Post-Acute & Senior Living: Senior living community, new homes planned for Centerville, Ohio
CENTERVILLE, Ohio – A new senior living community will be built on a 65-acre tract of land along Social Row Road between Sheehan and Paragon roads in Centerville. Sixty-five to 75 single-family homes also will be built on the land for a total project cost of $60 million. The main senior living complex, which will […]
Post-Acute & Senior Living: Senior housing posted occupancy gains during first quarter, NIC says
ANNAPOLIS, Md. – The average occupancy rate for senior housing facilities in the first quarter (Q1) of 2014 was 89.8 percent, an increase of 0.1 percentage points from the previous quarter and a 0.8 percentage point increase over last year. That’s according to the National Investment Center for the Seniors Housing & Care Industry (NIC), […]
Post-Acute & Senior Living: NorthStar to acquire $1.05B healthcare portfolio from Formation Capital, Safanad
NEW YORK – NorthStar Realty Finance Corp. (NYSE: NRF) announced March 17 that it has agreed to acquire a $1.05 billion healthcare real estate (HRE) portfolio from investment partnerships owned and managed by Formation Capital LLC or its affiliates and Safanad Ltd. The portfolio includes 43 primarily private-pay senior housing facilities and 37 skilled nursing […]
Publisher’s Letter: MOB demand unlikely to decrease anytime soon
I’ve been everywhere, man. Next: Nashville, Tenn. Dear Reader: After a brief pause in late 2013 and early this year, the healthcare real estate (HRE) conference schedule has once again shifted into high gear. So far in 2014, Healthcare Real Estate InsightsTM has participated in four HRE conferences, taking us to Boca Raton, Fla.; Los […]
Companies & People: NIC seeks antidote for anecdotes
Association adds chief economist to reduce sector’s reliance on assumptions By Murray W. Wolf In the absence of hard data about the U.S. economy’s impact on senior housing, decision makers in the sector must often rely on assumptions. For example, most senior living operators and real estate professionals assume that periods of weak single-family home […]
Companies & People: First MOB database to be launched
Revista, whose principals were formerly with NIC, plan to provide detailed data By John B. Mugford For years, healthcare real estate professionals have been asking where they can find a complete listing of each and every medical office building (MOB) in the country. Some say such an all-encompassing list does not exist, while others say […]
Companies & People: More HRE Company News
Fairfield Asset Advisors, a real estate advisory firm focused on healthcare, recently facilitated the refinancing of an MOB in Henderson, Nev., a suburb of Las Vegas. The building, the Coronado Medical Office Building, is at 2779 West Horizon Ridge Parkway, which is in close proximity to St. Rose Medical Center. The 40,000 square foot facility […]
Companies & People: JLL Healthcare Solutions lands assignment from 1,385-bed Main Line Health
PHILADELPHIA —Main Line Health (MLH) in Philadelphia has engaged Chicago-based Jones Lang LaSalle’s Healthcare Solutions group to oversee and enhance the system’s maintenance and engineering functions with a goal of increasing economic efficiencies, performance improvements and operational advantages. According to officials with Jones Lang LaSalle (NYSE: JLL), Main Line Health joins a growing number of […]
News Release: SNL Real Estate: US Equity REITS’ Capital – Raising More Than $13B YTD
As of April 4, U.S. equity REITs had generated $13.33 billion in capital year-to-date, markedly less than the $19.45 billion raised over the same period in 2013. U.S. equity REITs had raised a total of $13.33 billion in capital year-to-date as of April 4, compared to $19.45 billion raised during the same period in 2013. […]
News Release: Seavest closes $29 million long-term loan
Real estate investment management firm secures new financing for the three-story, 149,000 square foot Beaumont Medical Center in West Bloomfield, Mich. WEST BLOOMFIELD, Mich., and WHITE PLAINS, N.Y., April 9, 2014 – Seavest Healthcare Properties has closed on $29 million in new long-term financing for the Beaumont Medical Center in West Bloomfield, one of Money […]
News Release: Ensemble Real Estate Solutions completes $2.4 million sale of Camino Del Sol Dental Plaza
Phoenix, AZ (April 7, 2014) – Ensemble has negotiated the $2.4 million sale of Camino Del Sol Dental Plaza, an 8,395 square-foot medical office building located at 13802 W Camino Del Sol in Sun City West, Ariz. Tracy Altemus, Marina Hammersmith and Autumn Storm of Ensemble’s Phoenix office represented the seller in the transaction. The seller was […]
Inpatient Projects: NorthBay announces big upgrades
Healthcare system will invest $200 million on Solano County, Calif., facilities By Connie M. McCaffrey NorthBay Healthcare , an independent Fairfield, Calif.-based health system, announced that in addition to its newly opened $20 million Green Valley Health Plaza in Fairfield, it plans to begin major construction on its two hospital campuses in Fairfield and Vacaville, […]
Cover Story: When is a hospital not a hospital?
Perhaps when it’s a ‘re-admit facility’ designed to avoid readmission penalties As health systems prepare further for the Patient Protection and Affordable Care Act (PPACA), they must figure out ways to avoid certain potential penalties assessed for excessive readmissions to their hospitals. One member of the audience at InterFace Healthcare Real West 2014 asked a […]
Cover Story: Looming over the real estate landscape: Health system executives discuss the ongoing effects of the PPACA on the HRE sector
Health system executives discuss the ongoing effects of the PPACA on the HRE sector By John Mugford As if providers aren’t facing enough pressures with the changing of the whole delivery model paradigm, healthcare reform has thrown even more complications at them. The Patient Protection and Affordable Care Act (PPACA), which was enacted into law […]
Hot Property: Retail, medical compose portfolio
Properties are in massive AllianceTexas mixed-use area of Fort Worth Name: Fort Worth Retail/M.O. Portfolio Addresses: 12650 N. Beach St.; 12457, 12465, 12485 Timberland Blvd. City: Fort Worth, Texas Number of buildings: 4 Total square feet: 33,410 Occupancy: 100% Seller: Unnamed Tenants: UNT Health Science Center, 7-11 Combined NOI: $732,737 Brokers: Scott Herbold, Jennifer Pierson, […]