Healthcare Real Estate

Switzerland-based Baloise Group, which entered into the share-capital of Infracore in December 2018, increased its participation in the firm from 20% to 35%. In the two transactions, Aevis Victoria SA sold 61% of its interest in Infracore SA and retained a 19% stake in the firm.

The new leases, include the Heart House taking 9,450 square feet, Jefferson Health securing 7,700 square feet and AdvoCare committing to 3,100 square feet, which collectively bring the property to full occupancy.

C.W. Driver Cos. breaks ground on the 88,000-square-foot facility, which will house sports medicine, physical education, athletics and kinesiology studies.

On the “here comes health care” panel at ICSC RECon 2019, moderator Larry Kilduff, development and investment sales at JLL, talked about the changing retail environment and how to place healthcare in the retail environment.

The 11-story building is scheduled to be delivered in late 2020 and will be the first senior living community in The Village at Valley Forge, a 122-acre mixed-use lifestyle village.

As baby boomers age, medical properties continue to rise in popularity, with this sale reportedly being the second largest medical office portfolio sale based on total dollar volume.