Companies & People: CNL Healthcare sees 8.3 percent increase in same-store Q2 NOI vs. previous year
In the second quarter (Q2) of 2017, Orlando-based CNL Healthcare Properties, a non-traded real estate investment trust (REIT) focused on seniors housing and healthcare properties,
Post-Acute & Senior Living: Strawberry Fields, a SNF-focused REIT, pays $21.8 million for Louisville facility
South Bend, Ind.-based Strawberry Fields REIT LLC, which has a portfolio of 59 skilled nursing facilities (SNFs) in seven states, recently purchased the 88.5 percent
Companies & People: Hammes Company hired to work on $1 billion campus transformation in Cleveland
Brookfield, Wis.-based Hammes Company was recently retained by Cleveland based Metro Health System to act as the owner’s representative on the system’s six-year, $1 billion transformation project at its flagship hospital campus.
Outpatient Projects: Facilities to bolster Arizona system
Nex-Core to develop 175,000 s.f. outpatient campus at hospital in recreational region By John B. Mugford As most well-established, experienced healthcare development firms know, not all opportunities present themselves through requests for proposals (RFPs).
Industry Pulse: Tenet said to be considering a sale
System working with bankers to “explore strategic options” Citing “people familiar with the matter,“ the Wall Street Journal has reported that Tenet Healthcare Corp. (NYSE: THC) is “exploring its strategic options,” including a possible sale of the hospital company,
Post-Acute & Senior Living: Sabra pays $378 million for 21 SNFs on the West Coast; to sell 43 Genesis facilities
Irvine-based Sabra Health Care REIT (Nasdaq: SBRA) recently said it acquired 21 skilled nursing facilities on the West Coast for $378 million.
Transactions: Inland Real Estate affiliate purchases two MOBs near Hartford, Conn., for $16M
Oakbrook, Ill.-based Inland Real Estate Acquisitions Inc. recently facilitated the acquisition of two MOBs in New Britain by an affiliate of The Inland Real Estate Group LLC.
Transactions: CBRE Global Investors acquires final two MOBs of 27-building portfolio
GREATER CHICAGO – It looks as if Los Angeles-based CBRE Global Investment Partners (GIP) in September 2017 acquired the final two MOBs that are part of its larger purchase of a 95 percent interest in a 27-building portfolio from a joint venture (JV) of Los Angeles-based Kayne Anderson Real Estate Advisors and Chicago based MB […]
Transactions: Global Medical REIT was the buyer of Oklahoma portfolio for $49.5 million
OKLAHOMA CITY – Even though we previously reported the sale of three facility orthopedic portfolio in Oklahoma City that took place in the first half of 2017, the buyer nor the transaction price were known by HREI™ until recently. According to data from RCA, the buyer of the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery […]
Industry Pulse: 10-asset Rendina MOB portfolio on the market
JLL healthcare team is marketing six-state, 10-property, 489,301 s.f. portfolio JUPITER, Fla. — One of the medical office building (MOB) sector’s long-standing, better-known development firms is putting a portfolio of properties on the market at a time when pricing remains as high as It’s ever been. The Healthcare Capital Markets team from Chicago-based Jones Lang LaSalle (NYSE: JLL) […]
Companies & People: 5 questions for PJ Camp
Hammond Hanlon Camp (H2C) grows the scope of what it provides clients, and the company By John B. Mugford After the ink had dried in 2016 on the closing of the largest health system sale, or monetization, of medical office buildings (MOBs) in the history of the healthcare real estate (HRE) sector, the $700 million […]
News Release: SMH Selects Designer, Builder for Laurel Road Hospital
Tuesday, November 21, 2017 SARASOTA (Nov. 21, 2017) – The Sarasota County Public Hospital Board on Monday selected Flad Architects and Gilbane Building Co. to design and construct its new $225 million, 65-acre hospital campus in Venice. The Wisconsin-based architecture and Rhode Island-based general contracting firms were ranked No. 1 after a series of public selection meetings this month. The Hospital […]
News Release: Sakakawea Medical Center, The Neenan Company celebrate grand opening of new medical facility in Hazen, N.D.
Hospital Replacement Facility Expands Healthcare Services to Rural Community HAZEN, N.D. — Sakakawea Medical Center in partnership with The Neenan Company, a fully integrated design-build firm based in Colorado, is pleased to announce the opening of a new medical facility in Hazen, North Dakota. The new facility integrates both a critical access hospital and a community […]
News Release: HFF announces sale of Saddleback Financial Center in Laguna Hills, California
SAN DIEGO, CA – November 20, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Saddleback Financial Center, a four-story, 72,928-square-foot medical office tower in Laguna Hills, California. The HFF team marketed the property on behalf of the seller, True North Management Group, LLC, and procured the buyer, an affiliate of Laurus Corporation. […]
News Release: PMB welcomes Ken Henry to its team as Senior Vice President; Adds Dallas office
SAN DIEGO, CA/ Dallas, TX, Nov. 20, 2017 – Pacific Medical Buildings (PMB) is pleased to announce the recent addition of Ken Henry to its team as Senior Vice President – Development. Ken will establish PMB’s Dallas office and will focus on expanding its healthcare development, acquisitions and management business throughout the central United States. […]