Companies: New REIT targeting MOBs, healthcare
ARC LAUNCHES WITH $1.5B STOCK OFFERING; HIRES DASCO, GRUBB VETERANS By Dan Emerson Add another healthcare real estate investment trust (REIT) to the mix of investors interested in acquiring medical office buildings (MOBs) and other healthcare real estate facilities. The newest healthcare REIT is New York-based American Realty Capital Healthcare Trust, which recently rolled out […]
Companies: Inside the Lend Lease DASCO deal
ACQUISITION GIVES DEVELOPER MORE RESOURCES, COMPANY PRESIDENT SAYS By John Mugford It’s probably not news to anyone involved in the healthcare industry that hospitals and health systems are consolidating, and could continue to consolidate, at a fast clip. The trend is being driven by the fact that hospitals need to become as cost-efficient as possible […]
INPATIENT PROJECTS: U of Tennessee to add cancer institute
NEW FACILITY IN KNOXVILLE WOULD BE LARGEST IN REGION, HOSPITAL EXECS SAY By Dan Emerson A mid-year ground breaking is set for a new $20 million cancer institute on the campus of University of Tennessee Medical Center in Knoxville, Tenn. The new facility would have at least 100,000 square feet of space, making it the […]
Outpatient Projects: Duke Realty to develop N.C. med park
THREE-STORY, 90,000 S.F. FACILITY IS BEING ADDED TO WAKEMED’S MAIN CAMPUS By Dan Emerson Indianapolis-based Duke Realty Corp. (NYSE: DRE), the largest owner of office and industrial space in the Triangle area of North Carolina, plans to add to its portfolio with a new medical park on the main campus of WakeMed Health and Hospitals, […]
Transcations: Medical Properties Trust makes buys
REIT THAT FOCUSES ON HOSPITALS BUYS N.J. ACUTE CARE FACILITY, TEXAS LTAC By John Mugford Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), a publicly traded real estate investment trust (REIT), recently paid more than $80 million to acquire the real estate assets of an acute care hospital in New Jersey and a long-term acute […]
Capital Markets Snapshot: Interest rates likely to rise sharply
BUT ANOTHER CRASH IS UNLIKELY, AS MOST BORROWINGS ARE WELL-STRUCTURED By Cain Brothers The capital markets are in an interesting but fragile equilibrium that is likely to experience a significant shift in the near future. The markets achieved stability after the tumult of 2008-09, but that stability resulted from aggressive intervention by central banks, which […]
Q & A: Thought leaders needed
PROVIDERS NEED GOOD ADVICE, ‘P.J.’ CAMP SAYS By John Mugford As far as Philip J. “P.J.” Camp is concerned, the healthcare industry’s delivery model is the process of taking on a whole new look, and it will continue to evolve in the era of reform, employed physicians, mergers and acquisitions (M&As), accountable care organizations (ACOs), […]
Special Report: Self-referrals in spotlight
LEGAL CHANGES ARE AFFECTING HEALTH PROPERTIES By Murray W. Wolf Healthcare real estate firms could see more third-party development and investment opportunities, as well as growing demand for real estate advisory, leasing and property management services, thanks to recent changes associated with the laws affecting physician self-referrals. Conversely, however, they might see fewer opportunities if […]
Industry Pulse: March 2011
HOUSTON – As various aspects of healthcare reform are implemented in coming years, healthcare industry observers say we should be prepared for more and more merger and acquisition (M&A) activity among hospitals and health systems. On the surface, it looks as if this trend is coming to fruition in Houston, where Franklin, Tenn.-based IASIS Healthcare, […]
Publisher’s Letter: MOB defies recession
PROJECT SHOWS THE STENGTH OF THIS SECTOR By, Murray W. Wolf, Publisher Dear Reader: Those of you who have been reading these letters for the past eight years or so have been subjected to periodic updates on the Wolf clan, our misadventures in healthcare – and my reaction from a real estate perspective to our […]
Special Report: Jump on board for the slow recovery
TODD LILLIBRIDGE PROVIDES ADVICE FOR THOSE LOOKING TO SURVIVE, GROW By John Mugford There has been plenty of talk lately about how healthcare real estate professionals and companies, if they want to survive and perhaps thrive, need to expand their knowledge base and become trusted advisors and resources for hospitals and health systems. In the […]
Provider News: Sutter’s bond issue to fund upgrades
CALIFORNIA SYSTEM RETURNS TO BOND MARKET FOR FIRST TIME SINCE 2008 By Dan Emerson Encouraged by the improving economy, Sutter Health recently returned to the bond market for the first time since 2008 with a $900 million tax-exempt revenue bond issue. The 24-hospital system plans to use about $750 million to upgrade three of its […]
Inpatient Projects: Hospital at The Vintage is unveiled
ST. LUKE’S PARTNERED WITH HAMMES CO. FOR FACILITY IN NORTHWEST HOUSTON By Dan Emerson A new hospital opened recently in a large planned, mixed-use community in northwest Houston. The new hospital, St. Luke’s Hospital at The Vintage, is a 106-bed, four-story, 224,414 square foot facility. It marks the fifth collaboration since 2000 between Houston-based St. […]
Outpatient Projects: Big box store to be converted to MOB
TEXAS HEALTH RESOURCES TO OCCUPY FORMER TOYS R US SPACE IN DALLAS. By Dan Emerson The realtors who partnered to redevelop a troubled shopping center in Nashville, Tenn., into a successful retail and healthcare complex hope to repeat their success on a smaller scale in North Dallas. Dallas-based developers Corinth Properties and ATR & Associates, […]
Transactions: Duke Realty buys large Charlotte MOB
REIT PAYS $47.7 MILLION FOR MOB ATTACHED TO CAROLINAS MEDICAL CENTER By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) recently entered the Charlotte, N.C., market with the acquisition of a large medical office (MOB) building. The publicly traded real estate investment trust (REIT) acquired the 190,773 square foot Morehead Medical Plaza I for $47.7 […]