- Investment firm Black Salmon is partnering with Allen Morris Company on a $1B mixed-use development in the Miami Health District. The 7-acre project is expected to include 500,000 sf of medical office, 1,000 apartments and a 150-room hotel.
- Fitch Ratings expects the recently proposed federal nursing home staffing standards to increase costs for SNFs, but the agency believes health care REITs with SNF assets can manage these impacts well. Some nursing operators may have to reduce bed capacity, but REITs with long-term leases and diversified portfolios should remain resilient.
- Hall Render is sponsoring the Health Care Real Estate Executive Summit November 9-10, 2023, in Scottsdale, AZ. This event is for in-house real estate, finance and legal professionals employed by health providers. Limited seats remain available. Email Dusty Greer for the agenda and registration info.
- The first meetings to discuss a $3B development by Henry Ford Health, the Detroit Pistons and Michigan State University are set to begin in early October. The meetings will give community members a first glance at the planned “transformational” development that would create a new hospital and a medical research facility.
- Inspira Health announced plans for the Woodbury Health and Education District in New Jersey. The Innovation District will seek to add elements such as market-rate housing, a Center for Innovation in Community Health and senior housing to complement the health care services currently provided there.
- According to a report, the U.S. home health market was valued at over $22B in 2022 and is forecast to reach a value of $36B by 2030, with a compound annual growth rate of 6.3%.
- Pending a change of ownership application, the Yale New Haven Health System is reportedly still working to complete its acquisition of three Connecticut hospitals despite recent concerns expressed to the CT Governor by a competitor hospital’s CEO.
- AdventHealth broke ground on a $100M heart and vascular patient tower in Littleton, CO. The 97,700-sf facility will include 24 cardiac ICU beds and 10 operating rooms.
- The University of Texas MD Anderson Cancer Center broke ground on a new $688M research facility in Houston that will tie the institution to the Memorial Hermann-Texas Medical Center’s new development.
- Orlando Health plans to construct a new $160M medical office building geared toward serving children. The nonprofit health system’s foundation will fundraise for the entire cost of the six-story, 190,000-sf project.
For more information on real estate matters, please contact:
- Andrew Dick at adick@hallrender.com or (317) 977-1491;
- Joel Swider at jswider@hallrender.com or (317) 429-3638; or
- Your primary Hall Render contact.
Special thanks to Gabriel Vaughn, undergraduate intern, for his assistance in the preparation of this article.
Hall Render blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot give legal advice outside of an attorney-client relationship.
