News Release: JLL Income Property Trust Fully Subscribes $200 Million Diversified DST Portfolio
CHICAGO, May 1, 2023 /PRNewswire/ — JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $7 billion in portfolio assets, announced today that it has fully subscribed JLLX Diversified II, DST. The five-property, $200 million diversified portfolio was structured as a Delaware Statutory Trust designed to provide 1031 exchange […]
News Release: H2C Advises Summit Development on Monetization of Westchester Medical Office Building
H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as advisor to Summit Development LLC (“Ownership”) on the monetization of The Medical Offices at Chappaqua Crossing (the “Property”). In a transaction led by H2C Executive Director Matthew Tarpley, the Property sold for $40.0 Million. The ±490,000-square foot Property, which originally served as the Global […]
News Release: VMG Health Acquires BSM Consulting, a Healthcare Consulting Firm
May 01, 2023 08:00 AM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–VMG Health, a leading full-service healthcare strategy and transaction advisory firm, is pleased to announce it has acquired BSM Consulting (“BSM”), a specialist healthcare consulting firm with offices in Reno, Nevada and Phoenix, Arizona. VMG Health is owned by VMG employees and Northlane Capital Partners (“NCP”). […]
Life Sciences: Largest LSRE owners still upbeat despite challenges
Alexandria, BioMed/Blackstone and Healthpeak say they remain committed By Murray W. Wolf The four largest owners of life sciences real estate (LSRE) are publicly traded companies, and three of those released their first quarter (Q1) earnings reports in recent days. So how are their executives feeling about the current state of the LSRE market during […]
News Release: ANCHOR HEALTH PROPERTIES LAUNCHES $2M RENOVATION TO ATLANTA MEDICAL OFFICE BUILDING
Transwestern Leases 90,379 SF Property on Wellstar Windy Hill Hospital’s Campus APRIL 26, 2023 – ATLANTA – Transwestern Real Estate Services (TRS) announces Anchor Health Properties has launched a $2 million renovation program at The Pavilion at Windy Hill, a 90,379-square-foot medical office building at 2550 Windy Hill Road SE in Marietta, Georgia. Transwestern’s Steve […]
News Release: Healthpeak Properties Reports First Quarter 2023 Results and Declares Quarterly Cash Dividend on Common Stock
DENVER, April 27, 2023 /PRNewswire/ — Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the first quarter ended March 31, 2023. FIRST QUARTER 2023 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.22 per share, Nareit FFO of $0.42 per share, FFO as Adjusted of $0.42 per share, AFFO of $0.38 per share, […]
News Release: LTC Reports 2023 First Quarter Results and Discusses Recent Activities
April 27, 2023 04:15 PM Eastern Daylight Time–(BUSINESS WIRE)–LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the first quarter ended March 31, 2023. Three Months Ended March 31, 2023 2022 (unaudited) Net income available […]
News Release: Healthpeak Properties Board Appoints Kathy Sandstrom as Chair
NEWS PROVIDED BY Healthpeak Properties, Inc. Apr 27, 2023, 16:15 ET DENVER, April 27, 2023 /PRNewswire/ — Healthpeak Properties, Inc. (NYSE: PEAK) announced today that Kathy Sandstrom was appointed as independent Chair of the Board of Directors. Ms. Sandstrom succeeds Brian Cartwright, who will continue to serve on the Board as an independent director. “Regular rotation […]
News Release: Healthpeak Properties Board Appoints Kathy Sandstrom as Chair
DENVER, April 27, 2023 /PRNewswire/ — Healthpeak Properties, Inc. (NYSE: PEAK) announced today that Kathy Sandstrom was appointed as independent Chair of the Board of Directors. Ms. Sandstrom succeeds Brian Cartwright, who will continue to serve on the Board as an independent director. “Regular rotation of board leadership promotes effective corporate governance and introduces fresh perspectives and energy […]
News Release: Medical Properties Trust, Inc. Reports First Quarter Results
Per Share Net Income of $0.05 and Normalized FFO of $0.37 in First Quarter Recent Transactions Validate Underwritten Values; Provides Additional Capital Flexibility Declared Second Quarter Regular Dividend of $0.29 Per Share BIRMINGHAM, Ala., Apr. 27, 2023–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the […]
News Release: CBRE Group, Inc. Reports Financial Results for First-Quarter 2023
GAAP EPS Declined 68% to $0.37 Core EPS Declined 34% to $0.92 DALLAS, Apr. 27, 2023–(BUSINESS WIRE)–CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the first quarter ended March 31, 2023. Consolidated Financial Results Overview The following table presents highlights of CBRE performance (dollars in millions, except per share data; totals may not add […]
News Release: Montecito Medical Acquires Another Medical Office Property in Virginia
ROANOKE, Va., Apr. 27, 2023 — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 209,000-square-foot medical office property in Roanoke, Virginia.The two-story building is tenanted by Carilion Children’s Clinic. “This is a remarkable medical real estate asset located in an attractive market area,” said Rus Gudnyy, Senior Vice President of Investments […]
News Release: $78 million financing secured for 19-property healthcare portfolio
JLL Capital Markets arranged the financing for healthcare portfolio spanning nine states DALLAS, April 26, 2023 – JLL Capital Markets announces today that it has arranged $78 million through multiple financings for a 19-property healthcare portfolio totaling 319,424 square feet in nine states. JLL worked on behalf of the borrower, Montecito Medical Real Estate to […]
News Release: Office Properties Income Trust Announces First Quarter 2023 Results
April 26, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx. A conference call to discuss OPI’s first quarter results will be held on […]
News Release: Increase in Lab Vacancy in Q1 Opens More Options for Life Sciences Companies
Press Release FOR IMMEDIATE RELEASE Life sciences employment and average rental rates are up, while venture capital is down in first quarter Dallas – April 26, 2023 – Lab vacancy increased across the top 13 U.S. life sciences markets in the first quarter, providing relief for companies that had found little available space in recent […]