Outpatient Projects: Summit Health breaks ground for $15 million MOB in south-central Pennsylvania
GREENCASTLE, Pa. – Chambersburg, Pa.-based Summit Health broke ground May 30 for a $15 million, three-story, 45,000 square foot MOB in Greencastle, about 30 miles from Gettysburg.
Inpatient Projects: UNC Health Care readies to break ground on $290 million surgical tower in Chapel Hill, N.C.
CHAPEL HILL, N.C. – Two years after first announcing plans for a surgical tower to replace aging operating rooms (ORs) in its N.C. Memorial Hospital, UNC Health Care plans to break ground in September on an expanded version of the project.
Inpatient Projects: Venice (Fla.) Regional Health receives CON to build $212 million, 201-bed replacement hospital
VENICE, Fla. – As noted above, Venice Regional Bayfront Health also received state approval in early July to move forward with plans for a new hospital in Venice.
Inpatient Projects: Sentara Health applies for COPN to build 24-bed hospital on outpatient campus in Suffolk, Va.
SUFFOLK, Va. – Ever since Norfolk, Va.-based Sentara Healthcare opened a new outpatient campus with a freestanding emergency department (FED) in the northern part of Suffolk in 2008, the number of patients needing to be transferred to other area hospitals has continued to grow.
Inpatient Projects: Hospital proposed near competito
Highmark and Penn State Health plan a 108-bed facility near Harrisburg, Pa. By John B. Mugford When Pittsburgh-based Highmark Inc., a large insurer with more than 5 million members in three states, formed a partnership with Hershey, Pa.-based Penn State Health in late 2017, the announced goal was to build a strong healthcare network in […]
Companies & PeopleAnchor Health Properties starts women’s specialty center in King of Prussia, Pa.
KING OF PRUSSIA, Pa. – The Wilmington, Del., office of Anchor Health Properties recently started the development of the $32 million, seven-story, 94,000 square foot Women’s Specialty Center in King of Prussia, about 20 miles from Philadelphia.
Inpatient Projects: Children’s Healthcare of Atlanta submits CON application for $1.5 billion replacement hospital
BROOKHAVEN, Ga. – The most expensive hospital proposal in the history of Georgia’s Certificate of Need (CON) program was recently submitted by Children’s Healthcare of Atlanta.
Industry Pulse: Providers are more real estate savvy
Systems and physicians are becoming more sophisticated Healthcare systems and physicians groups might have paid minimal attention to their real estate dealings in the past, but new pressures, challenges and opportunities are motivating them to make that more of a priority.
Industry Pulse: Senior housing is still booming in S. Florida
Development rolls on, but affordability is a concern National senior housing occupancy rates recently hit an eight-year low (please see “Senior housing occupancy falls” on Page 16 of this edition of Healthcare Real Estate Insights™), but development is still booming in South Florida – especially when it comes to luxury units.
Capital Markets: 2018 BOMA MOB Conference
An excellent opportunity to network and hear about transactions in the market By Erik Tellefson In early May I attended the BOMA MOB 2018 conference over three days in Houston. Overall, this year’s conference was held at a very strong location, the Marriott Marquis Houston. The event was efficient from a networking perspective and included […]
Post-Acute & Senior Living: G-A REIT IV buys a 79-unit assisted living and memory care facility in Texas for $19.5 million
BEAUMONT, Texas – In more news from Griffin-American Healthcare REIT IV, the non-traded REIT in early July acquired a 79-unit assisted living and memory care facility in Beaumont, about 90 miles east of Houston, for $19.5 million.
Post-Acute & Senior Living: MedEquities Realty Trust acquires IRF in Indiana for $23.4 million; signs Vibra to 15-year lease
NEW ALBANY, Ind. – MedEquities Realty Trust Inc. (NYSE: MRT), a real estate investment trust (REIT), recently acquired the Southern Indiana Rehabilitation Hospital.
Post-Acute & Senior Living: Senior housing occupancy falls
Q2 rate across all senior product types was 87.9 percent – an eight-year low By John B. Mugford Senior housing occupancy rates across all product types have dipped to their lowest point in more than eight years, evidently because new construction has outpaced new demand. Last month, we took a look at the falling occupancy […]
Industry Pulse: Beyond the Boomers: Is your firm ready?
Millennials are on track to be the largest population group Did you know that the population of millennials is projected to exceed the population of baby boomers by next year?
Industry Pulse: On the Record – Tony Perez
Are providers becoming more sophisticated about real estate?