REIT Report: HTA says aloha to 2014 in style
Public healthcare REIT makes first purchases in Hawaii, invested $440M last year By John B. Mugford Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) recently made its first purchases in the Aloha State, acquiring two medical office buildings (MOBs) in separate transactions on the island of Oahu for a total of $47.3 million. The […]
REIT Report: Omega REIT to grow to $10 billion
Publicly traded healthcare trust has agreed to acquire Aviv REIT for $3 billion By Dan Larson rowing demand for senior housing facilities is resulting in billion-dollar deals for real estate companies involved in the space. As an example, NorthStar Realty Finance Corp. and Ventas Inc. gained attention over the summer with multi-billion dollar acquisitions of […]
REIT Report: ARC REITs unfazed by sponsor errors
Exec says healthcare funds were cleared in investigation into accounting mistakes By John B. Mugford Fallout from a potential accounting fraud scandal can be quite damaging and far-reaching for any large company, but what about the independent, somewhat related entities that share the umbrella firm’s name? Time will only tell whether a self-admitted, $23 million […]
REIT Report: Physicians Realty Trust closes on acquisitions of seven assets totaling $114M
MILWAUKEE – Physicians Realty Trust (NYSE: DOC) announced Oct. 1 that it has closed on previously announced acquisitions consisting of seven different properties totaling about $114.1 million of investments. Together, these acquisitions will average a first year unlevered cash yield of approximately 7.4 percent. The assets that were acquired include:
REIT Report: Carter Validus keeps on buying
Non-traded REIT continues to rack up healthcare real estate purchases in Q3 By John B. Mugford These are busy times for the healthcare real estate (HRE) investment arms of Atlanta-based Carter, the long-time commercial real estate investor, developer and advisory firm. So busy, in fact, that the firm recently launched its second unlisted real estate […]
REIT Report: NorthStar surges into MOB arena
Pending $4B acquisition of G-A REIT II is one of the largest HRE deals in years By Dan Larson Currently, medical office buildings (MOBs) comprise about 0.2 percent of the healthcare portfolio owned by New York-based NorthStar Realty Finance Corp. (NYSE: NRF). By the end of this year, however, that number should multiply significantly, to […]
REIT Report: New REIT looks to grow, diversify
Spin-off firm CareTrust has its eye on new tenants and regions, perhaps MOBs By John B. Mugford The healthcare real estate sector’s newest REIT is really not all that new, at least when it comes to being involved in senior housing facilities. However, even those involved in medical office buildings (MOBs) might want to become […]
REIT Report: Healthcare REITs outperforming S&P
The sector has delivered a total return of 18.7% compared with 5% for the 500 By Murray W. Wolf Last year was poor one for healthcare real estate investment trusts (REITs) as total returns declined 7 percent while the S&P 500 Total Returns Index soared 32 percent. Ouch.
REIT Report: Griffin-American launches new REIT
Unlisted Griffin-American Healthcare REIT III has agreed to first acquisitions By John B. Mugford With all of the speculation surrounding what would eventually happen to unlisted Irvine, Calif.-based Griffin-American Healthcare REIT II – would it go public or be acquired by a publicly listed company? – not much attention has been paid to the launching […]
REIT Report: Some speculate about HCP merger
Analysts point to a dearth of deal making, the CEO’s firing and a ‘cheap’ stock By Murray W. Wolf Should HCP Inc. (NYSE: HCP) merge with one of the other Big Three healthcare real estate investment trusts (REITs), Ventas Inc. (VTR) or Healthcare Care REIT Inc. (NYSE: HCN)? A growing number of securities analysts seem […]
REIT Report: Health Care REIT’s Chapman retires
Longtime CEO who led significant growth is succeeded by board member By John B. Mugford While Health Care REIT Inc. (NYSE: HCN) has been a big owner of real estate for four decades, it has bulked up its portfolio in the past five years like never before. Steering the way has been CEO George L. […]
REIT Report: Healthcare REITs off to a good start
HREI Index increased 7.6% in January, but all shares are still below their highs By Murray W. Wolf The new year got off to a great start for the healthcare real estate investment trusts (REITs) that comprise the Healthcare Real Estate Insights™ REIT Index. Share prices increased 7.6 percent in January, on a weighted average […]
REIT Report: Sudden CEO change raises eyebrows
‘Management style’ blamed for Jay Flaherty’s abrupt departure from HCP Inc. By Murray W. Wolf In an Oct. 3 news release, healthcare real estate investment trust (REIT) HCP Inc. (NYSE: HCP) announced that longtime chairman, president and CEO James F. “Jay” Flaherty III had been terminated. Lauralee Martin, a top executive with Jones Lang LaSalle […]
REIT Report: Pay attention to a REIT’s payor mix
A differing blend of MOBs, post-acute and senior living assets affects valuations By Murray W. Wolf With the aging of the U.S. population, many investors have jumped on the healthcare real estate investment trust (REIT) bandwagon during the past decade, and more have piled on since the passage of the Patient Protection and Affordable care […]
REIT Report: Physicians Realty Trust holds IPO
Healthcare REIT goes public with nearly $120 million and a 19-asset portfolio By Murray W. Wolf Add another name to the growing list of healthcare real estate investment trusts (REITs): Physicians Realty Trust. The Milwaukee-based REIT begn trading on the New York Stock Exchange July 19 under the stock symbol DOC. Five days later, Physicians […]