Healthcare Real Estate

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Medical office absorption totaled 322,351 square feet in 2018, pushing vacancy down to 5.8%.

The deadline for Real Estate Forum's next installment of Influencers is fast approaching. Be sure to nominate the people and firms who shape the CRE finance market by April 16th.

Washington Property Co. reports the four lease deals total 14,036 square feet and leases totaling another 7,407 square feet are currently the subject of negotiations.

Jeffrey Tosello, left, and Meredith Kern, partners at PSG, will continue to run Cresa Lease Administration after the acquisition

In the aggregate, the four buildings are 87.7% leased and were acquired at an average capitalization rate of 5.3%. The properties expand Healthcare Realty's presence in three of its top markets and extend its relationships with three market leading, investment-grade health systems.

The acquired properties total 813 units including independent living, assisted living and memory care in Michigan, Pennsylvania (pictured) and Virginia.

AHN placed the final steel beam for AHN McCandless-Neighborhood Hospital, a small-footprint hospital of about 50,000 square feet.