Editor’s Letter: Tidbits and topics
Miscellaneous news from around the HRE sector Dear Reader: We come across plenty of tidbits and hear about so many things taking place in the healthcare real estate (HRE) sector that it’s not always easy to include all of the information in each issue of Healthcare Real Estate InsightsTM. So this month I decided to […]
Industry Pulse: Development is on the Rise, Report Says
Medical office construction could rise 32 percent in 2013. That’s according to most recent Medical Office Research Report from Marcus & Millichap. The first half 2013 report from the commercial real estate firm estimates that 10.3 million square feet of medical office space will be delivered this year, up from 7.8 million square feet in […]
Industry Pulse: What does it take to succeed in today’s HRE environment?
What you want in healthcare, even as a provider, there are lots of independents out there. You’ve got to hire the very smartest people in this changing world, who can figure out how to make things work. But I think you’ve got to be smart, you’ve got to be […]
Industry Pulse: Hospital Moving Forward after Decade in Limbo
Trinity Medical Center showed its gratitude when it got the OK to complete and open an unfinished hospital in Birmingham, Ala. Photo courtesy of Trinity Medical Center It has been 10 years since work stopped on HealthSouth Corp.’s planned Digital Hospital. And it has more than four years since Trinity […]
Industry Pulse: CHI slashes facility spending
If it seems like many hospitals and health systems are spending less on facilities, it’s because they are. In a new article in HealthLeaders magazine, Nick Barto, senior VP for capital finance for Catholic Health Initiatives (CHI), states that the budget for routine replacement and facility repositioning and expansion accounts for 39 percent of the […]
Industry Pulse: Changing healthcare industry the focus of 2013 BOMA MOB conference
Fewer hospitals, telemedicine, big data, repurposing, urgent care and FEDs have been among the hot topics during the second day of the conference As the BOMA Medical Office Buildings (MOBs) and Healthcare Facilities Conference moves through its second day, some familar themes are beginning to emerge.During the morning General Session, “Culturing New Approaches: Innovations in […]
Industry Pulse: The BOMA MOB conference gets rolling
The 2013 BOMA Medical Office Buidings and Healthcare Facilities Conference is officially under way Registration opened at 1 p.m. today. Naturally, being a proud healthcare real estate (HRE) geek (and with Healthcare Real Estate Insights as a sponsor), I was among the first in line. And there was indeed a line. HRE professionals are passionate […]
Transactions: CNL said to be close to acquiring $54M portfolio in return to HRE market
ORLANDO, Fla. – Add another new – yet very familiar – name to the list of investors actively seeking MOBs. After selling several of its real estate investment trusts (REITs) during 2006-07, including one that owned healthcare facilities, Orlando-based CNL Financial Group launched a non-traded REIT in 2011 with a focus on acquiring senior housing […]
Industry Pulse: Sign of maturity: More MOB portfolio sales
Proliferation of portfolio sales indicates maturation of MOB sector Editor’s Note: This is an extended version of an article that appeared in the HREI print magazine In theory, as a real estate sector matures and grows, more and more investors with deep pockets become interested. And when large real estate investment trusts (REITs) and institutions […]
Industry Pulse: $500 million for Mayo? Not so fast, state says
There has been a surprising turn of events recently in Minnesota, the home of HREI™. But this story isn’t just a local one, as the subject is the world-renowned Mayo Clinic, an international destination healthcare provider in the same stratosphere as the likes of the Cleveland Clinic, MD Anderson Cancer Center in Houston and Johns […]
Industry Pulse: Now that’s what we call an appetizing retail strategy
We’ve heard plenty about healthcare in retail locations, and a little about retail in healthcare. We’ve also heard a lot about the need to place more emphasis on wellness and being accountable for patients throughout the entire continuum of care. So it was probably only a matter of time until a news item like this […]
Industry Pulse: 7.9%
That’s the national average medical office building (MOB) capitalization rate for all of 2012, according to real estate research firm Real Capital Analytics (RCA) Inc. That includes both on- and off-campus facilities, as well as MOBs of varying quality levels. Of course, it can be dangerous to generalize because a range of factors contribute to […]
Industry Pulse: $640m bio real estate merger could impact HRE
A proposed combination of BioMed Realty Trust and Wexford Science & Technology could affect HCP, HCN and perhaps others. The healthcare and bioscience real estate markets are largely independent. Both segments owe their fundamental existence to healthcare. But they include very different property types: mostly medical office buildings (MOBs) and senior living facilities in the […]
Industry Pulse: Healthcare REITs attracting attention
Ventas isn’t the only healthcare REIT in the spotlight recently. We noticed that several other denizens of the healthcare sector have been featured in recent editions of REIT: Real Estate Investment Today, the magazine of the National Association of Real Estate Investment Trusts Inc. (NAREIT). The cover story in the January/February edition was “Duke’s Transformative […]
Industry Pulse: Ventas says it might invest in hospitals
It’s not all that unusual for HRE investors to own hospitals. Typically, however, those hospitals have been rehabilitation, long-term care or other specialty facilities, not general acute care hospitals. But could acute care hospitals be the next frontier of healthcare real estate investment? No lesser authority than the chairman and CEO of one of the […]
