Medical Office
The New Era for Seniors Housing
It has taken nearly three decades, but seniors housing has surfaced as a vibrant star in the U.S. real estate universe. The foundation has been set for a new generation of seniors housing products, which will begin to emerge in the year ahead. By Mel Gamzon.
EIFS in Practice: Implementation Case Studies
Exterior insulation and finish systems, or EIFS, has long been applied to residential properties but is now catching on as an insulation solution in the commercial sector. These case studies illustrate different applications that have produced energy cost reductions.
Ventas to Sell 64 Healthcare Assets
Ventas Inc. has announced plans to market 64 healthcare properties, which generate $77 million in annual rent and are presently leased to Kindred Healthcare Inc.
Marcus & Millichap Hired as Consultant on $1B Kelly Park Project in Florida
Marcus & Millichap Real Estate Investment Services Inc. will be playing key roles as a broker and consultant on a $1 billion, 9.2 million-square-foot development in Apopka, Fla., that is expected to include a regional mall, offices, a college campus, hospital, housing and a merchandise mart.
LaSalle Investment Management Takes Two Medical Office Buildings for $148M
Kilroy Realty Corp. has unloaded $147.5 million of property — in the form of two medical-office buildings — to LaSalle Investment Management. The two Class A buildings, which total 253,676 square feet, are located in San Diego.
Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan
Healthcare Trust of America Inc. expands its presence to 26 states with the $51.3 million acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich.
Lionheart Capital Purchases 700 KSF Miami Heart Institute
With the acquisition of the former Miami Heart Institute, Lionheart Capital L.L.C. has just gotten its hands on a prime waterfront property in Miami. The real estate investment firm acquired the 700,000-square-foot facility from Mount Sinai Medical Center.
BioMed Realty Trust Takes Cambridge Place for $119M
BioMed Realty Trust Inc.’s presence in the Boston/Cambridge life sciences market will soon surpass 3 million square feet, now that the life sciences real estate REIT has entered into an agreement to purchase the 287,000-square-foot Cambridge Place in for $119 million.
Griffin-American Snaps Up $167M in Skilled-Nursing Facilities
Griffin-American Healthcare REIT II picked up $166.5 million worth of commercial real estate from the partnership of Westport Capital Partners and Reichmann International Development in the form of 10 skilled-nursing facilities across the Southwest.
Griffin-American REIT II Makes $174M, 11-Property Pickup
Continuing in its quest for “stabilized assets that show cash flow above and beyond rent,” according to president & COO Danny Prosky, the newly minted Griffin-American Healthcare REIT II has made an 11-property pickup for $174 million.