Inpatient Projects: Children’s Hospital in Omaha starts four-year, $450 million expansion project
OMAHA, Neb. – Children’s Hospital & Medical Center recently broke ground for a $450 million, 10-story, 500,000 square foot clinical facility that will include more than 70 inpatient beds and space for future expansions.
Post-Acute & Senior Living: Occupancy not so bad after all
NIC says senior housing sector looks to have stabilized, for now, despite fears By John B. Mugford Despite concerns about overbuilding and low occupancies, the senior housing market looks to be holding up rather well, especially the independent living sector, according to third quarter (Q3) 2016 data from Bethesda, Md.-based National Investment Center for Seniors […]
Industry Pulse: Rate Hikes Unlikely to Have Big Impact on HRE
Sector sources say that slightly higher capital costs will probably do little to cool the market At the Federal Reserve’s Dec. 14 policy meeting, the central bank voted unanimously to increase the federal funds rate by 25 basis points, to 0.75 percent. With growing optimism about the U.S. economy, the Fed also signaled that three […]
Post-Acute & Senior Living: Green Courte Partners targeting up to $1.5 billion of senior and other real estate with new fund
CHICAGO – Chicago-based Green Courte Partners LLC, a private equity investment firm targeting niche real estate sectors, announced Dec. 20 that it had closed on its fourth investment fund, Green Courte Real Estate Partners IV LLC.
Capital Markets: Financing equity recaptures
How deals are structured when assets are worth more than the debt that’s in place By Erik Tellefson In this column we’ve primarily discussed how various asset classes, including medical office building and laboratory and biotechnology properties, are financed. Today I’ll be sharing the second article in a series which describes various types of financing […]
REIT Report: HR Trust glad to be on campus
By John B. Mugford As far as many healthcare real estate (HRE) investors are concerned, off-campus medical office buildings (MOBs) have become nearly as attractive, or in some cases just as attractive, as on-campus outpatient facilities.
Industry Pulse: MOB Fetches Lofty Price on NYC’s Upper East Side
New York City medical office building sells for $17 million, or $1,133 per square foot The cost of real estate in New York City compared to the rest of the country never ceases to amaze, and a recent medical office building (MOB) transaction in Manhattan confirms this notion.
Industry Pulse: On the Record – Mark Toothacre
Do you see a slowdown coming for healthcare real estate?
Post-Acute & Senior Living: Potential $700 million deal with Ventas would enable Kindred to exit the SNF segment in 2017
CHICAGO – Chicago-based Ventas Inc. (NYSE: VTR) Ventas, Inc. announced Nov. 14 that it has reached “mutually beneficial agreements” with Kindred Healthcare Inc. (NYSE: KND), under which Kindred will acquire some or all 36 skilled nursing facilities (SNFs) it leases from Ventas.
Industry Pulse: MOB Demand Still Strong Despite Dip
MOB cap rate converged with office for the first time in 2016. Although it looks like we will end 2016 with total medical office building (MOB) sales volumes that will be less than the record-setting levels of 2015, investor demand remains strong, according to the newly released “Medical Office Building Quarterly Update” from the healthcare-focused […]
Editor’s Letter: Still a great resource
Get a competitive edge with the Resource Guide™ Dear Reader: Sometimes as we seek inspiration for an Editor’s Letter or a Publisher’s Letter, we look back on our archive of what is now 14 years worth of editions of Healthcare Real Estate Insights™.
Industry Pulse: On the Record – Matt Gilbert
How have recent healthcare industry changes affected MOB leasing?
Industry Pulse: Ventas’ CEO Might Buy Into Penguins
Debra Cafaro might buy a stake in her hometown team Debra Cafaro grew up in Pittsburgh as a fan of the area’s beloved sports teams: the Pirates, Steelers and Penguins.
Post-Acute & Senior Living: Global investment management firm acquires three U.S. senior communities for $110 million
ATLANTA – Arcapita, a global investment management firm with offices in Bahrain, Atlanta, London and Singapore, announced Nov. 22 that it has acquired a privately-held portfolio of three senior living communities in the Washington and Atlanta metro areas for a total of about $110 million.
Post-Acute & Senior Living: Toronto-based Mainstreet agrees to acquire memory care communities in Texas and Arkansas
TORONTO – Toronto-based Mainstreet Health Investments Inc. (TSX: HLP-U) announced Nov. 28 that it has agreed to acquire a portfolio of three memory care communities totaling 171 units for a total of $44.3 million.