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 […]
Industry Pulse: On the Record
Does Health Care REIT plan to sell more medical office buildings? “We can always be proactively looking to prune our portfolio, but… I think the vast majority of the significant disposition listing has been completed.” Scott A. Estes CFO & EVP Health Care REIT Will MPT make additional MOB acquisitions this year? “Our active acquisitions […]
REIT Report: Healthcare reform has HTA thinking big
REIT is adapting its leasing strategy as medical office tenants increase in size By Murray W. Wolf As we have been hearing for the past couple of years, the Patient Protection and Affordable Care Act, commonly referred to as healthcare reform, as well as other economic factors, are driving more and more formerly independent physicians […]
REIT Report: Third time’s a charm for new Aviv REIT
After two failed IPOs, post-acute and long-term care investment firm goes public By Murray W. Wolf When Aviv REIT Inc. (NYSE: AVIV) previously attempted an initial public offering (IPO), things didn’t turn out too well. The first attempt in 2008 by the Chicago-based healthcare real estate investment firm was torpedoed by the economic downturn, and […]
REIT Report: Reaffirmation of reform: Good for REITs
Healthcare real estate investment trusts likely to benefit from implementation By Murray W. Wolf Editor’s note: This “new” department, including the Healthcare Real Estate Insights™ REIT Index™, might be familiar to longtime readers. The REIT Index was a regular feature of HREI™ until it was discontinued in 2005. But with the growing importance of publicly […]