Industry Pulse: Hospitals’ Post-Acute Push: Strategy or Fad?
Some healthcare real estate (HRE) firms are following hospitals into the post-acute space. Getting involved in post-acute care has become an increasingly popular strategy for many hospitals and health systems recently. This has largely been driven by the Patient Protection and Affordable Care Act (PPACA). A goal of the PPACA, aka healthcare reform, is to […]
Industry Pulse: NKGF Shares List of Sector’s Top Trends
What were last year’s top 10 trends in healthcare and HRE? Here’s one firm’s view. Commercial real estate firm Newmark Knight Grubb & Frank’s Global Healthcare Services Team recently published a list of its top 10 healthcare trends of 2013: 1. Significant M&A activity between hospitals and providers 2. “Deconstruction of the hospital” to off-campus […]
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Our redesigned, expanded website is your new hub of HRE news and information Wouldn’t it be great if you had more than 11 years’ worth of all the most important healthcare real estate (HRE) news and information at your fingertips, instantly searchable? Good news. You do! It’s all there at HREInsights.com. Our website has been […]
Industry Pulse: Is This a ‘Reverse Monetization’ Trend?
Some providers have recently begun buying MOB assets We’re not sure if it’s a trend, but in late 2013 a handful or more hospitals and/or health systems acquired medical office buildings (MOBs) from developers, private third-party owners or physician groups.
Industry Pulse: Mall Hopes to Bring Med Users to Ex-Saks Space
Chicago-area lifestyle retail center looks to medical tenants to boost sagging occupancy As an upscale, multi-use lifestyle center in the Chicago suburb of Highland Park tries to boost its anemic occupancy, it is hoping to convert a vacant department store space into healthcare real estate. According to recent reports and news releases, the […]
Industry Pulse: On the Record: Greg Venn
What is the near-term outlook for healthcare real estate development? “I think there will be a robust development period in the next 12 to 24 months, as there are a number of projects in the pipeline. It seems that more systems are making decisions to move forward with projects. Specifically, we’re seeing a lot of […]
Industry Pulse: ARC grabs big portfolio from LaSalle for $171m
JLL-affiliated firms have disposed of more than $366M in HRE properties since July In September, New York-based ARC Healthcare Trust, currently one of the most active buyers of healthcare real estate (HRE), landed the largest deal of the third quarter (Q3). ARC paid
Industry Pulse: More deals likely for Tenet after Vanguard
Health system lands new hospitals as well as even more acquisition firepower As most people involved in healthcare are well aware, Dallas-based Tenet Healthcare Corp. (NYSE: THC) in early October closed on its acquisition of Nashville, Tenn.-based Vanguard Health Systems, which had raised $450 million in an initial public offering (IPO) in 2011.
Industry Pulse: HRE hiring has been heating up this year
Increasing confidence has created a hot market for top-tier talent When the U.S. economy tanked, the healthcare real estate (HRE) sector was not immune.Although the subsequent downsizings at some firms were obviously difficult for those who lost their jobs, they were also painful for those who had to make those hard decisions, says Kevin Jones, managing […]
Industry Pulse: Even a boom town is scaling back hospital
North Dakota’s population boom is no match for trend toward smaller hospitals As the quaint prairie town of Dickinson continues to boom amid North Dakota’s oil-producing “gold rush,” its schools, roads and stores are getting bigger. Housing is expanding rapidly. It’s all part of trying to keep up with a population that has nearly doubled […]
Industry Pulse: MOBs, senior living assets on the block
SNH reports “good interest” on seven-asset MOB portfolio Healthcare real estate investment trust (REIT) Senior Housing Properties Trust (NYSE: SNH) says it is receiving “good interest” on a seven-building, 831,499 square foot medical office building (MOB) portfolio it has been marketing during the past few months. The Newton, Mass.-based firm disclosed in July that “after […]
Industry Pulse: On the Record
Is the so-called ‘retailization’ of healthcare creating new opportunities? “We’re not seeing it translate into new development volume because they’re typically in line with space that exists.” Chris Jackson, VP, Business Development Director, Lend Lease, speaking at the recent InterFace HRE Conference in Dallas What do you see as the future in terms of HRE […]
Industry Pulse: NexCore nabs Jones Lang Lasalle’s hot property
Denver-based firm agrees to acquire California and Arizona MOB portfolio for $114 million A recent U.S. Securities and Exchange Commission (SEC) filing reveals that NexCore Development LLC has agreed to acquire the 13 buildings being offered for sale by Jones Lang LaSalle (JLL) Income Property Trust Inc. as part of the so-called Dignity Health Medical […]
Editor’s Letter: Biggest MOB deal ever?
Harrison Street-WRIT agreement has us wondering Dear Reader: According to our records at Healthcare Real Estate Insights™, our feature story concerning the $500.75 million deal between Harrison Street and Washington Real Estate Investment Trust (WRIT) could be the largest arm’s length sale involving an existing portfolio of MOBs in sector history. I say could be, […]
Industry Pulse: NexCore Development Agrees to Pay $114M for Dignity Health MOB Portfolio
Commercial real estate blogger Jay Rickey reports on his “Commercial Real Estate from the SEC” website that NexCore Group has agreed to pay $114 million for the Dignity Health MOB portfolio. Please see the full article here: http://www.jayrickey.com/2013/09/11/nexcore-development-agrees-to-pay-114m-for-dignity-health-mob-portfolio/
