Healthcare Real Estate

The company had reported the sale of the 38 properties was valued at an aggregate purchase price of $385.0 million. The amended portfolio sale of 28 properties is now valued at approximately $282.5 million.

KeyBank provided $70 million in combined construction and permanent loan financing to AVS Communities for the Reserve at Lacey, an affordable senior housing property serving those 55 or older.

Douglas Wilson unveils a new brand of senior living, rich in amenities and with a focus on wellness, to serve today's active senior demographic.

"After running a competitive bid process, we were able to procure an out-of-state fund buyer that was drawn to this portfolio for two reasons: the strong growth of the tenant, and the alignment with its social-impact investment strategy."

"Selling points include the portfolio's alignment with major health systems, durable income and locations in strong metro markets."

Last year, the medical office market in Phoenix recorded record absorption and 4.8% rent growth.

The new patient care building will total approximately 1.035 million square feet of space. The building, which will be approximately 200 feet high, will also include six stories of underground parking (1,100 spaces) and two Centers of Excellence—a cancer center and heart center.

In his statement, County Executive Latimer described the planned meeting with Con Edison as more of a fact-finding session to learn the reasons behind the imposition of the natural gas connection moratorium.