News Release: Magna Health Systems Completes Permanent Financing For Surgical Center; SomerCor 504 Provides Financing SBA 504 Program
Chicago, Ill. (July 19, 2013) – Magna Health Systems has secured permanent financing for its newly developed surgical center at 7456 S. State Road in Bedford Park, Ill. Gabe Beukinga, Senior Vice President, SomerCor 504 worked with Magna Health Systems to secure a significant portion of the loan through the SBA 504 loan program. The new […]
News Release: MedProperties Holdings LLC adds Ohio MOB
Dallas-based firm partners with Equity Inc. to acquire the 65,670 square foot, Class A Evendale Healthcare Center in suburban Cincinnati. Extensive renovations are planned. CINCINNATI and DALLAS, July 18, 2013 – A recently-formed partnership of MedProperties Holdings LLC and Equity Inc. has acquired the Evendale Healthcare Center medical office building (MOB) in suburban Cincinnati. MedProperties […]
News Release: Central Banks in U.S. and Europe Remain Oceans Apart on Strategies to Stimulate Economic Growth, Cambridge Chairman Says
The U.S. and its European trading partners remain oceans apart on strategies aimed at stimulating economic growth, an article posted on the Cambridge Realty Capital Co. website suggests. “In recent weeks, central bankers in the U.S. have been more transparent in discussing a conditional timetable for the phase-out of programs aimed at keeping interest rates […]
News Release: Erica Hirsen Joins Ferguson Partners
Erica Hirsen to Ferguson Partners Chicago office. As Director of Ferguson Partners Ltd., Ms. Hirsen will focus on developing and serving clients in the healthcare real estate industry, specifically in senior housing. Prior to joining Ferguson Partners, Ms. Hirsen was an Assistant Vice President with GE Capital’s Healthcare Financial Services – Real Estate business, a […]
News Release: CNL Healthcare Properties Acquires Four Medical Office Buildings in Tennessee
CNL Healthcare Properties has acquired four medical office buildings in or near Knoxville, Tenn., from affiliates of N.T. Brinkman, Inc., for approximately $57.3 million. The four Knoxville Medical Office Properties total more than 200,000 square feet of modern, Class A, medical office space and include the Physicians Plaza A at North Knoxville Medical Center, Physicians […]
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 […]