In the money
By: Bendix Anderson | Yield PRO
Apartment investors are taking out more loans than ever. In 2021, they rushed to get loans to buy new apartment properties and refinance the debt on existing properties.
Investors spent more to buy apartment properties at the end of 2021 than ever before. They spent more than $80 billion in December 2021, which is roughly twice what they spent to buy apartment properties the month before, according to Real Capital Analytics (RCA) based in New York City. These sales are much more than apartment investors spent during the worst of the pandemic — often less than $10 billion a month.
Mid Atlantic Real Estate Journal – Best Of Issue
By: Mid Atlantic Real Estate Journal Editorial Team
The BEST REDEVELOPMENT – ADAPTIVE REUSE PROJECT of 2021. CHA Partners, a full-service real estate development firm, acquired the former Muhlenberg Regional Medical Center and repurposed the facility into a mixed-use project consisting of a community-based healthcare facility known as the Muhlenberg Medical Arts Complex and a 120-unit luxury residential apartment project known as The Randolph Apartments. The Muhlenberg Medical Arts Complex features an ambulatory surgical center, assisted living facility and others while The Randolph is a highly amenitized rental project and was fully leased in less than six months. This creative repurposing breathed new life into the shuttered hospital that was dormant for 10 years before CHA’s involvement.
Rethinking facilities: Colgan’s CHA Partners converts shuttered hospitals into new uses — often saving jobs in the process
By: Brett Johnson | ROI-NJ
From telemedicine’s embrace to measures taken to avoid COVID-19 cases overtaking facilities, hospitals have been reshaped by a rush of pandemic trends.
You can count on Bill Colgan, managing partner at CHA Partners, knowing something about reshaping hospitals.
These Top Factors Are Attracting Residents in Bloomfield, NJ
By: Joe Coletta | TAPinto Bloomfield
Over the last several years, Bloomfield has quickly become a residential destination that is attracting renters who are seeking accessibility, convenience and a thriving local vibe. Ripe with a bustling downtown, local favorites include Holsten’s — a homemade ice cream shop that just celebrated its 75th anniversary — and Anthony’s Cheesecake & Restaurant, Six Points Pub, and Bloomfield Steak & Seafood House — along with a wide array of restaurants and shops that are sure to catch anyone’s attention. And with a Midtown Direct train line located in downtown Bloomfield, the township is a commuter’s dream.
C-Suite Spotlight: CHA Partners Managing Partner Bill Colgan
By: Catie Dixon | Bisnow
Bill Colgan is managing partner of CHA Partners, a mixed-use developer particularly known for its work acquiring and repurposing acute care hospitals in New Jersey and bringing various forms of healthcare real estate to underserved communities. The firm also launched LIVIA, a new senior housing brand, in September, and does other residential and commercial development.
Healthcare Influencers
By: Erika Morphy | GlobeSt.
Here are our picks for this year’s healthcare influencers.
The last twelve months have proven to be a roller coaster ride for the healthcare real estate industry sector. Like office, medical office buildings lost tenants as physicians closed operations and reduced their space. Unlike office, this niche then rebounded admirably not long after the pandemic began. It quickly became clear that medical office buildings were a solid investment that would withstand the vagrancies of the pandemic. Kudos must go to the men and women who navigated this minefield. On the following pages you will read about these experts we have selected based on a range of criteria, most fundamentally the impact they have made in their industry in the last twelve months.
Look Who’s Investing In Healthcare
By: Erik Sherman | GlobeSt.
Commercial real estate has been in a whirlwind. Industrial properties are incredibly hot—and expensive with subterranean cap rates. Multifamily is nearly as in demand, but many keep wondering if the end of federal Covid unemployment assistance combined with significant unemployment and the Delta variant could pull a rug out from under the sector. You could look at the office and wonder when companies will be fully back; retail and remember e-commerce continues to grow; self-storage and ask when demand could max out; or you could look for a different investment prescription
Unlocking Value Through Public-Private Partnerships: Q&A
By: Timea-Erika Papp | Multi-Housing News
CHA Partners, a real estate development company in the tri-state area that specializes in creative public-private partnerships, has a particular focus on projects that seek to leave a lasting positive impact. Wherever they do business, they aim to help municipalities generate employment opportunities and unlock property value. William T. Colgan, partner at CHA Partners, has raised and procured more than $250 million of capital for the company. Multi-Housing News asked Colgan to reveal the intricacies of public-private partnerships.
The Royal at Bloomfield Station Breaks Ground
By: Joe Coletta | TapInto Bloomfield
Bloomfield, N.J. – CHA Partners, a full-service real estate development firm specializing in public-private partnerships, announced today that it broke ground on The Royal at Bloomfield Station, a new, 372,000 square foot ground-up, mixed-use redevelopment project. The Royal is a key component of the Bloomfield Center Master Redevelopment Plan, a multi-phase plan to transform Bloomfield’s downtown core into a booming town center. This new mixed-use building will consist of 210 residential rental apartments, 14 two-story brownstone units for purchase, approximately 7,000 square-feet of prime restaurant/retail space, and an approximate 304-car municipally-owned parking garage.
Mixed-Use Project In Bloomfield Will Have 210 Rental Apartments
By: Eric Kiefer | New Jersey Patch
BLOOMFIELD, NJ — Developers recently broke ground on a 372,000 square foot, mixed-use project in Bloomfield: The Royal at Bloomfield Station. According to CHA Partners, “The Royal” will have 210 residential rental apartments, 14 two-story brownstone units for purchase, about 7,000 square-feet of restaurant/retail space, and a municipally-owned parking garage with space for 304 cars. The project is a “key component” of the Bloomfield Center Master Redevelopment Plan, a multi-phase plan to transform Bloomfield’s downtown core into a booming town center, the firm said.