News Release: Bear Real Estate Advisors Represents Capital Square 1031 in Acquisition of New Memory Care Facility in Greater Houston
HOUSTON – (May 8, 2019) – Bear Real Estate Advisors, a real estate investment services firm, announced today that it represented Capital Square 1031 in the investment sponsor’s acquisition of a new, 10,000-square-foot Class A memory care facility in greater Houston. “Completed in April of this year, the property’s new construction, coupled with the rising […]
News Release: St. Cloud (Fla.) Regional Medical Center Continues To Expand With New Medical Office Building
May 8, 2019 St. Cloud (Fla.) Regional Medical Center is finalizing plans to break ground on a new on-campus, ambulatory Medical Office Building in May. The approximately 50,000 square feet, two-story building will be constructed on the corner of U.S. Highway 192 and Budinger Ave. in St. Cloud, Fla. It is expected to take approximately 12 […]
News Release: Ridgeline Capital Partners and Harrison Street Acquire Behavioral Health Facility in Fort Worth, TX
FOR IMMEDIATE RELEASE May 7, 2019 Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”) and Harrison Street recently completed the acquisition of the Fort Behavioral Health facility in Fort Worth, TX. The “Class A” facility was significantly renovated in 2018. The 124,990 square foot, 125-bed building has five separate wings providing medically supervised detox, personalized addiction […]
Feature Story: Capital partnerships are all the rage in HRE
For good reason, according to panelists at BOMA MOB conference MINNEAPOLIS — In the early days of the medical office building (MOB) sector, companies that had started to focus exclusively on developing, acquiring and managing such facilities often relied on a network of high net worth individuals, friends and family included, to invest in their […]
Feature Story: BOMA MOB conference was a big hit, again
Event enjoyed near-record attendance and high marks for content, networking MINNEAPOLIS – It is our understanding that the seeds of the BOMA International Medical Office Buildings + Healthcare Real Estate Conference were planted in 2003. That’s when a “Medical Office Buildings Seminar” was offered as part of the annual BOMA International Annual Conference and The […]
News Release: Meridian Names Real Estate Veteran Awais Mughal as Senior Vice President of Acquisitions
FOR IMMEDIATE RELEASE: SAN RAMON, Calif. – Meridian, a full-service real estate developer and owner of commercial real estate, announced today that industry veteran Awais Mughal has been hired as Senior Vice President of Acquisitions. Mughal will be based in Meridian’s San Ramon headquarters located at 2420 Camino Ramon, Suite 215 and will lead […]
News Release: Anchor Health Properties Sources Premier Class A Franklin, Tennessee Asset
FOR IMMEDIATE RELEASE May 6, 2019 (Wilmington, DE) Anchor Health Properties (Anchor) a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, is pleased to announce the closing of a 68,485 square foot, three-story, campus adjacent Class A outpatient medical office building in Franklin, Tennessee. Anchor Health Properties sourced […]
News Release: Transwestern brokers sale of 138,373 sf Northwest Medical Portfolio in Houston
(May 6, 2019 – Houston) – Transwestern Commercial Services (TCS) today announces it brokered the sale of Northwest Medical Plaza I and III in Houston. The properties, totaling 138,373 square feet, were purchased for an undisclosed amount by Dallas-based Altera Development Company LLC. TCS Executive Vice President Justin Brasell, Vice President Sarah Carter and Senior […]
News Release: Welltower Expands Leadership Team in Investments
5/6/2019 9:08:06 AM Ayesha Menon Edward Cheung TOLEDO, Ohio, May 6, 2019 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that Ayesha Menon and Edward Cheung have joined the Company as Senior Vice Presidents of Investments. “I am very pleased to welcome Ayesha and Edward to Welltower,” said Tom DeRosa, Welltower’sChief Executive Officer. “The expertise and talent that these individuals bring to their respective roles […]
News Release: Echo Development Group, Inc. Acquires Medical Building for Behavioral Health Clinic Build-to-Suit Redevelopment
FOR IMMEDIATE RELEASE Akron, OH (May 6, 2019) – Echo Development Group, Inc. announces it has acquired an existing medical building in partnership with BrightView – an outpatient addiction medicine practice based in Cincinnati, OH. The property is located at 999 North Main Street in Akron, OH (approximately 3 miles north of the downtown CBD), […]
News Release: Just Closed – Senior Housing JV Equity and Debt
Cadence Capital Partners Healthcare Real Estate Group secures debt & equity capital for senior housing development Cadence Capital partners is pleased to announce the closing Of the joint venture equity and construction financing for the development of a Class A, 165-unit, independent, assisted, and memory care community in St. Petersburg, Florida. Cadence worked on behalf […]
News Release: National construction costs on the rise: Rider Levett Bucknall releases latest report
Rider Levett Bucknall Takes the Pulse of Construction Costs in Latest Quarterly Report International property and construction consultancy firm, Rider Levett Bucknall (RLB), has released its latest Quarterly Cost Report (QCR) for North America. With data current to January 1, 2019 and featuring construction cost information on 14 markets, it provides a statistical view of […]
News Release: Amenity-Rich, Mixed-Use Design will Further Connect World’s Largest Medical Complex
May 01, 2019 Houston – Transwestern Development Co. (TDC®) today announces it has been selected to provide development services for the transformational TMC3 Campus by the Texas Medical Center (TMC) and the project’s Founding Institutions: Baylor College of Medicine, Texas A&M Health Science Center, University of Texas Health Science Center at Houston, and University of Texas MD Anderson Cancer Center. […]
News Release: Just Closed :: Greenleaf Center Portfolio
Sale Date: 4/3/2019 Portfolio Size: 197,385 SF % Leased: 93% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Greenleaf Center Portfolio (the “Portfolio”), located in Gurnee, Illinois. Lee Asher, Chris Bodnar, Shane Seitz, Sabrina Solomiany and Ryan Lindsley partnered with Kevin Segerson in the Illinois market to act as the […]
News Release: HFF arranges financing for a 9-property, multi-state behavioral healthcare portfolio
WASHINGTON, D.C. – May 1, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged financing for a nine-property, multi-state behavioral healthcare portfolio totaling 943,843 square feet and 765 licensed beds. HFF worked on behalf of the borrower, Perimeter Healthcare, and its financial sponsor, Ridgemont Equity Partners, to secure the five-year, floating-rate senior […]