Industry Pulse: Caddis Shortens Name, Acquires On-Campus MOB
Dallas-based Caddis Partners LLC has officially shortened its name to simply Caddis. “We’re not the same firm we were when we started in 2008,” says Caddis CEO Jason Signor. “We’ve grown considerably not only in terms of employees, but in geographic reach, assets under management and into new healthcare product types.”
Industry Pulse: Hammes Heads West for MOB Acquisition
Midwestern company acquires asset as it gears up new fund Brookfield, Wis.-based Hammes Co., a well-known as a healthcare development and advisory firm, recently acquired a medical office building (MOB) near Olympia, Wash., for $10 million, according to data from RCA. The asset, a 27,495 square foot facility at 2555 Marvin Road N.E. in Lacey, […]
Industry Pulse: HTA also makes relatively small MOB acquisitions
Healthcare Trust of America was Q2’s top MOB buyer, with deals both large and small. Formed in 2006, Healthcare Trust of America Inc. (NYSE: HTA) now owns nearly 15 million square feet of mostly medical office building (MOB) space in 27 states. But while HTA recently grabbed headlines for its acquisition of 11 large MOBs […]
Industry Pulse: Foreign capital to fund senior housing
PDC Group taps EB-5 investor program to raise $250 million Costa Mesa, Calif.-based PDC Capital Group recently announced plans to use more than $250 million from foreign investors to fund 25 new SummerPlace Assisted Living & Memory Care Facilities around the country.
Industry Pulse: On The Record: Paul N. Orloff MD
Do independent physicians matter in healthcare real estate anymore? “Why am I so important as a solo practitioner? In a lot of senses I think I’m living in Manhattan in one of the last lands of the dinosaurs. Indeed, maybe I am a dinosaur. But what I think is we’re going to survive for a […]
Industry Pulse: Northstar is Likely Buyer of G-A HC REIT
Potential $4 billion transaction is expected to close by Q4 Just before press time, Healthcare Real Estate Insights™ learned that NorthStar Realty Finance Corp. (NYSE: NRF), whose healthcare activities are led by James F. “Jay” Flaherty, the former CEO of HCP Inc. (NYSE: HCP), plans to acquire Irving, Calif.-based Griffin-American Healthcare REIT II, an unlisted […]
Industry Pulse: New Healthcare Resorts Blend Health, Hospitality
Firm has a potential $1.4 billion of projects in the pipeline, says partner Health Care REIT A new, or perhaps hybrid, category of senior housing/healthcare real estate (HRE) property is appearing on the scene. Combining rehabilitative care, assisted living services and long-term care into a senior living facility that includes “spa-like” amenities is a property […]
Industry Pulse: Northstar is Likely Buyer of G-A HC REIT
Potential $4 billion transaction is expected to close by Q4 Just before press time, Healthcare Real Estate Insights™ learned that NorthStar Realty Finance Corp. (NYSE: NRF), whose healthcare activities are led by James F. “Jay” Flaherty, the former CEO of HCP Inc. (NYSE: HCP), plans to acquire Irving, Calif.-based Griffin-American Healthcare REIT II, an unlisted […]
Industry Pulse: HRE Funds Raking in Investment Capital
Investment funds are snapping up HRE assets like this MOB in Foster City, Calif. Photo courtesy of Swift Real Estate Partners Pension funds like this sector. HRE professionals and observers keep hearing about all of the new equity funds and capital sources that are targeting healthcare assets. One example is a new fund by longstanding […]
Industry Pulse: On the Record: “What impact are employed physicians having on development?”
We’re seeing the five-year window of acquiring physician practices roll to the point where hospitals are wanting to aggregate those practices together in larger buildings in ambulatory settings. So it’s common now to look at a 50,000 or 60,000 square foot building where the hospital is bringing in all of these physicians … it really […]
Industry Pulse: Construction Booming for HRE in the Northeast
One of the biggest HRE projects in the Northeast region is the $450 million, 11 -story Stamford (Conn.) Hospital replacement facility. Rendering courtesy of Revista 66 projects totaling $7.9 million and 8.9 million square feet are underway or planned. If the Northeast region is any indication, this might be a boom time for healthcare real estate […]
Breaking News: Ventas to buy ARC for $2.6 billion
Largest healthcare REIT to become even larger Healthcare Real Estate Insights™ has learned that Chicago-based Ventas Inc. (NYSE: VTR) has agreed to acquire American Realty Capital Healthcare Trust Inc. (Nasdaq: HCT) in a stock and cash transaction valued at $2.6 billion, or $11.33 per ARC Healthcare share. The blockbuster deal makes Ventas, the largest healthcare real estate […]
Industry Pulse :Twin Cities Investor Market Heating Up
For the past several years, the MOB investment market in the Twin Cities of Minneapolis-St. Paul, Minn., has been rather dull. Despite an active and innovative healthcare scene – the health maintenance organization (HMO) was invented in Minnesota in the 1960s, for example – very few healthcare facilities were bought or sold.
Industry Pulse On the Record: Thomas D’Arcy
“Will health systems begin monetizing MOBs at some point? “We’re seeing regional healthcare systems beginning the process of monetizing their assets… Over time, investors such as the people in this room (at the 2014 BOMA MOB conference) are going to be owning more and more of the healthcare facilities in this country.” Thomas D’Arcy, CEO […]
Industry Pulse: BOMA MOB Conference Crowd Grew Nearly 31%
Nashville, Tenn., event attracted 1,000-plus Back in the early 2000s, people involved in healthcare real estate might’ve asked each other, “Are you going to BOMA’s MOB conference this year?” These days, the conference has become so familiar in the healthcare real estate (HRE) sector that is has simply referred to as “BOMA.” That’s because as […]
