News Release: CNL Healthcare Properties Acquires First Skilled Nursing Communities Portfolio for $56.4 Million
Portfolio comprises six facilities in Arkansas (ORLANDO, FL) June 6, 2013 – CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired six skilled nursing properties in Arkansas for $56.4 million. This portfolio marks the company’s first acquisition in the post-acute care space. “We are excited to introduce skilled […]
News Release: American Realty Capital Healthcare Trust Has Assembled a Portfolio of $1.174 Billion of Assets, Including Assets Owned and Under Contract/Letter of Intent, and Expects to Fully Deploy the Remaining Equity Capital Raised in its IPO By the End of the Third Quarter
ARC Healthcare’s $1.174 Billion Portfolio Includes $850 Million of Healthcare Assets Purchased to Date, its $287 Million of Properties Under Executed Purchase and Sale Agreements, and $37 Million of Acquisitions Subject to Executed Letters of Intent The Company Will Complete its Acquisition Program Drawing from its Robust Pipeline of $1.1 Billion of Properties on which […]
News Release: Just Closed – Texas U.S. Oncology Center
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Texas U.S. Oncology Center. Sale Date: May 23, 2013 Sale Price: $9,500,000 Price PSF: $323 Building Size: 29,400 SF Year Built: 2000 Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Texas U.S. […]
News Release: Patient and Physician Experience Drive Leasing on New Silver Cross Hospital Campus
DENVER and NEW LENOX, Ill., May 29, 2013 – NexCore Group, a top-ranked healthcare real estate company, has finalized over 22,000 square feet of leases since the beginning of this year at its 182,000 gross square foot Pavilion A Medical Office Building on the new Silver Cross Hospital campus in New Lenox, a southwest suburb […]
Cover Story: Hit the road with HREI!
We unpack highlights from healthcare real estate conferences across the USA When we began publishing Healthcare Real Estate InsightsTM more than a decade ago, there was only one established medical office buildings (MOB) conference and that event was relatively small. The 2003 BOMA MOB Conference piggybacked on the national BOMA convention and attracted about 150 […]
Feature Story: HTA now getting plenty of attention
After a low-key NYSE listing, the healthcare REIT has taken steps to get noticed By John B. Mugford There are speculations as to why Healthcare Trust of America Inc. did not receive as much attention as anticipated from analysts after it went public on June 6, 2012. On that day, the company went from being […]
Transactions: MOB sales topped $1B again in Q1
That makes four straight quarters of $1 billion-plus, and 16.7% above Q1 2012 One of the top transactions of Q1 was ARC Healthcare Trust’s acquisition of the Northside East Cobb Medical Campus in Marietta, Ga., for $19.2 million. Photo courtesy of CBRE Group Inc. By John B. Mugford As 2012 […]
Transactions: Harrison Street completes $58M buy
Allina Health monetizes 200,000 square foot outpatient campus near Minneapolis Chicago-based Harrison Street has acquired the three building, 200,000 square foot WestHealth outpatient campus in suburban Minneapolis from Allina Health. HREI Photo by Andrew Wolf By John B. Mugford As one drives along busy U.S. Interstate 494 through Plymouth, […]
Transactions: ARC Healthcare moves quickly to acquire MOB in West Michigan
WYOMING, Mich. – In today’s MOB sales market, where demand far outpaces supply, quality facilities get snapped up rather quickly – at strong prices to boot. A good example can be found in Wyoming, just south of Grand Rapids. There, New York-based ARC Healthcare Trust Inc., an unlisted real estate investment trust (REIT), paid $16.4 […]
Transactions: Stage Equity Partners finds MOB in Illinois that fits its ‘sweet spot’
ELK GROVE VILLAGE, Ill. – Skokie, Ill.-based Stage Equity Partners LLC recently acquired an MOB in Elk Grove Village that is just a stone’s throw from the 387-bed Alexian Brothers Medical Center. The private real estate investment firm acquired the multi-tenant, 52,126 square foot Woodland Square MOB complex for $7.2 million, or $138 PSF. The […]
Hot Property: A big, rare MOB portfolio hits D.C.
Washington Real Estate Investment Trust’s portfolio has 17 assets, 1.3 million s.f. The Woodburn Medical Park II building in Annandale, Va., is one of 17 offered for sale by Washington Real Estate Investment Trust in the Washington, D.C., area. Photo courtesy of WRIT Name: WRIT Medical Office Portfolio Number […]
Cover Story: Ready or not, here it comes
Change, that is. System executives discuss how to prepare. Destination: InterFace Healthcare Real Estate West, Los Angeles By John B. Mugford Ah, the comfort of the status quo. For the people and companies involved in healthcare real estate, the next year or so is supposed to be, according to some high-level observers, a lot like […]
Companies & People: All systems go for MedProperties
After closing its first fund the investment firm launches $150 million second fund By John B. Mugford When MedProperties Holdings LLC entered the healthcare real estate (HRE) sector in 2007, principals with the private equity firm spent plenty of time spreading the word about what they could offer to developers, buyers and lenders. As the […]
Outpatient Projects: UConn’s new facility to foster growth
Work is underway on massive ambulatory care center that will have 300,000 s.f. By John B. Mugford The University of Connecticut (UConn) Health Center is going all out in its effort to provide more outpatient services on its campus, and so is the state of Connecticut. Construction started in recent months on a future $203 […]
Post-Acute & Senior Living: Rehab hospital is a sign of the times
Duke Realty moves into post-acute space as providers try to trim readmissions By Murray W. Wolf One of the most talked-about aspects of the Patient Protection and Affordable Care Act (PPACA), or healthcare reform, is that hospitals and health systems now face financial penalties for above-average rates of readmissions for certain “preventable” conditions covered by […]