Healthcare Real Estate

The 188-bed teaching hospital was included in a voluntary Chapter 11 bankruptcy filing in late June, along with Hahnemann University Hospital, by parent company Philadelphia Academic Health System, a subsidiary of AAHS.

JLL Income Property Trust is focusing on medical office to reduce risk, deliver stable income streams and protect stockholder value.

Cancer researcher Arie Belldegrun's Bellco Capital has joined the New York-based real estate firm to form a life science real estate company, named Breakthrough Properties.

Gov. Wolf and Mayor Kenney also called on the White House and Congress to match all state and local funding and to cover the debts accumulated by both governments to help ensure Hahnemann patients and workers are protected.

All together the REIT has entered into definitive agreements with two new operators and completed a transaction with a third new operator involving 24 hospital facilities for a total investment of approximately $1.75 billion.

Global Medical REIT purchased the medical condo building for $586 per square foot.

In looking at opportunities to grow capital markets, JLL was clear that any target would need to closely align with its culture and strategic vision, and it is confident the acquisition of HFF meets these criteria.

With healthcare demand creating added opportunities, investors are clamoring to get in on the action and late last month, HR Acquisition of San Antonio Ltd. did just that with a purchase of Magnolia Medical Tower.