Inpatient Projects: Cincy Children’s plans more growth
Expansion project will increase the hospital’s total bed count to more than 700 By Connie McCaffrey Cincinnati Children’s Hospital Medical Center, the largest hospital in Greater Cincinnati, has plans to get even bigger. The local Cincinnati Business Courier newspaper reports that the hospital recently provided details for its planned 650,000 square foot patient tower that […]
Inpatient Projects: Texas Health Resources to develop 20-acre campus with 74-bed hospital in Frisco, Texas
FRISCO, Texas – As part of a number of new strategic initiatives, Arlington, Texas-based Texas Health Resources (THR), which owns, operates or is affiliated with 29 hospitals, is moving forward with plans for a new 20-acre campus on the corner of Dallas North Tollway and Cobb Hill Drive in Frisco, outside of Dallas.
Inpatient Projects: Maricopa County, Ariz., moving ahead with $1 billion plan for hospital, clinics
PHOENIX – Plans are moving forward for a nearly $1 billion capital project to rebuild the Maricopa Medical Center, built in the 1960s, and remake or relocate a number of Maricopa Integrated Health System (MIHS) outpatient facilities throughout the Phoenix area.
Inpatient Projects: Utica, N.Y., replacement downsizes
New proposal by Mohawk Valley Health shaves $93 million, 80,000 square feet By John B. Mugford After acknowledging they “oversized” the initial plans for a proposed future hospital in Utica, N.Y., about 45 miles east of Syracuse, officials with the Mohawk Valley Health System (MVHS) recently unveiled a new scaled-down version of the project.
Industry Pulse: Duke Realty Corp. Won’t Comment on Sale Rumors
At a recent conference, executives focused on healthcare real estate sector’s strength Since we learned March 2 about rumors that Duke Realty Corp. (NYSE: DRE) might be exploring the sale of some or all of its 86-asset medical office building (MOB) portfolio, we at Healthcare Real Estate Insights have been trying to determine the veracity […]
Post-Acute & Senior Living: Villaggio Communities and LCS plan ‘upscale’ CCRC in San Luis Obispo, Calif.
SAN LUIS OBISPO, Calif. – Local firm Villaggio Communities LLC is teaming with Des Moines, Iowa-based LCS on the development of a future “luxury” continuing care retirement community (CCRC) in San Luis Obispo, a city lacking such facilities.
Industry Pulse: On the Record – Louis Rogers
How has the 1031 exchange market changed for HRE investors?
Industry Pulse: Trouble Brewing for FED Firm Adeptus Health
Operator of the First Choice ER brand lost more than half a billion dollars in 2016 In 2015, Adeptus Health Inc. (NYSE: ADPT) was trading at more than $120 per share. As of mid-March, the Lewisville, Texas-based for-profit healthcare firm was available for $2.31 per share. What happened?
Post-Acute & Senior Living: Caddis starts its second Heartis senior community in Georgia, outside of Atlanta
SUWANEE, Ga. – Dallas-based Caddis continues to expand its presence in the Southeast, as it recently announced plans to break ground this spring in Suwanee, just outside of Atlanta, for its second Heartis senior living community in Georgia.
REIT Report: G-A REITs still making acquisitions
REIT III made $509.5 million of acquisitions in 2016; REIT IV has invested $139 million By John B. Mugford Amid what can be described as a slowdown in both capital raising and acquisitions for the country’s non-traded, healthcare-focused real estate investment trusts (REITs), two REITs co-sponsored by American Healthcare Investors LLC (AHI) and Griffin Capital […]
Industry Pulse: Colliers Releases Healthcare Report
Study shows lower vacancy rates, more construction In its “2017 Healthcare Marketplace” report, Colliers International pegged the national medical office building (MOB) vacancy rate at “an all-time low” of 7.4 percent at year-end. It also said MOB rents rose by 8 percent in 2016 to a national average of $24 PSF. And its construction numbers […]
Industry Pulse: JLL Offers Another Take on the Market
Near-record sales show MOBs have gained acceptance JLL’s Healthcare Capital Markets group recently released a report with its take on the medical office building (MOB) market.
Post-Acute & Senior Living: $550M rehab hospital set to open
Rebranded AgilityLab facility will replace the Rehabiltation Institute of Chicago By Murray W. Wolf The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood. The new facility will replace, rebrand and expand the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at […]
Post-Acute & Senior Living: Oppidan sells its first seniors housing community; its pipeline now tops $400 million
WOODBURY, Minn. – Excelsior, Minn.-based Oppidan Investment Co. recently sold the senior housing community that marked its entry into the sector two years ago.
Capital Markets: Portfolios versus single assets
There’s a difference between financing large MOB portfolios and single assets By Erik Tellefson Over the last few years, we’ve seen a number of large medical office building (MOB) portfolios in the marketplace – notable both for their size, but also for their use of property-level finance. Large portfolios are a different animal from single […]