Project Case Study: Big project in RTG’s hometown
UT Orthopaedic Institute in Knoxville, Tenn., achieves multiple goals By John B. Mugford In the healthcare real estate (HRE) sector, relationships matter. A good example of this can be found in Knoxville, Tenn., home to the University of Tennessee (UT) and its 710-bed Medical Center (UTMC), an academic medical center that is part of University […]
News Release: Just Financed. Seven-Story Medical Office and Biomedical Building in Downtown Grand Rapids, MI
Doug Meijer Medical Innovation Building 109 Michigan St. NW | Grand Rapids, MI 49503 Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction. Harrison […]
News Release: McCarthy Completes Houston Methodist Sugar Land Medical Office Building
HOUSTON – May 24, 2023 – McCarthy Building Companies, Inc. has completed construction of two structures on the campus of Houston Methodist Sugar Land Hospital located in the greater Houston area. The project included a six-story medical office building and an attached seven-level parking garage. McCarthy broke ground in December 2021. McCarthy’s scope included a […]
News Release: Davis holds open house for 44,000-square-foot medical office building in Maple Grove, Minn.
News Release The convenient, central location on Highway 610 is expected to benefit patients and tenants, including MNGI Digestive Health, which is occupying the entire second floor MAPLE GROVE and MINNEAPOLIS, Minn., May 24, 2023 – Minneapolis-based real estate developer Davis recently held an open house to celebrate the completion of the 44,000-square-foot, Class A […]
News Release: Medical Properties Trust Announces Closing of Sale of Seven Australian Hospitals
BIRMINGHAM, Ala., May 24, 2023 –(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has completed, as expected, the sale of seven Australian hospitals for AUD$730 million, with proceeds used to reduce its Australian term loan. MPT additionally settled the pro rata portion of its interest rate swap for […]
News Release: Physicians Realty Trust Announces $400 Million Five-Year Term Loan
MILWAUKEE, May 24, 2023 –(BUSINESS WIRE)–Physicians Realty Trust (NYSE: DOC) (the “Company”) announced today that it has closed on a $400 Million Term Loan maturing May 2028 (the “Term Loan”). Pursuant to the Company’s unsecured credit agreement, the Term Loan will bear interest at a rate equal to Adjusted Daily Simple SOFR plus a spread […]
News Release: Medical Properties Trust Announces Closing of Sale of Seven Australian Hospitals
BIRMINGHAM, Ala., May 24, 2023–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has completed, as expected, the sale of seven Australian hospitals for AUD$730 million, with proceeds used to reduce its Australian term loan. MPT additionally settled the pro rata portion of its interest rate swap for a […]
News Release: NexCore Group Breaks Ground on the Hunt Regional Healthcare Specialty Hospital and Medical Office Building in Royse City, Texas
May 23, 2023 The state-of-the-art specialty hospital and emergency room facility will expand healthcare access to a rapidly growing community east of Dallas Today, NexCore Group, a national healthcare, life sciences, and seniors housing real estate developer, announced they broke ground on the new Hunt Regional Healthcare Medical Office Building (MOB) in Royse City, Texas. […]
News Release: Westover Hills Baptist Hospital Tops Out, Marking Midpoint of Construction
Press Release 05.25.23 Construction firm Robins & Morton topped out Westover Hills Baptist Hospital in San Antonio on May 23. The topping out celebrates the installation of the final steel beam, completing the hospital’s structure and marking the official midpoint of construction. Once complete in summer 2024, the five-story, 104-bed hospital will span 255,000 square […]
News Release: New Rehabilitation Hospital Opens in Indianapolis
Indianapolis, IND. (05/23/2023): Capital Growth Medvest is pleased to announce the completion of Community Health Network’s new inpatient rehabilitation hospital in Brownsburg, Indiana. The new facility is a partnership with Community Health Services and Lifepoint – Kindred. The joint venture represents their third rehabilitation hospital in the Indianapolis metro area. The new 55,700-square-foot specialty inpatient […]
News Release: Medical Properties Trust Announces Prospect Recapitalization Transactions
Third-Party Lenders Invest $375 Million in Prospect Proceeds Fully Repay Prospect’s ABL Facility BIRMINGHAM, Ala., May 23, 2023–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that affiliates of Prospect Medical Holdings (“Prospect”) have completed $375 million in new financings from third-party lenders, the proceeds of which will be used to […]
News Release: Robins & Morton Completes CaroMont Regional Medical Center’s Critical Care Tower
Press Release 05.22.23 CaroMont Health Regional Medical Center Critical Care Tower InteriorConstruction firm Robins & Morton celebrated the completion of CaroMont Regional Medical Center’s new critical care tower in Gastonia, North Carolina, on May 4. The new four-story, 176,811-square-foot vertical expansion added 78 additional patient rooms to the CaroMont Regional Medical Center campus. Each floor […]
News Release: The Sanders Trust Breaks Ground on $48 Million Inpatient Rehabilitation Hospital
New 60,500-sq. ft. Facility Located in Florida Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking for a new $48 million inpatient rehabilitation hospital, Northwest Florida Rehabilitation Hospital in Jacksonville, FL. The Sanders Trust was selected as the developer […]
News Release: FCPT Announces Acquisition of two Fast Pace Health Properties for $4.9 Million
MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Fast Pace Health properties for $4.9 million. Fast Pace Health is an urgent care provider with […]
News Release: First Citizens Provides $30 Million in Financing for Amavida Living Community in Florida
NEW YORK — May 17, 2023 — First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, Florida. Amavida is a 387-unit senior housing community consisting of 251 independent-living units, 113 assisted-living units and 23 memory care units. The […]