Industry Pulse: 7.9%
That’s the national average medical office building (MOB) capitalization rate for all of 2012, according to real estate research firm Real Capital Analytics (RCA) Inc. That includes both on- and off-campus facilities, as well as MOBs of varying quality levels. Of course, it can be dangerous to generalize because a range of factors contribute to […]
Industry Pulse: $640m bio real estate merger could impact HRE
A proposed combination of BioMed Realty Trust and Wexford Science & Technology could affect HCP, HCN and perhaps others. The healthcare and bioscience real estate markets are largely independent. Both segments owe their fundamental existence to healthcare. But they include very different property types: mostly medical office buildings (MOBs) and senior living facilities in the […]
Industry Pulse: Healthcare REITs attracting attention
Ventas isn’t the only healthcare REIT in the spotlight recently. We noticed that several other denizens of the healthcare sector have been featured in recent editions of REIT: Real Estate Investment Today, the magazine of the National Association of Real Estate Investment Trusts Inc. (NAREIT). The cover story in the January/February edition was “Duke’s Transformative […]
Industry Pulse: Ventas says it might invest in hospitals
It’s not all that unusual for HRE investors to own hospitals. Typically, however, those hospitals have been rehabilitation, long-term care or other specialty facilities, not general acute care hospitals. But could acute care hospitals be the next frontier of healthcare real estate investment? No lesser authority than the chairman and CEO of one of the […]
Industry Pulse: SANFORD HEALTH: COMING TO A MARKET NEAR YOU?
Haven’t heard of Sanford Health? You will. The fast-growing healthcare system wants to expand beyond its rural roots to urban areas. From one hospital in Sioux Falls, S.D., in 2004, Sanford has grown to become the nation’s largest rural, not-for-profit provider, with locations in 126 communities in eight states. Fueled by credit card mogul T. […]
Industry Pulse: Lines blur between inpatient, outpatient
As outpatient facilities become such a major focus of the country’s healthcare delivery model, perhaps it will become more and more difficult to distinguish between inpatient hospitals and certain outpatient facilities, such as surgery centers. In a growing area southeast of Jacksonville, Fla., St. Vincent’s HealthCare is planning to open a new hospital in October […]
Industry Pulse: Survey details largest senior living operators
Holiday Retirement Corp., Emeritus Corp. (NYSE: ESC) and Merrill Gardens LLC top a new survey of the nation’s largest senior living providers. Many of the healthcare real estate investment trusts (REITs) and other investors that own medical office buildings (MOBs) also own senior living facilities. That means many senior living firms are tenants or prospective […]
Industry Pulse: $2 billion project being reviewed in San Francisco
California Pacific Medical Center’s titanic building program looks to be back on course after the health system and its parent company, Sacramento, Calif.-based Sutter Health, reached a compromise with the San Francisco Board of Supervisors. After months of contentious negotiations, the compromise calls for CPMC to move forward with a scaled-down version – at 274 […]
Industry Pulse: On the Record
What is driving the uptick in development? “Health systems (are) thinking more strategically on how to … get the right facilities in the right locations at the lowest costs and with the right outcome.” Mike Lincoln, Executive VP, Lillibridge What is going to happen to older, obsolete MOBs? “Many of those are […]
Industry Pulse: HEALTHCARE SPENDING SET TO REALLY TAKE OFF
Lest anyone forget what a meteoric rise is expected to take place in healthcare spending in coming years, a recent report spells it out rather clearly. Healthcare stocks have been on an impressive run to start 2013, Research Driven Investing at www.RDInvesting.com notes in a recent report. The firm says that the Centers for Medicare […]
Industry Pulse: MEDICAL PROPERTIES PART OF COMPANY ACQUISITION
When Realty Income Corp. (NYSE: O) closed on its $1.9 billion acquisition of American Realty Capital Trust (ARCT) in January, it received more than 500 properties as part of the purchase. In closing the deal, Escondido, Calif.-based Realty Income Corp., which owns more than 3,500 properties, also became an owner of some medical office buildings […]
Industry Pulse: 1$ BILLION YEAR AHEAD FOR ARC HEALTHCARE?
There’s no doubt that 2012 was a big year for American Realty Capital (ARC) Healthcare Trust. In fact, the New York-based, non-traded real estate investment trust (REIT) both raised and then invested more than $500 million on medical office buildings (MOBs), seniors housing properties and post-acute facilities. Yet the REIT’s officers say this year will […]
Industry Pulse: On The Record
Who is raising the most capital to buy MOBs? “The public healthcare REITs raised more money than any other REIT sector last year and the private REITs are raising tens of millions of dollars each day (to acquire MOBs).” Jim Kornick Managing Director Avison Young
Industry Pulse: ROCHESTER, MINN., TRYING TO HOLD (ONTO) THE MAYO
In cities large and small, hospitals and health systems are quite often a source of good-paying jobs and an important cog in the local economy. Nowhere, however, might a provider’s local impact be more prevalent than in Rochester, Minn., where the renowned 148-year-old Mayo Clinic touches just about everything and everyone. In the southeastern Minnesota […]
HOK HAS A NEW ANGLE ON HOSPITAL ROOM DESIGN
The parallelogram might be the hot new shape in the design of safe, efficient hospital rooms. When designing patient rooms, architects know that putting washrooms close to beds is a must. That shortens the distance patients must walk to use the facilities, reducing the risk of falls. The trouble is, that also tends to at […]
