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 […]
Industry Pulse: On the Record – Richard “Dick” D. Daniels
What’s ahead for the new Kaiser Permanente medical office model?
Post-Acute & Senior Living: Shepherd Health, Cobalt Seniors to build ‘upscale’ community near Savannah, Ga.
POOLER, Ga. – Miami Beach, Fla.-based Shepherd Health is venturing into the state of Georgia for the first time, recently announcing plans for an “upscale” senior living community near U.S. Interstate 16 in Pooler, just outside of Savannah.
Publisher’s Letter: Embrace the future
Industry changes will create new opportunities Dear Reader: Good things are happening in the U.S. healthcare industry. A shift to value-based compensation gives providers greater incentives to reduce costs, boost productivity and improve patient outcomes. As a result, new healthcare delivery models are emerging that seek to meet those objectives, enabling providers to meet their […]
Companies & People: Missner Group completes another MOB project for Illinois Bone & Joint Institute
MORTON GROVE, Ill. – Des Plaines, Ill.-based The Missner Group recently completed a second phase renovation at a 24,000 square foot facility in Morton Grove operated by the Illinois Bone & Joint Institute (IBJI).
Companies & People: Seavest and Ciminelli land permanent financing for Conventus building in Buffalo, N.Y.
BUFFALO, N.Y. – White Plains, N.Y.-based Seavest Healthcare Properties and Buffalo-based Ciminelli Real Estate Corp., recently secured permanent financing for their jointly owned seven-story, 350,000 square foot Conventus MOB on the 120-acre Buffalo Niagara Medical Campus (BNMC).
Companies & People: Minnesota real estate company adds three professionals to its healthcare group
ST. LOUIS PARK, Minn. – St. Louis Park-based Excelsior Group recently hired three healthcare real estate (HRE) specialists for its advisory group.
Companies & People: Five questions for Aole Ansari
U.S. Navy veteran brings unique perspective to leading Lendlease healthcare team By John B. Mugford For a number of years here in the United States, Australia-based Lendlease’s involvement in healthcare was heavily focused on project management and the construction of hospitals and buildings for health systems.
Companies & People: Danis Construction chosen as contractor for $36.1 million ED replacement in southern Ohio
CHILLICOTHE, Ohio – Chillicothe-based Adena Health System recently selected Dayton, Ohio-based Danis Building Construction Co. to serve as the general contractor for the building of a new, expanded emergency department (ED) at its 209-bed Adena Regional Medical Center in Chillicothe, a city of about 22,000 residents in the southern part of the state.
Companies & People: Growth of staff, portfolio prompts Montecito Medical to relocate headquarters
NASHVILLE, Tenn. – Montecito Medical Real Estate, which continues to grow its staff and portfolio of MOBs, recently announced that it is moving its headquarters from Brentwood, Tenn., to space in One American Center, a 12-story building in Nashville’s Midtown area.
News Release: Hammond Hanlon Camp LLC Advises Health Systems on over $2 Billion of Financing Transactions in 2016
CHICAGO — March 23, 2017 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor on $2.2 billion of financing transactions in 2016 for a distinguished group of clients, the second consecutive year in which the firm has advised on debt issues with an aggregate par value […]
News Release: Capital One Closes $30.5 Million Loan for Acquisition of Michigan Medical Office Building
Bethesda, Md. (March 22, 2017) – Capital One announced today that it served as the administrative agent for a $30.5 million loan for the acquisition of a 107,000-square-foot, medical office building in Grand Rapids, Mich. The principal is Carter Validus Mission Critical REIT II, which was formed in 2013 to invest in high-quality data centers and […]
News Release: Easterly Government Properties Announces Agreement to Acquire the Nation’s Second Largest Department of Veterans Affairs Outpatient Clinic Located in Loma Linda, California
~ Largest Easterly Acquisition to Date ~ ~ Completed in 2016 and 100% Leased to the VA through May 2036 ~ March 21, 2017 04:01 PM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial […]