Editor’s Letter: Postcard from San Fran
BOMA’s MOB conference has become the standard Dear Reader: As you read this edition of Healthcare Real Estate Insights™, the chances are good that you’re doing so in San Francisco while attending the 2013 BOMA International Medical Office Buildings & Healthcare Facilities Conference. If that’s not the case, wish you were here. The fact is, […]
Thought Leaders: Duke Realty’s perspective on opportunities in healthcare real estate
I had the opportunity to emcee the Minnesota Real Estate Journal (MREJ) 2013 Healthcare & Medical Properties Conference March 26 in the Minneapolis area. It was a great event — well-attended, with interesting speakers and panels. The keynote address was titled “Opportunities in Healthcare Real Estate” by Keith Konkoli, SVP-Healthcare, Duke Realty. Mr. Konkoli offered […]
Industry Pulse: Provider hit with $25.5 million fine for self-disclosed Stark violations
An announcement last week by the U.S. Department of Justice is sure to provide fresh ammo to healthcare real estate professionals who contend that one of the benefits of third-party real estate ownership is that it is a good way to avoid Stark Statute violations.
Industry Pulse: SANFORD HEALTH: COMING TO A MARKET NEAR YOU?
Haven’t heard of Sanford Health? You will. The fast-growing healthcare system wants to expand beyond its rural roots to urban areas. From one hospital in Sioux Falls, S.D., in 2004, Sanford has grown to become the nation’s largest rural, not-for-profit provider, with locations in 126 communities in eight states. Fueled by credit card mogul T. […]
Industry Pulse: Lines blur between inpatient, outpatient
As outpatient facilities become such a major focus of the country’s healthcare delivery model, perhaps it will become more and more difficult to distinguish between inpatient hospitals and certain outpatient facilities, such as surgery centers. In a growing area southeast of Jacksonville, Fla., St. Vincent’s HealthCare is planning to open a new hospital in October […]
Industry Pulse: Survey details largest senior living operators
Holiday Retirement Corp., Emeritus Corp. (NYSE: ESC) and Merrill Gardens LLC top a new survey of the nation’s largest senior living providers. Many of the healthcare real estate investment trusts (REITs) and other investors that own medical office buildings (MOBs) also own senior living facilities. That means many senior living firms are tenants or prospective […]
Publisher’s Letter: Visit HREInsights.com
HREI™ unveils redesigned, vastly expanded website Dear Reader: It’s been an extremely busy several months here at Healthcare Real Estate Insights™. In January, we celebrated 10 years of publishing with the unveiling of the “new and improved” HREI™ monthly magazine. Next, we wrapped up several months of work with the publication of our sixth annual […]
Industry Pulse: $2 billion project being reviewed in San Francisco
California Pacific Medical Center’s titanic building program looks to be back on course after the health system and its parent company, Sacramento, Calif.-based Sutter Health, reached a compromise with the San Francisco Board of Supervisors. After months of contentious negotiations, the compromise calls for CPMC to move forward with a scaled-down version – at 274 […]
Industry Pulse: On the Record
What is driving the uptick in development? “Health systems (are) thinking more strategically on how to … get the right facilities in the right locations at the lowest costs and with the right outcome.” Mike Lincoln, Executive VP, Lillibridge What is going to happen to older, obsolete MOBs? “Many of those are […]
Industry Pulse: HEALTHCARE SPENDING SET TO REALLY TAKE OFF
Lest anyone forget what a meteoric rise is expected to take place in healthcare spending in coming years, a recent report spells it out rather clearly. Healthcare stocks have been on an impressive run to start 2013, Research Driven Investing at www.RDInvesting.com notes in a recent report. The firm says that the Centers for Medicare […]
Industry Pulse: MEDICAL PROPERTIES PART OF COMPANY ACQUISITION
When Realty Income Corp. (NYSE: O) closed on its $1.9 billion acquisition of American Realty Capital Trust (ARCT) in January, it received more than 500 properties as part of the purchase. In closing the deal, Escondido, Calif.-based Realty Income Corp., which owns more than 3,500 properties, also became an owner of some medical office buildings […]
Industry Pulse: 1$ BILLION YEAR AHEAD FOR ARC HEALTHCARE?
There’s no doubt that 2012 was a big year for American Realty Capital (ARC) Healthcare Trust. In fact, the New York-based, non-traded real estate investment trust (REIT) both raised and then invested more than $500 million on medical office buildings (MOBs), seniors housing properties and post-acute facilities. Yet the REIT’s officers say this year will […]
Industry Pulse: On The Record
Who is raising the most capital to buy MOBs? “The public healthcare REITs raised more money than any other REIT sector last year and the private REITs are raising tens of millions of dollars each day (to acquire MOBs).” Jim Kornick Managing Director Avison Young
Industry Pulse: ROCHESTER, MINN., TRYING TO HOLD (ONTO) THE MAYO
In cities large and small, hospitals and health systems are quite often a source of good-paying jobs and an important cog in the local economy. Nowhere, however, might a provider’s local impact be more prevalent than in Rochester, Minn., where the renowned 148-year-old Mayo Clinic touches just about everything and everyone. In the southeastern Minnesota […]
Publisher’s Letter: Thank you for 10 fun, exciting years
Murray W. Wolf The past decade was a great experience and we couldn’t have done it without you Dear Reader: When we launched Healthcare Real Estate Insights™ in January 2003, we were brimming with entrepreneurial zeal about the prospects for the industry and this publication. The healthcare real estate (HRE) sector seemed primed for exponential […]
