SABRA Healthcare REIT (NYSE: SBRA) announced in a recent filing that they purchased 4 post-acute SNFs located in Maryland at a price/bed that rivals some hospital trades.
Dr. Linneman went on to explain that as lending increases, more money will be chasing roughly the same stock of assets (properties). He argued that this will increase CRE prices during this cycle despite the fact that interest rates may be rising.
If you feel like medical office pricing is about as high as it can go, you would have a point these days. The current 2nd quarter average price per square foot is running near $330 per square foot for MOBs.
The recently announced Ventas (NYSE: VTR) acquisition of Ardent Health services caught many healthcare real estate investors by surprise...
I was so excited to hear that Dr. Sam Chandan would be presenting again at Revista's Medical Real Estate Investment Forum. I would rate Dr. Chandan’s presentation last year as the best one I heard all year -- Hands down. Dr. Chandan brings three very powerful elements to bear: his super-charged energy, an understanding of economic and market data, and the big picture thinking to bring it all together.
Coming out of the great recession, Health Care REITs have generally enjoyed a cost of capital advantage over other forms of capital. This has played out in the Revista transaction stats as REITS purchased over $5 Billion of medical office buildings in 2014.
Overall, healthcare REITs had total returns of over 33% in 2014 and had an equity market cap approaching $100 Billion by the end of the year
North Shore LIJ Health System of Great Neck, NY teamed up with Waterstone Development Group to purchase 600 Community Drive in Manhasset, NY
Ventas recently completed its $2.6 Billion and previously announced acquisition of American Realty Capital Healthcare Trust (HCT)