News Release: Longfellow Real Estate Partners and Wates Execute Construction Contract and Begins Immediate Construction on CamLIFE in Cambridge
Longfellow is set to deliver state-of-the-art facilities and high-quality lab space in Cambridge as soon as Mid-2025 Cambridge, UK (May 8, 2024) – Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings, announced today they have signed a fixed price contract to reposition their CamLIFE campus, with the UK’s […]
News Release: Healthpeak Properties Announces Joint Venture Wind-Down
May 07, 2024 04:15 PM Eastern Daylight Time DENVER–(BUSINESS WIRE)–Healthpeak Properties, Inc. (NYSE: DOC) (“Healthpeak”) and King Street Properties (“KSP”) today announced that Healthpeak has acquired KSP’s minority interest in the joint ventures in eight lab buildings in Cambridge and Lexington, Massachusetts. Healthpeak will assume day-to-day management of the buildings following a short-term transition period. […]
News Release: Andrew Haslam to lead Providence Newberg (Ore.) Medical Center
Welcome our new chief administrative officer, Andrew Haslam. Tuesday, May 7, 2024 Our new chief administrative officer for Providence Newberg has been with Providence more than 13 years and joins Newberg from Providence’s Real Estate Strategy and Operations team. I am excited to announce that Andrew Haslam has been named chief administrative officer for Providence […]
News Release: NexCore Group and Montrose Regional Health Open New Ambulatory Care Center in Western Colorado
The 88,000 SF facility brings expanded services to the residents of Montrose and the Uncompahgre Valley. DENVER, May 7, 2024 – NexCore Group, a leading healthcare real estate development, investment, and management company, and Montrose Regional Health (“MRH”), celebrated the opening of a new Ambulatory Care Center (“ACC”) in Montrose, Colorado on April 25, 2024. […]
News Release: Healthcare Realty Trust Reports Results for the First Quarter (2024)
Healthcare Realty Trust Reports Results for the First Quarter Company Release – 05/07/2024 The Company is focused on its top priorities of capital allocation and operational momentum to accelerate FFO growth and improve dividend coverage. CAPITAL ALLOCATION MOMENTUM Announced a $383 million JV with KKR at a 6.6% cap rate with expected proceeds of $300 million […]
News Release: Medical Properties Trust Comments on Steward Health Care Restructuring
May 06, 2024 04:54 PM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today issued the following statement in response to Steward Health Care’s decision to commence an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code. MPT has approved the funding of $75 million in […]
News Release: Diversified Healthcare Trust Announces First Quarter 2024 Results
May 06, 2024 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Reports section of DHC’s website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. A conference call to discuss DHC’s first quarter 2024 financial results will be held […]
News Release: BMO Healthcare Real Estate provides $175,600,000 in acquisition financing to Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a 37-property medical office portfolio.
Chicago, May 6, 2024 – BMO’s Healthcare Real Estate group announces that it closed a $175,600,000 acquisition loan for a joint venture led by Kayne Anderson Real Estate and managed by Remedy Medical Properties. The BMO loan provided financing for the acquisition of a 37-property medical office portfolio totaling approximately 700,000 square feet across 13 […]
News Release: Healthcare Realty Trust Announces Strategic Joint Venture With KKR
May 06, 2024 06:45 ET Source: Healthcare Realty Trust Incorporated Contributes seed portfolio valued at $383 million to the JV, resulting in proceeds of approximately $300 million Additional KKR capital commitment of up to $600 million to increase the potential value of the JV to more than $1 billion NASHVILLE, Tenn., May 06, 2024 (GLOBE […]
News Release: Steward Health Care Finalizing Financing Deal With Medical Properties Trust to Support Its Restructuring
Business Wire May 06, 2024 03:39 AM Eastern Daylight Time Funds Will Allow All Communities to Continue to Be Served and Day-to-day Operations to Continue in the Ordinary Course DALLAS, May 06, 2024–(BUSINESS WIRE)–Today, Steward Health Care (“the Company”), a national fully integrated value-based healthcare system and the largest physician-led hospital operator in the United […]
News Release: Just Closed: Class A, Outpatient Medical Building on the Campus of St. Anthony North Hospital
Transaction Highlights Date Closed 4/30/24 Size 75,605 SF Occupancy 93% Orchard Park Medical Center | 14190 Orchard Pkwy.Westminster, CO CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of Orchard Park Medical Center (the “Property”), located on-campus of CommonSpirit’s St. Anthony North Hospital, located in Westminster, CO. CBRE’s Healthcare Capital Markets team partnered with […]
News Release: Cushman & Wakefield Arranges $3.45M Sale of 9642 Lake Nona Village Place
ORLANDO, Florida, May 03, 2024 – Cushman & Wakefield announced the commercial real estate services firm has arranged the $3,450,000 sale of 9642 Lake Nona Village Place, a 6,582-square-foot Class A medical office building in Orlando, Florida. Anne Spencer and Angela Flint of Cushman & Wakefield’s Florida Healthcare Advisory Practice represented the seller, a private […]
News Release: ESI Arranges the Sale of an AL/MC Community in Knoxville
Knoxville, TN– Evans Senior Investments (ESI) successfully arranged the sale of Trinity Hills of Knoxville. Acting on behalf of a regional owner-operator, ESI orchestrated the transaction, resulting in a HUD assumption by the buyer. The purchase price was $6,150,000, or $76,875 per bed. Trinity Hills, established in 2006 and situated a few miles outside of […]
Feature Story: Playing the long game
Investment sales aren’t likely to take off again anytime soon, but healthcare real estate fundamentals remain strong By John B. Mugford By now, nearly everyone involved in healthcare real estate (HRE) knows that both the sales of facilities, namely medical outpatient buildings (MOBs), and new construction have slowed significantly during the past year or more. […]
News Release: Omega Reports First Quarter 2024 Results and Recent Developments
Completed $240 Million in New Investments Year-to-Date Repaid a $400 Million Debt Maturity in April HUNT VALLEY, Md.–(BUSINESS WIRE)–Omega Healthcare Investors, Inc. (NYSE: OHI) (the “Company” or “Omega”) announced today its results for the quarter ended March 31, 2024. FIRST QUARTER 2024 AND RECENT HIGHLIGHTS Net income for the quarter of $69 million, or $0.27 […]