Transactions: Canadian senior living company doubles U.S. portfolio with $141.7M buy
TORONTO – A Canadian real estate investment trust (REIT) has more than doubled its portfolio of U.S. senior housing and care properties with a $141.7 million acquisition of 13 assets in three states. Toronto-based HealthLease Properties REIT (Toronto: HLP.UN) has closed on the acquisition of 10 properties in North Carolina, two in Pennsylvania and one […]
Transactions: More HRE Transactions
■ The Sanders Trust (TST) recently acquired a 40-bed inpatient rehabilitation hospital in Mishawaka, Ind. Birmingham, Ala.-based TST paid $17 million for the 46,000 square foot facility, home of the Saint Joseph Rehabilitation Institute on the Elm Road Medical Campus in Mishawaka, just outside of South Bend. The facility provides services to patients of the […]
Archives: 2003-2013
Paid subscribers can access the HREI™ and HREI™ Resource Guide Archives™ back to January 2003.
Join HREInsights.com ‘live’ from BOMA
The folks at the Building Owners and Managers Association International (BOMA) tell us they are expecting record crowds for their annual Medical Office Buildings (MOBs) and Healthcare Facilities Conference. But even if you cannot attend, you can still be part of the excitement next month by visiting HREInsights.com. HREI™ will be filing periodic reports from […]
Cover Story: Creative MOB leasing
Landlords are filling space with everything from telemedicine to optical shops By Murray W. Wolf The consolidation of the healthcare industry has many medical office building (MOB) owners concerned – perhaps rightfully so. Mergers and acquisitions (M&As) among hospitals and health systems, as well as acquisitions of physician groups, are having an impact on real estate […]
April 2013 PDF
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Editor’s Letter: Postcard from San Fran
BOMA’s MOB conference has become the standard Dear Reader: As you read this edition of Healthcare Real Estate Insights™, the chances are good that you’re doing so in San Francisco while attending the 2013 BOMA International Medical Office Buildings & Healthcare Facilities Conference. If that’s not the case, wish you were here. The fact is, […]
Archives: March 2013
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Industry Pulse: SANFORD HEALTH: COMING TO A MARKET NEAR YOU?
Haven’t heard of Sanford Health? You will. The fast-growing healthcare system wants to expand beyond its rural roots to urban areas. From one hospital in Sioux Falls, S.D., in 2004, Sanford has grown to become the nation’s largest rural, not-for-profit provider, with locations in 126 communities in eight states. Fueled by credit card mogul T. […]
Industry Pulse: Lines blur between inpatient, outpatient
As outpatient facilities become such a major focus of the country’s healthcare delivery model, perhaps it will become more and more difficult to distinguish between inpatient hospitals and certain outpatient facilities, such as surgery centers. In a growing area southeast of Jacksonville, Fla., St. Vincent’s HealthCare is planning to open a new hospital in October […]
Industry Pulse: Survey details largest senior living operators
Holiday Retirement Corp., Emeritus Corp. (NYSE: ESC) and Merrill Gardens LLC top a new survey of the nation’s largest senior living providers. Many of the healthcare real estate investment trusts (REITs) and other investors that own medical office buildings (MOBs) also own senior living facilities. That means many senior living firms are tenants or prospective […]
Publisher’s Letter: Visit HREInsights.com
HREI™ unveils redesigned, vastly expanded website Dear Reader: It’s been an extremely busy several months here at Healthcare Real Estate Insights™. In January, we celebrated 10 years of publishing with the unveiling of the “new and improved” HREI™ monthly magazine. Next, we wrapped up several months of work with the publication of our sixth annual […]
Industry Pulse: $2 billion project being reviewed in San Francisco
California Pacific Medical Center’s titanic building program looks to be back on course after the health system and its parent company, Sacramento, Calif.-based Sutter Health, reached a compromise with the San Francisco Board of Supervisors. After months of contentious negotiations, the compromise calls for CPMC to move forward with a scaled-down version – at 274 […]
Capital Markets: Are we at an inflection point?
A big increase in deals isn’t expected, but volumes tend to spike at such times A shift in the focus of the capital markets is beginning to occur, with an increasing level of discussion about the risks of rising interest rates. While most people do not expect a sharp increase in rates, two key drivers […]
Hot Property: An opportunity grows in Brooklyn
Name: One Hanson Place Number of Medical Suites: 9 Location: 1 Hanson Place, Brooklyn, N.Y. Size: 12,396 square feet (nine suites) Asking Price: $7.975 million Price Per Square Foot: $643.35 Cap Rate: 8.01% Occupancy: 100% Avg. remaining lease term: 5 years Building Completed: 1927 Seller: Noyack Medical Partners LLC Tenants: Dentists, oral surgeons, urologist, pediatrics […]