Post-Acute & Senior Living: Senior housing occupancy declines
NIC blames slight second quarter dip on inventory growing faster than demand By Erin E. Porter The National Investment Center for Seniors Housing & Care (NIC) reported last month that seniors housing occupancy slipped again in the second quarter (Q2) of 2015. The average occupancy rate was
Companies & People: Rendina opens new MOB in Arizona Developer-owned facility is on the campus of a hospital in southern part of state
Developer-owned facility is on the campus of a hospital in southern part of state By John B. Mugford Jupiter, Fla.-based Rendina Healthcare Real Estate recently opened a 54,000 square foot MOB on the campus of the new Canyon Vista Medical Center in Sierra Vista, Ariz., in the high desert of southeastern Arizona. Hospital and Rendina […]
Transactions: HTA adds to its Boston bio portfolio
REIT acquires 161,000 s.f. research facility on Boston Medical Center campus By John B. Mugford A lot of good things are happening in Boston’s historic South End, a once downtrodden area that one well-known healthcare real estate professional says is now “exploding” with trendy new shops, restaurants and high-end residences. Helping provide momentum for the […]
Transactions: Carter Validus takes five (MOBs)
Unlisted REIT acquires portfolio of assets in four states for more than $79 million By John B. Mugford With the medical office building (MOB) sales market showing no signs of slowing down in the near future, Carter Validus Mission Critical REIT (CVMC REIT) jumped on the chance to acquire a fully leased, five-building portfolio in […]
Outpatient Projects: Duke Realty, Plaza plan Phoenix MOB
Development firms could build up to 125,000 s.f. on Banner Estrella campus By Erin E. Porter and John B. Mugford For Peoria, Ariz.-based Plaza Companies, a new medical office building (MOB) planned for the campus of Banner Estrella Medical Center in Phoenix would add to its 10 million square foot portfolio of owned and managed space. […]
Inpatient Projects: Upstate N.Y. hospital unveils big plan
Vassar Brothers Medical Center in Poughkeepsie to expand with $466M pavilion By Erin E. Porter With a design that’s meant to capture the look and feel of the adjacent Hudson River, a new patient pavilion being planned for Vassar Brothers Medical Center is expected to be a landmark and a point of pride for the […]
Companies & People: ‘I feel like we’re just getting started’
Five years after the Ventas deal, Todd Lillibridge says there’s still plenty to do By Murray W. Wolf Five years ago, when Ventas Inc. (NYSE: VTR) acquired Lillibridge Healthcare Services Inc. and its portfolio of 95 medical office buildings (MOBs), some wondered how long top Lillibridge executives – particularly the firm’s president and CEO, Todd […]
Companies & People: 5 Questions for: Todd W. Kibler
Hammes Partners principal talks about the firm’s new $430M investment fund By John B. Mugford In the context of what can be considered the rather brief history of healthcare real estate, a sector that did not really take off until the early 2000s, Hammes Company Healthcare has been around for a long, long time. Since […]
Companies & People: Mason and Konkoli join HREI board
Top Cushman & Wakefield and Duke Realty executives named to advisory group By Murray W. Wolf Top healthcare real estate executives Scott A. Mason and Keith Konkoli have joined the Healthcare Real Estate Insights™ Editorial Advisory Board. Mr. Konkoli was recently promoted to executive vice president (EVP) and now leads the healthcare group for Indianapolis-based […]
Outpatient Projects: Kaiser Permanente to build massive new facilities in and around Riverside, Calif.
MURRIETA, Calif. – Oakland, Calif.-based Kaiser Permanente is embarking on a 25-year plan to build 824,500 square feet of medical space at the intersection of Mapleton Avenue and Keller Road in northern Murrieta, about 38 miles south of Riverside, Calif.
Transactions: Carter Validus closes on Kansas rehab hospital and Florida urgent care center
TAMPA, Fla. – Following up on more previously announced deals involving Tampa-based Carter Validus, the private, non-traded REIT announced April 23 that it had closed on the acquisitions of a rehabilitation hospital in Kansas and an urgent care center in Florida.
Transactions: Carter Validus completes 21st Century Oncology Portfolio deal for $117 million
TAMPA, Fla. – Carter Validus Mission Critical (CVMC) REIT Inc. reported May 20 that it has completed the previously announced acquisition of the five-state, 20-property 21st Century (21C) Radiation Oncology real estate portfolio for about $117 million.
Outpatient Projects: At least 11 hospitals, systems planning, opening ambulatory surgery centers
NATIONWIDE – Ambulatory surgery centers (ASCs) are certainly gaining traction as the country’s health sector moves from an inpatient delivery model to an outpatient one.
Transactions: More Healthcare Real Estate Transactions
Two medical facilities in Raleigh, N.C.’s Brier Creek area recently changed hands, according to the local Triangle Business Journal. Alm Street Medical Office, a two-story, 30,924 square foot facility at 10211 Alm St. was sold for $12.5 million, or $404 PSF, according to the business publication. It was sold to an entity affiliated with Roebling […]
Outpatient Projects: Springfield, Ill., hospital makes plans for new MOB, renovation of neonatal unit
SPRINGFIELD, Ill. – HSHS St. John’s Hospital and Springfield’s Southern Illinois University School of Medicine (SIU) recently announced a 10-year plan to develop a $50 million outpatient office building and to make more than $10 million in renovations to the neonatal intensive care unit on the campus.