, Tenn. – National Health Investors (NYSE: NHI) recently announced its acquisition of eight senior housing communities in four states for $476 million. The Murfreesboro, Tenn.-based real estate investment trust (REIT) plans to enter a 15-year master lease with Senior Living Communities, LLC (SLC) of Charlotte, N.C., for the properties.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Evans Senior Investments recently brokered the sale of Legacy Village of Layton to an undisclosed non-traded REIT for $68 million. The Class A property, which opened in 2010, sits just north of Salt Lake City and features 108 independent living units, 74 assisted living units, 24 memory care units and 40 skilled nursing and […]
REIT Report: HTA says aloha to 2014 in style
Public healthcare REIT makes first purchases in Hawaii, invested $440M last year By John B. Mugford Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) recently made its first purchases in the Aloha State, acquiring two medical office buildings (MOBs) in separate transactions on the island of Oahu for a total of $47.3 million. The […]
Capital Markets: Medical office building single assets versus MOB portfolios
An aggregation strategy can add diversification that is often accretive By Erik Tellefson Medical office buildings (MOBs), likely more so than many healthcare real estate assets, are often a single-asset real estate class. MOBs are often sold, purchased and financed as single assets, with the ultimate aggregation strategy goal of the purchaser being to put […]
Companies & People: 5 questions for Vince Cozzi
Former Ventas exec shares insight into his new job with large Canadian REIT By John B. Mugford The mid- to late-2000s was a boom time for the country’s medical office building (MOB) sector, a time when real estate investors of various sizes and types started to become interested in, and spend lots of money on, […]
Companies & People: MPT ventures overseas for HRE purchase, landing properties in Germany
GERMANY – With pricing for healthcare real estate properties of all kinds continuing to escalate in the United States, some large investors are looking overseas for deals to complement their domestic portfolios and activity. One such investor is Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), which recently entered definitive agreements to acquire and lease […]
Companies & People: Realty Trust Group lands contract with Greensboro, N.C.-based Cone Health
GREENSBORO, N.C. – Knoxville-based Realty Trust Group (RTG) was recently awarded a multi-year contract by Greensboro, N.C.-based Cone Health to provide strategic planning, leasing and other advisory services for the system’s real estate portfolio.
Companies & People: More Companies & People News
■ Shawn A. Janus recently joined San Diego-based Pacific Medical Buildings (PMB), a well-known healthcare facilities developer, owner and manager. Mr. Janus joins PMB as a senior VP for healthcare development and acquisitions. With more than 30 years of experience in commercial real estate, Mr. Janus’ area of expertise in healthcare includes development, acquisition, and […]
Archives: November 2014
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Cover Story: Black Friday for healthcare? How retail clinics are influencing real estate strategies
By Murray W. Wolf CVS is aggressively opening new MinuteClinics nationwide. Walgreens Healthcare Clinics have moved beyond low-level primary care into disease management. Target recently announced a retail clinic partnership with Kaiser Permanente – Kaiser’s first. And Walmart just opened several new retail clinics with an “everyday low price” of $40 per visit – or […]