Industry Pulse: Ventas says it might invest in hospitals
It’s not all that unusual for HRE investors to own hospitals. Typically, however, those hospitals have been rehabilitation, long-term care or other specialty facilities, not general acute care hospitals. But could acute care hospitals be the next frontier of healthcare real estate investment? No lesser authority than the chairman and CEO of one of the […]
Transactions: National Health Investors announces $26.3 million senior living acquisition
MURFREESBORO, Tenn. –National Health Investors Inc. (NYSE: NHI) has announced that it plans to acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. The facilities, both less than two years old, are in Corinth and Canton, which are about 40 and 60 miles, respectively, from Dallas. Indirect affiliates of […]
Transactions: Canadian senior living company doubles U.S. portfolio with $141.7M buy
TORONTO – A Canadian real estate investment trust (REIT) has more than doubled its portfolio of U.S. senior housing and care properties with a $141.7 million acquisition of 13 assets in three states. Toronto-based HealthLease Properties REIT (Toronto: HLP.UN) has closed on the acquisition of 10 properties in North Carolina, two in Pennsylvania and one […]
Transactions: More HRE Transactions
■ The Sanders Trust (TST) recently acquired a 40-bed inpatient rehabilitation hospital in Mishawaka, Ind. Birmingham, Ala.-based TST paid $17 million for the 46,000 square foot facility, home of the Saint Joseph Rehabilitation Institute on the Elm Road Medical Campus in Mishawaka, just outside of South Bend. The facility provides services to patients of the […]
News Release: Just Closed – St. David’s Emergency Center – Bastrop
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of St. David’s Emergency Center – Bastrop. The CBRE Healthcare Capital Markets Group is pleased to announce the sale of St. David’s Emergency Center – Bastrop, a full-service freestanding emergency department consisting of 28,500 SF in Bastrop, TX to Austin-based real […]
Thought Leaders: The $36 million mistake
Why hospitals and health systems need to be aware of real estate risks By Deeni Taylor, Executive Vice President, Duke Realty, and John D. Claybrook, Partner, Waller Lansden Dortch & Davis LLP Deeni Taylor John Claybrook Did you know that medical centers in Libertyville, Ill., and Detroit recently paid $36 million and $30 million in […]
News Release: MedProperties Holdings launches second investment fund
$150 million fund will enable private equity firm to build upon and expand successful strategy employed with first fund DALLAS, April 17, 2013 – After successfully deploying the capital from its first $50 million discretionary investment fund into 12 investments in 19 healthcare facilities, Dallas-based real estate private equity firm MedProperties Holdings LLC has launched […]
News Release: Brooks Barton joins American Healthcare Investors as vice president of seniors housing
NEWPORT BEACH, Calif. (April 15, 2013) – American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, announced today that Brooks Barton has joined the company as vice president of seniors housing.“Brooks is an accomplished healthcare professional with extensive experience in the specialized field of senior […]
News Release: Plaza Companies creates powerhouse brokerage team to serve as “center of gravity” in medical office real estate
Megan Sherwood and Perry Gabuzzi of Transwestern and Michael Morton and Aaron Kuhl of MOB Joining Formidable Leasing Team In one of the most significant developments in the Arizona medical office marketplace in recent memory, Plaza Companies has announced expanding its team with some of the Valley’s most recognized and successful medical office brokers to […]
News Release: Hammes Company again tops list of healthcare developers
National firm ranks No. 1 on annual list with more than $1.1 billion in completed projects in 2012, earning the top spot for the 13th time in the past 14 years BROOKFIELD, Wis., April 15, 2013 – Hammes Company has once again topped the annual list of America’s leading healthcare facility developers. Hammes Company completed projects totaling […]
Cover Story: Creative MOB leasing
Landlords are filling space with everything from telemedicine to optical shops By Murray W. Wolf The consolidation of the healthcare industry has many medical office building (MOB) owners concerned – perhaps rightfully so. Mergers and acquisitions (M&As) among hospitals and health systems, as well as acquisitions of physician groups, are having an impact on real estate […]
Editor’s Letter: Postcard from San Fran
BOMA’s MOB conference has become the standard Dear Reader: As you read this edition of Healthcare Real Estate Insights™, the chances are good that you’re doing so in San Francisco while attending the 2013 BOMA International Medical Office Buildings & Healthcare Facilities Conference. If that’s not the case, wish you were here. The fact is, […]
News Release: Johnson Development starts medical office building on campus of St. Vincent’s Medical Center Clay County
JACKSONVILLE, Fla. (April 12, 2013) – Johnson Development has begun construction of a 60,000-square-foot medical office building next to the new hospital, part of a new medical complex that will serve one of Florida’s fastest-growing counties.The medical office building, expected to be complete in October, will include facilities for cardiology, wound care, orthopedics, rehabilitation, neurology, […]
News Release: Caddis Partners welcomes Jud Jacobs as senior vice president
DALLAS (April 10, 2013) – Dallas-based healthcare real estate development and investment firm Caddis Partners proudly announced this week the addition of Jud Jacobs as Senior Vice President. Jacobs will lead the development group and focus on establishing new and managing current relationships with hospitals, physician groups and healthcare systems across the U.S. Prior to […]
News Release: New $18 million medical office building breaks ground in Oak Lawn, Ill.
Chicago, April 9, 2013 – Excavators were on-site last week to begin development of a new $18 million Class A regional medical office building on 95th Street in Oak Lawn, Illinois, adjacent to Advocate Christ Medical Center. Bluestone Healthcare Partners, LLC, the developer of the project, expects occupancy in November 2013. The two-story, 37,658-square-foot outpatient […]