Transactions: MBRE acquires fully occupied MOB in Westford, Mass, for $19.05M; Cushman was the broker
According to information from real estate research firm Real Capital Analytics (RCA) Inc., Chicago-based MB Real Estate (MBRE) recently the 63,895 square foot Westford Health Center at 133
News Release: ProMedica Health System to Acquire HCR ManorCare Redefining Care for Seniors
ProMedica Health System to Acquire HCR ManorCare Redefining Care for Seniors – Welltower and ProMedica enter into Joint Venture that will propel ProMedica to be in the top 15 largest U.S. Health Systems – First, of its kind partnership spans the full spectrum of care, including wellness, skilled nursing, memory care, assisted living, hospice and […]
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 Editor’s note: This is an expanded version of this article that originally appeared in the April 2018 edition of HREInsights magazine. For some time now, healthcare real estate (HRE) professionals have debated what major influences or “disruptors” are significantly impacting […]
News Release: ProMedica Health System And Welltower To Acquire Quality Care Properties In Newly Formed Joint Venture
ProMedica (A1/A+) to Acquire QCP Principal Tenant, HCR ManorCare, and Enter Into New 15-Year Lease With Welltower and ProMedica Property Joint Venture (80/20) with 1.8x EBITDAR Coverage ~8% Yielding $2.2 Billion Investment at Welltower Share Investment Expected To Provide ~$0.20 Per Share Annual Accretion to Welltower(1) Joint Venture to Propel ProMedica to be in the […]
Companies & People: A Sina resurgence
Seven years after selling DASCO, Malcolm Sina and his new firm are on a roll By John B. Mugford Back in 2011, there were probably more than a few professionals involved in healthcare real estate (HRE) who thought Malcolm S. Sina, one of the best-known medical office building (MOB) developers in the country, would ease […]
News Release: HFF announces $5.979M sale of Aurora Health Center in Milwaukee, WI
CHICAGO, IL – April 24, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $5,979,000 sale of Aurora Health Center, a 25,466-square-foot medical office building in Milwaukee, Wisconsin. The HFF team marketed the property on behalf of the seller, Atkins Companies, and procured the buyer, Healthcare Trust Inc. Completed in 2000, Aurora Medical Center is […]
News Release: Sina Companies delivers inpatient rehab hospital in Las Vegas
The 44-bed, 56,220-square foot, inpatient PAM Rehabilitation Hospital of Centennial Hills in northwest Las Vegas will be leased to Post-Acute Medical, an operator of specialty, rehabilitation and surgical hospitals LAS VEGAS and PALM BEACH GARDENS, Fla., April 25, 2018 – Sina Companies announces the completion of the PAM Rehabilitation Hospital of Centennial Hills, a 44-bed inpatient rehabilitation […]
News Release: HFF announces $5.979M sale of Aurora Health Center in Milwaukee, Wisconsin
Holliday Fenoglio Fowler, L.P. (HFF) announces the $5.979 million sales of Aurora Health Center, a 25,466-square-foot medical office building in Milwaukee, Wisconsin. The HFF team marketed the property on behalf of the seller, Atkins Companies, and procured the buyer, Healthcare Trust Inc. Completed in 2000, Aurora Medical Center is a multi-specialty outpatient facility and surgical […]
News Release: Stage Equity Acquires Hospital-Sponsored Medical Office Bldg in Green Bay
Stage Equity Partners Acquires On-Campus, Hospital-Sponsored Medical Office Building in Green Bay, Wisc. Stage Equity Partners LLC (“Stage”), a Chicago-based private real estate investment firm focused on healthcare assets, has acquired St. Mary’s Medical Office Building in Green Bay, Wisconsin for $7.275 million. The 50,000 square-foot on-campus medical office building is 100% leased to St. […]
News Release: LILLIBRIDGE TO HOST THREE SPECIAL INTEREST ROUNDTABLES AT BOMA MOB CONFERENCE IN HOUSTON
LILLIBRIDGE HEALTHCARE SERVICES TO HOST THREE SPECIAL INTEREST ROUNDTABLES AT BOMA INTERNATIONAL’S 2018 MEDICAL OFFICE BUILDINGS + HEALTHCARE REAL ESTATE CONFERENCE IN HOUSTON Seven expert speakers will address key industry topics of interest: Cyber Security, Sustainability and Master Campus Planning Lillibridge Healthcare Services Inc., a wholly owned subsidiary of Ventas, Inc., (NYSE:VTR) and one of […]
News Release: Newmark Knight Frank Global Healthcare Services Sale Announcement
Newmark Knight Frank Global Healthcare Services RECENTLY SOLD: Belpre Medical Campus, Belpre, OH Total SF: 155,600 SF Medical Office Portfolio Selling Price: $64,200,000 Sale Date: 4/19/2018 Todd Perman, CCIM Executive Managing Director Global Healthcare Services 404.806.2510 tperman@ngkf.com Garth Hogan Executive Managing Director Global Healthcare Services 949.608.2115 ghogan@ngkf.com Dana Hamric Managing Director Global Healthcare Services 404.806.2513 dhamric@ngkf.com Bryan […]
News Release: The Neenan Company Completes One Health Care Project, Breaks Ground on Two in California
FOR IMMEDIATE RELEASE April 24, 2018 Design-build firm and Community Health Centers of the Central Coast grow relationship with three projects FORT COLLINS, Colo. — The Neenan Company, a fully integrated design-build firm based in Colorado, completed one project on California’s Central Coast and breaks ground on two more for Community Health Centers of the Central Coast (CHC). […]
News Release: Global Medical REIT Inc. Announces Closing of the Acquisition of the Belpre Medical Office Portfolio in Belpre, Ohio for an Aggregate Purchase Price of $64.2 Million
Press Release Company Release – 4/24/2018 8:15 AM ET BETHESDA, Md.–(BUSINESS WIRE)– Global Medical REIT Inc. (NYSE:GMRE) (the “Company”), a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to strong clinical operators with leading market share, today announced the following event: Closing of the Acquisition of […]
News Release: Montecito Medical Acquires Wisconsin Medical Office Building
Montecito Medical Acquires Medical Office Building from Leading Orthopedic Provider in Wisconsin FOR IMMEDIATE RELEASE April 24, 2018 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired a significant healthcare property from Orthopaedic Associates of Wisconsin (OAW), one of the state’s leading providers of orthopedic services. […]
Inpatient Projects: Local developers plan four-story, 42,000 square foot MOB across from Owensboro (Ky.) Health Regional Hospital
OWENSBORO, Ky. – A pair of local developers have proposed a four-story, 42,000 square foot MOB on a 3-acre site they own across the street from Owensboro Health Regional Hospital in this eastern Kentucky community on the Indiana border. The local Messenger-Inquirer newspaper reports that Steve Hayden and Rick Isbill of H&I Development Co. have […]