News Release: AdventHealth Wesley Chapel Expanding to Better Serve Pasco County
August 15, 2024 — WESLEY CHAPEL, Fla. – AdventHealth Wesley Chapel is excited to announce a major expansion to support the growing community of Pasco County. Construction began in early July, with the new additions expected to be ready by late 2025. State and local leaders, including Rep. Randy Maggard, who serves District 38, and […]
News Release: Medical Properties Trust Sells 11 Colorado Facilities for $86 Million
August 14, 2024 04:15 PM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced the completion of its sale of 11 freestanding emergency department (“FSED”), primary care, imaging and urgent care facilities in Colorado to University of Colorado Health (“UCHealth”) for $86 million. The Company intends to […]
News Release: Webster Bank Healthcare Underwrites $30,600,000; Helps Arrange and Underwrite $58,400,000 in Development Capital for Anchor Health Properties
STAMFORD, CT August 14 2024 – Webster Bank Healthcare has underwritten $30,600,000 and helped arrange and underwrite $58,400,000 in construction and mini-permanent debt financing for Anchor Health Properties in support of the ground-up development of two Inpatient Rehabilitation Facilities (IRF) – a 61,000 square foot, 52- bed IRF in Apex, North Carolina and a 100,000 […]
News Release: Northwest Arkansas hospital trades for $28.25M
JLL Capital Markets led the sales efforts for Mercy Rehabilitation Hospital Fort Smith, a 50-bed rehab hospital in Fort Smith DENVER, Aug. 13, 2024 – JLL Capital Markets announced today that it has completed the $28.25 million sale of Mercy Rehabilitation Hospital Fort Smith, a 50-bed, inpatient rehabilitation hospital (“IRF”) in the northwest Arkansas community of […]
Feature Story: Growth markets are where it’s at for HRE
Overall population growth might matter more than growth in the 65+ segment By John B. Mugford Healthcare real estate (HRE) investors and developers are talking a lot these days about the advantages and payoffs associated with looking for and finding opportunities in “growth markets.” As Hilda Martin, a principal with Arnold, Md.-based Revista and its […]
News Release: Lilly opens state-of-the-art research and development center in the Boston Seaport
Lilly Seaport Innovation Center (LSC) serves as the central hub for Lilly’s genetic medicines efforts and houses the first East Coast Lilly Gateway Labs New 346,000 square foot facility will accommodate approximately 500 Lilly scientists and researchers, in addition to 200 people from Lilly Gateway Labs’ companies INDIANAPOLIS, Aug. 13, 2024 /PRNewswire/ — Eli Lilly and […]
News Release: OhioHealth O’Bleness Hospital Kicks off $17 Million Surgery Project
OhioHealth announced today a capital investment that will transform OhioHealth O’Bleness Hospital’s surgery facilities. In fall 2023, the OhioHealth Board of Directors approved $17.2 million to be used for O’Bleness Hospital surgical suite improvements, including its operating rooms, Post Anesthesia Care Unit (PACU), sterile processing area and other support and storage areas. This is the latest in […]
News Release: Heritage Global Partners to Conduct Two Major Online Auctions of Cue Health’s Assets
Unique Opportunity by Order of the US Bankruptcy Court (Case # 24-11096-CTG), Featuring Over 2,000 Auction Lots! August 12, 2024 02:00 PM Eastern Daylight Time SAN DIEGO–(BUSINESS WIRE)–Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the Chapter […]
News Release: Oxford Finance Provides $47 Million Credit Facility to Creative Solutions in Healthcare, Inc.
ALEXANDRIA, Va. & FORT WORTH, Texas. – Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences, healthcare services, healthtech, business services and SaaS companies worldwide, today announced the closing of a $47 million senior credit facility to Creative Solutions in Healthcare, Inc. (“Creative Solutions,” or “the Company”). Funds […]
News Release: South Florida Baptist Hospital’s Grand Opening Ushers in New Beginning
PLANT CITY, Fla., Aug. 10, 2024 /PRNewswire/ — The new South Florida Baptist Hospital, part of BayCare Health System, is officially open. The 424,000-square-foot facility replaces the original hospital on Alexander Street, which served the Plant City, Florida, community for more than 70 years. As of 3 a.m. Saturday, the legacy hospital permanently closed and […]
News Release: Sold: Dignity Health Micro-Hospital in Phoenix, AZ MSA
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a micro-hospital located in a rapidly growing area in Phoenix, AZ, the capital and most populous city of Arizona. The multi-specialty Hospital and emergency care center is 100% leased and operated by Dignity Health (Fitch A-) and offers the same level […]
News Release: RSFH will sell Roper Hospital property by 2025
Roper St. Francis Healthcare is announcing today its plans to sell the 11.5-acre property where Roper Hospital is located at 316 Calhoun St. in Charleston to the Medical University Hospital Authority (MUSC Health). The transaction will not be finalized until Roper St. Francis Healthcare relocates hospital operations, anticipated for late 2029, to the Roper Hospital […]
Life Sciences: Alexandria’s frustration with NYC boils over
Long exasperated with city officials, the life sciences REIT takes legal action By Murray W. Wolf As has been widely reported, Alexandria Real Estate Equities Inc. (NYSE: ARE) filed a lawsuit in U.S. District Court last Tuesday, Aug. 6, against the New York City Health + Hospitals Corporation (H+H) and the New York City Economic […]
Life Sciences: Longfellow’s vacant Emeryville, Calif., campus faces a lawsuit and plans for a partial sale
EMERYVILLE, Calif. – In spring 2021, when the life sciences real estate (LSRE) frenzy was near its peak, Longfellow Real Estate Partners LLC proposed the development of a new, three-building, 965,322 square foot residential and office/lab project in Emeryville. The project was to entail the redevelopment of three industrial parcels totaling nearly 7.3 acres, just […]
News Release: Berkadia Secures $47.4M in Financing for a 135-Unit Seniors Housing Community in Kensington, Maryland
KENSINGTON, MARYLAND – August 8, 2024 – Berkadia announced today the financing of Modena Reserve at Kensington, a 135-unit, seniors housing community in Kensington, Maryland. Managing Directors Steve Muth and Austin Sacco of Berkadia Seniors Housing & Healthcare secured a $47.4 million loan through a Debt Fund on behalf of the sponsors: A global real […]