By admin on May 15, 2024
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 […]
Full Story »Posted in Companies & People
By admin on May 8, 2024
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 […]
Full Story »Posted in Cover Story, HREI RG
By admin on May 3, 2024
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. […]
Full Story »Posted in Feature Story
By admin on April 30, 2024
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 […]
Full Story »Posted in Transactions
By admin on April 30, 2024
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 […]
Full Story »Posted in Feature Story
By admin on April 23, 2024
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 […]
Full Story »Posted in Project Case Study
By admin on April 17, 2024
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 […]
Full Story »Posted in Feature Story
By admin on April 10, 2024
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 […]
Full Story »Posted in Transactions
By admin on April 2, 2024
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 […]
Full Story »Posted in Companies & People, REIT Report
By admin on March 26, 2024
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 […]
Full Story »Posted in Companies & People, Feature Story, Outpatient Projects
By admin on March 19, 2024
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 […]
Full Story »Posted in Companies & People, Cover Story
By admin on February 28, 2024
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 […]
Full Story »Posted in Breaking News, Companies & People, HREI Insights Awards
By eporter on May 15, 2024
NAI Hiffman recently joined representatives from Silver Cross Hospital and Premier Suburban Medical Group (PSMG) to celebrate the completion of the Orland Park Medical Pavilion, a two-story, 42,000-square-foot medical office building in Orland Park, Illinois, a southwest suburb of Chicago. Located at 17047 S. LaGrange Road, the facility is anchored by Silver Cross and PSMG, […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on May 14, 2024
Alternatve Lenders Are Largest Contributors to Non-Agency Loan Closings Dallas – May 14, 2024 – The commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing, according to the latest research from CBRE. The CBRE Lending Momentum Index, […]
Posted in Breaking News, Companies & People
By eporter on May 14, 2024
JLL arranges the sale of BSN Medical Distribution Facility in Conover, NC CAROLINAS, May 14, 2024 – JLL Capital Markets announced today that it arranged the sale of BSN Medical Distribution Facility, a 149,987 square foot, mission-critical use facility in Conover, North Carolina. JLL represented the seller, Founders Properties, LLC, and procured the buyer, Diamond Properties. […]
Posted in Breaking News, Companies & People
By eporter on May 14, 2024
NEW YORK, N.Y. – May 14, 2024 – Unispace Life Sciences, a leader in designing and building laboratories and other facilities for the world’s top life sciences companies, today announced the appointment of Daniel Maldonado as Managing Director, Americas. In this role, Maldonado will leverage his three decades of international experience in the construction industry […]
Posted in Breaking News, Companies & People, Life Sciences
By eporter on May 14, 2024
Cambridge Realty Capital Companies reports providing a $15,520,000 HUD Lean loan to refinance The Pointe at Eastgate located in Algonquin, Illinois. Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully-amortized, 35-year loan was provided for the owner, an Illinois limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program, which […]
Posted in Breaking News, Companies & People, Post-Acute & Senior Living
By eporter on May 14, 2024
ATLANTA–(BUSINESS WIRE)–Officials of CareSpace Suites, a shared workspace for medical professionals, today announced the launch of the company’s flagship property in the Vinings Jubilee mixed-use development. Scheduled to open June 1, CareSpace Suites becomes the first-of-its-kind medical co-working space in Georgia. “CareSpace is a flexible medical co-working space designed to help providers expand their private […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on May 13, 2024
IRVINE, Calif., May 13, 2024 /PRNewswire/ — American Healthcare REIT, Inc. (the “Company,” “we,” “our,” or “us”) (NYSE: AHR) announced today its first quarter 2024 results. Key Highlights: Reported GAAP net loss attributable to common stockholders of $(0.04) per basic and diluted share for the three months ended March 31, 2024. Reported Normalized Funds from Operations […]
Posted in Breaking News, Companies & People, REIT Report
By eporter on May 13, 2024
BETHLEHEM, Penn., May 13, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Patient First, a net-leased medical office property located in Bethlehem, Pennsylvania. Dean Zang and David Crotts, investment specialists in Marcus & Millichap’s Washington […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on May 10, 2024
FOR IMMEDIATE RELEASE: May 10, 2024 (Indianapolis) – Bremner Real Estate, a leading healthcare real estate developer, is thrilled to announce its collaboration with Hendricks Regional Health to provide development services for an upcoming state-of-the-art, multi-specialty medical office building in Brownsburg, IN. This transformative project marks an exciting expansion of Hendricks Regional Health’s Brownsburg hospital […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on May 9, 2024
NEW YORK — May 9, 2024 — First Citizens Bank today announced that its Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland. The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities with […]
Posted in Breaking News, Companies & People, Post-Acute & Senior Living
By eporter on May 9, 2024
Connecticut – Evans Senior Investments (ESI) has successfully arranged the sale of an 8-property skilled nursing portfolio across the Hartford Metropolitan Area of Connecticut. The transaction, executed on behalf of a REIT from the West Coast, amounted to $60,000,000, or $54,249 per bed for the real estate only. Made up of eight communities built between […]
Posted in Breaking News, Companies & People, Post-Acute & Senior Living
By eporter on May 9, 2024
DEPTFORD, N.J., May 8, 2024 /PRNewswire/ — Rendina Healthcare Real Estate is proud to announce the official opening of Inspira Health Center Deptford, a state-of-the-art outpatient health center in Deptford, NJ. This significant development is the result of a fruitful partnership with Inspira Health, a leading non-profit healthcare organization delivering outstanding care and greater access […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on May 8, 2024
Denver, Colorado – Evans Senior Investments (ESI) has successfully arranged the sale of the Novellus Cherry Creek, an assisted living community in Denver, Colorado. ESI represented Novellus Living in the transaction. Originally built in 2002, Novellus Cherry Creek comprises 66 assisted living units and operates on a 59% private pay basis. The community faced occupancy […]
Posted in Breaking News, Companies & People, Post-Acute & Senior Living
By eporter on May 8, 2024
DALLAS, TEXAS – May 8, 2024 – Berkadia announced today the addition of Senior Director Vasili Davos to Berkadia’s Medical & Life Sciences platform. Davos will be based in the Dallas, Texas office and report to SVP – Co-Head of Investment Sales and Production Operations Mike Miner. “Vasili’s expertise will complement Berkadia’s industry-leading Medical & […]
Posted in Breaking News, Companies & People, Life Sciences
By eporter on May 8, 2024
(Sarasota, FL) Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, and BGO, a leading global real estate investment management firm, recently closed on an off-market three story, 70,418 square foot best in class medical outpatient building in the dynamic Sarasota, Florida market through […]
Posted in Breaking News, Companies & People, Outpatient Projects
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