Editor’s Letter: ‘Groundhog Day’ again
The same issues seem to arise time and time again Dear Readers, “The more things change, the more they stay the same.” We’ve all heard that adage countless times. But it seemed especially relevant when it was uttered during the 2017 InterFace Healthcare Real Estate (HRE) West Conference in Los Angeles in March.
REIT Report: HR Trust picks up investment pace
In Q4 earnings call, company officials tell analysts they expect similar results in 2017 By John B. Mugford Nashville, Tenn.-based Healthcare Realty Trust (NYSE: HR) is not necessarily known for opening up its checkbook and making huge acquisitions, although the publicly traded real estate investment trust (REIT) has gradually accumulated a $3.5 billion portfolio with […]
News Release: Perrysburg Medical Center Expansion
April 25, 2017 Perrysburg, OH – Recognizing that our patients want to receive healthcare closer to home, Mercy Health is working to create access to comprehensive services in smaller, more convenient locations. Today, we’re pleased to announce the construction of a new addition to our Perrysburg campus to house expanded services for patients in the […]
Companies & People: Raymond James places $99.4 million in financing for Greater Baltimore Medical Center
TOWSON, Md. – Raymond James Healthcare Finance announced yesterday that it served as the placement agent for the not-for-profit Greater Baltimore Medical Center’s $73.72 million tax-exempt revenue bond and $25.725 million taxable note.
Companies & People: Capital One administers $30.5 million in financing for MOB purchase in Michigan
GRAND RAPIDS, Mich. – McLean, Va.-based Capital One recently served as the administrative agent for a $30.5 million loan for the acquisition of a 107,000 square foot MOB in Grand Rapids, Mich.
Companies & People: As of April, Global Medical REIT has $75.1 million in medical purchases pending
BETHESDA, Md. – Global Medical REIT Inc. (NYSE: GMRE) says it has three pending acquisitions under contract with a combined purchase price of $75.1 million, encompassing 165,629 square feet of leasable space.
Companies & People: Inland Real Estate Group raised $600 million in 2016 for investments
OAK BROOK, Ill. – Oak Brook-based The Inland Real Estate Group of Cos. Inc. raised more than $600 million in capital in 2016 across its various funds for real estate investments.
Companies & People: Montecito Medical Real Estate starts 2017 with a number of acquisitions
NASHVILLE, Tenn. – Montecito Medical Real Estate has been a busy buyer of MOBs in recent weeks.
Companies & People: Justin Hutchens leaving HCP to become CEO at large care home provider in the U.K.
IRVINE, Calif. – Irvine-based HCP Inc. (NYSE: HCP) recently announced that President James J. “Justin” Hutchens will leave the publicly traded REIT to take the role as CEO of HC-One, one of the largest care home providers in the United Kingdom.
Companies & People: New strategy, team kick off ‘17 at HCP
New executives look to ‘de-risk’ portfolio; REIT closes out ‘16 with big MOB buy By John B. Mugford Many of the changes that have taken place at Irvine, Calif.-based HCP Inc. (NYSE: HCP) within the past year so have been geared toward removing as much risk as possible from the portfolio of properties owned by […]
News Release: HFF closes $81.45 million recapitalization of 8-building Long Island medical office portfolio
NEW YORK, NY – April 24, 2017– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $81.45 million recapitalization of Stony Brook Technology Center, an eight-building medical office portfolio totaling 261,824 square feet in the Long Island community of East Setauket, New York. HFF represented TRITEC Real Estate, and procured the partner, […]
News Release: Cornerstone Companies Inc. Breaks Ground on $7 Million Medical Office Building in Tipton
TIPTON, IN (April 24, 2017) – Cornerstone Companies Inc. has broken ground on a $7 million medical office building in Tipton, IN. The nearly 25,000-squarefoot building is located on the grounds of IU Health Tipton Hospital and IU Health will serve as its anchor tenant. The two-story building, designed by American Structurepoint Inc., will be […]
News Release: Montecito Acquires DaVita Building in Albuquerque
April 19, 2017 07:30 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired the newly constructed DaVita Medical Group clinic in Albuquerque, N.M. Formerly known as ABQ Health Partners, DaVita Medical Group is one of the area’s largest multi-specialty medical groups and […]
News Release: Leopardo Breaks Ground on 100,000-SF Rush Oak Brook Orthopaedic Center
Leopardo Companies broke ground on the new 100,000-square-foot Rush Oak Brook Orthopaedic Center at 2011 York Road in Oak Brook. The new medical outpatient building and surgery center is a joint venture between Rush University Medical Center and Midwest Orthopaedics at Rush. It will accommodate 17 specialties, ranging from primary care and neurology to endocrinology […]
News Release: Stage Equity Partners Acquires Multi-Specialty Outpatient Surgical Center in Bloomington, Illinois
CHICAGO (April 17, 2017) – Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) announced the recent acquisition of The Center for Outpatient Medicine (TCOM), a 45,150 square foot multi-specialty outpatient surgical center in Bloomington, Illinois. According to Principals Brian Howard and Russell Brenner, Stage purchased the hospital- affiliated property from the physician […]