Catalyst Healthcare Real Estate acquires multistate healthcare real estate portfolio

Pensacola, FL – Catalyst Healthcare Real Estate (“Catalyst HRE”), a leader in healthcare real estate, has completed the acquisition of a 21-property healthcare portfolio with a total cost of approximately $150 million (the “Portfolio”). The Portfolio spans 8 states and is 95% leased, totaling 530,182 square feet.  This is Catalyst HRE’s largest portfolio acquisition to date.  

Chad Henderson, CEO of Catalyst HRE stated, “Over the past several years we have worked hard to grow relationships and expand our geographical footprint in healthcare. This acquisition will strategically allow us to further our organization’s purpose of positively impacting healthcare by creating Better Access, promoting Quality Outcomes and building Lasting Relationships. Closing on this portfolio was a big step in our company’s growth plans. We remain extremely excited about the bright future ahead of us.”

17 of the Portfolio’s 21 properties were purchased directly from the publicly traded healthcare REIT, Physicians Realty Trust (NYSE: DOC). Mr. Henderson noted that Catalyst HRE has partnered with Physicians Realty Trust on numerous occasions over various projects since 2015.

John Thomas, CEO of Physicians Realty Trust added, “We are very happy to partner, once again, with Chad Henderson and his team at Catalyst HRE.  Since the first time we met Chad and got to know his outstanding young organization, we were very impressed. We believe they have built and are building the next generation healthcare real estate development and operating platform, and expect this win-win transaction will propel them to further opportunities that will benefit both organizations for years to come. We congratulate Catalyst HRE.”

The Portfolio consists of properties in Florida, Tennessee, Georgia, Texas, Virginia, Illinois, Indiana, & North Carolina. Florida has the most significant square footage of assets at 149,824 and Tennessee has the most substantial number of buildings at six. This acquisition will grow Catalyst HRE’s current healthcare real estate footprint by four states, having them now active in a total of 12 states throughout the Southeast and Midwest United States.

The Portfolio is anchored by primary care and internal medicine practices of regional and hospital tenants, representing 33% of the total leased space. Regional and hospital orthopaedic, oncology, neurology, and surgical practices represent 40% of leased space. Women’s health and gastroenterology combine for 10% of the portfolio and the remaining space is occupied by physical therapy, imaging, behavioral health, and pain management.

“We look forward to expanding on our relationship with each of these 35 quality healthcare tenants.  It is our goal to clearly understand their clinical and business strategy and proactively assist them in the planning, creating, optimizing, and managing of their healthcare real estate needs,” said Henderson.

The properties include:

  • Plaza Medical Campus – Jacksonville, FL
  • Ewing MOB – Orlando, FL
  • Pensacola Medical Park – Pensacola, FL
  • Medical Village at Kissimmee – Kissimmee, FL
  • Medical Village at Leesburg – Leesburg, FL
  • West TN Bone and Joint – Jackson, TN
  • Emory Road Medical Plaza – Powell, TN
  • The Womans Clinic – Jackson, TN
  • Patient Partners Surgery Center – Gallatin, TN
  • HMG Kingsport – Kingsport, TN
  • HMG Colonial Heights – Kingsport, TN
  • Eagles Landing I – Conyers, GA
  • Eagles Landing II – Jackson, GA
  • Eagles Landing III – McDonough, GA
  • Eagles Landing IV – McDonough, GA
  • Carle Clinic Danville – Danville, IL
  • HMG Duffield – Duffield, VA
  • HMG Weber – Weber City, VA
  • Physicians Medical Plaza – Indianapolis, IN
  • Monroe Medical Plaza – Monroe, NC
  • KSF Orthopaedic Center – Houston, TX

Catalyst HRE engaged Healthcare Real Estate Capital, LLC (“HRE Capital”) as its advisor to assist in closing the Portfolio. “We were honored to be selected by Catalyst HRE, an emerging owner, and operator of healthcare real estate,” said Brent Farrell, Senior Vice President of HRE Capital. “During the process, we became impressed by Catalyst HRE’s culture, industry knowledge, operating platform, and relationships. We are proud to have assisted in the close of this Portfolio for Catalyst HRE and look forward to seeing their future growth.”

The portfolio was funded with senior debt financing from Jon Buehner and Erik Tellefson of Capital One.

“We are thankful for partnering with best in class subject matter experts to ensure a successful transaction,” said Henderson.

About Catalyst Healthcare Real Estate. Catalyst Healthcare Real Estate (www.catalysthre.com) is one of the nation’s fastest-growing healthcare real estate development and acquisition firms. With an exclusive focus on healthcare facilities, Catalyst HRE provides an integrated platform of services to healthcare systems, independent physician groups and networks, and specialty providers. Based in Pensacola, Florida, the firm owns, manages, and services over 2 million square feet of healthcare real estate spanning 12 states throughout the US.

About Healthcare Real Estate Capital. Healthcare Real Estate Capital (www.hrecap.com) is a national advisory firm focused solely on the healthcare real estate sector.  Their clients include many of the nation’s largest owners of healthcare real estate, including hospitals/health systems, physician practices, developers and operators.  HRE Capital’s focused model provides clients with the highest level of relevant experience combined with independent transaction analysis, structuring and execution capabilities.

About Capital One. Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $248.2 billion in deposits and $364.0 billion in total assets as of June 30, 2018. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

 

Catalyst CRE changes name

We are proud to announce that Catalyst CRE is now Catalyst HRE.

Early on, we identified ourselves primarily as a real estate firm focused on healthcare. Today, we’re driven by a focus and passion to help healthcare companies deliver patient services in convenient and innovative facilities. 

With over 2 million square feet of healthcare real estate later under our belts, our name is being changed to reflect our sole focus. Though we are a real estate development company, we are first and foremost a healthcare company.

We plan, create, optimize and maintain strategic healthcare facility networks, but those are simply the tools we use to help our clients reach their goals of patient access and quality care.

We are proud to be a part of this important industry, and we are proud to carry the title of HRE.

Mary Lee Coble PhD Joins Catalyst CRE

Catalyst CRE is pleased to announce that Mary Lee Coble, PhD has joined the healthcare real estate team as Senior Vice President of Business Development.  With more than 25 years of experience over several healthcare industry segments, Dr. Coble’s primary focus at Catalyst CRE will be advancing the Company’s geographic expansion through corporate development.

"I’ve known Mary Lee as a partner, developing solutions for hospital systems,” said Catalyst CRE Founder and CEO Chad Henderson.  “Mary Lee is an outstanding addition to our team and we are delighted to welcome her to Catalyst.  Her relationships and industry knowledge will help us cultivate new opportunities in markets with health systems that seek innovative approaches to expanding their outpatient facilities.”

Prior to joining Catalyst CRE, Dr. Coble held development roles at Adeptus Health, Health Integrated and Optum, a United Health Group company.  Most recently, she served as the Senior Vice President of Corporate Development at Adeptus Health, where she worked directly with hospital and health systems to develop strategic partnerships to increase patient access and provide the highest quality medical care to the communities served.

“The future of healthcare delivery is changing rapidly with more hospitals seeking integrated patient care through the expansion of outpatient services,” said Mary Lee Coble. “Catalyst is focused on developing the facilities solutions to meet that evolving need, and I am excited to introduce their capabilities to healthcare providers and hospital systems seeking more effective approaches to delivering patients’ services.”

Dr. Coble holds a PhD from the University of Memphis and a B.A. in Psychology from Loyola University.  Mary Lee, originally from New Orleans, lives in St. Pete Beach, Florida with her family and will be based in Tampa.

Contact Information:
Mary Lee Coble, PhD
mlcoble@catalyst.com
727-460-8801

News Release: Catalyst CRE Acquires White-Wilson Real Estate Holdings for $31.3M

Healthcare real estate development firm Catalyst CRE recently acquired the real estate holdings of northwest Florida-based White-Wilson Medical Center. 

The acquisition-leaseback deal includes 8 buildings and more than 144,000 square feet, purchased for nearly $31.3 million. The facilities will be leased back to White-Wilson, while the medical group continues to focus on patient care and expanding their footprint in the Florida panhandle.

In addition to the lease-buyback deal, Catalyst CRE will also consult with White-Wilson to plan, create, optimize and maintain (PCOM) their future growth and expansion. Though White-Wilson is already one of the largest multi-specialty physician groups on the Emerald Coast, the partnership with Catalyst CRE will allow the medical group to expand and deepen their patient services and geographic area, while still maintaining top standards of care. 

“This partnership allows White-Wilson Medical Center to fully focus on what matters most, our patients,” said White-Wilson CEO Alan Gieseman. “As we move into a new era of healthcare, we are positioned for future growth and expansion. We are committed to ensuring that our patients have access to quality, value-based care close to home, and we look forward to welcoming new physicians, new technology and new service lines to our area.”

Chad Henderson, CEO of Catalyst CRE noted that White-Wilson’s expanded presence would bring more options and access to patients.

“As a successful multi-specialty physician group on the Emerald Coast, White-Wilson has led the way in providing integrated, comprehensive care across multiple facilities and locations,” said Henderson.

“With this new partnership, White-Wilson is well-capitalized to grow into the future and continue providing quality care across northwest Florida. We look forward to bringing the entire PCOM suite of Catalyst CRE services to White-Wilson to help them plan, create, optimize and maintain their health facilities network to create better access which results in quality outcomes,” Henderson continued.

White-Wilson Medical Center first began in 1946 when Dr. Henry C. White opened the first doctor’s office in Fort Walton Beach. When his medical school classmate, Dr. Joseph C. Wilson, joined the practice a few years later, White-Wilson was officially formed. 

In the years since, White-Wilson has continued to grow and provide care for specific, defined needs within the community by building any array of advanced facilities. 

“Since we got our start in 1946, we have been a growing team of healthcare providers, committed to meeting our community’s changing needs. Our partnership with Catalyst CRE allows us to maintain our place in the heart of the communities we serve, adapt to industry changes and continue to meet the area’s healthcare needs,” said Gieseman.

“They share our physicians’ commitment to ensuring access to high-quality health care and understand what it takes to consistently improve outcomes and set the bar for patient care.”

Catalyst CRE is one of the nation’s fastest-growing healthcare real estate development firms. With a focus on healthcare facilities, Catalyst CRE provides a corporate service group platform to healthcare providers, independent physician groups and networks, and healthcare systems. Based out of Pensacola, Florida, the firm manages over 2 million square feet of healthcare real estate in 8 states across the United States.

New medical building opens in Alabama

New medical building opens in Alabama

A ribbon cutting was held earlier this month to mark the completion of the Foley (Ala.) Medical Arts building, according to a news release.

The project, developed by healthcare real estate firm Catalyst CRE, provides an additional 27,800 square feet for orthopedic, cardiac and therapeutic services.

In a news release, Catalyst CEO Chad Henderson said the new construction came as a result of the increasing patient demands of the building's two largest groups of tenants, The Orthopaedic Group and South Baldwin Regional Medical Center. The new building also houses Cardiology Associates and Encore Physical Therapy.

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Catalyst CRE strikes $16.9M deal for Central Florida facilities: 4 things to know

Catalyst CRE strikes $16.9M deal for Central Florida facilities: 4 things to know

Catalyst CRE, a healthcare real estate consulting, investment and development firm, has acquired the Robert Boissoneault Oncology Institute facilities throughout Central Florida for $16.9 million.

Here are four things to know about the transaction.

1. As part of the deal, Catalyst CRE will acquire and leaseback five medical office buildings currently operated by the institute, the firm said.

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