Special Report: Ventas looks to grow MOB platform
CEO DEBRA CAFARO TALKS ABOUT RECENT ACQUISITIONS, REIT’S FUTURE PLANS By John Mugford In early 2011, Chicago-based Ventas Inc. (NYSE: VTR) made quite a news splash when it entered an agreement to acquire another large, publicly traded healthcare real estate investment trust (REIT), Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP). By summer, the […]
Companies: Cain Brothers represents VHS in deal
PUBLICLY TRADED VANGUARD ACQUIRES MAJORITY INTEREST IN TEXAS SYSTEM By John Mugford Acquisitions of independent hospitals by larger companies and health systems are continuing at a rapid pace. In a recent example, Nashville, Tenn.-based Vanguard Health Systems (NYSE: VHS), a publicly traded system with 26 hospitals and complementary facilities nationwide, acquired a 51 percent interest […]
Capital Markets Snapshot: Volatility bodes well for medical R.E.
REIMBURSEMENT CUTS, STRONGER WORLD ECONOMY COULD CHANGE THAT By Cain Brothers As we transition from summer to autumn, the capital markets remain highly volatile due to slow economic growth and challenging sovereign debt challenges. The fundamental challenge facing global investors is the markets’ rapidly shifting assessment of risk, compounded by anemic economic growth. This has […]
Q & A: MOBs drive HTA strategy
MARK ENGSTROM STILL SEES AMPLE OPPORTUNITIES By John Mugford Anyone who follows the medical real estate sector has watched Healthcare Trust of America Inc. (HTA) build its large portfolio of medical office buildings (MOBs) by relying on its many health system relationships, an aggressive acquisitions strategy, a willingness to move into almost any geographic region […]
Industry Pulse: September 2011
BOSTON – In July, Boston-based American Realty Capital (ARC) Healthcare Trust Inc., a non-traded real estate investment trust (REIT) sponsored by American Realty Capital V LLC, announced that it had entered a contract to acquire a dozen medical properties for a total of $257.5 million. On Sept. 19, the REIT closed on the acquisition of […]
Special Report: Recent deals suggest sellers’ market
BOMA PANELISTS EXPLORE IMBALANCE OF REAL ESTATE SUPPLY AND DEMAND By Murray W. Wolf Anyone who has been involved in commercial real estate for more than five minutes knows there is probably no such thing as a “typical” deal. There are too many variables – geographic market, specific location within that market, age of the […]
Transactions: MOB sales jumped 29.3 percent in Q2
Q3 COULD SEE BIGGER RISE AS ONE MAJOR DEAL CLOSES, MORE ARE ON THE WAY By John Mugford For the second quarter in a row, medical office building (MOB) sales continued at a somewhat slower pace. However, at least one large portfolio sale is reportedly under contract and expected to close in the third quarter […]
Capital Markets Snapshot: Investors face new opportunities, risks
CUTS ARE LIKELY FOR HEALTHCARE PROGRAMS IN AN EFFORT TO REDUCE DEFICIT By Cain Brothers This month, we’ve entered new territory for the healthcare real estate capital markets, as well as for capital markets globally. As we all know, Standard & Poor’s downgraded U.S. Treasury debt to AA+. Despite the downgrade, the 10-year Treasury yields […]
News & Analysis: ProMed buys in Boston
COMPANY PAYS $112M FOR MOB, RESEARCH BUILDING By John Mugford The goal of ProMed Properties is to become the “dominant owner and operator” of medical office buildings (MOB) in high barrier-to-entry markets in the Mid-Atlantic and Northeast regions of the country In recent days, the North Miami, Fla.-based healthcare real estate investor took another step […]
Industry Pulse: August 2011
NEW JERSEY – There is plenty of talk in the healthcare real estate sector these days about a lack of available, high-quality medical office buildings (MOBs) for sale, especially facilities with hospital affiliations. Whenever those properties are indeed placed on the market, the competition among a variety of investor types heats up quite strongly. Amid […]
People: JLL hires managing director in West
ADDING JASON J. CLARK IN LOS ANGELES OFFICE BOLSTERS HEALTHCARE GROUP Staff Reports Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) recently hired a new managing director for its healthcare solutions group, a move that continues the expansion of the company’s effort to provide more services for medical clients throughout the country. The new addition is […]
Capital Markets Snapshot: Washington impasse could be trouble
POSSIBLE RESULTS: REIMBURSEMENT REDUCTIONS, HIGHER BORROWING COSTS By Cain Brothers. As I write this, the federal government is less than a week from its deadline for lifting the debt ceiling, and the parties look to be far from resolution. There are two dimensions to what an impasse could do to the healthcare real estate capital […]
Special Report: Development on the rise
BUT HEALTHCARE REAL ESTATE IS CHANGING RAPIDLY DEVELOPER NOW PART OF BIG CONSTRUCTION FIRM By John Mugford One thing is for sure, the development of healthcare facilities is on the uptick. This must certainly be good news for all healthcare development firms, right? Not necessarily, as the smaller, more regional medical real estate firms that […]
Transactions: Heitman/NexCore buy MOB for $23M
COMPETITION WAS STRONG FOR ON-CAMPUS FACILITY IN LANHAM, MD., NEAR D.C.By John Mugford Opportunities to acquire high-quality medical office buildings (MOBs) in the Washington, D.C., area have been somewhat rare in recent years. As a result, when such properties are indeed put on the market, the competition heats up quite nicely – especially if you’re […]
Capital Markets Snapshot: Economic recovery remains slow
PROBLEMS IN EUROPE, PUBLIC BORROWING ARE CONTINUE TO HAMPER PROCESS By Cain Brothers. In the past month, long-term interest rates have continued to decline in response to unexpected weakness in the global economy and a shift to quality. The drama in Europe has a few more acts to play out, but if these economic woes […]
