Post-Acute & Senior Living: NHI lends $154.5M for CCRC project
Firm will use funds to recapitalize and expand Seattle-area senior living campus By Erin E. Porter National Health Investors Inc. (NYSE: NHI) recently announced finalization of a $154.5 million loan to Timber Ridge at Talus, a Seattle-area entrance-fee senior living community. The Class A community, located in the southeast suburb of Issaquah, will use the […]
Post-Acute & Senior Living: HCP, Brookdale, plan $849M deal
REIT and operator use RIDEA structure to acquire 5,025-unit Chartwell portfolio By Murray W. Wolf Healthcare real estate investment trust (REIT) HCP Inc. (NYSE: HCP) and senior living operator Brookdale Senior Living Inc. (NYSE: BKD) announced March 17 that they have entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of 35 private-pay senior living […]
Industry Pulse: Micro Hospitals: What’s the Big Idea?
Micro hospitals include urgent care, EDs and inpatient beds. Healthcare providers are exploring every possibility these days when it comes to healthcare real estate (HRE) product types that can support delivery models that improve quality, increase efficiency, reduce costs, provide more convenient patient access and expand market share.
Post-Acute & Senior Living: Cambridge sees upswing in 2015 loans, arranges refis for S. California communities
CHICAGO – Cambridge Realty Capital Cos. has gotten 2015 off to a fast start with an increase in loan origination requests, and announced two HUD Lean Loans for senior communities in the Los Angeles area.
Industry Pulse: Hurricane Sandy Opens Door To Outpatient Plan
Apparently not even a hurricane can stem the tide toward an outpatient delivery model. Three years after Hurricane Sandy devastated parts of the East Coast, the owner of a shuttered hospital just outside of New York City has announced that the facility could eventually be reconstructed, but not as an inpatient facility.
REIT Report: Med Properties Trust finding deals
The REIT buys hospitals in Kansas and Nevada; also makes foray into the U.K. By John B. Mugford In this, the era of healthcare reform and increased competition, hospitals continue to explore ways to improve their bottom lines while feeling pressure to upgrade their medical technology and expand their service offerings.
Post-Acute & Senior Living: Sinai Residences to be completed in December; sells out, starts waiting list
BOCA RATON, Fla. — The upscale Sinai Residences in Boca Raton, which is scheduled to open in December, is sold out and has started a waiting list, its organizers announced recently.
Companies & People: Five questions for: Malcolm S. Sina
Two years after leaving Lend Lease, he is back at developing healthcare facilities By John B. Mugford When Malcolm S. Sina first started developing medical office buildings (MOBs) in the mid-1990s, most health systems were accustomed to, and comfortable with, developing their own MOBs with their own capital.
Companies & People: HRE Capital was advisor on the sale of ASCs in Houston and St. Joseph, Mo.
HOUSTON and ST. JOSEPH, Mo. – Healthcare Real Estate Capital (HRE Capital), a national advisory firm focused on the HRE sector, acted as the financial advisory firm to a group of physicians who recently sold standalone ambulatory surgery centers (ASCs) in Houston and St. Joseph.
Companies & People: More Healthcare Real Estate Company & People News
CNL Financial Group recently hired Scott McCorvie as VP of acquisitions. Mr. McCorvie has extensive experience working with senior housing and HRE and will continue to focus on those sectors. Prior to joining Orlando, Fla.-based CNL, Mr. McCorvie was the manager of investments at Sentio Investments LLC, also of Orlando, where he served as an […]
Hot Property: Pick up a pair of MOBs near Piedmont
Adjacent facilities next to major hospital in Stockbridge, Ga., are 92.8% leased Name: Pinnacle at Eagles Landing Address, City, State: 1040, 1050 Eagles Landing Parkway, Stockbridge, Ga. Number of buildings: 2 Total square footage: 85,190 Lot size: 7.22 acres Leased: 92.8% Years completed: 2002, 2004 Anchor tenant: Emory Healthcare Brokers: Lee Asher, Chris Bodnar Brokerage: […]
Cover Story: Record-setting medical office sales reflect soaring investor demand
Both Q4 and 2014 set new records for total transaction volume By John B. Mugford Seemingly insatiable investor demand for medical office buildings (MOBs) continued unabated during the fourth quarter (Q4) of last year as the total dollar volume of transactions for both the quarter and year established new records. Back in February 2013, we […]
Feature Story: Plenty more predictions for 2015
Another dose of observations and prognostications from the HREI™ editorial board By John B. Mugford The recently-published 2015 HREI™ Resource Guide™ included several articles on what might be ahead for the healthcare real estate (HRE) sector, including a story focusing on a discussion with the Healthcare Real Estate Insights™ Editorial Advisory Board last fall. That […]
Transactions: NGKF helps Accretive cash in
Broker has handled four dispositions for the real estate investment firm in the past year By John B. Mugford In about the span of a year, the Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF) completed the dispositions of four healthcare real estate (HRE) facilities in Southern California for Irvine, Calif.-based Accretive Realty Investment […]
Transactions: Physicians Realty Trust lands MOB across the street from hospital in New Orleans
NEW ORLEANS — Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently paid $10.5 million for an eight-story MOB across the street from the 156-bed Oschner Baptist Medical Center in downtown New Orleans.