Post-Acute & Senior Living: TriHealth to consolidate rehab services and staff into new Cincinnati hospital
CINCINNATI – TriHealth, one of the largest integrated health systems in Greater Cincinnati, announced that it will be working with joint venture (JV) partner Pennsylvania-based Select Medical, a provider of specialized acute and post-acute care, to develop a $17 million building that will house a new TriHealth Rehabilitation Hospital. TriHealth will occupy 60,000 square feet […]
Post-Acute & Senior Living: Nebraska housing developer and contractor to build senior rental complex in Ohio
HILLIARD, Ohio – Lincoln, Neb.-based sister companies Resort Lifestyles Communities Inc. and Cameron General Contractors Inc. are developing a $27.3 million, 174,500 square foot independent living apartment complex at 4160 Trueman Blvd. in Hilliard, about 12 miles northwest of Columbus, Ohio. This is the first time the Nebraska companies, which build, own and manage independent […]
Post-Acute & Senior Living: Presbyterian Homes to develop senior community and clinic in Hudson
HUDSON, Wis. – Presbyterian Homes & Services, a Roseville, Minn.-based non-profit, faith-based housing developer, announced that it will develop a 160-unit senior housing and assisted living community and a clinic adjacent to the Hudson Hospital campus near Interstate 94 in Hudson. The cost for the project is estimated at $40 million to $42 million. Presbyterian, […]
Industry Pulse: BOMA MOB Conference Crowd Grew Nearly 31%
Nashville, Tenn., event attracted 1,000-plus Back in the early 2000s, people involved in healthcare real estate might’ve asked each other, “Are you going to BOMA’s MOB conference this year?” These days, the conference has become so familiar in the healthcare real estate (HRE) sector that is has simply referred to as “BOMA.” That’s because as […]
Companies & People: He’s helped raise HRE to new heights
Jonathan L. Winer receives BOMA’s first Outstanding Contribution Award By John B. Mugford For the most part, the healthcare real estate (HRE) sector is less than two decades old, a relatively new asset class that in recent years has become the darling of a growing list of investors both large and small. Because of its […]
Companies & People: Caddis brings Jason Hinkel on board
Development executive to boost company’s presence in Southeast United States By John B. Mugford As Dallas-based Caddis Partners LLC started landing more business in and around Atlanta in recent years, the company that’s well known for developing and owning properties in Texas and the Southwest found itself building up quite a nice collection of owned […]
Companies & People: Steven Leathers joins Jones Lang
Former ARC Healthcare Trust executive join’s JLL’s Capital Markets group By Murray W. Wolf Steven T. “Steve” Leathers has switched from acquirer to advisor. Mr. Leathers, who became a familiar face in healthcare real estate (HRE) circles in recent years through his work spearheading acquisitions for asset-hungry upstart American Realty Capital (ARC) Healthcare Trust Inc., […]
News Release: Changing Tides: More Markets and Investors in the Medical Office Portfolio Mix
Demand remains robust as private REITs and private equity join the hunt for portfolios BOSTON, April 28, 2014 – Healthcare in the United States is changing on many fronts – from the Affordable Care Act to a growing and increasingly aging population – and the shift isn’t isolated to care and coverage. The commercial healthcare […]
News Release: Lillibridge and Ventas playing major roles at 2014 BOMA MOB conference
In addition to serving as a Diamond Sponsor, the leading national healthcare real estate firms are sponsoring the popular Roundtable Discussions, and have three expert speakers and panelists on the agenda CHICAGO and NASHVILLE, Tenn., April 30, 2014 – Lillibridge Healthcare Services Inc., the largest owner and manager of medical office buildings (MOBs) in the […]
Outpatient Projects: Kelsey-Sebold Clinic starts work on new MOB in Houston suburb of Clear Lake, Texas
CLEAR LAKE, Texas – Kelsey-Seybold Clinic of Houston has begun construction on a new MOB in the suburb of Clear Lake to meet increasing demand and improve the patient experience. The new building will consolidate the well-known clinic’s physicians and services from two local buildings into one.
Industry Pulse: New entrants will disrupt healthcare
$2.8 trillion That’s the size of the U.S. healthcare system, and the potential of the “New Health Economy” will be even greater, says a new report from the consulting company PricewaterhouseCoopers LLP (pwc). That’s the good news. The not so good news – at least for some current hospitals and physicians – is
Archives: April 2014
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Cover Story: Forecasting the future
Industry experts discuss the outlook for the healthcare real estate sector By John Mugford To say that healthcare real estate has come a long way in recent years would be a bit of an understatement. All one has to do to illustrate such a point is to peruse the list of sector investor types – […]
Transactions: Another value-add MOB for N.Y. firm
Benedict Group plans to convert 47% occupied building to all medical space By John B. Mugford Fresh off successfully filling a large amount space in its first medical office acquisition, a Great Neck, N.Y.-based real estate firm is ready to take on another value-add project. The firm, Benedict Realty Group (BRG), recently acquired
