Pinnacle's Blog & Publications
Split/Shared 2022 and 2023 Changes
Posted On: February 1, 2022Continue Reading >Split/Shared 2022 and 2023 Changes
October 2021 Real Estate Newsletter
Posted On: November 9, 2021Author: Christopher LouisContinue Reading >Healthcare Real Estate Transactions and New Construction
Easterly, Through JV, Agrees to Acquire 1.2 Million SF VA Portfolio for $635.6 Million.
Easterly Government Properties Inc. (NYSE: DEA) announced last Wednesday, October 13th, that it has formed a joint venture (JV) to acquire a 1,214,165 square foot portfolio of 10 properties 100 percent leased to the U.S. Department of Veterans Affairs (VA), for a purchase price of about $635.6 million. The acquisitions, which Easterly says will close “on a rolling basis” by the end of 2023, include three properties in Texas, two in Georgia and one each in ...
September 2021 Real Estate Newsletter
Posted On: September 30, 2021Author: Christopher LouisContinue Reading >Healthcare Real Estate Transactions and New Construction
World’s First COVID-Conscious Skyscraper and Medical Center.
An all-in-one residential, hotel, and medical skyscraper in downtown Miami was recently annuonced. Miami Worldcenter is currently the nation’s largest urban core construction project and America’s second-largest real estate development. The 55-story, $500-million, 600-foot-tall Legacy Tower at the Mammoth Miami Worldcenter is the result of a revolutionary joint venture and partnership between Adventist Health, Accor Hotels, Blue Zones, Royal Palm Companies. Who are these companies? Adventist Health is one of the nation’s largest not-for-profit, faith-based hospital and healthcare systems; Blue Zones, ...
August 2021 Real Estate Newsletter
Posted On: September 30, 2021Author: Christopher LouisContinue Reading >Healthcare Real Estate Transactions and New Construction
Texas Children’s $201 Million Expansion in Houston
Texas Children’s is planning to reconfigure the real estate at its existing 15-story tower at 6620 Main St., which is getting renamed Main Tower, as well as changing its operations across the street at 6651 Main St. Texas Children’s bought 6620 Main St. from Baylor St. Luke’s Medical Center in 2016. Baylor College of Medicine vacated two of three of its floors in 2020 and still leases one floor in the building, a Texas Children’s spokeswoman said. The first phase of the expansion ...
July 2021 Real Estate Newsletter
Posted On: September 30, 2021Author: Christopher LouisContinue Reading >Healthcare Real Estate Transactions and New Construction
$1 Billion Hospital Campus to Serve As Centerpiece of Remade Landmark Mall in Alexandria, Virginia
Foulger-Pratt to redevelop the 52 Acre tract into a walkable urban village to include medical office buildings, multifamily units, retail, commercial, and entertainment offerings. At the heart of the redevelopment project is a new $1 Billion hospital and medical campus for Inova which would replace nearby Alexandria Hospital and employ roughly 2,000 health care workers. The $2 billion proposal also calls for affordable housing, outdoor parks, a new fire station, and a transit ...
June 2021 Real Estate Newsletter
Posted On: September 30, 2021Author: Christopher LouisContinue Reading >Healthcare Real Estate Transactions and New Construction
Medical Properties Trust To Buy 18 Springstone Hospital Facilities for $760 Million
Medical Properties Trust has agreed to acquire 18 Springstone inpatient behavioral health hospitals in a $760 million sale-leaseback deal. The transaction also involves acquiring an interest in Springstone’s operations for $190 million. The seller of the properties is San Francisco-based private equity firm Welsh, Carson, Anderson & Stowe. Louisville, Kentucky-based Springstone provides behavioral health services in its purpose-built, inpatient facilities in nine states, with five in Texas, four in Ohio, two in Arizona and Indiana, and ...
May 2021 Real Estate Newsletter
Posted On: September 29, 2021Author: Christopher LouisHealthcare Real Estate Transactions and New Construction
Welltower Announces Completion of Two Generation Medical Office Buildings Leased to Atrium Health.
The two (2) recently developed medical buildings in Charlotte, NC total over 280,000 square feet. The properties were completed in March 2021 and leased to Atrium Health under a 15-year lease. Pappas Properties, LLC is a Charlotte-based developer and strategic partner with Welltower on the planned 9-acre healthcare anchored, mixed-use campus.
BMO Harris Healthcare Real Estate Finance provides a $28.6 Million Credit for Kanye Anderson Real Estate and Remedy Medical Properties.
The portfolio consists of 4 facilities in New Mexico ...
Put Your Best Foot Forward When Determining Whether Foot Care is Covered
Posted On: September 8, 2021Put Your Best Foot Forward When Determining Whether Foot Care is CoveredContinue Reading >Catheterization Coding Basics – Untangling Interventional Radiology Rules
Posted On: August 13, 2021Catheterization Coding Basics - Untangling Interventional Radiology RulesContinue Reading >