Medical Office
Hines, New York Retirement Fund Create $1B Office JV
Hines and the New York State Common Retirement Fund have formed a joint venture, Hines Corporate Properties II, that has been capitalized with $500 million of equity and will allow for the investment of more than $1 billion.
Grubb & Ellis Picks up Healthcare Office in Sarasota
The healthcare sector continues its slow and steady ascent, with Grubb & Ellis Healthcare REIT II acquiring the 41,000-square-foot Maxfield Medical Office building in Sarasota, Fla.
Harrison Focuses on Healthcare Facilities, Goes JV with Bickford Senior for $62M
In another sign of life for an up-and-down economy, especially in the healthcare sector, Bickford Senior Living and Harrison started a JV for six assisted-living facilities in a deal worth approximately $62 million.
Cole Nabs Six Properties in Two-Day, $119.6M Buying Spree
On Tuesday, Cole nabbed three Florida shopping centers totaling $48.5 million, followed by Wednesday’s inking of a $71.1 million deal for an office complex, industrial food-distribution space and a healthcare facility.
Harrison Street Closes Fund with $2B at Hand
Harrison Street Real Estate Capital L.L.C. has wrapped up the final closing of Harrison Street Real Estate Partners III L.P., a private equity real estate fund focusing on the education, healthcare and storage sectors of the U.S. real estate market.
Emeritus Buys Out $310M Portfolio
The firm financed the purchase of Blackstone Real Estate Advisors’ share of the assisted-living properties with $40 million in cash and an increase in mortgage debt responsibility, taking it to $220 million.
Guest Column: Healthcare Reform and Real Estate
The Patient Protection and Affordable Care Act is the most ambitious undertaking in the American medical field since Medicare’s highly controversial passage in 1965. Alter+Care senior vice president Donna Jarmusz discusses its implications for real estate.
Grubb & Ellis Healthcare REIT Grabs Medical Office Portfolio
Grubb & Ellis Healthcare REIT II Inc. added 10 medical office buildings spread out among eight properties to its portfolio with the acquisition of the Dixie-Lobo Medical Office Building Portfolio.
$3.1B Purchase Makes Ventas Largest Seniors Housing Owner
If size matters, Ventas Inc. has just catapulted to the very top.
CPE TV: Mel Gamzon’s Seniors Report
Longtime seniors housing expert Mel Gamzon offers insights into the seniors housing market as the first Baby Boomers turn 65. His seniors housing report is a quarterly feature on CPE TV and MHN TV.