Navigation Links
Millions Flowing into Medical Real Estate
Date:7/30/2009

As other commercial real estate sectors suffer, savvy investors like Prudential target healthcare

Minneapolis (Vocus) – Even as other commercial real estate sectors struggle, investors continue to pour hundreds of millions of dollars into recession-resistant healthcare real estate. Recent deals have included $250 million in new debt and $30 million in new equity from Prudential Real Estate Investors (PREI), and a separate effort to create a new $40 million medical real estate investment fund. Those stories were detailed in Page 1 articles in this month’s edition of the Healthcare Real Estate Insights newsletter.

The Chicago-based healthcare real estate firm, Lillibridge, recently obtained $250 million in debt with a variety of sources, and secured $30 million in equity from PREI, which is part of Prudential Financial Inc. (NYSE: PRU). The debt was used to refinance existing medical properties, while the fresh equity – PREI’s fourth venture with Lillibridge – is earmarked for additional medical real estate acquisitions and new developments.

“We continue to acquire and develop even in these tough times and we have an equity source that believes in the management team and the assets that we’re buying and developing,” Lillibridge CFO Joe Kurzydym told HREI.

Meanwhile, Nashville, Tenn.-based developer Oman-Gibson Associates says it is looking to raise $40 million from investors, and then leverage new medical real estate developments and acquisitions in the 40 percent to 50 percent range. As a result, the fund could invest up to $80 million to $90 million in healthcare real estate.

“We believe this allows us to take advantage economic conditions that exist today,” Tom Gibson, one of the firm’s principals, told HREI. “Healthcare is still viewed as a counter-cyclical play, and the markets that we’re going after – in the $1 million to $10 million range – are still relatively easy to finance because of the size. Many of the banks and institutions are shying away from mega-deals and the smaller deals obviously pose a lot less risk for both investors and banks. We think this is an opportunity for our company and the investors in the fund to take advantage of that.”

This month’s edition of HREI also includes coverage of the recent 2009 Medical Office Buildings (MOBs) and Healthcare Facilities Conference in Philadelphia, which was presented by BOMA International.

One BOMA MOB conference report focuses on equity investment in healthcare real estate. It features a panel discussion with Jeff Piehl of Cushman & Wakefield, P.J. Camp of Shattuck Hammond Partners, Clint Hinds of Kennedy Associates, Doug Ray of Seavest Inc., Dave Boitano of Nationwide Health Properties and Brian Mutchler of Harrison Street. The article provides an inside look at one of the biggest MOB deals ever.

Another extensive BOMA MOB conference article focuses on the capital market environment for healthcare real estate. It includes a panel discussion with John Winer of Seavest, Al Pontius of Marcus & Millichap, Malcolm Sina of DASCO Cos., Jim Moloney of Cain Brothers and Jeff Cooper of Savills LLC. The article explains why debt and equity capital remains more available for healthcare real estate than most other sectors.

Additional content in this month’s edition of HREI reports on recent medical office building (MOB) sales and leasing transactions, new outpatient and inpatient developments, and more.

For a complete copy of the current edition of HREI™, or for information regarding these articles or healthcare real estate in general, qualified media professionals may contact Murray W. Wolf, Publisher and Founding Editor, at (952) 746-4405.


About Healthcare Real Estate Insights

Launched in January 2003, Healthcare Real Estate Insights has come to be recognized as the most trusted source of news and trend information in the healthcare real estate development, financing and investment industries. This monthly, national, B2B newsletter offers sophisticated players the most comprehensive coverage in the industry available anywhere. For more information, please visit us at www.hreinsights.com.

###

Read the full story at http://www.prweb.com/releases/2009/07/prweb2696754.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related biology technology :

1. Now Available: State-of-the-Art Gait Training Device to Help Millions Walk More Normally Again
2. LF Elimination Program Treats Over Half Billion People and Protects Millions More From Debilitating Disease
3. John Grisham Joins Focused Ultrasound Surgery Foundation Board, Citing Novel Technologys Potential to Help Millions of Patients
4. Buckyballs could keep water systems flowing
5. PROTOMED SA Chooses HyperWorks to Simulate Implantable Medical Devices
6. Atherotech Taps Canyons Medical Center Director, Lipidologist as Chief Medical Officer
7. RadMD First to Offer CME-Certified Education and Training For Medical Imaging in Clinical Trials
8. Zimmer Launches New Medical Education and BioSkills Training Program
9. Patton Medical Devices Partners With Unomedical to Develop and Market the i-port Advance(TM) Injection Port for People Taking Multiple Daily Injections
10. Varian Medical Systems to Showcase a Wide Spectrum of New and Updated Products That Improve Radiotherapy Treatment Processes at 2009 AAPM Meeting
11. Symphony Medical Changes Name to CardioPolymers, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Millions Flowing into Medical Real Estate
(Date:11/30/2016)... Nov. 30, 2016 /PRNewswire/ - Portage Biotech Inc. ("Portage" ... PBT.U), is excited to announce the formation of ... developing preclinical ophthalmology assets through proof of concept. ... created by Portage Pharmaceuticals Limited and being developed ... surface and anterior segment diseases. This agent has ...
(Date:11/30/2016)... 30, 2016  Tempus, a technology company focused ... Penn,s Abramson Cancer Center have partnered to better ... to immunotherapy treatment based on next generation genomic ... of a research collaboration, Tempus will provide sequencing ... patient data to Penn. Utilizing next-generation sequencing, machine ...
(Date:11/30/2016)...   Merck , a leading science and technology ... set of agreements with Evotec AG, whereby Evotec AG ... reagents such as CRISPR and shRNA libraries. Combining access ... accelerated pathway to explore and identify new drug targets. ... new targets, a process that can be time- and ...
(Date:11/30/2016)... Triangle Park, North Carolina (PRWEB) , ... November 30, 2016 , ... ... (IUPAC) approved the names and symbols for four elements: nihonium (Nh), moscovium (Mc), ... Following a 5-month period of public review, the names earlier proposed by the discoverers ...
Breaking Biology Technology:
(Date:6/22/2016)... LOS ANGELES , June 22, 2016 ... of identity management and verification solutions, has ... cutting edge software solutions for Visitor Management, ... ® provides products that add functional ... The partnership provides corporations and venues with ...
(Date:6/15/2016)... New York , June 15, 2016 /PRNewswire/ ... a new market report titled "Gesture Recognition Market by ... and Forecast, 2016 - 2024". According to the report, ... USD 11.60 billion in 2015 and is estimated ... reach USD 48.56 billion by 2024.  ...
(Date:6/2/2016)... -- The Department of Transport Management (DOTM) of ... US Dollar project, for the , Supply and ... and IT Infrastructure , to Decatur ... of Identity Management Solutions. Numerous renowned international vendors participated in ... was selected for the most compliant and innovative solution. ...
Breaking Biology News(10 mins):