Healthcare Real Estate

In what the firms describe as a first of its kind service, the goal is to compile actual senior housing rates and leasing activity submitted by senior living operators.

This year, JLL projects investment volumes will be approximately 5 to 10% below the 2018 total.

“Having our own GMP facility will allow us to keep important proprietary process development and associated intellectual property in-house,” says Suma Krishnan, founder and chief operating officer of Krystal.

Kelly Berfield and Ryan Dietrick of Colliers International's Allentown office facilitated both sales.

The long-term lease with RK Pharma involves the entire 215 building and its adjoining annex at the campus.

George Comfort & Sons' Duncan, who noted that the firm has holdings and development projects in New York City, Westchester and Fairfield County, CT, said that the city's suburbs should benefit from what he still considers will be a “very robust” New York City commercial market.

In the fourth quarter, the Rochester, NY-based private REIT managed by Broadstone Real Estate, LLC, purchased 43 properties for approximately $241.5 million.

Jefferson Health is the largest provider of healthcare in Philadelphia. Its recent acquisitions have included Einstein Health and Kennedy Health in South Jersey.