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,
Transactions: Local firm acquires 128,000 s.f. MOB near Las Vegas; Capital One and Kayne provide financing
Las Vegas-based The Stable Development Cos. recently acquired a 128,000 square foot MOB at 7455 W. Washington Ave. in Summerlin, near Las Vegas. The company plans to make
Companies & People: Former HFF executive Phil Mahler joins Hammes Partners as a senior VP
Healthcare Real Estate InsightsTM has learned that healthcare real estate (HRE) sector veteran Phil Mahler has joined Brookfield based Hammes Partners as a senior VP. Mr. Mahler was previously a managing director with the national healthcare practice of Holliday
News Release: Welltower Reports First Quarter 2018 Results
Welltower Inc. (NYSE: WELL) today announced results for the quarter ended March 31, 2018. For the quarter, we generated net income attributable to common stockholders of $1.17 per share and normalized FFO attributable to common stockholders of $0.99 per share. Quarterly Highlights Delivered $137 million of pro rata development projects with an expected stabilized yield of 9.3% Funded $476 million in pro-rata new property acquisitions at […]
Industry Pulse: On the Record
How do MOB monetizations affect physician satisfaction? “We’ve done studies in the past showing that in most instances
Industry Pulse: HREI Recognizes Top 2017 HRE People And Projects
The winners of the fifth annual HREI™ Insights Awards™ were announced Dec. 7. The nine awards honored excellence in healthcare real estate (HRE) development and executive leadership:
Companies & People: Toronto firm to acquire REIT that owns MOBs in Canada and the United States
Toronto-based Invesque Inc. (TSX: IVQ.U), formerly known as Main street Health Investments, announced in March that it plans
Outpatient Projects: Meridian completes new $5.1 million dialysis clinic in Castro Valley, Calif., in six months
San Ramon, Calif.-based Meridian recently completed ground-up construction of a 10,000 square foot medical office building (MOB) in Castro Valley, near Oakland. Meridian delivered the $5.1 million
Outpatient Projects: Eastern Illinois hospital submits CON application for two-story, $40.9 million MOB
Blessing Hospital in Quincy recently filed a Certificate of Need (CON) application with the Illinois Health Facilities and Services Review Board (HFSRB) to build a $40.9 million, two-story, 80,524
Outpatient Projects: Another Eastern Illinois provider receives the go-ahead for a $38.3 million MOB
In more healthcare real estate (HRE) news from eastern Illinois, Belleville, Ill.-based Memorial Regional Health Services and Washington University Physicians recently received HFSRB CON
Post-Acute & Senior Living: Sheltering Arms, VCA Health plan $119 million rehab hospital near Richmond, Va.
Plans are moving forward for the building of a $119 million, 114-bed rehabilitation hospital in Goochland County, northwest of Richmond, Va. The hospital will be a joint venture of
REIT Report: Global Medical enters big deal
REIT agrees to acquire four MOBs in Belpre, Ohio, for $64.2 million By John B. Mugford Bethesda, Md.-based Global Medical REIT Inc. (NYSE: GBRE) continues to grow its portfolio, and it will soon add four medical office buildings (MOBs), and possibly a fifth, in one transaction.