Held annually, the Healthcare Real Estate Insights™ (HREI) Awards recognize fewer than 10 facilities throughout the country that exemplify excellence in the areas of healthcare real estate development. As HREI magazine prepares to announce winners of this year’s HREI Insights Awards™, Rendina Healthcare Real Estate is honored to receive two projects selected as finalists.
Rendina projects were named finalists in two categories: “Best New Development of an MOB or Outpatient Facility (between 25,000 and 49,999 square feet)” and “Best Renovated or Repurposed Healthcare Facility.”
The 2016 HREI Awards ceremony will be held on Dec. 8 at the RealShare Healthcare Real Estate Conference in Scottsdale, Ariz.
Richard M. Rendina
Chariman and CEO of Rendina
Once again we find ourselves humbled to be considered for the HREI Awards. Our relationship with RWJBarnabas Health is a commitment to providing the highest level of care to the community, ensuring that patients have access to affordable healthcare solutions and serene healing environments. We are proud to say that both of these projects check all of those boxes.
Barnabas Health Ambulatory Care Center Annex
Best New Medical Office Building & Other Outpatient Facility
Prior to the completion of the new Annex, the existing ACC was already a hallmark of outpatient care in New Jersey, performing more ambulatory surgery procedures than any other center in the state. Services include a breast cancer center, rehabilitation, an osteoporosis and metabolic bone disease center, imaging center, sports medicine institute, and the region’s only medically-based integrative medicine center – providing acupuncture, mind/body medicine, herbology and therapeutic massage.
Clara Maass Medical Center Campus
Best Renovated or Repurposed Healthcare Facility
Being considered for “Best Renovated or Repurposed Healthcare Facility” are three MOBs on the campus of Clara Maass Medical Center (CMMC) in Belleville, N.J. The three MOBs, totaling 128,006 square feet, were acquired by Rendina and immediately underwent extensive renovations. CMMC, an RWJBarnabas Health campus, looked to Rendina for a solution that would free up capital for the hospital, enhance the campus and community, and improve overall patient and physician satisfaction.
Rendina’s dedication to improving the campus has translated into measureable success. Since taking ownership of the MOBs, occupancy has increased nearly 10 percent. More importantly, many physician groups have shifted from short term commitments to long-term leases on the campus. This long-term loyalty to the campus is a true benefit to the hospital and the improved conditions on campus are the driving force behind these new physician commitments. ‘Overall Satisfaction’ has increased 7 percent across the portfolio, according to a 2015 Kingsley Survey.