The InterFace HRE Carolinas panel discussion included (from left to right): moderator Austin Tyler of Dewey Property Advisors, Scott Bacon of Compass Surgical Partners, Steven Garrett of Atrium Health, Bruce Marshman of Charlotte Eye Ear Nose & Throat Associates and Dan Mendez of Prisma Health.
Photo courtesy of InterFace Conference Group

Feature Story: Providers’ latest challenge: How to meet rising demand

InterFace HRE Carolinas panelists discuss how their organizations are coping By John B. Mugford The outlook has improved for many healthcare providers recently as they have put the monumental impacts of the COVID-19 pandemic behind them and the shock of soaring interest rates and higher costs has waned a bit. But now they face a […]

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The InterFace HRE Carolinas panel discussion included (from left to right): moderator Anthony Sardo of Jones Lang LaSalle Inc., Philip J. “PJ” Camp of Fifth Third Securities Inc., Gerald Quattlebaum of Flagship Healthcare Properties, Matt Poulos of Capital One, Robert Rumer of Anchor Health Properties and Charles Hornberger of Evergreen Medical Properties.
Photo courtesy of InterFace Conference Group

Feature Story: MOB buyers are ready to buy, but…

InterFace HRE Carolinas panelists agree that sales will likely remain slow for a while By John B. Mugford “Volume is down, right? That’s why we’re here. We’re trying to figure out when (the medical outpatient building sales) volume is going to pick up again.” That’s how moderator Anthony Sardo, a director in the Capital Markets […]

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Transactions: Remedy/Kayne JV buys 16 N.C. MOBs from Novant

Price not disclosed for the 737,347 s.f. first tranche of a 21-MOB deal By John B. Mugford In the current environment of rising costs and tighter operating spreads for health systems, perhaps  growing number of such organizations are ready to start monetizing certain non-core real estate assets to raise capital. For years, healthcare real estate […]

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The “Direct from the C-Suite” panel discussion during the 2024 BOMA Medical Real Estate Conference included (from left to right): moderator Kerrie Bartel-Christensen of CommonSpirit, Andrew Haslem of Providence Health System, Scott Brinker of Healthpeak Properties Inc., Mike Conn of Meridian and Travis Messina of CommonSpirit Health.
HREI™ photo

Feature Story: What about the boilers?

Capital-constrained systems face competing priorities, BOMA panel says By John B. Mugford Sure, health systems throughout the country still want to build the brightest, shiniest, trophy facilities that not only attract patients but provide them with great experiences and keep them coming back. But then again, there are boilers that need to be repaired or […]

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Mike Noto

People and Companies: Mike Noto, mentor and friend to many in HRE, dies at 74

The former attorney joined Rendina in the late 1990s, staying in the sector until retiring in 2023 By John B. Mugford It is with great sadness that we report the death of Michael A. “Mike” Noto, a well-known, longtime healthcare real estate (HRE) executive and a good friend to so many in the sector, including […]

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Cover Story: Management takes center stage

Cover Story: Management takes center stage

Operations and leasing are in the spotlight amid a slowdown in deals and development By John B. Mugford For a few brief weeks at the tail end of 2023 and the start of 2024, when it appeared that the U.S. Federal Reserve was planning to reduce interest rates, the hopeful battle cry of the healthcare […]

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In April 2023, HREI™ reported that the looming foreclosure of an 88-asset MOB portfolio “and could very well end up being the year’s largest transaction.” In a year of depressed sales volume, that prediction turned out to be correct, as Ventas Inc. assumed ownership of the portfolio, which had been put up by Santerre Health Investors as collateral for a 2019 loan.
Photo courtesy of CoStar

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. […]

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Transactions: Remedy-Kayne JV lands the biggest deal of 2024 so far

Partners pay $251.7 million for fully leased, 37-facility portfolio sold by Broadstone By John B. Mugford As HREI has reported in recent weeks, the longstanding joint venture (JV) partnership of Remedy Medical Properties and Kayne Anderson Real Estate has acquired several medical outpatient building (MOB) assets from Broadstone Net Lease Inc. (NYSE: BNL). As we […]

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Feature Story: Q1 MOB sales fell to a 10-year low

Feature Story: Q1 MOB sales fell to a 10-year low

Construction starts are down, too, driving occupancies higher, Revista says By John B. Mugford Just how severe is the current slowdown in medical outpatient building (MOB) sales? Consider this: Four of the past five quarters, including the first quarter (Q1) of this year, were the lowest quarters for MOB sales volumes during the past eight […]

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Project Case Study: Flagship got creative for this MOB

Donating land for housing smoothed the way for the Charlotte, N.C., project By John B. Mugford It’s only natural that in the healthcare real estate (HRE) development industry – and for that matter, probably any real estate development industry – that the biggest, shiniest and perhaps most expensive “trophy” projects garner the most attention. Yet […]

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Feature Story: Time for a new type of partnership?

HRE firms, health systems should share risks and rewards, Revista panel says By John B. Mugford As he listed the numerous financial difficulties facing health systems these days – noting that the costs of running a system have increased 20 percent since 2021 while reimbursements have not nearly maintained that pace – Troy Freeman had […]

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Transactions: Evergreen buys seven Raleigh, N.C., medical assets

Highwoods Properties sold the portfolio for $62.5 million; JLL was the broker By Murray W. Wolf RALEIGH, N.C. – Highwoods Properties Inc. (NYSE: HIW) announced last Thursday, April 4, that it has sold eight Raleigh-area properties – including seven medical buildings – for a total of $79.4 million. The medical outpatient buildings (MOBs), plus one […]

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Companies & People: AHR is excited about its prospects

Companies & People: AHR is excited about its prospects

After its IPO, REIT pays down debt, will be selective about acquisitions By John B. Mugford As a result of its recent initial public offering (IPO), Irvine-based American Healthcare REIT (NYSE: AHR), which has been involved in the healthcare real estate (HRE) sector since 2009, was able to significantly reduce its floating rate debt. According […]

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Feature Story: Rising rates, costs catch up with the MOB development market

Feature Story: Rising rates, costs catch up with the MOB development market

Revista report shows project starts fell 38.8%; also lists the largest developers of 2023  By John B. Mugford Although 2022 was generally considered to be a tough year for healthcare real estate (HRE) developers – the result of rising construction costs and inflation – the amount of medical outpatient building (MOB) space started or completed […]

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Cover Story: DOC-PEAK merger combines the ‘best’ REIT balance sheets

Cover Story: DOC-PEAK merger combines the ‘best’ REIT balance sheets

Top officers Scott Brinker and John Thomas say the deal offers ‘great upside’ By John B. Mugford and Murray W. Wolf The March 1 closing of the merger between Denver-based Healthpeak Properties Inc. and Milwaukee-based Physicians Realty Trust created a healthcare and life sciences real estate investment trust (REIT) valued at nearly $21 billion. Behind […]

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News Release: 2023 HREI Insights Awards Winners announced

News Release: 2023 HREI Insights Awards Winners announced

FOR IMMEDIATE RELEASE Healthcare Real Estate Insights™ presents awards to the 2023 winners of the only comprehensive national program recognizing excellence in healthcare real estate PASADENA, Calif., Feb. 28, 2024 – Healthcare Real Estate Insights™ magazine has announced the Winners of the 2023 HREI Insights Awards™, the only national awards dedicated to recognizing excellence in […]

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News Release: Davis Healthcare Real Estate Opens Eagan Specialty Center

News Release: Davis Healthcare Real Estate Opens Eagan Specialty Center

36,100-SF Medical Development is anchored by Midwest Surgery Center MINNEAPOLIS (June 13, 2024)—Davis has announced the formal opening of Eagan Specialty Center, a 36,100-square-foot Class A surgical facility at 2975 Holiday Court in Eagan, MN. The building is the new home of Midwest Surgery Center, which occupies 27,000 square feet. “This is the culmination of […]

News Release: Sila Realty Trust, Inc. Begins Trading on the New York Stock Exchange

Enters Public Markets as a Net Lease REIT Focused Solely on High-Quality Healthcare Properties June 13, 2024 04:15 PM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (NYSE: SILA) (“Sila”, the “Company”, “we” or “us”), a net lease real estate investment trust (“REIT”) with a strategic investment focus on the significant, growing, and resilient […]

News Release: NAI Horizon sells Chandler (Ariz.) Medical Center for $7.3M via competitive bid sale process

News Release: NAI Horizon sells Chandler (Ariz.) Medical Center for $7.3M via competitive bid sale process

For Immediate Release PHOENIX, ARIZONA (June 13, 2024) – NAI Horizon facilitated the $7.3 million sale of Chandler Medical Center, a 22,591 SF multi-tenant medical office building located at 655 S. Dobson Road in Chandler, Arizona. The sale price fetched $323.14 per SF. NAI Horizon Executive Vice President Lane Neville, Senior Associate Cole Neville and […]

News Release: First Citizens Bank Provides Loan to Refinance Tacoma Senior Living Facility

NEW YORK, June 13, 2024 — First Citizens Bank today announced that its Healthcare Finance business provided a term loan to refinance GenCare Lifestyle Tacoma at Point Ruston, a 159-unit senior living facility in Tacoma, Washington. The borrower is a joint venture led by Harrison Street, one of the leading investment management firms exclusively focused […]

Life Sciences: Report explores the key role of employment

Life Sciences: Report explores the key role of employment

In general, it drives space demand, but it also affects the real estate in other ways By Murray W. Wolf As in most commercial real estate sectors, the prospects for the life sciences real estate (LSRE) space largely hinge on employment trends. In simple terms, more workers equals more space demand. But trends in the […]

News Release: Sila Realty Trust, Inc. to Commence Tender Offer for Up to $50 Million of Its Common Stock

TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (“Sila” or “the Company”), a net lease real estate investment trust (“REIT”) with a strategic investment focus on the significant, growing, and resilient healthcare sector, today announced that in conjunction with its listing on the New York Stock Exchange (“NYSE”), Sila is commencing a modified “Dutch auction” tender offer […]

News Release: IRA Capital Acquires a 253-Unit Class-A Senior Living Community in the Seattle MSA

News Release: IRA Capital Acquires a 253-Unit Class-A Senior Living Community in the Seattle MSA

IRA Capital Continues its Senior Housing Portfolio Expansion with the Acquisition of Quail Park of Lynnwood Irvine, CA – June 12th, 2024 – IRA Capital (“IRA”), a leading private equity firm based in Irvine, California, is pleased to announce its recent acquisition of Quail Park of Lynnwood (“Quail Park”), a 253-unit, Class-A, senior housing property […]

News Release: Groundbreaking ceremony marks a major milestone in next phase of St. Luke’s Boise campus development

News Release: Groundbreaking ceremony marks a major milestone in next phase of St. Luke’s Boise campus development

St. Luke’s celebrated a significant milestone with a groundbreaking ceremony for the Boise campus development project on Tuesday, June 11, which will construct a new north hospital tower and a medical office plaza on the north side of the current hospital. As part of St. Luke’s strategic vision in support of local communities, the project […]

News Release: CBRE Hires Alan Kirby as Leader of its Healthcare Services Group in Nashville

News Release: CBRE Hires Alan Kirby as Leader of its Healthcare Services Group in Nashville

CBRE has hired Alan Kirby as Vice President and Leader of its Healthcare Services Group in Nashville. In this role, Mr. Kirby will focus on developing real estate strategies that align with CBRE’s top healthcare clients and representing landlords and tenants in the leasing of healthcare properties across the region. Mr. Kirby will partner with […]

News Release: Larken Associates Welcomes Center for Vein Restoration to Montgomery Professional Center in Skillman, N.J.

News Release: Larken Associates Welcomes Center for Vein Restoration to Montgomery Professional Center in Skillman, N.J.

Skillman, N.J. (June 10, 2024) – Larken Associates, a regional leader in real estate building, development and management, announces it has negotiated a 3,082-square-foot medical office lease with Center for Vein Restoration (CVR) at Montgomery Professional Center located at Route 518 and Vreeland Drive in Skillman, N.J. Larken Associates was represented by Victor Kelly, Executive […]

News Release: ESI Linked Buyer and Tenant in Denver Skilled Nursing Transaction

News Release: ESI Linked Buyer and Tenant in Denver Skilled Nursing Transaction

Aurora, Colorado – Evans Senior Investments (ESI) has successfully arranged the sale of Summit Rehabilitation & Care Community, a 110-bed skilled nursing community in Aurora, Colorado. The transaction was completed on behalf of an independent owner-operator. Built in 1972 with a 2018 renovation, Summit Rehabilitation & Care Community offers a modernized approach to long-term care. […]

News Release: UMMC establishes multidisciplinary teaching campus in Ridgeland's Colony Park

News Release: UMMC establishes multidisciplinary teaching campus in Ridgeland’s Colony Park

Published on Monday, June 10, 2024 By: Rachel Vanderford, rvanderford@umc.edu The University of Mississippi Medical Center is enhancing its educational infrastructure by establishing a multidisciplinary teaching campus in Ridgeland’s Colony Park. This expansion marks a significant step forward in UMMC’s commitment to fostering excellence in medical education, research and health care delivery. The development of […]

News Release: Anchor Health Properties Celebrates the Grand Opening  of a 76 bed Freestanding Specialty Hospital in White Hall, Arkansas

News Release: Anchor Health Properties Celebrates the Grand Opening of a 76 bed Freestanding Specialty Hospital in White Hall, Arkansas

(White Hall, AR) Dedicated to pursuing better healthcare through real estate solutions, Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on medical outpatient buildings and specialty healthcare facilities, recently celebrated the grand opening of the Jefferson Regional Specialty Hospital, a state of the art 76 […]

News Release: New Ground Broken on 90,000-Square-Foot Intermountain Health Facility in Southwest Las Vegas

News Release: New Ground Broken on 90,000-Square-Foot Intermountain Health Facility in Southwest Las Vegas

New Intermountain Badura Clinic will offer a wide range of healthcare services all in one place, from pediatrics and women’s health to cancer and primary care services Las Vegas, NV (PRUnderground) June 7th, 2024 — Intermountain Health broke ground today on its first-ever new construction project in Nevada, a 90,000-square-foot medical office building located in […]

News Release: FCPT Announces Acquisition of a MercyOne Outpatient Clinic Property for $3.0 Million

MILL VALLEY, Calif.–(BUSINESS WIRE)— Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a MercyOne outpatient clinic property for $3.0 million. As part of the larger Trinity Health network, […]