Post-Acute & Senior Living: Manhattan getting new AL projects
Developers looking to tap into affluent cohort that doesn’t want to leave the city By John B. Mugford Conventional wisdom might say that developing a new senior living healthcare facility in the heart of one of the world’s most expensive real estate markets doesn’t make much sense, as rents would prove to be too high […]
Industry Pulse: Hospital Property Tax Exemptions Threatened
More and more municipalities are challenging traditional non-profit property tax exemptions As recently as the early 1990’s, property tax-exempt status for nonprofit organizations, including hospitals, was nearly sacrosanct. Typically, all they needed to do to qualify was to demonstrate that they were “exempt organizations” under section 501(c)(3) of the Internal Revenue Service (IRS) Code.
Inpatient Projects: BayCare’s Mease Countryside Hospital near Tampa, Fla., plans $156 million project
Mease Countryside Hospital, part of Clear water, Fla.-based BayCare, recently announced plans for a new four-story patient tower and a parking garage on the campus in Safety Harbor, in
Cover Story: The year of the portfolio
A surge in multi-asset transactions led to 2017 MOB sales records in volume, pricing, cap rates and more By John B. Mugford 2017 MOB sales volume set another new record. MOB sales totaled $12.55 billion, according to RCA’s data. That topped the 2016 total of $10.21 billion by 22 percent. It also far surpassed the […]
Transactions: CNL Healthcare Properties II acquires on-campus MOB in Overland Park, Kan
Orlando, Fla.-based CNL Healthcare Properties II, a non-traded healthcare-focused REIT, in December closed on the acquisition of a 38,496 square foot MOB in Overland Park, outside of Kansas City,
Outpatient Projects: Anchor to be part of new campus
HRE firm chosen as co-developer of an 85,000 square foot MOB in Milford, Del. By John B. Mugford A future healthcare campus under construction on the outskirts of Milford, Del., has been designed to provide medical services for residents in the central and southern part of the state for the next 100 years.
Outpatient Projects: The Sanders Trust enters its 25th state by starting a new MOB near Chicago
Birmingham, Ala.-based The Sanders Trust (TST) has started construction on a future $11.2 million, 30,000 square foot medical office building (MOB) in Glenview, a Chicago suburb. The project
Industry Pulse: HTA Invested $2.73 Billion In Mob Assets Last Year
Healthcare Trust of America accounted for nearly 22 percent of 2017 MOB acquisitions As detailed in this month’s Cover Story. “The Year of the Portfolio,” stating on Page 20, medical office building (MOB) sales hit an all time high last year with a total of $12.55 billion, according to commercial real estate data firm Real […]
Industry Pulse: Number Of Uninsured Rose Sharply In 2017
Last year’s 3.2 million uptick was the largest in a decade The number of Americans without healthcare insurance is declining, right? Not anymore. A Gallop poll released Jan. 16, 2018, found that the number uninsured Americans rose sharply between 2016 and 2017, reversing a three-year decline.
Transactions: Aurora makes $433 million buy
System acquires 18 leased properties from Welltower in ‘reverse monetization’ By John B. Mugford Last fall, several members of the Editorial Advisory Board (EAB) of Healthcare Real Estate Insights™ predicted that “reverse monetizations” would be on the upswing in 2018.
Industry Pulse: Chinese Firm Sets Up $1.2 Billion Hre Fund
JV to invest in healthcare real estate along Chinese rail lines American investors aren’t the only ones interested in healthcare real estate. Singapore-based Perennial Real Estate Holdings, together with its partners, announced Jan. 3, 2018, that it has set up a $1.2 billion joint venture (JV) vehicle that would acquire and develop large scale and […]
Capital Markets: Lending to different borrower types
Terms differ when lending to private investors vs. institutional buyers By Erik Tellefson Lenders that can serve a wide variety of borrowers enjoy an inherent advantage in the medical office space. For example, private investors and institutional buyers often require significantly different terms and structure for loans.
Inpatient Projects: Lansing, Mich., health system announces plans for a $450 replacement hospital
Local health system McLaren Greater Lansing recently announced that it is planning a new $450 million hospital that would
Post-Acute & Senior Living: Partnership of Denver firms breaks ground on 77-unit community in New Mexico
Construction has started on a future 70,863 square foot senior living community in Rio Rancho, north of Albuquerque. The 77-unit MorningStar of Rio Rancho will offer assisted living and memory
Post-Acute & Senior Living: Senior Resource Group acquires 303-unit community in Arizona; HFF represents the seller
Solana Beach, Calif.-based Senior Resource Group LLC recently acquired The Heritage Tradition, a 303-unit, “Class A” senior housing property in the Del Webb community of Sun City West. A