Post-Acute & Senior Living: More Senior Living News
Virginia-based senior housing developer Smith/Packett Med-Com LLC is planning to build a 102-unit, 90,000 square foot assisted living community on the corner of Victory Boulevard and Hampton Highway in Tabb, Va. This would be the first assisted living community in the county. The community will feature activity rooms, a commercial kitchen, dining room, a pub […]
Post-Acute & Senior Living: Balfour breaks ground for $74 million senior living community in Denver
DENVER – Louisville, Colo.-based Balfour Senior Living announced that it has broken ground on the $74 million, 275,000 square foot Balfour at Riverfront Park at 15th and Little Raven streets in downtown Denver. The independent living, assisting living and memory care community will be adjacent to the historic Moffat Train Depot, which will be incorporated […]
Post-Acute & Senior Living: Buckner goes big in North Dallas
$108 million, two-building, 12-story, 314-unit Ventana project to open by 2018 By Connie M. McCaffrey The Buckner Retirement Services unit of Buckner International, a global faith-based ministry that serves vulnerable children, senior adults and families, announced plans March 28 for Ventana by Buckner, a 314-apartment senior living community in North Dallas. Financial details were not […]
Post-Acute & Senior Living: The LaSalle Group breaks ground for two Texas senior living communities
GEORGETOWN and AUSTIN, Texas – Irving, Texas-based The LaSalle Group, which designs, develops and builds Autumn Leaves senior communities, recently broke ground for new communities in Georgetown and Austin. In Georgetown, The LaSalle group broke ground for Autumn Leaves of Georgetown at 3600 Williams Drive. The 26,000 square foot, $10.3 million community will provide expert […]
REIT Report: Some speculate about HCP merger
Analysts point to a dearth of deal making, the CEO’s firing and a ‘cheap’ stock By Murray W. Wolf Should HCP Inc. (NYSE: HCP) merge with one of the other Big Three healthcare real estate investment trusts (REITs), Ventas Inc. (VTR) or Healthcare Care REIT Inc. (NYSE: HCN)? A growing number of securities analysts seem […]
Post-Acute & Senior Living: National Health Investors pumps $42 million into Prestige senior facilities
MURFREESBORO, Tenn. – National Health Investors Inc. (NYSE: NHI), a healthcare REIT, announced a $42 million sale-leaseback arrangement with Vancouver, Wash.-based Prestige Senior Living, which operates senior communities throughout the western United States.
Post-Acute & Senior Living: Senior living community, new homes planned for Centerville, Ohio
CENTERVILLE, Ohio – A new senior living community will be built on a 65-acre tract of land along Social Row Road between Sheehan and Paragon roads in Centerville. Sixty-five to 75 single-family homes also will be built on the land for a total project cost of $60 million. The main senior living complex, which will […]
Post-Acute & Senior Living: Senior housing posted occupancy gains during first quarter, NIC says
ANNAPOLIS, Md. – The average occupancy rate for senior housing facilities in the first quarter (Q1) of 2014 was 89.8 percent, an increase of 0.1 percentage points from the previous quarter and a 0.8 percentage point increase over last year. That’s according to the National Investment Center for the Seniors Housing & Care Industry (NIC), […]
Post-Acute & Senior Living: NorthStar to acquire $1.05B healthcare portfolio from Formation Capital, Safanad
NEW YORK – NorthStar Realty Finance Corp. (NYSE: NRF) announced March 17 that it has agreed to acquire a $1.05 billion healthcare real estate (HRE) portfolio from investment partnerships owned and managed by Formation Capital LLC or its affiliates and Safanad Ltd. The portfolio includes 43 primarily private-pay senior housing facilities and 37 skilled nursing […]
Publisher’s Letter: MOB demand unlikely to decrease anytime soon
I’ve been everywhere, man. Next: Nashville, Tenn. Dear Reader: After a brief pause in late 2013 and early this year, the healthcare real estate (HRE) conference schedule has once again shifted into high gear. So far in 2014, Healthcare Real Estate InsightsTM has participated in four HRE conferences, taking us to Boca Raton, Fla.; Los […]
Companies & People: NIC seeks antidote for anecdotes
Association adds chief economist to reduce sector’s reliance on assumptions By Murray W. Wolf In the absence of hard data about the U.S. economy’s impact on senior housing, decision makers in the sector must often rely on assumptions. For example, most senior living operators and real estate professionals assume that periods of weak single-family home […]
Companies & People: First MOB database to be launched
Revista, whose principals were formerly with NIC, plan to provide detailed data By John B. Mugford For years, healthcare real estate professionals have been asking where they can find a complete listing of each and every medical office building (MOB) in the country. Some say such an all-encompassing list does not exist, while others say […]
Companies & People: More HRE Company News
Fairfield Asset Advisors, a real estate advisory firm focused on healthcare, recently facilitated the refinancing of an MOB in Henderson, Nev., a suburb of Las Vegas. The building, the Coronado Medical Office Building, is at 2779 West Horizon Ridge Parkway, which is in close proximity to St. Rose Medical Center. The 40,000 square foot facility […]
Companies & People: JLL Healthcare Solutions lands assignment from 1,385-bed Main Line Health
PHILADELPHIA —Main Line Health (MLH) in Philadelphia has engaged Chicago-based Jones Lang LaSalle’s Healthcare Solutions group to oversee and enhance the system’s maintenance and engineering functions with a goal of increasing economic efficiencies, performance improvements and operational advantages. According to officials with Jones Lang LaSalle (NYSE: JLL), Main Line Health joins a growing number of […]
News Release: HSA PrimeCare Completes Development of Franciscan St. Anthony Health’s Outpatient Clinic in Lowell, Ind.
CHICAGO (April 22, 2014) — John Wilson, president of HSA PrimeCare, the national health care real estate division of Chicago-based HSA Commercial Real Estate, announced today that the firm has finished construction of the Lowell Health Center, a 12,000-square-foot outpatient clinic occupied by Franciscan St. Anthony Health – Crown Point. Located at 4500 West 181st […]