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Embattled CEO of Steward Health Care to Step Down

Embattled CEO of Steward Health Care to Step Down

by Phil Hall | Sep 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The financially frayed Steward Health Care announced that Ralph de la Torre will step down as CEO and chairman on Oct. 1. Reuters reported that a spokesperson for de la Torre confirmed that he “has amicably separated from Steward on mutually agreeable...
Medical Properties Trust Regains Control of Its Real Estate from Steward Health Care

Medical Properties Trust Regains Control of Its Real Estate from Steward Health Care

by Phil Hall | Sep 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Medical Properties Trust Inc. (NYSE: MPW) announced a settlement agreement with the bankrupt Steward Health Care System, along with its secured lenders (“the Lenders”) and the Unsecured Creditors Committee, that will cut its relationship with Steward and restore the...
Kingsbarn Realty Capital Acquires Pennsylvania Medical Clinic

Kingsbarn Realty Capital Acquires Pennsylvania Medical Clinic

by Phil Hall | Sep 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Las Vegas-headquartered Kingsbarn Realty Capital has acquired a new single-tenant, net-lease medical clinic in Macungie, Pennsylvania. The property, known as Health Center at Macungie by LVHN (Lehigh Valley Health Network), was constructed in 2023 and features a...
Scioto Properties Acquires 277-Property Portfolio for $80 Million

Scioto Properties Acquires 277-Property Portfolio for $80 Million

by Phil Hall | Sep 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Scioto Properties, a Columbus, Ohio-based real estate investment company focused on providing long-term residential financing services in the healthcare industry, has paid $80 million to acquire a portfolio of 277 properties across 17 states. The acquisition is the...
Start-Up to Offer Healthcare Real Estate Investments to Individual Investors

Start-Up to Offer Healthcare Real Estate Investments to Individual Investors

by Phil Hall | May 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Orange County, California-based Healthcare Property Advisors has rolled out HPA Exchange LLC, a new real estate investment sponsor designed to connect accredited investors with private placement opportunities anchored by medical properties. The new firm will initially...
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