Hong Kong – Haven of Hope Hospital announced incident of renovation work
Haven of Hope Hospital announced incident of renovation work
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The following is issued on behalf of the Hospital Authority:
The spokesperson for Haven of Hope Hospital made the following announcement on an incident of renovation work today (March 11):
The oxygen gas pipe in the Main Block of Haven of Hope Hospital was accidentally damaged by a worker during renovation work on the ground floor today. This damage affected the oxygen flow in the wards. The incident happened at around 11am this morning and the hospital responded by arranging for emergency repairs and mobilising backup oxygen cylinders to ensure that patients’ oxygen supply was not affected.
As a precautionary measure, the hospital relocated four patients who required high-concentration oxygen to other wards. The incident did not affect the condition of any of the patients.
After the emergency repairs, the hospital confirmed that the oxygen supply to patients had returned to normal.
The hospital immediately suspended the concerned renovation works and required the contractor to submit an investigation report on the incident.
The hospital takes this incident very seriously and has reported it to the Hospital Authority Head Office through the Advance Incident Reporting System.
Nov. 15, 2022 – PRLog — Haven Realty Capital (“Haven”) and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent (“BTR”) communities throughout the United States. The $415 million equity joint venture will provide long-term capital for Haven to continue to execute its business plan in the BTR space, working with homebuilders. “The for-sale housing market has been significantly hampered by recession fears, inflation and rising interest rates placing a burden on homebuilders and their ability to add to the housing stock,” said Haven Founder and Managing Principal Sudha Reddy. “This partnership will allow us to continue working with U.S. homebuilders, who are becoming increasingly comfortable selling entire communities to operators like Haven to lease to residents who want to live in a home but can’t afford to buy or prefer to rent.” One of the nation’s leading BTR owner / operators, Haven currently controls 35 communities across nine states in various phases of construction and stabilization representing approximately 3,500 homes and $1.2 billion in project value. “The joint venture will add to Haven’s existing portfolio that has been aggregated over the last two years” continued Mr. Reddy. “We expect to be an active buyer / developer as the market evolves and opportunities become available over the coming months.” Haven Managing Director and Head of Capital Markets Eric Kim added, “the fundamentals of the single-family rental industry remain solid and J.P. Morgan believes as we do in the strength and viability of the asset class along with our ability to execute. We look forward to working with our partner for many years to come.” Haven intends to leverage its existing relationships and create new ones with best-in-class national and regional homebuilders throughout the Sunbelt states. The joint venture will target communities with 50 to 200 homes ranging from 1,500 to 2,500 square feet, primarily with three- and four-bedroom and two- and three-bathroom floorplans including two-car garages. The joint venture comes at a time when new for-sale housing starts have fallen to a two-year low, according to data released from the Department of Housing and Urban Development. “We’re pleased to able to partner with Haven to continue to provide the attractive, newly-built, larger single-family homes for rent that more and more American families seek,” said Ryan Holgan, executive director, Real Estate Americas, at J.P. Morgan Asset Management. Initial seed investments for the joint venture will include three communities located in Atlanta MSA representing nearly 250 homes, with expected closings in the next 90 days. About Haven Realty Capital Haven Realty Capital (http://www.havenrc.com) is a privately held real estate investment and operating company focused on the acquisition, development and management of single-family communities throughout the United States. Founded in 2010, Haven currently has approximately $1.2 billion (as of October 31, 2022) in BTR communities under development and management with assets located in Alabama, Arizona, Florida, Georgia, Illinois, Nevada, Tennessee and The Carolinas. For more information, visit www.havenrc.com. About J.P. Morgan Global Alternatives and J.P. Morgan Asset Management – Real Estate Americas J.P. Morgan Asset Management – Real Estate Americas is the U.S. real estate investment platform of J.P. Morgan Global Alternatives. With more than US$73 billion (Gross Asset Value as of June 30, 2022) in assets under management and 180 professionals, the platform offers real estate strategies that span from core to opportunistic and across debt and equity. J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 50 years as an alternatives investment manager, US$208 billion in assets under management and more than 800 professionals (as of June 30, 2022), J.P. Morgan offers strategies across the alternative investment spectrum including real estate, private equity, private credit, hedge funds, infrastructure, transportation, timber and liquid alternatives. Operating from offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information, visit jpmorgan.com/ Contact Hartman Hill EL SEGUNDO, Calif. – May 19, 2022 – PRLog — Haven Realty Capital (“Haven”) in joint venture with funds managed by Yieldstreet, has closed on the first phase of a $28.6 million acquisition of Hartman Hill, a 71-home purpose-built single family rental housing community in Chattanooga, TN. The Haven-led joint venture will close on the remaining homes in phases over the next seven months. Hartman Hill is the first build-for-rent (“BFR”) community in Chattanooga for Haven, and its fourth in Tennessee since entering the market in July 2021. In addition to Chattanooga, Haven owns three properties in Nashville and one property in Knoxville. Haven is one of the early entrants and most active BFR investor operators in the United States and currently controls 34 developments in 9 states totaling more than 3,400 homes in various stages of development, construction or stabilization. Hartman Hill is being developed on a 26-acre site at 5005 Dayton Boulevard in the Red Bank neighborhood of Chattanooga, TN, located eight miles north of Downtown Chattanooga. At buildout, Hartman Hill will offer three- and four-bedroom homes ranging in size from 1,538 to 2,515 square feet. Each of the 71 two-story homes will offer high-quality finishes and features found in new for-sale housing including custom cabinetry with soft close drawers, quartz countertops, tile-backsplashes, stainless steel appliances, private backyards and direct access garages. Common area amenities will include a sport court, bark park and pet washing station. Ownership will maintain the landscaping for all of the homes and common area, which will provide the community with a uniform look and will provide residents with a maintenance- “Inflation and higher interest rates are making it more difficult for entry level home buyers to purchase a home,” said Haven Founder and Managing Principal Sudha Reddy. “BFR provides the homebuilding industry with another sales channel and an additional option in its pursuit of increasing the housing supply.” Yieldstreet is a leading alternative asset investment platform. It’s real estate vertical provides investors access to projects like Hartman Hill, as a way to diversify their portfolios and hedge against inflation. “At Yieldstreet we’re quite bullish on the SFR BFR and Multifamily space. The migration of folks to sunbelt markets, looking for more affordable housing, creates opportunities that promise to ease the housing crunch and benefit investors,” said Mitch Rosen, Managing Director and Head of Real Estate at Yieldstreet. Yieldstreet’s portfolio includes more than 750 single family rental homes in key U.S. markets including Atlanta, Dallas, and Charlotte. This is the first joint venture between Haven and Yieldstreet. About Haven Realty Capital Haven Realty Capital (http://www.havenrc.com) is a Los Angeles-based real estate investment and management firm focusing on the acquisition and development of single family and multifamily assets in select markets throughout the United States. Founded in 2010, Haven was an early entrant in the single family rental industry where it owned, operated or managed approximately 10,000 SFR rental homes in six states at its peak. Haven currently has approximately $1.1 billion in rental communities under development and management with assets located in Alabama, Arizona, Nevada, Florida, Georgia, Illinois, Tennessee and The Carolinas. Contact Bella View, Atlanta, Ga LOS ANGELES – Jan. 31, 2022 – PRLog — Haven Realty Capital, one of the most active investor/operators of build-to-rent (“BTR”) communities in the United States, has surpassed $1.1 billion in controlled BTR assets, achieving the milestone in less than 15 months. Leveraging more than a decade of experience in single family rentals (“SFR”), Haven formally entered the BTR market in October 2020 with the acquisition of five rental communities under construction at the time in Atlanta, GA. Haven, one of the early entrants in BTR now controls 34 communities in nine states totaling 3,480 homes in various stages of development, construction or stabilization. The communities range in size from 50 – 200 entry level homes averaging 2,000 square feet, primarily with three- and four-bedroom/ “There are a number of companies that are active in the BTR space but not many who have gotten up to speed with the velocity that Haven has,” said David Howard, Executive Director of National Rental Home Council, the non-profit trade association of the single-family rental home industry. “At no point in recent memory have we needed housing more than we need today, and we are talking about one company in a relatively new segment of the housing market that is bringing $1 billion of new housing online.” BTR aka Dedicated Rental Communities is a recent outgrowth of the SFR industry, which gained recognition as an asset class in 2008 following the subprime crisis when individual and institutional investors acquired thousands of distressed homes and renovated them to quality standards for the purpose of renting them out. “BTR solves many of the key challenges inherent with the scattered-site SFR business model, which is a reason behind the increased investor interest in the space,” said Sudha Reddy, Founder and Managing Principal of Haven Realty Capital. “However, new entrants are finding themselves with a steep learning curve on how to operate in the space. It’s a reason a lot of the committed capital has not yet been deployed.” In the past five years, only 20 percent of the approximately $80 billion in announced capital investments in SFR/ BTR communities has been invested, according to market research firm Zelman Associates a Walker & Dunlop Company, “2021 is when we saw interest from institutional capital explode, but we’ll see if and when that turns into actual development,” About Haven Realty Capital Haven Realty Capital (http://www.havenrc.com) is a Los Angeles-based real estate investment and management firm focusing on the acquisition and development of single family and multifamily assets in select markets throughout the United States. Contact Renters are evenly split between households with and without children and average income of $125,000 Bella View, Atlanta, Ga EL SEGUNDO, Calif. – Nov. 10, 2021 – PRLog — In less than 12 months, Haven Realty Capital has leased 100 percent of their first four fully completed build-to-rent (“BTR”) housing communities representing 304 homes in the greater Atlanta, GA metro. The four communities that were under construction at the time — Bella View in Snellville, Trickum Hills in Lawrenceville, The Reserve in Dallas, and Moss Pointe in Canton — were part of a six-community 537-home BTR portfolio acquired by Haven Realty Capital in partnership with an affiliate of Walton Street Capital, L.L.C from builder/developer ResiBuilt in October 2020 for $133.7 million. The remaining two subdivisions, Macland in Dallas and Magnolia Trace in Holly Springs are in the final phases of construction, with both projects exhibiting strong leasing, according to Haven Realty Capital Managing Principal Sudha Reddy. “The demand for single family rentals, particularly those in dedicated rental communities remains strong, allowing us to lease homes before they are delivered,” said Reddy. “We anticipate stabilizing the final two Atlanta communities soon after receiving final certificate of occupancy. We are seeing this leasing velocity throughout our portfolio of BTR communities.” “Haven understands the build-to-rent market and the demographics of the typical renter as well as anyone in the industry,” added Jay Byce, CoFounder of Resibuilt Homes. “This was a key factor in the successful execution of their business plan and we look forward to working with them on future projects.” Since 2019, Haven, one of the most active SFR investors in the country, has approximately $850 million of BTR projects in various stages of development, construction and stabilization. This represents 27 BTR communities in eight states representing approximately 3,000 homes. Haven typically forms partnerships with builders at various phases of development. Each of the completed 226 single-family homes and 78 townhomes in the four Atlanta BTR communities has at least three bedrooms and average more than 2,200 square feet. Despite the large size of the homes, the renter profile is nearly evenly split between households with and without children, with approximately one third of the homes rented by an individual or a single parent. The approximate age range of adults living in the four communities is early to mid-40s, with an approximate average household income of $125,000. This is approximately 45% higher than the median household income (in 2019 dollars) of $59,948 in the Atlanta MSA. [1] (applewebdata:// According to a study conducted by John Burns Real Estate Consulting’s New Home Trends Institute of more than 1,100 single family renters, of those who would prefer to own, only 25% were held back by financial circumstances. More than 40 percent of the respondents cited the flexibility, less maintenance, and fewer financial responsibilities behind their preference to rent versus buy. “Late-stage Millennial family formation, decreasing interest in traditional home ownership, Baby-boomers looking for maintenance- About Haven Realty Capital Haven Realty Capital (http://www.havenrc.com) is a Los Angeles-based real estate investment and management firm focusing on the acquisition and development of single family and multifamily assets in select markets throughout the United States. Founded in 2010, Haven was an early entrant in the single-family rental industry where it owned and operated approximately 10,000 SFR rental homes in six states at its peak. Haven currently has approximately $1 billion in rental communities under development and management with assets located in California, Nevada, Arizona, Texas, Tennessee, Georgia, Idaho, Illinois, North Carolina, South Carolina, and Washington. About Walton Street Capital, L.L.C. Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $14 billion of capital commitments from a broad cross-section of sophisticated institutional investors. Walton Street’s principals have collectively acquired, financed, managed, and sold over $50 billion of real estate and have an average of 20 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate owners, operators, brokers, managers, and industry service providers. ContactHaven Realty Capital and JP Morgan Form $415 Million Joint Venture
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DB&R Marketing Communications, Inc.
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