Industry Pulse: RISING MEDICAL SCHOOL NUMBERS COULD BE A BOON
Record medical school numbers could be a boon for the healthcare industry – and HRE. There is good news coming from the nation’s medical schools, where first-year enrollments and the number of graduates are hitting all-time highs.
Industry Pulse: COLLIERS POSITIVE ON MED OFFICE MARKET
New report sees “resurgence” of U.S. medical office market The U.S. medical office market landscape is positive for both owners and occupiers who heed the trends and are willing to commit to the market, according to the “Medical Office Outlook 2015 Highlights” from Colliers International. Some of the key takeaways include:
Industry Pulse: Top Executives, Projects Honored With Awards
The winners of the second annual HREI™ Insights Awards™ were announced Dec. 16. The nine awards honored excellence in healthcare real estate (HRE) development and executive leadership. This time the winners were: ■ Best New Medical Office Building (MOB, less than 25,000 square feet): Davis Moore Capital, Duke Medicine at Meadowmont, Chapel Hill, N.C.; […]
Industry Pulse: Big Hospital Projects Just Keep On Coming
The 10 largest new hospitals show demand is alive and well. Perhaps the reports about the death of the nation’s inpatient hospitals were a bit exaggerated, or premature – to use and tweak a famous quote from Mark Twain. For several years, many of those involved in healthcare and healthcare real estate (HRE) have been […]
Industry Pulse: HRE Execs See Another Good Year Ahead, Unless…
Unforeseen domestic or foreign events are among the few concerns of sector experts. Like most of the other Healthcare Real Estate Insights™ Editorial Advisory Board members, Mindy Berman and Chris Bodnar say they believe that 2015 will be a good year, barring any unforeseen events that could disrupt the domestic economy, or further dampen economies […]
Industry Pulse: On the Record – Ross Caulum
Why are retailers, tech firms and others jumping into healthcare? “Shame on us, the health systems, for not fulfilling all of the needs of the country’s healthcare consumers. Had we not taken our eyes off the ball, this might not have happened.” Ross Caulum, Senior Director of Corporate Real Estate, Scripps Health
Industry Pulse: On the Record – Tony Helton
Why would/should a health system sell real estate? “I still believe that it would make more sense for the lower-rated health systems than it would for us to sell properties … as a way to increase their liquidity and make a case for a better credit rating.” Tony Helton, administrator, Division of Finance, Cleveland Clinic
Industry Pulse: Florida Providers Plan To Attempt “Coopetition”
Two rival Tampa, Fla., area systems plan to partner on a new outpatient center and more. We’ve been hearing a lot about hospital and health system mergers and acquisitions in recent years. But two rival systems in the Tampa, Fla., area are trying “coopetition,” joining forces to battle bigger competitors with a not-for-profit joint venture […]
Industry Pulse: REITs own less than 10%? Not so fast…
Public REITs might own closer to 13 percent, one reader says. In our December Publisher’s Letter, HREI™ Publisher Murray W. Wolf estimated that the publicly traded healthcare real estate investment trusts (REITs) probably own less than 10 percent of all healthcare real estate (HRE) based on their combined market capitalization of $92.9 billion (as of […]
Industry Pulse: Complex HRE Deal Closed In Boston’s South End
Healthcare and non-healthcare assets, plus a parking ramp and land are part of the deal In what some participants are calling one of the most complex healthcare real estate (HRE) deals in Boston’s history, Washington, D.C.-based Multi-Employer Property Trust (MEPT) recently teamed up with a joint venture (JV) partner, Boston-based Leggat McCall Properties, to acquire […]
Industry Pulse: G-A REIT II Completes Northstar Merger
$4 billion deal included 289 assets in 32 states and the U.K. American Healthcare Investors and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT II, announced Dec. 3 that they had completed a previously announced merger between Griffin-American and NorthStar Realty Finance Corp. NorthStar acquired all of the outstanding shares of Griffin-American in […]
Industry Pulse: More Broker-Dealers Resume Sales of ARC REITS
Investment sales have resumed now that the firm’s healthcare REITs have been cleared. Sales of non-traded real estate investment trusts (REITs) sold under the sponsorship of New York-based American Realty Capital Properties Inc. (Nasdaq: ARCP) seem poised to recover now that most units of the company have been cleared of wrongdoing in an accounting scandal […]
Industry Pulse: Vince Cozzi Crosses Border For New Job
Former Ventas exec joins Toronto-based health REIT. Vincent M. Cozzi, who was in charge of medical office building (MOB) investing for Ventas Inc. (NYSE: VTR), recently left his post to become co-president and chief investment officer of Toronto-based NorthWest International Healthcare Properties REIT (TSXV: MOB.UN).
Industry Pulse: NorthStar is acquiring more than real estate
NorthStar Realty’s deal with Griffin-American REIT II entails more than just its portfolio. In an interesting twist on NorthStar Realty Finance Corp.’s acquisition of Griffin-American Healthcare REIT II for an estimated $4 billion, NorthStar is also acquiring a 47 percent interest in one of the REIT’s sponsors, Irvine, Calif.-based American Healthcare Investors Inc. Damon Elder, […]
Industry Pulse: Ventas buys large MOB in Sacramento
Sutter Medical Plaza occupies repurposed Libby’s cannery Ventas Inc. (NYSE: VTR) recently paid $54 million for a large medical facility at 1625-1631 Stockton Blvd. in Sacramento, Calif. With 143,210 square feet of space, the building, Sutter Medical Plaza, sold for $377 per square foot (PSF). Real estate research firm Real Capital Analytics (RCA) Inc. reports […]
