News Release: Ryan Companies Announces Leadership Transition
Changes are the result of a multi-year succession-planning process Minneapolis, MN (May 1, 2018) — Ryan Companies US, Inc. announced today that President and Chief Executive Officer Pat Ryan will step aside from his current duties effective June 1st to become chairman of the company’s board of directors. Brian Murray will assume the CEO position. […]
News Release: BMO Harris Healthcare Real Estate Finance acts as Sole Lender of $18.98 Million Facility for Rendina Healthcare Real Estate
BMO Harris Bank’s Healthcare Real Estate Finance group announced that it closed an $18.98MM construction loan for the development of a three-story, 61k sq. ft., ambulatory care center in downtown Bristol, CT. The Property is 100% leased to Bristol Hospital Multi-Specialty Group Inc., a subsidiary of Bristol Hospital, Inc. The facility will include a diabetic […]
News Release: Healthcare Trust of America, Inc. Reports First Quarter 2018 Earnings
Normalized FFO of $0.41 Per Diluted Share Same-Property Cash NOI Growth of 2.3%, 3.2% Excluding Forest Park Properties New Development Announced SCOTTSDALE, Ariz., April 30, 2018 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) announced results for the three months ended March 31, 2018. First Quarter 2018 Highlights Operating Net Income Attributable to Common Stockholders: Decreased (27.6)% to $9.8 […]
News Release: Luxury Women’s Hospital Opens at Medical City Dallas
Medical City Dallas April 26, 2018 DALLAS – Medical City Dallas has opened a new, $125 million Women’s Hospital to serve women with a wide variety of complex healthcare needs, from maternity to gynecology and cancer care. The expansion adds five floors to the top of Care Tower D and features 222 private rooms. The new Medical City Women’s Hospital Dallas includes: […]
Post-Acute & Senior Living: Assisted living community changes hands in Bellingham, Wash.; ESI represented the seller
In more news from ESI, the firm also recently brokered the $7.03 million sale of the 66-unit Rosewood Villa, a 66-unit assisted living community in Bellingham, Wash., about 87 miles north of Seattle.
Hot Property: A strong tenant-anchored MOB
The Hillcroft Medical Clinic in Sugar Land, Texas, continues to increase its revenues Name: Hillcroft Medical Clinic Address: 1429 Highway 6 City: Sugar Land, Texas Square feet: 40,531 Stories: three Anchor tenant: Hillcroft Medical Brokerage: BGL Real Estate Partners Brokers: Christopher L. Stai, Clinton J. Parker, Andrew R. Larwood, Allen C. Inman Not all medical […]
Inpatient Projects: Kansas City health system opens first of its six planned micro hospitals in metro
Kansas City, Mo.-based St. Luke’s Health System recently opened the first of seven planned micro hospitals in Greater Kansas City. The 17,000 square feet Leawood, Community Hospital is at 13200
Outpatient Projects: USPI develops MOB in Southlake, Texas; Adolfson & Peterson handles construction
Minneapolis-based Adolfson & Peterson Construction (AP) recently completed the construction of a new MOB for United Surgical
Inpatient Projects: Construction concludes on $73 million tower at Mercy system hospital in Crystal City, Mo.
When Chesterfield, Mo.-based Mercy Health acquired Jefferson Regional Medical Center in Crystal City, near St. Louis, the system vowed to spend up to $300 million in making upgrades. In recent
Transactions: Healthcare Trust Inc., formerly ARC HT II, makes its first 2018 acquisition; AY was the broker
New York-based Healthcare Trust Inc., a non-traded real estate investment trust (REIT), recently made its first acquisition of 2018, acquiring the Texas Children’s Hospital MOB in Houston. The
Post-Acute & Senior Living: Encompass Health to build its eighth inpatient rehab hospital in Greater Houston
In more news from Encompass Heath Corp., the company has announced plans for its eighth inpatient rehabilitation hospital in Greater Houston. A $25 million, 40-bed facility is planned for a 90
Cover Story: Healthcare real estate is still hot: How long will the good times roll?
For the foreseeable future, most HRE pros say. But they have some concerns. By John B. Mugford Coming off three especially strong years in the healthcare real estate (HRE) sector, what do some of the industry’s top professionals foresee for the near future of the industry? Barring a big spike in interest rates – the […]
Outpatient Projects: Small Nebraska town getting a large, comprehensive MOB with surgery center
The small city of Norfolk, which has about 25,000 people and sits 113 miles northwest of Omaha, is getting quite a large MOB. Construction started Sept. 29, 2017, on the future four-story,
Industry Pulse: Mob vacancies hit an all-time low last year
Medical office vacancies fell for the sixth consecutive year to a new low of 7.3 percent Coming off a record year for medical office building (MOB) sales in 2017, there is no doubt that demand remains extremely strong from a wide variety of investors for the product type. In fact, demand is so strong that […]
Companies & People: NexCore adds Tom Kelly as VP of development, Kirstin Barbour as marketing director
Denver-based NexCore Group LP announced that Tom Kelly has joined the firm as a VP, real estate development. Mr. Kelly joins NexCore Group with 15 years of experience in development,