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 […]
Companies & People: More Companies & People News
■ ERDMAN recently hired Jenne L. Meyer as VP of the ERDMAN brand. Ms. Meyer has more than 20 years of experience in branding, marketing, market research, and marketing innovation in the healthcare sector. She most recently served as the director of Global Strategic Marketing at GE Healthcare, where she was “instrumental in building and growing […]
Companies & People: New phase complete at N.C. hospital
Hammes Company wraps up project on time and under budget By John B. Mugford The latest phase of a massive campus transformation project at Moses H. Cone Memorial Hospital in Greensboro, N.C., is complete, with Brookfield, Wis.-based Hammes Co. acting as the project manager. The latest phase of a multi-phase campus master plan includes 96,000 […]
Companies & People: Fairfield Asset Advisors brokers sale of Texas MOB to Harrison Street
DENTON, Texas – Denver-based Fairfield Asset Advisors in recent weeks brokered the sale of an on-campus, 40,800 square foot medical office building (MOB) in Denton, just outside of Dallas. Real Capital Analytics (RCA) says the buyer was Chicago-based Harrison Street Real Estate and the price was $10.8 million, or about $265 per square foot (PSF). […]
Companies & People: More Company & People News
■ Health Care REIT Inc. (NYSE: HCN) in recent months announced several executive promotions, title changes and expansions of roles. Scott M. Brinker is now EVP – chief investment officer. He is responsible for establishing the company’s investment strategy and managing all aspects of the investment process. Mr. Brinker has played what the company says […]
Companies & People: New HRE investor makes first deals
Nashville-based MedEquities Realty Trust starts with a five-property portfolio By Dan Larson A new healthcare real estate investment company is joining the ever-expanding pool of healthcare real estate (HRE) investors and is making its first big dip into the market. Nashville, Tenn.-based MedEquities Realty Trust Inc. recently announced that it has completed an initial private […]
Companies & People: Akron General partners with The Boldt Co. to develop wellness centers
AKRON, Ohio – Akron General Health & Wellness Innovations, part of the Akron General Health System, is teaming up with the Boldt Co. of Appleton, Wis., to expand its popular wellness centers on a national footprint. The two entities recently signed a memorandum of understanding (MOU) to collaborate on future projects. The wellness centers, designed […]
Companies & People: The Sanders Trust develops two new healthcare properties in the DFW area
BIRMINGHAM, Ala. – As one project ends, another begins. Such is the case for Birmingham-based real estate developer The Sanders Trust (TST) as it expands its portfolio in the Dallas-Fort Worth Metroplex. The company recently announced the completion of Lake Granbury Medical Center, a 41,000 square foot MOB near Fort Worth. The three-story facility cost […]