Special Report: Senior living prices ready to rebound?
ASSET VALUATIONS HAVE SLIPPED SINCE ‘07, BUT NIC PANEL SEES IMPROVEMENT By Murray W. Wolf In this, our third article from the NIC conference, we explore trends in valuations for senior living real estate. The market for senior living facilities peaked in 2006-07. Both the total dollar volume and number of transactions achieved new highs […]
Special Report: Senior housing sector shows optimism
DEVELOPMENT AND OCCUPANCY RATES HAVE DIPPED, BUT NIC CROWD SEES HOPE By Murray W. Wolf Like medical office, senior living has weathered the recession better than most commercial real estate sectors. But the similarities don’t stop there. Both are healthcare-related businesses that face risks from possible reimbursement rate reductions and continue to struggle to do […]
Transactions: Health Care REIT Inc. sells MOB park
ATLANTA-BASED ROBERTS COMMERCIAL PICKS UP EIGHT ASSETS FOR $7.7 MILLION Staff Reports Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) in recent weeks sold the eight-building Johns Creek Medical Office Park in Johns Creek, Ga., for $7.7 million, or about $106 per square foot. The buyer was Atlanta-based Roberts Commercial Real Estate Services. The medical […]
Company Profile: FHA 242 debt in demand
INNOVATIVE CAPITAL GETTING HOSPITAL DEALS DONE By John Mugford At the start of this decade, as Alan P. Richman was delving into the idea of starting a company that would, among other services, secure Federal Housing Administration (FHA) Section 242 mortgage insurance for rural community hospitals, there were certainly some obstacles to overcome. “I was […]
Industry Pulse: October 2009
ATLANTA – As the medical office building (MOB) sector has grown up in recent years – some healthcare real estate veterans say the sector was a non-sector until the early 2000s – one aspect of it continues to be elusive: comprehensive data. While there are definitely people and companies in certain cities and geographic markets […]
Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford, Editor For quite some time now, healthcare real estate professionals have been saying that the passage of some form of universal healthcare coverage would likely result in increased demand for medical office buildings (MOBs) as well as other outpatient facilities. While such professionals have […]
Industry Pulse (September 2009)
By HREI Staff CAMPBELL, Calif. – Remember the recession? OK, we know, the economy is not out of the woods just yet – not even close. But before the recession took hold, the development of upscale medical facilities with plenty of amenities were on the upswing, giving people with good insurance and deep pockets the […]
Publisher’s Letter: Bueller? Bueller? Bueller?
BEN STEIN HELPS NIC ATTENDEES FIND OMPTIMISM Dear Reader: Earlier this month, I once again had the opportunity to attend the annual conference presented by the National Investment Center for the Seniors Housing & Care Industry (NIC) in Chicago. The folks at NIC put on a first class event, as always. But one of the […]
Transactions: Tenants buy MOB near Sacramento
GROUP EXERCISES ITS RIGHT OF FIRST REFUSAL IN BUYING BUILDING FOR $20.5M By John Mugford A group of physician/tenants recently bought out the non-physician partners of a medical office building (MOB) on the campus of Sutter Roseville Medical Center, located in Roseville, Calif., a suburb of Sacramento. The acquisition price was $20.5 million for the […]
News & Analysis: Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford For quite some time now, healthcare real estate professionals have been saying that the passage of some form of universal healthcare coverage would likely result in increased demand for medical office buildings (MOBs) as well as other outpatient facilities. While such professionals have been […]
Transactions: Landmark acquires Arkansas portfolio
MILWAUKEE-BASED OWNER AND DEVELOPER GETS FOUR MOBs FOR $15 MILLION By John Mugford It was in 2004 when Milwaukee-based Landmark Healthcare Facilities, previously a third-party developer, started an entity to own medical properties. Since then, Landmark Healthcare Properties LLC has accumulated a portfolio of more than 20 assets that it has acquired and developed. As […]
News & Analysis: REIT nabs $161.6M deal
SELLER IS AA-RATED SOUTH CAROLINA SYSTEM By John Mugford Finally, a headliner of a transaction in the medical office building (MOB) market. In what should prove to be one of the biggest – if not the biggest – MOB transactions of 2009, Grubb & Ellis Healthcare REIT Inc. announced July 15 that it has agreed […]
Industry Pulse: August 2009
DALLAS – Good news for folks in Dallas. Not only are they getting delivery of a spanking new Parkland Hospital in 2014, but they’re going to pay less in taxes for it. That’s because the public health system that owns and operates the massive hospital recently received AAA credit ratings from both Fitch and Standard […]
Special Report: Equity providers tell BOMA their story
MOB CONFERENCE PANELISTS DISCUSS WHAT INVESTORS ARE LOOKING FOR NOW By John Mugford When it comes to doing healthcare real estate deals in the current market, everyone seems to utter the mantra that “cash is king.” There’s also a notion that equity funding is available for the right deals, at the right price and with […]
Transactions: Sanders Trust buys large MOB in Indy
145,000 SQUARE FOOT METHODIST PROFESSIONAL CENTER 2 IS FULLY OCCUPIED By John Mugford Birmingham, Ala.-based Sanders Trust in June acquired the 145,000 square foot, 100 percent occupied Methodist Professional Center 2 (MPC2) in Indianapolis. The five-story medical office building (MOB) is on the massive campus of the 802-bed Methodist Hospital, which is the state’s largest […]