Real eState

Healing Realty Trust Strengthens Board of Directors with Appointment of Commercial Real Estate Leader Jared Chupaila – The Kingston Whig-Standard

Published

7 months ago

February 6, 2024

Jupiter, Florida–(Newsfile Corp. – February 6, 2024) – Healing Realty Trust (“HRT” or the “Company”), formerly known as Healing Commercial Real Estate Inc., a data-driven, self-managed real estate investment company focused on acquiring healthcare-related assets, announced that it has appointed commercial real estate leader Jared Chupaila to its Board of Directors (the “Board”). Jared is the sixth member of the Company’s Board, which is backed by decades of capital markets, finance, healthcare, and real estate knowledge.

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Jared Chupaila holds nearly 25 years of experience in commercial real estate executive leadership, corporate strategy, asset management, and leasing and operations. Most recently, Jared was CEO of Brookfield Properties retail real estate vertical (formerly GGP, Inc.), where he oversaw the company’s U.S. portfolio of more than 150 retail centers spanning 150 million square feet across 43 states – one of the largest retail real estate portfolios in the country, totaling approximately $60 billion in assets under management. Before his role as CEO, Jared served as Chief Operating Officer of Retail at Brookfield Properties, and earlier, held various leadership roles in real estate development and management across the U.S., at GGP, Inc., The Rouse Company, and The Howard Hughes Corporation.

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“Jared has an undeniable track record in real estate development and management, making him a formidable asset to our Board,” said Joe Caltabiano, Chief Executive Officer of HRT. “His strategic oversight underscores our vision of growing a national footprint of high-quality healthcare facilities alongside the evolution of the behavioral health market and increasing demand for alternative therapies. Jared’s support will be invaluable as we continue to build our strong property pipeline and establish the relationships necessary to accelerate our expansion.”

Jared Chupaila added, “HRT is a forward-thinking, uniquely positioned force in the real estate sector, and I’m thrilled to be involved in its growth at such a critical time in the development of the mental wellness and behavioral health space. With a significant first-mover opportunity led by a highly experienced team of visionaries, HRT is poised for long-term success.”

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HRT is a data-driven company that intends to acquire NNN-leased healthcare-related real estate assets, managing both property acquisition and interior buildout to optimize the properties for each tenant or practitioner. With escalating healthcare costs driving patients to explore novel treatments and an overall growing prioritization of wellness across the U.S., the behavioral health market is projected to be valued at $132.4 billion by 2027.

About Healing Realty Trust
Healing Realty Trust (HRT), formerly known as Healing Commercial Real Estate Inc., is a data-driven, self-managed real estate investment company specializing in the ownership of income-generating properties primarily linked to the healthcare industry.

Media Contact
MATTIO Communications
healingreit@mattio.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196926

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Real eState

National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

Published

23 hours ago

September 16, 2024

Anne Joseph

OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.

The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.

On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.

CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”

The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.

The number of newly listed properties was up 1.1 per cent month-over-month.

This report by The Canadian Press was first published Sept. 16, 2024.

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Real eState

Two Quebec real estate brokers suspended for using fake bids to drive up prices

Published

6 days ago

September 11, 2024

Anne Joseph

MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.

Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.

Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.

She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.

The two brokers were suspended in May 2023 after La Presse published an article about their practices.

One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.

This report by The Canadian Press was first published Sept. 11, 2024.

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Real eState

Montreal home sales, prices rise in August: real estate board

Published

2 weeks ago

September 6, 2024

Anne Joseph

MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.

The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.

The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.

The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.

QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.

Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.

This report by The Canadian Press was first published Sept. 6, 2024.

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