Post-Acute & Senior Living: Evans Senior Investments facilitates the closing of three transactions
CHICAGO – Evans Senior Investments (ESI), a Chicago-based investment bank, recently reported that it had facilitated the sale of three separate senior living transactions in West Virginia, Pennsylvania and Ohio.
Capital Markets: MOB equity recapture opportunities
Borrowers can benefit from recapitalizing via debt on under-levered assets By Erik Tellefson Medical office building (MOB) loans that reach maturity or their freely pre-payable period are often under-levered.
REIT Report: G-A REIT III keeps on investing
Unlisted investment trust says it has $1 billion of acquisitions in its pipeline By John B. Mugford Things happen quickly and in big numbers in the world of healthcare real estate (HRE) investing these days.
Post-Acute & Senior Living: Walker & Dunlap originates nearly $464.7M in loans for New Senior Investment
BETHESDA, Md. – In more news from Bethesda-based Walker & Dunlop, the commercial real estate finance company announced Aug. 19 that it originated 28 loans totaling almost $464.7 million, secured by a portfolio of 28 independent living properties (ILFs) acquired by New Senior Investment Group.
Post-Acute & Senior Living: Extendicare, Omega, JLL and New Senior all closed major transactions this summer
NATIONWIDE – This summer was closing time for several $100 million-plus post-acute and senior living transactions.
Post-Acute & Senior Living: More Post-Acute & Senior Living Real Estate News
Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc., announced Aug. 3 that it handled the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh, N.C. IPA Executive Director Mark Myers, Senior Director Joshua Jandris and Associate Director Charles Hilding, […]
Industry Pulse: Some Markets Continue to See Needs for New Beds
Acute care hospital construction is booming in Las Vegas and parts of southern Nevada Reports about dwindling demand for hospital beds nationwide is most likely an accurate prediction, but some parts of the country continue to see a need for new beds.
Industry Pulse: On the Record – Barry Weinbaum
Will there be many multi-tenant MOBs developed in the years to come? “I think the multi-tenant building is pretty much a dinosaur… We did a building two years ago for a Tenet hospital in Los Alamitos, which is probably going to be our last multi-tenant building… I think it will be replaced by hybrid buildings […]
Industry Pulse: Real Estate Boosts Steward Rebound
Real estate, technology and an ACO help system save big When Cerebus Capital Management formed Steward Health Care in 2010 to acquire six hospitals that were part of Caritas Christi Health Care, four of the facilities were suffering significant losses. Although Boston-based Steward faced financial difficulties, it has invested more than $850 million into facilities, […]
Companies & People: H2C advises Ciminelli on portfolio
Firm teams with MBRE in acquiring MOBs and cancer centers in Greater Buffalo By John B. Mugford Buffalo, N.Y.-based Ciminelli Real Estate Corp. recently acted upon an opportunity to acquire four medical office buildings (MOBs) with cancer centers throughout its hometown’s metropolitan area. The company, well-known in the pages of Healthcare Real Estate Insights™ for […]
Companies & People: HRE Capital represents sellers, developer in a number of transactions
NEW YORK – It’s been a busy second half of the year for New York-based Healthcare Real Estate Capital (HRE Capital), as it acted as the advisor in a number of deals that included sales of medical office buildings (MOBs) and the securing of financing for a senior housing community.
Transactions: Ventas pays $97 million for Indy pair Healthcare Realty Trust sells OrthoIndy specialty hospital and an attached MOB
Healthcare Realty Trust sells OrthoIndy specialty hospital and an attached MOB By John B. Mugford Amid the flurry of medical office building (MOB) sales activity in 2015, one rather large and significant transaction took place in recent months that kind of slipped under the radar. The offering obviously had enough upside to attract the attention […]
Outpatient Projects: NexCore Group starts ski-town MOB Future three-story, 50,000 square foot facility in Avon, Colo., to include 24/7 ED
Future three-story, 50,000 square foot facility in Avon, Colo., to include 24/7 ED By Connie M. McCaffrey Residents and visitors in the well-known Vail Valley will soon have more healthcare options, thanks to a project being developed by Denver based NexCore Group LP. The national healthcare development firm recently broke ground on the future
Inpatient Projects: Banner moves forward in Tucson Health system plans $400 million, 240-bed patient tower at U. of Arizona hospital
Health system plans $400 million, 240-bed patient tower at U. of Arizona hospital By John B. Mugford As Phoenix-based Banner Health was in the process of making its $1 billion acquisition of the University of Arizona (UA) Health Network, the system noted that it was planning to rebuild the academic medical center’s main hospital in […]