What’s Moving This Week in Medical Real Estate
- Shane Lovelady

- Jul 6, 2025
- 2 min read
Not much fanfare this week but serious moves are still unfolding. These are the under‐the‐radar shifts that could shape the next quarter.
A big one—a new $265 million hospital in Frisco, Texas is set to open in July. This full‑service facility spans 340,000 sq ft and includes emergency, inpatient, and outpatient care. It’s the largest for‑profit healthcare project in North Texas right now . For anyone tracking suburban expansion or future campus deals, Frisco is the next one to study.
Turning point in Scottsdale. Cushman & Wakefield just closed a $44.6 million sale on a 163K sq ft outpatient MOB that used to be general purpose. The new owner got it at 78% full—with oncology, cardiology, ophthalmology tenants—and they used a 1031 exchange to structure the deal (). If you’re watching conversion plays or tax‑driven portfolios, this one is worth noting.
Senior living recap? BMO Healthcare Real Estate stepped up as the sole lender on a $45 million term loan for Kisco Senior Living (). That’s capital in play—for those refinancing, buying, or repositioning assets in senior care.
Plus, keep an eye on loan appetite tightening in senior housing. As of early July, lenders are facing thinner spreads and slightly stricter terms across the board (). For anyone raising debt or shopping deals, that one matters.
Why it matters
Deals like these show a few things:
Suburban hospital campuses aren’t dead—they’re still launching big, new projects in growth markets.
Outpatient conversion plays are real and liquidity is there—if you know where to look.
Capital is still flowing into senior living—but expect tighter underwriting and more scrutiny.
📞 If you’re sizing up your next deal, questioning capex assumptions, or just want to dissect underwriting trends for this quarter, I’m around.
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