Industry Pulse: More deals likely for Tenet after Vanguard
Health system lands new hospitals as well as even more acquisition firepower As most people involved in healthcare are well aware, Dallas-based Tenet Healthcare Corp. (NYSE: THC) in early October closed on its acquisition of Nashville, Tenn.-based Vanguard Health Systems, which had raised $450 million in an initial public offering (IPO) in 2011.
Industry Pulse: HRE hiring has been heating up this year
Increasing confidence has created a hot market for top-tier talent When the U.S. economy tanked, the healthcare real estate (HRE) sector was not immune.Although the subsequent downsizings at some firms were obviously difficult for those who lost their jobs, they were also painful for those who had to make those hard decisions, says Kevin Jones, managing […]
Industry Pulse: Even a boom town is scaling back hospital
North Dakota’s population boom is no match for trend toward smaller hospitals As the quaint prairie town of Dickinson continues to boom amid North Dakota’s oil-producing “gold rush,” its schools, roads and stores are getting bigger. Housing is expanding rapidly. It’s all part of trying to keep up with a population that has nearly doubled […]
Industry Pulse: MOBs, senior living assets on the block
SNH reports “good interest” on seven-asset MOB portfolio Healthcare real estate investment trust (REIT) Senior Housing Properties Trust (NYSE: SNH) says it is receiving “good interest” on a seven-building, 831,499 square foot medical office building (MOB) portfolio it has been marketing during the past few months. The Newton, Mass.-based firm disclosed in July that “after […]
Industry Pulse: On the Record
Is the so-called ‘retailization’ of healthcare creating new opportunities? “We’re not seeing it translate into new development volume because they’re typically in line with space that exists.” Chris Jackson, VP, Business Development Director, Lend Lease, speaking at the recent InterFace HRE Conference in Dallas What do you see as the future in terms of HRE […]
Industry Pulse: NexCore nabs Jones Lang Lasalle’s hot property
Denver-based firm agrees to acquire California and Arizona MOB portfolio for $114 million A recent U.S. Securities and Exchange Commission (SEC) filing reveals that NexCore Development LLC has agreed to acquire the 13 buildings being offered for sale by Jones Lang LaSalle (JLL) Income Property Trust Inc. as part of the so-called Dignity Health Medical […]
Industry Pulse: NexCore Development Agrees to Pay $114M for Dignity Health MOB Portfolio
Commercial real estate blogger Jay Rickey reports on his “Commercial Real Estate from the SEC” website that NexCore Group has agreed to pay $114 million for the Dignity Health MOB portfolio. Please see the full article here: http://www.jayrickey.com/2013/09/11/nexcore-development-agrees-to-pay-114m-for-dignity-health-mob-portfolio/
Industry Pulse: 2013 InterFace Healthcare Real Estate Dallas draws good turnout
We are just moments away from the start of the 2013 InterFace Healthcare Real Estate Dallas conference, and the conference organizers say we will have a very good turnout: about 230 registrants from the Dallas area and beyond. As always, Healthcare Real Estate Insights is a proud Media Sponsor of this excellent annual event. Things […]
Industry Pulse: Are you ready for some senior housing?
Senior housing is replacing the NFL at the former site of Baltimore’s Memorial Stadium Baltimore’s venerable Memorial Stadium, once home to the Baltimore Colts, Ravens and Orioles, among other pro sports teams, packed plenty of memories. But when the Colts moved to Indianapolis in 1984, support grew for the idea of replacing the antiquated stadium […]
Industry Pulse: This HRE developer was ‘Kona Inspired’
To meet Todd Varney is to meet a highly conditioned athlete. However, this was not always the case for the healthcare developer with NexCore Group.Fact is, Mr. Varney was diagnosed as obese in 2008. Though the news shocked him, it also inspired Mr. Varney to start exercising and competing in perhaps the most grueling of […]
Industry Pulse: On The Record
Is the universe of HRE investors expanding? “Yes, it’s all the same people plus it’s non-traded REITs for sure – five or six of them that are aggressively looking at senior housing, skilled nursing and medical office. There are pension funds, private equity and certainly, the public REITs, and even some operators. So it’s a […]
Industry Pulse: Lillibridge/Ventas nabs Advocate MOB Portfolio
Lillibridge didn’t need to travel far to find its newest medical office portfolio acquisition. Lillibridge, and its parent company, publicly traded Ventas (NYSE: VTR), are both based in Chicago, whose metropolitan area is home to the seven buildings offered in the in the Advocate Medical Office Portfolio. Lillibridge/Ventas closed on the 408,734 square foot portfolio […]
Industry Pulse: Ex-Hospital Reborn as Senior Housing
As more hospitals close in the wake of healthcare reform, increasingly the question is becoming: What do we do with the old campus? At least one ex-hospital, a former tuberculosis facility that was later used as a mental health center and school for disabled children, has found new life as a senior living community. A […]
Industry Pulse: Employing Physicians: Is it Really a Good Idea?
For healthcare real estate (HRE) firms, the long-term effect of employed docs is unclear. But, so far, most HRE professionals are not complaining about the trend, as filling buildings with employed physicians has a positive effect on the credit ratings of a building’s tenancy. But one well-known healthcare observer has a number of concerns for […]
Industry Pulse: On The Record
What MOB acquisitions opportunities are you seeing? “We continue to see plenty of opportunity to acquire individual properties, ranging from $20 million to $50 million at attractive cap rates of about 7 percent on average.” Todd J. Meredith EVP of Investments, Healthcare Realty Trust Will kind of cap rates are you seeing for […]
