Industry Pulse: Higher Interest Rates are a Growing Issue
Fed signals that it might raise rates faster than anticipated Encouraged by a strengthening U.S. economy and increased confidence that the Federal Reserve will reach its inflation target in the near future, central bank policymakers have suggested the path of future rate hikes could be “slightly steeper” during the next few years than previously anticipated.
Outpatient Projects: Oman-Gibson Associates converts former Nashville bowling alley into medical clinic
Oman-Gibson Associates (OGA) recently converted a vacant bowling alley in Nashville into a 27,500 square foot outpatient dialysis clinic for locally based Vanderbilt Health. Nashville-based
Outpatient Projects: Kaiser Permanente receives OK for 197,800 square foot MOB in Redwood City, Calif
Oakland, Calif.-based Kaiser Permanente has received approval from the Redwood City Planning Commission to build a four-story, 197,800 square foot MOB on the campus of its 213-bed Kaiser
Inpatient Projects: Replacement hospital in Nantucket, Mass., expected to open in October 2018
Construction is more than halfway complete on a replacement facility for the current 19-bed Nantucket Cottage Hospital, the only acute care facility on the Massachusetts island. Ground was broken
Industry Pulse: Retailization blamed for Hospital Closings
From 2010-20, 25 percent of rural hospitals will close More than 120 rural hospitals have closed since 2005 and, if they keep closing at the current rate, 25 percent of all rural hospitals will have closed by 2020 – in the 10 years since the passage of the Patient Protection and Affordable care Act (PPACA) […]
Cover Story: Are you ready for the Disruptors?
Healthcare has changed in recent years, but you ain’t seen nothing yet By Connie M. McCaffrey For some time now, healthcare real estate (HRE) professionals have debated what major influences or “disruptors” are significantly impacting the healthcare industry and changing medical facility usage. That was the subject of a spirited panel discussion at the InterFace […]
Industry Pulse: On the Record
How have investor perceptions of healthcare real estate changed? “Healthcare real estate is emerging from the shadows of alternative sectors and is increasingly being viewed as a staple asset.
Transactions: Heitman paid $585M for portfolio
The PHT Portfolio included 17 assets totaling about 1.4 million square feet By John B. Mugford One of the “highest quality, on campus portfolios ever offered” has changed hands, with Chicago-based Heitman LLC purchasing 17 medical office buildings (MOBs) totaling about 1.4 million square feet, according to a Feb. 16 news release from Heitman.
Transactions: JV partners Cypress West and Virtus pay $31.8M for MOB in Henderson, Nev.; HFF was the broker
In their first joint venture (JV) acquisition together, Rancho Santa Margarita, Calif.-based Cypress West Partners and Austin, Texas based Virtus Real Estate Capital LLC recently paid $31.8 million for
Industry Pulse: Is behavioral health the next big HRE trend?
REITs and other for-profit firms are growing more active in the behavioral health space Are behavioral health facilities poised to become a significant opportunity for healthcare real estate (HRE) developers and investors? There are definitely signs pointing in that direction, according to a recent blog post by Tim Callahan, a Denver-based managing director of the […]
Industry Pulse: Hospitals Were Net Sellers of Mobs In 2017
Hospitals sold more medical buildings than they acquired last year, but not by much
Transactions: Anchor Health Properties acquires MOBs in Las Vegas and Garden City, N.Y
Wilmington, Del.-based Anchor Health Properties kicked off 2018 with a pair of MOB acquisitions. In Las Vegas, Anchor paid $17.1 million, according to RCA, for a fully occupied, 64,435 square foot
Outpatient Projects: A success story near Milwaukee
HSA PrimeCare develops, owns large MOB occupied by system and med school By John B. Mugford It was about five years when two of the top executives at Chicago based HSA PrimeCare, a long-time developer, owner and manager of healthcare real estate (HRE) facilities, established a relationship with officials at Milwaukee based Froedtert Health, a […]
Feature Story: Prescription for providers: Think and act like an investor
Systems that adopt a more corporate approach to real estate can benefit By John B. Mugford New CBRE report authored by well-known HRE and REIT analyst Jerry Doctrow suggests that health systems can reduce occupancy costs by thinking more like investors The vast majority of the healthcare facilities that any investor with an appetite for […]
Inpatient Projects: New $378 million Northwestern Medicine hospital opens in Lake Forest, Ill.
The newest hospital in the Northwestern Medicine system opened in March in the northern Chicago suburb of Lake Forest. The $378 million, Northwestern Medicine Lake Forest is a Level 2 trauma