Post-Acute & Senior Living: CA Ventures affiliate forms JV with Goldman Sachs to launch 14 senior housing communities
CHICAGO – CA Senior LLC (CAS), the senior housing firm of parent company Chicago-based CA Ventures, has formed a joint venture (JV) with an affiliate of Goldman Sachs & Co. to develop 14 senior housing communities across the country.
Post-Acute & Senior Living: Liberty Healthcare Group affiliate breaks ground on 398-unit community in North Carolina
MOUNT PLEASANT, S.C. – An affiliate of Liberty Healthcare Group recently broke ground on South Bay at Mount Pleasant, a 398-unit independent living, assisted living and memory care senior community on a 27-acre mixed-use site.
Industry Pulse: Healthcare REIT execs are upbeat about 2016
Returns have been down in recent years but there are reasons for optimism in 2016 The prognosis is good for publicly traded healthcare real estate investment trusts (REITs). That’s according to an article in the May/June edition of REIT, the magazine of the National Association of Real Estate Investment Trusts (NAREIT).
Companies & People: Richmond Honan Development hires Wall Street veteran Vincent Napolitano as EVP of finance
ALPHARETTA, Ga. – Atlanta-based Richmond Honan Development and Acquisitions LLC, which focuses on healthcare real estate, has hired Vincent Napolitano as executive VP of finance.
Companies & People: Brian Peay joins American Healthcare Investors as EVP and CFO; will also be CFO of related REITs
IRVINE, Calif. – Irvine-based American Healthcare Investors (AHI), focused on acquiring and managing healthcare properties, recently hired Brian Peay as its executive VP and chief financial officer (CFO).
Companies & People: New REIT will have impact on HRE
Colony NorthStar would be formed from three firms, including NorthStar Realty By John Mugford Whether it will be buying or selling properties, a new real estate investment trust (REIT) in the works through the merger of three large publicly traded companies is likely to be a significant player in the healthcare real estate (HRE) arena.
Companies & People: Lorie Damon honored by BOMA International with Outstanding Achievement Award
ST. LOUIS – Cushman & Wakefield announced May 31 that Lorie Damon, managing director of its Healthcare Practice Group, was honored with the Outstanding Achievement Award at the recent Building Owners and Managers Association (BOMA) International Medical Office Building and Healthcare Facilities Conference in Orlando, Fla.
Companies & People: Tom Herzog to rejoin HCP Inc. in late June as executive VP and chief financial officer
IRVINE, Calif. – Irvine-based HCP Inc. (NYSE: HCP) recently announced that Tom Herzog is the new executive vice president (EVP) and chief financial officer (CFO).
Norvin Partners purchases fully occupied, repurposed MOB outside of Baltimore
MOUNT AIRY, Md. – The Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) recently brokered the sale of the Carroll Hospital Mount Airy MOB at 520 E. Ridgeville Blvd. in Mount Airy. The outer-ring suburb, with a population of 10,000, is about 35 miles west of Baltimore.
Cover Story: The Hospital of the Future
What will it mean for healthcare real estate? By John B. Mugford Imagine for a moment that you are the CEO of a health system. Everything you’ve done throughout your career, everything you’ve accomplished for your organization and every promotion you’ve achieved has elevated you to the pinnacle of your profession.
Feature Story: Nearly $100 billion in development
1,270 projects were in late planning or underway at the end of 2015, Revista says By Erin E. Porter At least for the near future, the outlook is quite bright for the healthcare real estate (HRE) sector, as a wide variety of hospitals and medical office buildings (MOBs) remain in high demand with investors and […]
Transactions: Capital Square 1031, headed by Louis Rogers, makes an MOB purchase in Winchester, Va.
WINCHESTER, Va. – Capital Square 1031, a Glen Allen, Va.-based 1031 exchange investment firm headed by Louis Rogers, continues to acquire medical facilities.
Transactions: Atlanta-based Bauman & Co. acquires three MOBs in the Southeast for a total of about $25M
ORLANDO, Fla. – Atlanta-based Bauman & Co. recently paid $10.7 million for the three-story, 45,458 square foot Lake Lurna Professional Center in downtown Orlando, across from Orlando Regional Medical Center and other major health facilities.
Transactions: UCLA pays more than $10M for MOB that its health system occupies in Thousand Oaks, Calif.
THOUSAND OAKS, Calif. – Instead of continuing to pay rent for a building that it fully occupies in Thousand Oaks, the UCLA Board of Regents recently acquired a medical office building (MOB) where UCLA Health offers a number of medical services.