Transactions: ARC Healthcare closes strong in 2012
Unlisted REIT makes six buys in December, wrapping up a busy fourth quarter By John B. Mugford As 2012 came to a close, all indications – as well as the words of medical office buildings (MOB) sales brokers and investors – were pointing to a strong fourth quarter (Q4) for the nationwide sales volume of […]
HOK HAS A NEW ANGLE ON HOSPITAL ROOM DESIGN
The parallelogram might be the hot new shape in the design of safe, efficient hospital rooms. When designing patient rooms, architects know that putting washrooms close to beds is a must. That shortens the distance patients must walk to use the facilities, reducing the risk of falls. The trouble is, that also tends to at […]
THE ISLANDS ARE CALLING
We don’t normally report on healthcare real estate developments taking place in foreign countries. However, a partnership of a hospital company from India and St. Louis-based Ascension Health Alliance, the for-profit venture of not-for-profit St. Louis-based Ascension Health, continues to make progress on the construction of its interesting and eventually massive “health city” in the […]
Industry Pulse: 40%
That’s the percentage of medical office buildings (MOBs) acquired by publicly listed REITs in 2012, based on total sales volume and preliminary data from Real Capital Analytics (RCA) Inc.
‘THE STREET’ SAYS HEALTHCARE REITS ARE THE REAL DEAL
Most people involved in healthcare real estate believe the sector will be strong in 2013, both in terms of sales, development, net operating income (NOI) and returns. A well-known investment website, The Street, which includes among its contributors Jim Cramer of Mad Money, agrees. For its readers to profit from the predicted strong year ahead […]
Capital Markets: Uncertainty ebbs with Obama’s reelection
Activity likely to increase now that fate of healthcare reform is largely resolved The capital markets continue to reflect the combined efforts of most major central banks to depress interest rates to promote more rapid economic growth and (hopefully) higher employment. The U.S. Federal Reserve’s efforts are meant to seek price stability and full employment, […]
HEALTHCARE’S OTHER ‘RETAIL STRATEGY’
Much has been said recently about creating a “retail strategy.” But most of those discussions have been focused on the idea of putting healthcare services in retail locations. What about the much older strategy of putting retail services in healthcare facilities? That idea is still alive and well – and is perhaps more important than […]
Publisher’s Letter: Say ‘goodbye’ to HREI™
AND SAY ‘HELLO’ TO A ‘NEW AND IMPROVED’ HREI™ By Murray W. Wolf Dear Reader: OK. I’ll admit it. The headline above was intended to raise an eyebrow. Relax. HREI™ is not saying goodbye. God willing, we will continue for many years to put all the latest and most important healthcare real estate news and […]
Q & A: Seavest Healthcare as active as ever
PRESIDENT DOUG RAY DISCUSSES RECENT $332 MILLION SALE, FIRM’S STRATEGY By John Mugford Throughout the era in which the medical office building (MOB) sector has grown up and gained prominence as a significant asset class, White Plains, N.Y.-based Seavest Healthcare Properties has been involved as an investor in both the development and acquisition of such […]
Companies: Developer finishes third cancer center
OPTIMAL OUTCOMES OPENS 36,000 FACILITY IN TAMPA, FLA., FOR GROWING GROUP By John Mugford For St. Petersburg, Fla.-based Optimal Outcomes LLC, developing comprehensive cancers centers has become a strong niche among the services it offers. In fact, the healthcare development firm recently completed a new 36,000 square foot, $9.5 million cancer center in Tampa, Fla., […]
Company Profile: Archway making its way in MOB space
BEVERLY HILLS-BASED FIRM FINDING SUCCESS WITH VALUE-ADD OPPORTUNITIES By John Mugford Value-add. For many large and active investors looking to acquire medical office buildings these days, the description is often a red flag, a reason to look elsewhere as they scour the market for high-quality, on-campus facilities with stabilized tenant rosters. However, one company making […]
Inpatient Projects: After 4 years, Texas hospital on track
MEDISTAR CORP. PLANS TOP OPEN 174-BED FACILITY IN LATE 2013 NEAR HOUSTON By John Mugford All systems certainly seemed to be “go” back in 2007 when Medistar Corp. landed an operating partner for a new privately owned hospital it had planned for Webster, Texas, southeast of Houston. Everything remained on track after construction started and […]
Transactions: ProMed takes MOB space over hospital
INVESTOR PAYS $21.75M FOR LEASEHOLD INTEREST IN FOUR FLOORS IN BALTIMORE By John Mugford ProMed Properties, which has been an active buyer of medical office buildings (MOBs) in the eastern part of the country in recent years, has landed an acquisition in the Baltimore market. There, the North Miami Beach, Fla.-based wholly owned subsidiary of […]
Capital Markets Snapshot: Benchmark set for interest rate action
FED PLANS TO INCREASE RATES WHEN UNEMPLOYMENT FALLS TO 6.5 PERCENT By Cain Brothers The big news in the capital markets earlier this month was the announcement of further quantitative easing (QE) by the Fed. As Operation Twist, the selling of short-term Treasuries to buy longer-term bonds, has come to the end of its run, […]
Special Report: Cautious but committed
MOBs STILL IN HIGH DEMAND BY INVESTORS, LENDERS By Murray W. Wolf Medical office building (MOB) sales volume for this year seems destined for its highest level since at least 2008, as capital has continued to stampede toward what is one of the best-performing real estate asset classes. Yet, at the same time, equity investors […]