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 […]
People: RTKL promotes five in healthcare to new positions
JUPITER, Fla. – Jupiter-based VERSA Property Management recently appointed Michelle McCartney as property manager. Ms. McCartney will oversee the day-to-day operations of VERSA’s Illinois properties, as well as its properties in Ohio, Missouri and New York. Ms. McCartney comes to VERSA with a total of 15 years of property management experience, six of which involved […]
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 […]
Companies:Virtua Voorhees hospital now open
HAMMES, TURNER, HGA LEAD PROJECT TEAM FOR $463M NEW JERSEY FACILITY By John Mugford What is being billed as the “hospital of the future” because of its emphasis on technology and safety opened recently in Voorhees, about 20 miles southeast of Philadelphia. The new 368-bed Virtua Voorhees hospital opened May 22 after more than 10 […]
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: ULI healthcare group flies under radar
URBAN LAND INSTITUTE HAS BEEN QUIETLY DEVELOPING A HEALTHCARE COUNCIL By Murray W. Wolf Most of the growing number of professional associations and media companies that sponsor healthcare real estate conferences seem to think bigger is better. More registrations, more sponsors, more publicity – it’s all good. But the Healthcare and Life Sciences Council of […]
Special Report: Survey: sector is strong
CONSULTANT PROBES PLANS OF PROVIDERS, OWNERS By John Mugford What’s on the minds of hospital and health system executives as they navigate their changing industry? A lot, it’s safe to say. However, when it comes to real estate, one goal of a majority of hospitals that responded to a recent survey is to eventually enter […]
Transactions: HTA back in buying mode with deal
REIT ACQUIRES DESERT RIDGE MEDICAL CAMPUS IN PHOENIX FOR $32.75 MILLION By John Mugford After a hiatus of about three months without making an acquisition, Scottsdale-Ariz.-based Healthcare Trust of America Inc. (HTA) was back in buying mode in recent weeks. The non-traded real estate investment trust (REIT), which has been a prolific buyer of healthcare […]
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 […]
Industry Pulse: July 2011
NEW YORK – Demand for healthcare facilities is approaching a point where it will outstrip supply, according to Jay Flaherty, chairman, president and CEO of Long Beach, Calif.-based HCP Inc. (NYSE: HCP), a large healthcare real estate investment trust (REIT). In a REIT.com video interview at “REITWeek 2011: NAREIT’s Investor Forum” at the Waldorf Astoria […]
Outpatient Projects: Site work starts on 176,462 s.f. MOB
COGDELL SPENCER ERDMAN IS BUILDING $27.8 MILLION PROJECT IN DULUTH, MINN. By John Mugford As hospitals across the country continue to add more and more employed physicians, many are seeing a need for new spaces where these doctors can provide services. One place this is happening is in downtown Duluth, Minn., where design/build firm Cogdell […]
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 […]
Q & A: New job for MOB pioneer
SYDNEY SCARBOROUGH TAKES ON NEW ROLE AT JLL By John Mugford When Sydney P. Scarborough was asked a question during the ensuing interview about what she enjoys doing outside of work, there was a caveat that went something like this: “It’s obvious that at work your passion entails helping hospitals reduce costs, but outside of […]
Companies: $154 million Baylor project complete
DUKE REALTY DEVELOPED THE 459,717 SQUARE FOOT DALLAS CANCER CENTER By John Mugford After nearly two years of construction, the newest crown jewel of the giant, not-for-profit Baylor Health System is now up and running in Dallas. In late March, Baylor opened the $154 million, 459,717 square foot Charles A. Sammons Cancer Center on its […]