Industry Pulse: March 2008
DETROIT – How bad are things in Detroit? Shortly before this edition of Healthcare Real Estate Insights™ went to press, Detroit’s mayor, former NBA star Dave Bing, was reportedly planning to propose that blighted parts of the city simply be abandoned and cleared – reverting to rural areas. But it also now looks as if […]
Transactions: Once again, HTA snaps up MOBs
IN JUST 30 DAYS, REIT AGREES TO FOUR ACQUISITIONS TOTALING $110 MILLION By John Mugford We realize Healthcare Trust of America Inc. (HTA) has been receiving plenty of publicity lately. However, the Scottsdale Ariz.-based, self-managed, non-traded healthcare real estate investment trust (REIT) has been making medical office building (MOB) acquisitions at a dizzying rate – […]
Industry Pulse: February 2010
CHARLOTTE, N.C. – Another firm has joined the ranks of real estate companies that are increasing their offerings in the healthcare arena. Charlotte, N.C.-based Keith Corp., which was founded in 1989, recently announced that it is expanding its services to include the development, marketing, leasing and management of healthcare facilities. A new division within the […]
Transactions: Kaiser pays $42.8M for office building
PLANNED MOB CONVERSION IS MANAGED CARE FIRM’S LATEST DEAL IN D.C. AREA By John Mugford Oakland, Calif.-based Kaiser Permanente recently acquired a 200,000 square foot office building in Gaithersburg, Md., for $42.8 million. Kaiser plans to convert it into a medical office facility. Kaiser’s plans call for offering primary care, specialty care, full-service imaging, pharmacy […]
News & Analysis: First buy for G&E REIT II
TRUST OFF AND RUNNING WITH DEAL IN MINNESOTA By John Mugford Here comes Grubb & Ellis Healthcare REIT II. The newly formed, privately held real estate investment trust (REIT) recently entered an agreement to make its first medical office building (MOB) acquisition: a 36,600 square foot, two-building facility in Sartell, Minn. The Santa Ana, Calif.-based […]
Industry Pulse: January 2010
MAPLE GROVE, Minn. – Here in Minnesota, where Healthcare Real Estate Insights™ is headquartered, there hasn’t been a new hospital built with new beds since a moratorium was enacted by the state legislature back in 1984. Well, Minnesota’s first new hospital with new beds opened in recent weeks. The $138.9 million, 225,000 square foot Maple […]
Transactions: Healthcare Trust remains acquisitive
REIT WOULD BUY THREE MOBS AND LTAC; IT ALSO CLOSES ON A FIRST MORTGAGE By John Mugford Last month, we reported that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) had entered agreements to acquire 16 medical office buildings (MOBs) in the Phoenix area as well as three other MOBs in other states. In recent […]
Capital Markets Snapshot: Unscientific prediction: 2010 rebound
IF WHAT’S HAPPENING AT HREI™ IS ANY INDICATION, NEXT YEAR WILL BE BETTER By Murray W. Wolf Although they still graciously provided the financial data below, our friends at Cain Brothers & Co. are taking a well-deserved rest from writing the Capital Markets Snapshot narrative this month. So it falls to the Healthcare Real Estate […]
News & Analysis: REIT makes $62.5M buy
VENTAS CLOSES ON THREE-BUILDING ACQUISITION By John Mugford At a couple of recent conferences and meetings focusing on healthcare real estate, Vincent M. “Vince” Cozzi, the managing director of acquisitions for Chicago-based Ventas Inc. (NYSE: VTR), made it clear that just because the company has plenty of cash on hand, it is not feeling any […]
Industry Pulse: December 2009
HOUSTON – Timeshares are often thought of as places for once-a-year getaways to sunny Mazatlan or the ski slopes of Vail. But Houston-based Memorial Hermann Hospital System has come up with a new wrinkle for the timeshare concept, and it’s designed to lure more primary care doctors to its campus in the vast Texas Medical […]
Transactions: NHP nears $300 million deal with PMB
REIT WOULD BUY INTERESTS IN 7 MOBs WITH A TOTAL OF 600,000 SQUARE FEET By John Mugford Newport Beach, Calif.-based Nationwide Health Properties Inc. (NYSE: NHP) and San Diego-based Pacific Medical Buildings (PMB) made big headlines the last time they struck a big deal in early 2008. That deal was for as much as $2 […]
Product Focus: MOB sales jumped in Q3
VOLUME NEARLY TRIPLED VS. Q2; CAP RATES ROSE By John Mugford Folks involved in the sales of medical office buildings (MOBs) were predicting, or perhaps hoping for, a strong rebound by the second half of this year. According statistics recently released by New York-based Real Capital Analytics (RCA) Inc., they got one – in some […]
News & Analysis: New name, same game
HTA AGREES TO ACQUIRE 20 MOBs FOR $155.1 MILLION By John Mugford Since moving to self-management in September and operating under its new name, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has not changed the way it goes about its business. For the last four years or so, ever since the non-traded real estate […]
Industry Pulse: November 2009
WASHINGTON – The annual election of the chairperson of the National Association of Real Estate Investment Trusts (NAREIT) is typically big news for people associated with the nation’s real estate investment trusts (REITs), of which there are more than 150 in various types of commercial real estate and mortgages. But for 2010, the naming of […]
Special Report: Permanent shift for capital markets?
NIC PANELISTS SAY THINGS WILL GET BETTER, BUT IT WILL NEVER BE THE SAME By Murray W. Wolf In this, our fourth article from the 19th Annual NIC Conference, we explore how the recent disruptions in the capital markets have changed – perhaps permanently – and how that will affect the senior living sector. This […]