New Healthcare Joint Venture Secures $300M Pipeline
The types of projects that will be supported include orthopedic centers, medical outpatient buildings, and inpatient rehabilitation facilities that will be developed across five undisclosed states.
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Newmark Arranges $300 Million Joint Venture With Catalyst Healthcare Real Estate And Heitman To Fund MOB And IRF Development Pipeline
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.
Florida Nursing Homes Shut As Insurance Costs Soar
Last year, Florida’s annual property insurance premiums soared 27% for the second year in a row. The higher premiums have become a new tax on an industry that already has had its margins squeezed. At the same time, the state’s population has been surging with aging Baby Boomers, who have filled its senior care facilities, from independent living to skilled nursing and everything in between.
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