News Release: $65M in financing arranged for a six-building office and retail campus in West Los Angeles
JLL Capital Markets secured a $65 million loan for Wateridge LOS ANGELES, Apr. 2, 2024 – JLL Capital Markets announced today that it arranged $65 million in refinancing for Wateridge, a six-building, office and retail campus totaling 583,580 square feet in West Los Angeles, California. JLL worked on behalf of the borrower, LPC Realty Advisors I, […]
News Release: Diversified Healthcare Trust Provides Monthly SHOP Performance Update
NEWTON, Mass.–(BUSINESS WIRE)—Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment. Monthly Unaudited Results in DHC’s Total SHOP Properties: February 2024 occupancy was 78.9%, a decrease of 10 basis points from January 2024, and 190 basis points higher than February 2023. February […]
News Release: Rural Healthcare Infrastructure Gets Boost From American Lending Center Participation
IRVINE, Calif.–(BUSINESS WIRE)–American Lending Center has announced participation in construction of two rural hospitals as part of its ongoing efforts to improve rural healthcare. The hospitals are literally on opposite sides of the country – one in Bessemer, Alabama, and the other in Grant County, Washington. Magnolia Bank, headquartered in Kentucky, was the issuing partner […]
News Release: Wellstar MCG Health celebrates progress on Wellstar Columbia County Hospital with ceremonial groundbreaking
COLUMBIA COUNTY, Ga., April 2, 2024 — With a mound of red dirt piled behind them and wearing a hard hat, Brian P. Kemp, Governor of Georgia lifted a purple-bowed shovel full of gray dirt Monday morning, ceremonially breaking ground on the Wellstar Columbia County Medical Center. Joining him in this symbolic event were Georgia […]
Companies & People: AHR is excited about its prospects
After its IPO, REIT pays down debt, will be selective about acquisitions By John B. Mugford As a result of its recent initial public offering (IPO), Irvine-based American Healthcare REIT (NYSE: AHR), which has been involved in the healthcare real estate (HRE) sector since 2009, was able to significantly reduce its floating rate debt. According […]
News Release: Clay Town Center Celebrates Grand Opening of Professional Office Park
PRESS RELEASE • APR 2, 2024 09:00 EDT MIDDLEBURG, Fla., April 2, 2024 (Newswire.com) – Clay Town Center, a project by Paradigm Development Partners, is thrilled to announce the grand opening of its latest project, the Clay Town Center Professional Office Park, a modern office complex designed to meet the needs of today’s businesses. Located […]
News Release: Ohio State, City of Powell mark start of construction of Outpatient Care Powell
COLUMBUS, Ohio – The City of Powell and The Ohio State University Wexner Medical Center are celebrating the beginning of construction on a new outpatient care facility. Outpatient Care Powell is a $183 million project that will include a two-story health center and an attached five-story medical office building. Similar to recent outpatient care facilities […]
News Release: CareTrust REIT Invests $60 Million in Acquisition of Three Southern California Continuing Care Retirement Communities
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has purchased three continuing care retirement communities (CCRCs) located in Los Angeles, Orange, and San Diego counties. The multi-service senior living campuses include 475 assisted living, skilled nursing, and memory care beds/units. All three facilities will be operated by Bayshire Senior Communities, an existing […]
News Release: ERE Healthcare Real Estate Advisors Welcomes Andrew Matthews as Director of Healthcare Real Estate Brokerage
For Immediate Release April 1st, 2024 Newport Beach, CA – ERE Healthcare Real Estate Advisors (ERE) is proud to announce the appointment of Andrew Matthews as Director in their Newport Beach office. Joining an esteemed team of healthcare real estate experts, Andrew brings valuable expertise to the firm through his wealth of experience in real […]
News Release: JLL’s Value and Risk Advisory platform expands its seniors housing team
Daniel Schneider, MAI, a 20-year industry veteran, joins the platform as an Executive Director CHICAGO, Apr. 1, 2024 – JLL’s Value and Risk Advisory platform announced today that it has hired Daniel Schneider, MAI as an Executive Director within its seniors housing team. Schneider, who is based in Philadelphia, will play a critical role in […]
News Release: Ventas Issues Business Update (April 2024)
April 01, 2024 09:25 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–In conjunction with upcoming investor meetings, Ventas, Inc. (NYSE: VTR) (the “Company”) has issued a business update which is available on the Company’s website. These materials will be archived at ir.ventasreit.com/events-and-presentations for a limited period. About Ventas Ventas, Inc. (NYSE: VTR) is a leading S&P 500 […]
News Release: Tenet Completes Sale of Six Hospitals in California
April 1, 2024 DALLAS–(BUSINESS WIRE)– Tenet Healthcare Corporation (NYSE: THC) today announced that it has completed the sale of six hospitals and related operations in California consistent with previously disclosed terms. Tenet completed the sale of its four Orange County and Los Angeles County hospitals and related operations to UCI Health – consistent with the […]
News Release: UCLA Health acquires West Hills Hospital and Medical Center
March 29, 2024 UCLA Health has acquired the 260-bed West Hills Hospital and Medical Center and related assets from HCA Healthcare. The transaction, which was finalized on March 28, will help address hospital inpatient capacity needs, allowing UCLA Health to provide world-class care to more patients across the region. The hospital has been renamed UCLA […]
News Release: Mortenson Selected to Lead Phase 1 Development at The MIX
The University of Minnesota Foundation (UMF) announced that Mortenson has been chosen as its partner for the development of the first phase of a 12-acre hub of innovation and economic development in the Twin Cities, newly named The Minnesota Innovation Exchange or “The MIX.” The MIX, located on the eastern edge of the University of […]
News Release: Commercial Development Coming to Former Grafton State Hospital
MassDevelopment, the State’s Land Bank, Sells 33-Acre Parcel to Boston-Based GFI Partners for Creation of New 200,000-Square-Foot Development to be Leased for Life Science or Other Industrial, Flex Uses GRAFTON, Mass. – MassDevelopment has sold a 33.2-acre parcel at 124 Westboro Road in Grafton, formerly part of the state-owned Grafton State Hospital, to GFI Partners. […]