Companies & People: Cornerstone wins contract to manage, lease large portfolio in Ohio, Indiana
INDIANAPOLIS – Indianapolis-based Cornerstone Companies Inc. recently landed a contract to provide property management and leasing services for a 676,473 square foot portfolio of MOBs in Ohio and Indiana. The new owner of the buildings is New York-based NorthStar Realty Finance Corp. (NYSE: NRF), which gained ownership of the facilities through its recent $4 billion […]
Companies & People: Growing company is focused on ERs
Medical Properties Trust is part of Adeptus Health’s plan for national expansion By John B. Mugford Even as the traditional acute care hospital loses some of its luster and importance in the country’s healthcare delivery care model, the emergency room (ER), be it on a hospital campus or in a freestanding location, is likely to […]
Companies & People: Five questions for: Malcolm S. Sina
Two years after leaving Lend Lease, he is back at developing healthcare facilities By John B. Mugford When Malcolm S. Sina first started developing medical office buildings (MOBs) in the mid-1990s, most health systems were accustomed to, and comfortable with, developing their own MOBs with their own capital.
Companies & People: HRE Capital was advisor on the sale of ASCs in Houston and St. Joseph, Mo.
HOUSTON and ST. JOSEPH, Mo. – Healthcare Real Estate Capital (HRE Capital), a national advisory firm focused on the HRE sector, acted as the financial advisory firm to a group of physicians who recently sold standalone ambulatory surgery centers (ASCs) in Houston and St. Joseph.
Companies & People: More Healthcare Real Estate Company & People News
CNL Financial Group recently hired Scott McCorvie as VP of acquisitions. Mr. McCorvie has extensive experience working with senior housing and HRE and will continue to focus on those sectors. Prior to joining Orlando, Fla.-based CNL, Mr. McCorvie was the manager of investments at Sentio Investments LLC, also of Orlando, where he served as an […]
Companies & People: Cain advises system on monetization
Investment bank handles sale and partial leaseback for Good Shepherd in Texas By Erin E. Porter Hospital-driven monetizations have been few and far between in recent years. But at least one recent transaction shows that the strategy of selling and leasing back non-core assets is still a viable option for some providers. New York-based Cain […]
Companies & People: No HRE slowdown yet, says attorney
HREI™ recently caught up with a very busy Steven Kaye of Arnall Golden Gregory By Erin E. Porter Whenever big deals, or small ones for that matter, take place in any industry, including healthcare real estate (HRE), there’s a period of time before the closing can take place for the dotting of the “I’s” and […]
Companies & People: Skanska USA adds to list of healthcare projects with hospital expansion in Texas
CENTRAL TEXAS – Skanska USA will act as lead on the construction of a 236,800 square foot expansion of a hospital in Central Texas for an unnamed U.S. healthcare provider. The expected contract value of completing the project is
Companies & People: H2C led year’s largest monetization
Investment banking, advisory firm represented Pa. system in $174.1 million sale By John B. Mugford The largest health system sale, or monetization, of a real estate asset portfolio in 2014 took place in October, when Harrisburg, Pa.-based PinnacleHealth sold eight buildings to ARC Healthcare Trust II, a non-traded real estate investment trust (REIT).
Companies & People: More Healthcare Real Estate Company & People News
■ Brandon Muzik recently joined Chicago-based Stage Equity Partners LLC, a HRE investment firm, as director of acquisitions. His primary responsibilities include sourcing, underwriting and closing transactions. “Brandon’s professional experience in the healthcare real estate industry is a great asset to Stage,” said Brian Howard, who is a principal of the firm along with Russell […]
Companies & People: 5 questions for Vince Cozzi
Former Ventas exec shares insight into his new job with large Canadian REIT By John B. Mugford The mid- to late-2000s was a boom time for the country’s medical office building (MOB) sector, a time when real estate investors of various sizes and types started to become interested in, and spend lots of money on, […]
Companies & People: MPT ventures overseas for HRE purchase, landing properties in Germany
GERMANY – With pricing for healthcare real estate properties of all kinds continuing to escalate in the United States, some large investors are looking overseas for deals to complement their domestic portfolios and activity. One such investor is Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), which recently entered definitive agreements to acquire and lease […]
Companies & People: Realty Trust Group lands contract with Greensboro, N.C.-based Cone Health
GREENSBORO, N.C. – Knoxville-based Realty Trust Group (RTG) was recently awarded a multi-year contract by Greensboro, N.C.-based Cone Health to provide strategic planning, leasing and other advisory services for the system’s real estate portfolio.
Companies & People: More Companies & People News
■ Shawn A. Janus recently joined San Diego-based Pacific Medical Buildings (PMB), a well-known healthcare facilities developer, owner and manager. Mr. Janus joins PMB as a senior VP for healthcare development and acquisitions. With more than 30 years of experience in commercial real estate, Mr. Janus’ area of expertise in healthcare includes development, acquisition, and […]
Companies & People: 5 questions for Chris Rooney
AHI’s top asset manager talks about REIT strategy, the HRE market and more By Dan Larson One of the most prolific buyers of healthcare real estate (HRE) in recent years has been Irvine, Calif.-based Griffin-American REIT II, an unlisted real estate investment trust (REIT) that has acquired more than $2.6 billion worth of healthcare facilities […]