Companies: Foulger-Pratt gains big capital partner
WITH A RECAPITALIZATION, NEW VENTURE LOOKS TO INVEST IN THE $200M RANGE By John Mugford You could call them business marriages made in joint-venture heaven. Many regional healthcare real estate developers and medical office building (MOB) owners are looking for an influx of capital so that they can grow their businesses at a time when […]
Inpatient Projects: New VA med center finally under way
$1 BILLION REPLACEMENT FACILITY SLATED TO OPEN IN NEW ORLEANS IN 2014 By John Mugford Hurricane Katrina and the flooding it caused destroyed much of New Orleans back in 2005. Included in the destruction were a number of hospitals, such as the U.S. Department of Veterans Affairs (VA) hospital. Since then, the 70,000 registered veterans […]
Outpatient Projects: MOBs going up at new Texas hospitals
DUKE REALTY DEVELOPING 186,500 S.F. OF SPACE FOR SCOTT & WHITE SYSTEM By John Mugford Construction is under way on two medical office buildings (MOBs) on two separate future hospital campuses of Temple, Texas-based Scott & White Healthcare. The MOBs, which are being developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE), are being built in […]
ARC buys $63M Wisconsin portfolio
NEW YORK-BASED UNLISTED REIT BUYS BUILDINGS OCCUPIED BY AURORA MEDICAL By John Mugford ARC Healthcare Trust, an unlisted real estate investment trust (REIT) based in New York, is making its case for being one of the most aggressive buyers of medical real estate. In July, the REIT added to its string of recent acquisitions by […]
Transactions: Details dribbling out on HCN MOB buy
HEALTH CARE REIT BOUGHT A DOZEN MOBs FROM A PAIR OF TEXAS DEVELOPERS By John Mugford and Murray W. Wolf This could be the best-kept secret in healthcare real estate – or at least it was. In what might end up going down as one of the larger transactions of 2012, Toledo, Ohio-based Health Care […]
Capital Markets Snapshot: Is there a ride in store for this fall?
PRESIDENTIAL ELECTION, EUROPEAN DRAMA COULD SPUR MARKET REACTIONS By Cain Brothers Healthcare real estate capital markets are at exceptionally low levels, as are all high-quality U.S. credit markets. At the same time, transaction volume is relatively low as many health systems are instead focused on mergers with other hospitals and integration strategies with physicians.
Provider Perspective: Resuscitating real estate
EXECS TALK OF TRENDS AFFECTING SYSTEMS By John Mugford Buzzwords abound in every industry, creating a notion that if one can simply stay on top of the latest trends and implement the newest innovations, success is likely to follow. In the healthcare real estate development sector, current buzzwords have to do with “repurposing” other property […]
Product Focus: Big quarter for MOB sales
$1.6 BILLION IN Q2 TOPS STRONG FIRST QUARTER. By John Mugford Medical office building (MOB) sales in the second quarter of 2012 were quite prolific, almost reminiscent of quarterly results during the boom years leading up to the recession. According to the most recent data from New York-based Real Capital analytics (RCA) Inc., a commercial […]
Industry Pulse: August 2012
NEW ALBANY, Ohio – It looks as if a city in Ohio has successfully entered the medical office building (MOB) development arena. In New Albany, a city of about 7,300 people in the northeast suburbs of Columbus, city officials are moving forward with the development of a 48,000 square foot building that will contain mostly […]
Editor’s Letter: The talk of the town
MARKET FOCUSES DIG INTO DETAILS, TRENDS By John B. Mugford. Dear Reader: This edition of Healthcare Real Estate Insights™ includes one of our most popular features, a Market Focus section on a particular major metropolitan area of the country. These highly detailed, labor-intensive projects have long been rated highly by our readers (when we have […]
Market Focus: Retail sites sizzling in the Twin Cities
PROVIDERS SEEM SOLD ON REDEVELOPED AND REPURPOSED STORE LOCATIONS By Murray W. Wolf and John B. Mugford Call it the MOB at the MOA. A major medical office building (MOB) has been proposed as part of a planned expansion of the 4.2 million square foot Mall of America (MOA) in the Minneapolis suburb of Bloomington, […]
Market Focus: Twin Cities: the future of healthcare?
‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]
Outpatient Projects: Landmark developing New York MOB
DEVELOPER WILL OWN 100,000 S.F. FACILITY ALONG WITH DOCS WHO TAKE PART By John Mugford In a classic third-party development arrangement, Milwaukee-based Landmark Healthcare Facilities LLC is moving forward with plans to build, own and manage a medical office building (MOB) on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y. […]
Transactions: REIT, new to space, buys MOBs in N.C.
HIGHWOODS PROPERTIES BUYS THREE BUILDINGS IN GREENSBORO FOR $29.68M By John Mugford In a further indication that investor demand for healthcare real estate is coming from a variety of sources – including buyers not previously heavily involved in the space – a name that is unfamiliar in healthcare real estate circles recently landed a portfolio […]
Capital Markets Snapshot: Take heed of low yields for MOBs
AT THESE LEVELS, INVESTORS MUST UNDERSTAND MEDICAL REAL ESTATE RISKS By Cain Brothers The Cain Brothers Cap Rate, an index designed to estimate the yield of high quality MOBs, is approaching its historic low, and the spread of that index is approaching its historic high. This is indicative of the challenge that the capital markets […]