Post-Acute & Senior Living: Meta Housing Corp. breaks ground for $26 million, 60-unit senior community in Hayward, Calif.
HAYWARD, Calif. – Los Angeles-based Meta Housing Corp. recently broke ground for the $26 million, 60-unit Downtown Hayward Senior Apartments, reports The Registry, a local real estate publication.
Post-Acute & Senior Living: Kingswood CCRC in Kansas City, Mo., undergoing $34.7 million redesign and expansion
KANSAS CITY, Mo. – Officials of Kingswood Senior Living Community recently announced plans to break ground on a $34.7 million redesign and expansion of their CCRC in Kansas City.
Publisher’s Letter: Let’s put the VA’s epic cost overrun in perspective
Dear Reader: Even amounts measured in billions have lost their power to impress. Governments and big businesses routinely deal in billions. A recent Powerball lottery jackpot hit $1.6 billion. You probably know that there are 7.4 billion people living on earth, or that the planet is believed to be about 4.5 billion years old. That’s […]
Post-Acute & Senior Living: San Diego approves $150M CCRC
The Glen at Scripps Ranch addresses “top-priority” senior housing need By Erin E. Porter A $150 million, 53-acre continuing care retirement community (CCRC) unanimously approved by the San Diego City Council will address a top priority need to provide senior housing within the Scripps Miramar Ranch community, the developer say.
Industry Pulse: VA Plans No Further Action In Colorado
Those deemed responsible have already been reassigned Noting that the executives responsible for the delays and cost overruns at its Aurora, Colo., replacement hospital campus have already left their positions, the U.S. Department of Veterans Affairs (VA) recently announced that “no additional adverse personnel actions will be taken.”
Industry Pulse: Site Neutrality Among Top HRE Trends for 2016
Duke Realty also expects more construction and more consolidation, among other things The five biggest healthcare real estate (HRE) trends this year are increasing construction, ongoing consolidation, site neutrality, continued design innovation and a renewed focus on property management. That’s according to a new white paper from Keith Konkoli of Duke Realty (NYSE: DRE).
Capital Markets: Manage your loan’s interest rate risk
There are ways borrowers can protect themselves from potential rate increases By Erik Tellefson For a relatively stabilized asset class like medical office buildings (MOBs) – where the primary increase in cash flow is often via rental escalators – it is important to be able to manage interest rate risk while still being able to […]
Post-Acute & Senior Living: Kisco plans to November opening for $30 million, 84-unit community in West Oahu, Hawaii
WEST OAHU, Hawaii – Carlsbad, Calif.-based Kisco Senior Living plans to open the $30 million, three-story, 84-unit Ilima senior living community on 3.8 acres in West Oahu in November, according to a recent report in Pacific Business News.
Industry Pulse: On the Record – Scott D. Peters
Unlike some REITs, HTA plans to be a net buyer of HRE in 2016. Why? “The tailwinds in the MOB space continues to be strong. The Affordable Care Act continues to bring people into the healthcare system. The U.S. continues to grow older with over 55 million additional individuals turning 65 over the next five […]
REIT Report: SEC declares CNL IPO effective
Healthcare and senior living REIT registered up to $2 billion in common stock By Connie M. McCaffrey CNL Healthcare Properties II Inc., which is headquartered in Orlando, Fla., announced that its registration statement regarding an initial public offering of up to $2 billion in common stock was declared effective by the U.S. Securities and Exchange […]
Companies & People: Plaza Companies brokerage team racks up $56 million in new sales, leases in 2015
PEORIA, Ariz. – Plaza Companies’ brokerage services team recorded a total of $39 million in new lease deals from 111 new and renewed leases totaling 290,698 square feet and sales worth$16 million in 2015, according to a news release from the Peoria-based healthcare real estate (HRE) firm.
Companies & People: Nathan Golik joins NexCore Group as managing director for business development
DENVER – NexCore Group announced March 8 that it has hired Nathan Golik as managing director for business development. Mr. Golik will head the Dallas office of the Denver-based healthcare real estate (HRE) development firm.
Companies & People: HFF brokered Welltower-CPPIB’s $569 million acquisition of the Aston Gardens portfolio
DALLAS – HREI™ has learned that the broker for the recent $569 million Aston Gardens senior housing portfolio acquisition was Holliday Fenoglio Fowler LP (HFF).
Companies & People: Hammond Hanlon Camp advised Rizk Ventures Columbia on JV and first hospital acquisition
NEW YORK – HREI™ has learned that Hammond Hanlon Camp LLC (H2C) was the exclusive financial advisor for a venture involving the acquisition of hospital assets in Colombia, South America.
Companies & People: H2C advises on the sale of Saint Clare’s Health System to Prime Healthcare Services
NEW YORK – In other H2C news, the firm announced March 24 that it served as exclusive advisor to Saint Clare’s Health System, previously sponsored by Catholic Health Initiatives (CHI), in its sale to Prime Healthcare Services, a national for-profit healthcare system based in Ontario, Calif.
