Post-Acute & Senior Living: NorthStar stays active in seniors sector with $170 million in investments
NEW YORK – Greenwood Village, Colo.-based NorthStar Healthcare Income Inc., a non-traded REIT, recently announced $170 million worth of investments in an assisted living portfolio and a mezzanine loan backed by a skilled nursing and assisted living portfolio. Sponsored by NorthStar Asset Management Group, the REIT invests in all facets of the senior housing sector.
Post-Acute & Senior Living: Following Omega deal, Aviv REIT announces $305M, 28-asset portfolio purchase
CHICAGO – Just days after disclosing a planned $10 billion merger with Omega Healthcare Investors, Chicago-based Aviv REIT (NYSE: AVIV) announced the acquisition of a $305 million portfolio from Diamond Senior Living LLC, a subsidiary of General Electric Credit Corp. of Tennessee. The deal includes 29 properties and is the largest company acquisition in 30 […]
Post-Acute & Senior Living: Medical Properties Trust makes big buys, including $900M deal in Germany
BIRMINGHAM, Ala. – Birmingham-based Medical Properties Trust Inc. (NYSE: MPW) is expanding its senior healthcare brand to Germany. The real estate investment trust recently announced a plan to acquire and lease back all of the real estate assets currently held by MEDIAN Kliniken Group, the largest private provider of post-acute and acute rehabilitation facilities in […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Murfreesboro, Tenn.-based National Health Investors (NYSE: NHI) is planning to lend $154.5 million to recapitalize and finance the expansion of Timber Redige at Talus, a continuing care retirement community in Issaquah, Wash. The facility serves the greater Seattle area and currently has 184 independent living apartments which are 95 percent occupied. The expansion plans […]
Companies & People: 5 questions for Chris Rooney
AHI’s top asset manager talks about REIT strategy, the HRE market and more By Dan Larson One of the most prolific buyers of healthcare real estate (HRE) in recent years has been Irvine, Calif.-based Griffin-American REIT II, an unlisted real estate investment trust (REIT) that has acquired more than $2.6 billion worth of healthcare facilities […]
Companies & People: More Companies & People News
■ ERDMAN recently hired Jenne L. Meyer as VP of the ERDMAN brand. Ms. Meyer has more than 20 years of experience in branding, marketing, market research, and marketing innovation in the healthcare sector. She most recently served as the director of Global Strategic Marketing at GE Healthcare, where she was “instrumental in building and growing […]
REIT Report: Omega REIT to grow to $10 billion
Publicly traded healthcare trust has agreed to acquire Aviv REIT for $3 billion By Dan Larson rowing demand for senior housing facilities is resulting in billion-dollar deals for real estate companies involved in the space. As an example, NorthStar Realty Finance Corp. and Ventas Inc. gained attention over the summer with multi-billion dollar acquisitions of […]
Cover Story: Who are the largest owners of healthcare real estate?
Revista has compiled a list of the top 50, and the answers might surprise you By John B. Mugford Who are the largest individual owners of healthcare real estate (HRE) assets in the United States? As you pondered the question, the first organizations that popped into your mind might have been the largest publicly traded […]
Transactions: Harrison Street brings in $283M
Equity firm completes separate sales to Health Care REIT and CNL Healthcare By John B. Mugford Since its founding in the mid-2000s, Chicago-based Harrison Street Real Estate Capital has developed a successful formula for enhancing value in the properties it accumulates, holds and eventually sells in portfolios. The company accomplished such a strategy in recent […]
Transactions: CNL pays $47.9 million for MOBs in Glendale, Calif., and Massachusetts
ORLANDO, Fla. – In more news from CNL Healthcare Properties, the non-traded REIT recently made MOB acquisitions in Greater Boston and Glendale, Calif., paying a total of $47.9 million in two separate transactions. In Glendale, CNL acquired the Lee Hughes Medical Building, a 76,758 square foot MOB on the campus of the 500-bed Glendale Adventist […]
Transactions: Health Care REIT finds $200M deal
Firm acquires four-MOB portfolio in Southern California for more than $500 PSF By John B. Mugford The country’s second largest owner of healthcare real estate (HRE), Toledo, Ohio-based Health Care REIT (NYSE: HCN) recently found a deal to its liking in Southern California, picking up a portfolio of four healthcare properties with five facilities for […]
Outpatient Projects: Carter Validus to own Texas MOB
$20 million, 60,000 s.f. MOB under construction on campus of Victory hospital By John B. Mugford In today’s highly regulated, ever-consolidating healthcare sector, Texas looks to be the land of opportunity for privately owned, for-profit providers and companies. One of them is The Woodlands, Texas-based Victory Healthcare, which will soon have eight locations in the […]
Outpatient Projects: NexCore Group is developing and will own medical fitness facility in Ohio
ORANGE TOWNSHIP, Ohio – As part of an effort to focus on population health management, a Columbus, Ohio-based health system plans to open an integrated ambulatory care center in the suburbs that would offer fitness amenities alongside physician offices. Ground was broken in recent weeks on the $36.8 million MC Fitness & Health center in […]
Inpatient Projects: Vanderbilt gets okay for $118M plan
Tennessee grants Certificate of Need for project to add 108 newly licensed beds By John B. Mugford Despite the national shift to an outpatient healthcare system, new hospital beds are still needed in some markets and at some hospitals, as evidenced by Vanderbilt University Medical Center’s recently approved project to add 108 new beds […]
Inpatient Projects: Henry Mayo Newhall Hospital starting $110 million, 116-bed tower in Valencia, Calif.
SANTA CLARITA, Calif. – A new six-story tower that will soon get underway in Valencia will add 116 beds to the Henry Mayo Newhall Hospital, in the heart of the Santa Clarita Valley about 30 miles north of Los Angeles. The project is slated to cost about $110 million and be completed in May 2018.