News Release: Healthcare Systems Must Shift Real Estate Portfolios to Realize Value
Four trajectories define how systems can move ahead; each has ramifications for patients and capital projects, say DPR Healthcare leaders REDWOOD CITY, Calif., April 17, 2024 /PRNewswire/ — Healthcare systems investing in and operating their real estate portfolios as they did just five years ago are unlikely to realize their expected returns and must shift their […]
Feature Story: Time for a new type of partnership?
HRE firms, health systems should share risks and rewards, Revista panel says By John B. Mugford As he listed the numerous financial difficulties facing health systems these days – noting that the costs of running a system have increased 20 percent since 2021 while reimbursements have not nearly maintained that pace – Troy Freeman had […]
News Release: NAI James E. Hanson Negotiates Sale of Partnership Interest of Englewood, N.J. Medical Office Building
For Immediate Release Englewood, N.J (April 16, 2024) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has arranged the sale of a partnership interest of 180 North Dean Street, an 18,488-square-foot medical office building located in Englewood, N.J. NAI James E. Hanson’s Team Lizzack-Horning, comprised of […]
News Release: Hines Signs Pranax To Levit Green, Houston’s Premier Life Science Campus
Regenerative Science Biotech Firm Secures State-of-the-Art, Ready-to-Occupy Laboratory APRIL 16, 2024 (HOUSTON) – Hines, the global real estate investment manager, in partnership with 2ML Real Estate Interests and Harrison Street, today announced the next lease at Levit Green, the 53-acre mixed-use life sciences-centric district adjacent to the Texas Medical Center in Houston, Texas. PranaX, a […]
News Release: Burke Rehabilitation Announces New Outpatient Facility in West Nyack (N.Y.)
Leading rehabilitation care provider opens first site in Rockland County West Nyack, NY, (April 16, 2024): Burke Rehabilitation today announced the opening of its newest outpatient facility located in West Nyack, New York. A nationally-recognized provider of physical and medical rehabilitation care, Burke’s West Nyack location will be the organization’s first outpatient center in Rockland […]
News Release: CBRE Arranges Cypress West Partners and TPG Angelo Gordon Programmatic Joint Venture Focused on Medical Office Buildings in Sunbelt Markets
Press Release FOR IMMEDIATE RELEASE Dallas, TX – April 16, 2024 – CBRE Investment Banking announced today that it has arranged a programmatic joint venture between Cypress West Partners (“Cypress West”) and TPG Angelo Gordon, which has the ability to acquire up to $300 million in medical office assets across the Sunbelt region over the […]
News Release: Monday Properties Successfully Refinances 1812 North Moore and Shirlington Gateway for Combined $206M
Citi Provides Five-Year Fixed Rate CMBS Loans for Highly Amenitized Office Tower and Sought After Medical Office Building Monday Properties, a dynamic real estate investment firm and industry-leading developer, has secured refinancing for its Trophy office tower at 1812 N. Moore Street and state-of-the art medical office building, Shirlington Gateway. Citi Real Estate Funding, Inc. […]
News Release: NAI James E. Hanson Negotiates Sale of Partnership Interest of Englewood, N.J. Medical Office Building
Englewood, N.J – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has arranged the sale of a partnership interest of 180 North Dean Street, an 18,488-square-foot medical office building located in Englewood, N.J. NAI James E. Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack, MSRE and Randy Horning, […]
News Release: Transwestern brokers trade of three Minneapolis-area medical office buildings
(APR. 15, 2024 – MINNEAPOLIS) – Transwestern Real Estate Services (TRS) announces it represented Hammes Partners, a private investment platform focused exclusively on healthcare real estate, in the acquisition of three medical office assets in the Minneapolis area totaling 50,853 square feet. The transaction was led by Vice President Frank Richie with the assistance of […]
News Release: Prime Healthcare Services, Inc. Successfully Completes Real Estate Purchase of Hospitals and Medical Office Buildings From Medical Properties Trust
Prime now owns all operations and the real estate for the majority of its hospitals, decreasing debt and improving financial stability April 15, 2024 03:24 PM Eastern Daylight Time ONTARIO, Calif.–(BUSINESS WIRE)–Prime Healthcare Services, Inc. has completed the purchase of real estate of four facilities that comprise Saint Clare’s Health and St. Francis Medical Center […]
News Release: HREA announces the sale of the Effingham (Ill.) Ambulatory Surgery Center
EFFINGHAM, Ill., APRIL 2024 — HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery located in Effingham, IL. Effingham Surgery Center consists of 17,201 rentable square feet and is 100% leased and occupied by the practicing physicians in partnership with USPI and Sarah Bush Lincoln […]
News Release: Alfred Sanzari Enterprises Welcomes Columbia Surgical Outpatient Center to Glenpointe
For Immediate Release Teaneck, N.J. (April 15, 2024) – Alfred Sanzari Enterprises, a preeminent family-owned and operated commercial and residential real estate firm, announces its lease of 4,283 square feet with Columbia University Irving Medical Center at the company’s Glenpointe corporate campus in Teaneck, N.J. Alfred Sanzari Enterprises was represented by Newmark’s Jeff Schotz, Peter […]
News Release: Medical Properties Trust Sells Majority Interest in Utah Hospitals
Generates Approximately $1.1 Billion of Total Cash Proceeds to MPT Brings Total Liquidity Transactions Year-to-Date to $1.6 Billion, or 80% of MPT’s Initial FY 2024 Target BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has sold its interests in five Utah hospitals to a newly formed joint […]
News Release: Brand-new surgery center and medical office building unveiled by AdventHealth Daytona Beach (Fla.)
April 12, 2024 AdventHealth Daytona Beach celebrated the official opening of its $45.7 million campus-based medical office building and ambulatory surgery center yesterday. Brand-new surgery center and medical office building unveiled by AdventHealth Daytona Beach Spanning three floors, the 60,000-square-foot facility is located on the hospital campus of AdventHealth Daytona Beach and is now home […]
News Release: ZT Corporate Announces Successful Institutional Exit of Healthcare Real Estate
– The exit frees up capital and pays off debt, positioning the firm for operational growth – April 15, 2024 09:00 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced that it has successfully exited its remaining healthcare real estate assets for its portfolio […]