It doesn’t look as if anyone is going to dethrone Oakland, Calif.-based Kaiser Permanente as the country’s largest owner of medical real estate anytime soon.
For the sixth consecutive year, Kaiser, a health insurer and provider with 8.6 million members in nine states, sat atop the annual “2018 Top 50 Owners of Medical Real Estate” report compiled by Revista, which gathers and provides a wide variety of healthcare real estate (HRE) data, statistics and reports for its subscribing members.
Taken together, the Hospital and MOB sector is valued at $1 Trillion
There are currently about 600 medical office projects under way across the country. More than 15 percent of those projects include orthopedics. Why do so many projects include this specialty?
Revista is thrilled to announce that Andrew Haslam, Chief Asset Officer for Providence St. Joseph’s Health System and Tom Errath, Director for Harrison Street Real Estate Capital will co-chair the 2020 Revista Medical Real Estate Investment Forum.
The country’s healthcare-focused REITs have always been, and are likely to continue to be, an important investor group in the medical office building (MOB) acquisitions sector.
While MOB transaction activity might have cooled somewhat and MOB construction remains steady, deliveries of hospital projects have been on a spike. Based on projects that have either opened or are scheduled to open by the end of the year, we will be adding roughly 35 million square feet to inventory in 2019.
There’s plenty of talk in the medical office building (MOB) sales sector that even though demand remains as high as ever for the product type, the volume has been quiet so far in 2019. Second quarter (Q2) and year-to-date MOB sales statistics compiled by healthcare real estate (HRE) data firm Revista, which provides a variety of HRE data to subscribers, confirm this notion.
The hospital real estate sector has been gaining favor with investors in 2015. We have seen two high profile deals – the $1.75B
Did you know that Revista tracks medical real estate construction? Yes, it does track both Hospital and Medical Office construction across the United States. We finished the initial count of projects in early 2015 and while every state and market is different, the one thing all states have in common is that they all have medical real estate construction going on! The graph below tracks the value of hospital and medical office projects that are either under construction or approved and late in the planning process. It represents both public and private construction. Overall, according to the Revista first half 2015 construction report, there is over $86 Billon of such construction across the US. California and Texas lead the nation with $11.8 Billion and $7.7 Billion, respectively. Check out the graph below to see how your state stacks up!
CS Capital on behalf of the Alaska Permanent Fund has recently acquired two Boston area acute rehabilitation hospitals. Both the Braintree Rehabilitation Hospital...
Overall, the first 3 quarters of 2015 has seen $9.5 billion of medical real estate change hands. This is up from the first 3 quarters of 2014 when $5.3 Billion of
The new Mercy Medical Arts Building in Miami is now under Construction. The new 116,000 square foot MOB will be located on the campus of Mercy Hospital, a 1.5 million square foot hospital owned and operated by HCA.
In one week, the U.S. health care system will start using the International Classification of Diseases, 10th Revision. This is a huge moment because ICD-10 will help doctors and other health care providers better: