Industry Pulse: On the Record – Nathan Golik
What is your firm’s investment strategy when it comes to freestanding EDs? “(FEDs) are not something we’ve pursued as much… It’s just a really high-priced per square foot development cost. Even if you’ve got a health system anchor, if you’re in a non-CON state, at the end of that lease term, you can just build […]
Publisher’s Letter: Budget blindside
Hospital off-campus outpatient facilities face cuts Dear Reader: Fortunately, we had the wisdom several years ago to create the Healthcare Real Estate Insights™ Editorial Advisory Board. Our board members have our backs – often serving as a vital early warning system for us when major issues are coming down the pike.
Post-Acute & Senior Living: Florida complex starts final phase
West Palm Beach campus to get a 10-story, $77.6 million independent residence By Erin E. Porter MorseLife Health System recently broke ground on the final phase of its 37-acre senior community campus in its hometown of West Palm Beach, Fla.
Post-Acute & Senior Living: Northbridge Cos. to kick off $65 million, 215-unit expansion in Portland, Maine
PORTLAND, Maine – Northbridge Cos. and its real estate partner, Portland, Maine-based Sandy River Co., announced the recent groundbreakings at three new communities in the Maine cities of Brunswick, Wells and Westbrook.
Post-Acute & Senior Living: O’Reilly Development plans two Missouri senior projects totaling more than $54M
ST. CHARLES and NIXA, Mo. – Springfield, Mo.-based O’Reilly Development Co. is planning two new senior living communities in Missouri with a combined development cost of more than $54 million.
Industry Pulse: Healthcare to be Part of Walter Reed Campus Plan
Part of former Walter Reed Hospital campus might be home to healthcare once again As a groundbreaking nears for the potential redevelopment of a large portion of the former Walter Reed Hospital campus in Washington, operated by the U.S. Army until its closure in 2011, it looks as if healthcare will be a part of […]
Industry Pulse: 31-Acre Buy Sparks Hospital Speculation
Local media says a new 120-bed hospital is in the works With just one hospital, the city of Deltona, Fla., has been, for some time, considered to be a good candidate for the development of a new inpatient facility.
Post-Acute & Senior Living: Two senior housing executives charged with fraud in separate cases
WASHINGTON – Federal authorities recently charged two separate senior housing executives with fraudulent activity in separate cases.
Post-Acute & Senior Living: Mainstreet completes new post-acute facilities in Indiana and Kansas
DYER, Ind., and OVERLAND PARK, Kan. – Carmel, Ind.-based Mainstreet recently completed new projects in Dyer and Overland Park with a combined value of more than $40 million.
REIT Report: G-A REIT III still buying aplenty
Unlisted REIT spent $180M in Q3 and has even more acquisitions in the pipeline By Erin E. Porter Griffin-American Healthcare REIT III (G-A REIT III), the latest in a line of healthcare-focused, unlisted real estate investment trusts (REITs) co-sponsored by California firms American Healthcare Investors and Griffin Capital Corp., continued with its buying ways in […]
Post-Acute & Senior Living: The Buckingham CCRC in Houston embarks on $72M, 183-unit residence expansion
HOUSTON – Senior Quality Lifestyles Corp. (SQLC) recently announced plans for a $72 million, 183-residence expansion at The Buckingham, a continuing care retirement community (CCRC) at its Memorial-area campus in Houston.
Post-Acute & Senior Living: Cushman & Wakefield arranges $53.4M in financing for two Boston-area projects
GREATER BOSTON – Cushman & Wakefield Senior Housing announced it has arranged $53.4 million in construction financing and joint venture equity for two senior living developments with LCB Senior Living in Greater Boston.
Post-Acute & Senior Living: Welltower, Revera acquire Canadian communities in 75/25 percent joint venture
MISSISSAUGA, Ontario – Toledo, Ohio-based Welltower Inc. (NYSE: HCN) and Toronto-based Revera Inc., a privately owned company, recently completed the $764 million (Canadian), or $581 million (U.S.), acquisition of Mississauga, Ontario-based Regal Lifestyle Communities Inc. and its portfolio of properties.
Capital Markets: MOB expense reimbursements
Expense reimbursements in leases have an impact on loan underwriting, terms By Erik Tellefson Medical office building (MOB) leases include expense reimbursements, which is the amount or percentage that the lessee pays the landlord for building expenses. The amount and type of the reimbursements are effectively whatever can be written into the lease. However, there […]