Healthcare real estate developer PMB think their new 445,000-square-foot Wellness Village will transform healthcare by integrating behavioral health treatment with medical care and social services. The public-private partnership project, which is expected to be complete in 2026, is part of a growing direction in healthcare CRE investment and development.
Steward Health Care is canceling its auction for its first round hospitals, which include facilities in Ohio, Pennsylvania, Arkansas and Louisiana, after failing to drum up competition for properties, according to bankruptcy documents. Steward’s Ohio and Pennsylvania hospitals failed to lure any buyers during the months-long marketing process.
Catalyst and Heitman have entered a joint venture to develop a national portfolio of healthcare properties, including both medical outpatient buildings, orthopedic centers of excellence, and inpatient rehabilitation facilities. The venture will start by funding the development of seven, ground-up or in-process developments–totaling nearly 500,000 square feet, spanning five states and encompassing blue chip tenants.
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