Once in a while, we wish to take a break from reporting the headlines and let you know what our actual property attorneys, paralegals and consultants are engaged on throughout the nation.
- Senior Housing Initiatives – We will’t say sufficient in regards to the excessive degree of senior housing exercise proper now. The general public Actual Property Funding Trusts (“REITs”) are shopping for every part in sight, or so it appears. We’re working with a number of regional senior housing builders and operators on the disposition of senior housing communities to public REITs. We’re additionally working with one operator to determine ancillary well being care providers to be offered inside their senior housing communities.
- Medical Outpatient Constructing (“MOB”) Initiatives – Hospital methods proceed to sponsor new build-to-suit MOB tasks throughout the nation. We’re engaged on a number of proper now. The tasks are usually owner-occupied and both funded solely by the hospital or via nonprofit actual property foundations. We’re aiding with no less than three tasks situated on new outpatient campuses being established by hospitals. One other MOB undertaking is inside a retail setting.
- Specialty Hospital Initiatives – Construct-to-suit inpatient rehabilitation hospital tasks are nonetheless making headlines. We’re working with one operator on a lot of new tasks. We’re additionally working with purchasers to reposition a behavioral hospital and a number of other long-term acute care hospitals.
- Land Initiatives – Hospital methods proceed to go massive on land offers for brand spanking new hospital campuses. We’re working with a number of hospital methods on giant land transactions in rising markets. These tasks are extremely fascinating and sometimes contain distinctive land use and infrastructure parts.
- M&A Initiatives –We’re supporting purchasers in M&A transactions involving hospital system acquisitions and affiliations. Our actual property workforce is negotiating transaction paperwork and conducting actual property due diligence. In a single matter, we’re advising a well being system on the true property elements of an affiliation with a county-owned facility, together with a floor lease, asset buy closing, title and shutting coordination and environmental points. One other matter entails a multi-parcel legacy campus with layered possession, decades-old floor leases and a number of assignments, amendments and unrecorded lease pursuits.
- Property Tax Exemption Initiatives – We’re additionally serving to nonprofit well being care purchasers in a number of states navigate property tax exemption points tied to new improvement tasks. A number of latest tasks concerned nonprofit purchasers who had been in a position to get hold of exemption from property taxes on newly constructed MOB enhancements sitting on ground-leased land. Though state legal guidelines differ, if we’re in a position to assist the native municipalities perceive the nuances of the leasehold pursuits and improvement financing of those transactions, they will get behind the charitable nature of those preparations and the clear public good that’s offered to the hospital and the group.
- Portfolio Leasing Initiatives – An increasing number of well being methods have been counting on our workforce to assist them navigate the excessive quantity and excessive regulatory sensitivity surrounding their leasing portfolios. We now have a wonderful workforce with capability to assist the true property, authorized and compliance capabilities of our hospital purchasers on this space.
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