News Release: CBRE awarded Far North Central San Antonio medical office leasing assignment
SAN ANTONIO, Texas – April 8, 2013 – CBRE has been exclusively selected as the leasing agent for Stone Oak Physicians Plaza in San Antonio, which totals 68,072 square feet. Stone Oak Physicians Plaza I & II is located at 19016 Stone Oak Parkway and 540 Oak Centre Drive. The property was built in 1998 […]
Industry Pulse: Provider hit with $25.5 million fine for self-disclosed Stark violations
An announcement last week by the U.S. Department of Justice is sure to provide fresh ammo to healthcare real estate professionals who contend that one of the benefits of third-party real estate ownership is that it is a good way to avoid Stark Statute violations.
News Release: Acadia Healthcare to acquire two acute inpatient psychiatric facilities in Puerto Rico and Florida for $91.8 million
April 05, 2013 06:50 AM EDT FRANKLIN, Tenn. — (BUSINESS WIRE) — Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it has signed a definitive purchase agreement with Ten Broeck Tampa, Inc. and Capestrano Investment Company, Inc. to purchase two acute inpatient psychiatric facilities. Acadia will acquire the San Juan Capestrano Hospital in San […]
News Release: Griffin-American Healthcare REIT Acquires Buildings in Colorado, Georgia, Indiana and Michigan
Acquisitions in Colo., Ga., Ind. and Mich. increases portfolio to $1.42 billion NEWPORT BEACH, Calif., April 3, 2013 (GLOBE NEWSWIRE) — American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of five medical office buildings by the REIT for an aggregate purchase price of approximately […]
News Release: MedProperties acquires Atrium Medical Center MOB
The 103,000 square foot medical office building is connected to the Atrium Medical Center in Middletown, Ohio, and offers convenient access and ease of use by patients and physicians MIDDLETOWN, Ohio, and DALLAS, April 3, 2013 – A new partnership of MedProperties Holdings LLC of Dallas, Texas and Equity Inc. of Columbus, Ohio, now owns […]
Archives: March 2013
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Industry Pulse: SANFORD HEALTH: COMING TO A MARKET NEAR YOU?
Haven’t heard of Sanford Health? You will. The fast-growing healthcare system wants to expand beyond its rural roots to urban areas. From one hospital in Sioux Falls, S.D., in 2004, Sanford has grown to become the nation’s largest rural, not-for-profit provider, with locations in 126 communities in eight states. Fueled by credit card mogul T. […]
Industry Pulse: Lines blur between inpatient, outpatient
As outpatient facilities become such a major focus of the country’s healthcare delivery model, perhaps it will become more and more difficult to distinguish between inpatient hospitals and certain outpatient facilities, such as surgery centers. In a growing area southeast of Jacksonville, Fla., St. Vincent’s HealthCare is planning to open a new hospital in October […]
Industry Pulse: Survey details largest senior living operators
Holiday Retirement Corp., Emeritus Corp. (NYSE: ESC) and Merrill Gardens LLC top a new survey of the nation’s largest senior living providers. Many of the healthcare real estate investment trusts (REITs) and other investors that own medical office buildings (MOBs) also own senior living facilities. That means many senior living firms are tenants or prospective […]
Publisher’s Letter: Visit HREInsights.com
HREI™ unveils redesigned, vastly expanded website Dear Reader: It’s been an extremely busy several months here at Healthcare Real Estate Insights™. In January, we celebrated 10 years of publishing with the unveiling of the “new and improved” HREI™ monthly magazine. Next, we wrapped up several months of work with the publication of our sixth annual […]
Industry Pulse: $2 billion project being reviewed in San Francisco
California Pacific Medical Center’s titanic building program looks to be back on course after the health system and its parent company, Sacramento, Calif.-based Sutter Health, reached a compromise with the San Francisco Board of Supervisors. After months of contentious negotiations, the compromise calls for CPMC to move forward with a scaled-down version – at 274 […]
Thoughts Leaders: Healthcare still a real estate star
By Donna Jarmusz, Senior Vice President, Alter+Care No question – 2012 was the year of healthcare. In one of the most significant rulings in recent memory (perhaps since the awarding of the Presidency to George W. Bush in 2000), the Supreme Court upheld President Obama’s health care law in a nuanced interpretation of Federal versus […]
Capital Markets: Are we at an inflection point?
A big increase in deals isn’t expected, but volumes tend to spike at such times A shift in the focus of the capital markets is beginning to occur, with an increasing level of discussion about the risks of rising interest rates. While most people do not expect a sharp increase in rates, two key drivers […]
Hot Property: An opportunity grows in Brooklyn
Name: One Hanson Place Number of Medical Suites: 9 Location: 1 Hanson Place, Brooklyn, N.Y. Size: 12,396 square feet (nine suites) Asking Price: $7.975 million Price Per Square Foot: $643.35 Cap Rate: 8.01% Occupancy: 100% Avg. remaining lease term: 5 years Building Completed: 1927 Seller: Noyack Medical Partners LLC Tenants: Dentists, oral surgeons, urologist, pediatrics […]
Transactions: HTA acquires another MOB in Dallas
This time, REIT pays $48.7M for facility on campus of physician-owned hospital By John B. Mugford In recent months, officials with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) expressed how pleased they were to acquire a medical office building (MOB) on the campus of the physician-owned Forest Park Medical Center in Dallas. The […]