Post-Acute & Senior Living: Illinois senior housing portfolio sells for $32.6 million; Evans Senior Living (ESI) brokers sale
The Legacy Place Portfolio of four senior living facilities in southern Illinois recently traded for $32.6 million. Representing the seller, an independent owner/operator, was Chicago-based Evans Senior
Post-Acute & Senior Living: In a JV, Encompass Health, formerly HealthSouth, to build rehab hospital in Idaho
Birmingham, Ala.-based Encompass Health Corp. (NYSE: EHC), formerly called HealthSouth Corp., recently formed a joint venture with Boise-based Saint Alphonsus Regional Medical Center
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 […]
Companies & People: Hoefer Wysocki-designed clinic opens in Blue Springs, Mo., for local health system
Construction recently concluded on a clinic in Blue Springs designed by architecture and design firm Hoefer Wysocki, based in Kansas City, Mo. The facility is the two-story, 38,904 square foot St.
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 […]
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: 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.
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