News Release: Birmingham-Based Leading Healthcare Real Estate Company Announces $24 Million Acquisition in Tulsa, Oklahoma
The Sanders Trust Acquires $24.5 Million Tulsa, Oklahoma Rehabilitation Hospital Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announced a $24.5 million acquisition in Tulsa, Oklahoma in July 2018. Built in 2017, PAM (Post Acute Medical) Rehabilitation Hospital is a state-of-the-art, 40-bed inpatient rehabilitation hospital. With over […]
News Release: Strawberry Fields REIT Secures Increase on its Series B secured Debentures on Tel Aviv Stock Exchange
South Bend, Ind.— August 13, 2018—Strawberry Fields REIT LLC (Strawberry Fields), Headquartered in South Bend, Indiana, an owner and lessor of nursing homes, long-term acute care hospital facilities and medical office buildings in the Midwestern and Southern U.S., today announced it has successfully increased its Series B secured debentures on the Tel Aviv Stock Exchange […]
News Release: JUST SOLD – Medical Office Building Trades for $15.7 M ($390 PSF) in Chino Hills, CA
Chino Hills Crossroads Professional Center Transaction Summary CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 3110 Chino Avenue located in Chino Hills, CA at a price of $15,700,000 ($390 PSF). The 40,279 SF medical office building was 95% leased at the time of sale. Gary Stache, Anthony DeLorenzo, Doug Mack, Sammy […]
News Release: Transwestern to lease Brookhaven Medical Center II in Metro Atlanta
August 10, 2018 Atlanta – Transwestern’s Atlanta office today announces it has been named the exclusive leasing agent of Brookhaven Medical Center II, a 51,375-square-foot medical office development at 3929 Peachtree St. in Brookhaven, Georgia. Led by Senior Vice President Steve Hall, Transwestern’s growing Healthcare Advisory Services team will market and lease the asset on behalf of a […]
News Release: Mayor Bowser Announces Major Milestone in Partnership with The George Washington University Hospital for New Hospital and Health Services
Partnership Promises First Fully Integrated Healthcare System East of the Anacostia River (Washington, DC) – Mayor Muriel Bowser today announced that her Administration and The George Washington University Hospital (GW Hospital) have signed a Letter of Intent to improve access to high quality healthcare services for Washingtonians, specifically for residents living in Wards 7 and […]
News Release: Welltower Prices $1.3 Billion Senior Unsecured Notes Offering
Toledo, Ohio, Aug. 10, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that it has successfully priced its offering of $1.3 billion in aggregate principal amount of senior unsecured notes across three tranches with a weighted average maturity of 15.4 years and blended yield to maturity of 4.4%, including $600 million in 3.95% notes due 2023, $200 million in 4.25% notes due 2028, and $500 million in 4.95% […]
News Release: Flagship Healthcare Trust Announces New Senior Secured Credit Facility
Charlotte, North Carolina – AUGUST 9, 2018 – Flagship Healthcare Trust, Inc. (“Flagship REIT”) announced that it has entered into a new secured term and revolving credit facility with Bank of America, N.A. (the “Secured Credit Facility”). This Secured Credit Facility provides the ability to increase Flagship REIT’s borrowing capacity up to $125 million through […]
Rush Plans Major New Outpatient Care Center on Near West Side
Building at Ashland Avenue and Harrison Street will be focused primarily on cancer and neurological care Rush University Medical Center has submitted plans to construct an 11-story, 530,000-square-foot, state-of-the-art outpatient care center at the northeast corner of Ashland Avenue and Harrison Street on the near West Side of Chicago. It will be directly across Ashland […]
News Release: UC Davis Announces New Second Hospital on University’s Sacramento Campus
Joint Venture, Inpatient Rehab Hospital Is First Aggie Square Project Sacramento, Calif. – The University of California, Davis, today announced that along with Kindred Healthcare, it will construct and operate a second hospital on its downtown Sacramento campus to provide more inpatient rehabilitation services in Sacramento County. The facility will provide care for twice as […]
News Release: Capital Square 1031 Completes DST Offering of Newly Constructed Dialysis Clinic Near Bakersfield, California
Richmond, Va. (Aug. 8, 2018) – Capital Square 1031, a leading sponsor of Delaware statutory trust investments, announced today that CS1031 California MOB I, DST, comprised of a newly constructed dialysis clinic near Bakersfield, Calif., has been fully subscribed by a total of 16 investors. “This DST investment in California illustrates Capital Square’s ability to […]
News Release: Welltower Announces Promotions and New Structure for Corporate Finance and Asset Management
Toledo, Ohio, Aug. 7, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced the promotion of Shankh Mitra to Executive Vice President and Chief Investment Officer from his current position as Senior Vice President, Investments and the promotion of Tim McHugh to Senior Vice President, Corporate Finance from his current position as Vice President, Finance and Investments. Additionally, Tim Lordan has been […]
News Release: HSHS St. Mary’s Hospital and HSHS Medical Group Break Ground On New Medical Office Building
Decatur, Ill. – HSHS St. Mary’s Hospital and HSHS Medical Group held an official groundbreaking ceremony to celebrate the beginning of construction on our newest medical office building. Hospital and medical group leaders took part in a short ceremony and prayer followed by a ceremonial groundbreaking. The new building will be home to the HSHS […]
News Release: Justin Hill joins JLL Capital Markets
Healthcare real estate veteran, Justin Hill, has joined JLL as Executive Vice President in its healthcare capital markets practice. Justin will join the largest national, full-service healthcare capital markets team in the industry and will provide healthcare real estate advisory and transaction services for investor and healthcare provider clients, meeting their acquisition, disposition, and financing […]
News Release: Construction has Commenced on new Atlantic Health Rehabilitation Institute!
PRESS RELEASE: The Atlantic Rehabilitation Institute for Atlantic Health System and Kindred Healthcare in Madison, NJ. Madison, NJ, and INDIANAPOLIS, August 7, 2018 – Bremner Real Estate is pleased to announce that construction has commenced for the joint venture between Atlantic Health and Kindred Healthcare. The Indianapolis-based healthcare real estate developer states the development is a […]
News Release: Anchor Health Properties Announces Development of Doylestown Health’s Pavilion III
FOR IMMEDIATE RELEASE August 7, 2018 (Wilmington, DE) Having held a long-term strategic real estate partnership that has led to the development of and collaboration on multiple medical office buildings, Anchor Health Properties (Anchor) and Doylestown Health are pleased to announce the development of a third medical office building located on the Doylestown Hospital campus […]