Breaking News: Cottonwood Place Senior Living Breaks Ground – ISL to Manage New Community
CARLSBAD, CA (July 15, 2013) – Integral Senior Living (ISL), a leader in managing senior living communities, is pleased to announce a new community it will be managing. Cottonwood Place Senior Living in Holladay, UT, recently broke ground to begin construction of the new assisted living and memory care community. The new community, located at 5600 […]
Editor’s Letter: The Obamacare effect
Even if support wanes, the HRE sector will benefit Dear Reader: Admit it. Those of you who disdain President Obama and all that he stands for politically prefer to use the term “Obamacare” when referring to the Patient Protection and Affordable Care Act (PPACA). The reference seems to encapsulate one’s negative feelings not only about […]
News Release: Cancer center earns EPA’s ENERGY STAR®
Duke Realty-developed building commonly known as Baylor Charles A. Sammons Cancer Center receives Environmental Protection Agency recognition for superior energy efficiency DALLAS, July 10, 2013 – The building commonly known as the Baylor Charles A. Sammons Cancer Center in Dallas, developed and managed by Duke Realty, has earned the U.S. Environmental Protection Agency’s (EPA’s) ENERGY […]
News Release: Caddis starts work on next Heartis community
The firm’s second branded assisted living and memory care community near Eagle Mountain Lake in north Fort Worth, Texas, is part of its $100 million senior housing investment program FORT WORTH, Texas, July 10, 2013 – Just a few weeks after announcing its plan to invest more than $100 million in senior housing projects during […]
News Release: American Realty Capital Healthcare Trust Investment Update
American Realty Capital Healthcare Trust (“ARC HT”), is a publicly registered, non-traded real estate investment trust focused on the acquisition of income producing healthcare facilities across the medical care continuum. Company Highlights Completed $1.7 billion equity raise during 2Q 2013 Closed over $200 million of transactions in 2013 (approximately $900 million in total) Portfolio includes […]
News Release: EnTrust Realty Advisors Announces the Sale of the Lincoln Healthcare Building in Bettendorf, IA
CHICAGO, July 9, 2013 – EnTrust Realty Advisors, LLC, announces the sale of the Lincoln Healthcare Building, a 39,899 SF medical office building in Bettendorf, IA. James I. Clark III, EnTrust’s Managing Principal, announced the transaction. EnTrust Realty Advisors and NAI Ruhl & Ruhl Commercial Company represented the seller, a private partnership, in the transaction; […]
News Release: Fairfield Advisors announces successful closing of St Vincent Medical Office Building
Denver CO & Little Rock AR / PR Newswire – Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the St Vincent Medical Office Building in Lonoke, AR. The Medical Office Building is anchored by the St Vincent Hospital System with headquarters in Little Rock […]
CNL Lifestyle Properties Acquires Indiana Senior Housing Community for $22 MILLION – 221 Unit Facility Located near Indianapolis
(ORLANDO, Fla.) July 2, 2013 – CNL Lifestyle Properties, Inc., a real estate investment trust (REIT), has acquired The Stratford Continuing Care Retirement Community, a 221-unit, Class A senior housing community in Carmel, Ind., for $22 million. The community will continue to be managed by Maxwell Group Inc., which currently manages properties in North Carolina, South Carolina, […]
News Release: Ryan Companies US, Inc. Begins Senior Housing Renovation Projects
Three Crowns Park is Converting Skilled Nursing Unit to Memory Care Center Friendship Village of Schaumburg Updating Various Interior and Exterior Spaces Naperville, Ill. (July 2, 2013)—Ryan Companies US, Inc. has begun senior housing renovation enhancements for Three Crowns Park in Evanston, Ill., and Friendship Village of Schaumburg in Schaumburg, Ill. These projects add to […]
News Release: New York Downtown Hospital Merges with NewYork-Presbyterian Hospital
Newly named NewYork-Presbyterian/Lower Manhattan Hospital is the only acute care hospital south of 14th Street NEW YORK (July 1, 2013) — NewYork-Presbyterian Hospital announced today that New York Downtown Hospital has become its sixth campus, the result of a merger between the two hospitals. The 180-bed community hospital, now renamed NewYork-Presbyterian/Lower Manhattan Hospital, remains the […]
News Release: Emeritus Senior Living Announces Lease of 38 Communities
SEATTLE, WA, June 27, 2013 – Emeritus Corporation (NYSE: ESC) (“Emeritus”), the nation’s largest provider of assisted living and memory care services, today announced that the Company has entered into definitive agreements with Health Care REIT, Inc. (NYSE: HCN) (“HCN”) and Merrill Gardens under which Emeritus will lease a total of 38 senior housing communities […]
Cover Story: Is it wise to monetize MOBs?
At BOMA, health system executives outlined why their answer is ‘yes’
Feature Story: A new name is closing MOB deals
Fairfield Asset Advisors says it’s found a niche in healthcare real estate. Recent deals appear to back that up. By John B. Mugford New entrants often trumpet their move into the healthcare real estate sector, but most of them don’t succeed. Fairfield Asset Advisors is letting its transactions do the talking.
Post-Acute & Senior Living: Firm puts its brand on senior sector
Caddis Partners plans to develop up to 12 senior residences in next 18 months By Murray W. Wolf Caddis Partners LLC, a healthcare real estate firm best known for its medical office buildings (MOBs), is jumping into the senior housing market with both feet. In recent weeks, the Dallas-based healthcare real estate development, management and […]
Transactions: Two months, 21 assets acquired
Griffin-American Healthcare REIT II spends $141.3 million on 17 MOBs, four SNFs By John B. Mugford In the largest of the more-recent transactions, the REIT purchased 11 properties in what is known as the Central Indiana MOB Portfolio. The seller was