TRANSACTIONS: HR Trust making $612.5 million buy
The seller of the portfolio is a sector pioneer, Atlanta-based Meadows & Ohly By John Mugford A quick perusal of the list of 15 medical office buildings (MOBs) that Atlanta-based Meadows & Ohly is selling to a large healthcare focused real estate investment trust (REIT) indicates how many health system relationships the long-time development firm has established over the years. Since its founding […]
COVER STORY: Top 50 Owners of Medical Real Estate
Data firm Revista releases most recent Top 50 owners report. Health systems still dominate and Kaiser is still the king. By John B. Mugford As has been the case for each of the past four years, the king of healthcare real estate (HRE) remains, according to a new report, Kaiser Foundation Hospitals, part of Kaiser Permanente, the massive […]
COMPANIES & PEOPLE: Ryan Companies grows healthcare practice by adding two experienced architects
MINNEAPOLIS – Ryan A+E Inc., the architectural and engineering practice of Minneapolis based Ryan Companies, has hired two architects focused on healthcare. Alena (Sakalouski) Johnson joins the team as director of architecture, healthcare for Ryan A+E and leads the day-to-day operations of the healthcare design team.
COMPANIES & PEOPLE: Lillibridge Healthcare Services’ Ian Hughes receives BOMA regional member of the year award
NASHVILLE, Tenn. – The Building Owners and Managers Association (BOMA) International honored Ian Hughes of Lillibridge Healthcare Services Inc. and three other members with a Regional Member of the Year Award during the 2017 BOMA International TOBY Awards in late June in Nashville.
COMPANIES & PEOPLE: Alvaro Rizo-Patron joins Hammes Company as regional VP at the firm’s new San Antonio office
SAN ANTONIO – Alvaro Rizo-Patron recently joined Brookfield, Wis.-based Hammes Company’s growing Texas operations as regional VP. Mr. Rizo-Patron, a building/infrastructure professional, works in company’s new office in San Antonio, which adds to the firm’s offices in Dallas and Houston.
COMPANIES & PEOPLE: Anchor Health lands 300,000 square foot management portfolio near Philadelphia
WILMINGTON, Del. – Wilmington-based Anchor Health Properties, a long-time healthcare real estate (HRE) developer that has expanded its platform in the last couple of years, announced July 7 that it was chosen to provide property management and leasing services for a large medical office portfolio in Chester County, Pa., outside of Philadelphia.
ON THE RECORD: What are your thoughts as you transition into a new role with Ventas?
“This is another inflection point in my journey in the world of healthcare real estate, and I look forward to supporting the transition and to working closely with the Ventas and Lillibridge teams to continue leveraging our success, I am proud of what we accomplished over the past 25+ years, and I want to express my sincere thanks to the people who have helped me build this great company.”
INDUSTRY PULSE: TRIO ACQUIRES SAN ANTONIO MOB PACKAGE
Investors plan to make $27M in capital improvements A trio of firms focused on healthcare real estate (HRE) in August closed on the acquisition of portfolio of four large medical office buildings (MOBs) on hospital campuses in the San Antonio market. The partnership comprises: Bostonbased MLL Capital; Chevy Chase, Md.- based Artemis Real Estate Partners; and Atlanta-based Ackerman & Co., which will provide property management […]
COMPANIES & PEOPLE: Five questions for John Thomas
Physicians Realty Trust CEO credit relationships for recent flurry of acquisitions By John B. Mugford Coming off a remarkable 2016 in which Milwaukee-based Physicians Realty Trust (NYSE: DOC) acquired about $1.3 billion worth of healthcare facilities, mostly medical office buildings (MOBs), officers with the real estate investment trust (REIT) indicated they were not likely to keep up with such a pace in 2017. […]
POST-ACUTE & SENIOR LIVING: Caddis acquires site, plans to develop 105-unit senior housing facility near Milwaukee
GLENDALE, Wis. – Dallas-based Caddis recently acquired a 12-acre acre parcel in Glendale, just north of Milwaukee, for the development of a 105-unit senior living complex, according to an article in Milwaukee Biz Times.
POST-ACUTE & SENIOR LIVING: Construction is complete on $120 million CCRC in Playa Vista area of Los Angeles
LOS ANGELES – Pasadena, Calif.-based C.W. Driver Cos. recently completed construction on the $120 million Fountainview at Gonda Westside, a 460,000 square foot continuing care retirement community (CCRC) in the Playa Vista neighborhood of Los Angeles.
POST-ACUTE & SENIOR LIVING: Work starts on $60 million rehabilitation, skilled nursing facility in White Plains, N.Y.
WHITE PLAINS, N.Y. – Ground was broken in early September for the future $60 million White Plains Institute for Rehabilitation & Healthcare facility at Baker Avenue and Church Street in White Plains.
INDUSTRY PULSE: WELLTOWER MADE BIG Q2 MOB ACQUISITIONS
The REIT racked up $292M in acquisitions, developments Though not quite on HTA’s scale, Welltower Inc. (NYSE: HCN) was another big buyer during Q2. The Toledo, Ohiobased REIT made total investments of $292 million during the quarter, according to a news release detailing the firm’s most recent quarterly results. Welltower officials also provided highlights from Q2 during an earnings call with analysts on […]
POST-ACUTE & SENIOR LIVING: Novant, HealthSouth break ground on $28.3 million rehab hospital in Winston-Salem, N.C.
WINSTON-SALEM, N.C. – Construction is underway on a future $28.3 million rehabilitation hospital at 2475 Hillcrest Center Circle in Winston-Salem.
ON THE RECORD: Why did your MOB portfolio perform better during the second quarter?
Doctors are a little more comfortable staying where they are and they’re signing a little more longer-term on their leases.