Post-Acute & Senior Living: Mainstreet Health Investments pays $152 million for properties in U.S., Canada
TORONTO – Toronto-based Mainstreet Health Investments (MHI), the investment arm of Carmel, Ind.-based Mainstreet, continues to grow its senior portfolio, as it recently acquired seven senior communities with 739 beds and five developable parcels in the United States and Canada for $152 million.
Industry Pulse: HRE Market Likely to Keep Expanding
Economist upbeat about the economy and the HRE market Noted economist Dr. Glenn R. Mueller delivered a positive message during the opening keynote presentation at the Revista Medical Real Estate Investment Forum in Broomfield, Colo., Oct. 4-5.
Industry Pulse: On the Record – David Emery
What is the intent and impact of site-neutral Medicare payments?
REIT Report: MPT making big deal with Steward
Publicly traded REIT to buy nine hospitals from for-profit system for $1.2 billion By John B. Mugford If all goes according to plan, Boston-based Steward Health Care System LLC, which has been focused on eastern Massachusetts, can start expanding its “community-based care” model to a national platform.
Post-Acute & Senior Living: Long-time Southeast Mich. homebuilder entering senior housing sector in a big way
AUBURN HILLS, Mich. – Auburn Hills-based Moceri Cos. has been in the homebuilding business in southeast Michigan for 60 years.
Post-Acute & Senior Living: Historic Ill. hospital gets new life
Chicago developer taps into state incentives to convert building to 60 units By John B. Mugford A vacant, Art Deco-style hospital building in the Chicago suburb of Aurora, Ill., saw its last days as an inpatient facility many years ago.
Industry Pulse: On the Record – Mervyn Alphonso
How are health system real estate strategies changing?
Industry Pulse: Koch Cash Aiding Two NYC Cancer Centers
Koch Industries exec gives to two large outpatient facilities Time for quick construction updates on what will undoubtedly be two of the largest, and certainly two of the most expensive, outpatient facilities ever built in this country.
Companies & People: Ryan Cos. US executives are hoping to raise $60 million for healthcare real estate fund
MINNEAPOLIS – Executives with Minneapolis-based Ryan Companies US Inc., which has a relatively new healthcare division, are seeking to raise $60 million in equity for the new Ryan Healthcare Real Estate Fund I LLC.
Companies & People: Stream Realty Partners hires John Huff to lead its new healthcare real estate platform
DALLAS – Stream Realty Partners, which operates more than 130 million square feet of industrial, office, retail and multifamily space, recently named John Huff as the managing director of its new healthcare real estate division in the Dallas-Fort Worth market.
Companies & People: David Chung hired to oversee West Coast healthcare real estate development for Duke Realty
INDIANAPOLIS – David Chung recently joined Duke Realty as VP of development, healthcare. In his new role, Mr. Chung oversees all phases of development, including client solicitation and business development, planning, budgeting, design and construction, on the West Coast.
Companies & People: Ventas closes on $1.5 billion purchase of 25-property, 4.5 million square foot Wexford portfolio
CHICAGO – Ventas Inc. (NYSE: VTR) recently completed its $1.5 billion acquisition of the Wexford Science & Technology portfolio of life science and medical properties from affiliates of Blackstone Real Estate Partners VIII LP.
Companies & People: New members, returnees join board
Magazine’s Editorial Advisory Board bolsters its reach within HRE sector By Murray W. Wolf Two new members have been added to the Healthcare Real Estate Insights™ Editorial Advisory Board (EAB), which comprises industry leaders who are active in healthcare real estate (HRE) development, financing, investment, advisory services, consulting, brokerage, property management and law, as well […]
Companies & People: Skanska USA lands contract for early work at U of Virginia Hospital project
CHARLOTTESVILLE, Va. – New York-based Skanska USA is performing early site work, relocating utilities and installing building foundations at the University of Virginia’s hospital in Charlottesville.
Companies & People: First building of planned four-building medical park opens in Lithia, Fla., east of Tampa, Fla.
LITHIA, Fla. – The 22,600 square foot first building of FishHawk HealthPark has opened in Lithia, about 20 miles east of Tampa, Fla. Tenants include Pediatric Health Care Alliance and BayCare Medical Group.