Post-Acute & Senior Living: Florida portfolio sells for $569M
Welltower-CPPIB joint venture takes 95% of six Aston Gardens assets By Murray W. Wolf Welltower Inc. (NYSE: HCN) has partnered with the Canada Pension Plan Investment Board (CPPIB) and Discovery Senior Living to acquire the six-property, 1,930-unit Aston Gardens independent and assisted living portfolio in Florida for $569 million. The Toledo, Ohio-based healthcare real estate […]
Industry Pulse: Theaters and Borax – Kaiser Gets Creative
Provider sees opportunities in former theater, office building During the past several years, perhaps no healthcare provider or HRE firm has repurposed or redeveloped more properties than Kaiser Permanente. Recently, the Oakland, Calif.-based managed care consortium was at it again, with two more creative adaptive reuse projects in its home state.
Post-Acute & Senior Living: Historic former school to be transformed into 152 units of senior housing under $35M plan
LEESBURG, Va. – A former school in Leesburg is being transformed into a $35 million, 152-unit memory care, assisted living and independent living community, according to the local Daily Commercial newspaper.
Industry Pulse: Providers Discuss Thin Margins, Building Boom
Operating costs are high, margins are thin and upgrades are expensive, providers say At two recent Bisnow healthcare real estate events on the East Coast, the providers on the agenda said that operating costs are high, margins are thin, and the need to continuously improve facilities to compete and stay current is expensive.
Companies & People: Moving deeper into healthcare
Net-lease broker Stan Johnson Co. beefs up the team started by Toby Scrivner By John B. Mugford When Toby Scrivner joined the Stan Johnson Co. in Tulsa, Okla., 10 years ago, he was ready and willing to start selling industrial, retail and office net-leased properties nationwide, just like the firm’s other talented brokers.
Transactions: Private equity firm acquires Kindred MOB for $25.16 million
Healthcare Real Estate Insights™ has learned that Syndicated Equities, a private real estate investment firm with offices in Chicago and Washington, recently closed on the $25.16 million acquisition of the Kindred Healthcare Transitional Care Center (TCC), a three-story, 81,371 square foot, single-tenant medical office building (MOB) in Phoenix. The sale price works out to $309 per […]
News Release: Just Sold : One Wisteria Place
The U.S. CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the sale of One Wisteria Place in Snellville, Georgia. Sale Date: February 5, 2016 Building Size: 43,558 SF Year Built: 2005 Occupancy: 90.8% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of One Wisteria Place. Lee Asher […]
News Release: Stage Equity Partners Launches New Healthcare Property Management Division with Two New Hires
Stage Equity Partners Announces New Property Management Division and Two New Hires Veterans of Sterling Bay Companies and General Growth Properties to lead the new division CHICAGO (February 23, 2016) – Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) has announced the addition of a new Property Management division along with two […]
Thought Leaders: H2C Fourth Quarter Medical Office Building Report
THE LATEST H2C MEDICAL OFFICE BUILDING QUARTERLY UPDATE IS NOW AVAILABLE Hammond Hanlon Camp LLC Fourth Quarter Medical Office Building Report: Medical Office 2015 Year in Review NEW YORK — February 23, 2016 — 2015 medical office transaction volume was the highest recorded in U.S. history. Approximately $10.0 billion in transactions were recorded during the year, a 14 […]
News Release: Just Closed: Class A Medical Office Building
LAKEBROOK MEDICAL CENTER WESTBROOK, CONNECTICUT Westbrook, CT – Lisa Menin of Jacobson Properties, New York, and John LaBella of RE/MAX Right Choice, Trumbull, Connecticut are pleased to announce the sale of Lakebrook Medical Center in Westbrook, Connecticut. The Class A medical office building, which totals 24,500 square feet, was purchased by an institutional healthcare real […]
News Release: Another Pasadena Medical Office Trades
The 22,000 sf medical building at, one block from Huntington Hospital, has been acquired by Huntington Orthopedics Institute. The building, built in 1962, was 100% occupied on the date of close but with expiring leases in the next year, the medical group will occupy much of the building soon afterward. The sale price was $9,250,000 […]
News Release: The Missner Group Completes Renovations for Illinois Bone & Joint
FOR IMMEDIATE RELEASE: Friday, February 19, 2016 THE MISSNER GROUP COMPLETES RENOVATIONS FOR ILLINOIS BONE & JOINT IN MORTON GROVE (Des Plaines, Illinois) – The Missner Group is pleased to announce that the firm has completed renovations for Illinois Bone & Joint Institute’s (IBJI) Morton Grove, Illinois location at 9000 Waukegan Road. The facility remained […]
News Release: Duke Realty’s John Marshall to speak at InterFace Healthcare Real Estate West
Vice President and panel will explore the topic ‘How a Changing Healthcare Environment is Changing Healthcare Real Estate Development’ March 2 at the Omni Los Angeles INDIANAPOLIS, Feb. 18, 2016 – Indianapolis-based commercial real estate developer Duke Realty announced that John Marshall, Vice President, National Healthcare Strategy and Development, will serve as an expert panelist at the […]
News Release: Griffin-American Healthcare REIT IV poised for $3.15 billion IPO
Griffin-American Healthcare REIT IV Initial Public Offering Declared Effective by the U.S. Securities and Exchange Commission IRVINE, Calif. (Feb. 17, 2016) – Griffin-American Healthcare REIT IV, Inc. today announced that its registration statement pertaining to an initial public offering of approximately $3.15 billion in common stock was declared effective by the Securities and Exchange Commission […]
News Release: Meridian Buys Medical Office Building in Pasadena, Calif. for $37.5 Million
Purchase Represents Meridian’s Largest Acquisition at 115,000 SF and Company’s 8th MOB Transaction in Last 12 Months SAN RAMON, CALIF. – Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of Cotton Medical Center, a 115,000-square-foot medical office complex in […]