July 02, 2020
Cornerstone Companies, Inc. MOB Fund V Spends $59.9 Million to Acquire 9 Medical Properties in Six States
Cornerstone has acquired 9 healthcare real estate properties in six states totaling more than 300,000 square feet. The properties were acquired for $59.9 million by Cornerstone MOB Fund V, a private equity fund focused solely on medical real estate.... Read more »
June 10, 2020
Cornerstone Companies, Inc. to develop 40,000 SF MOB in Carmel, Indiana
Cornerstone recently closed on a three-acre parcel of land at 12174 North Meridian Street in Carmel, Indiana. Cornerstone plans to develop a three-story, 40,000-square-foot medical office building at the site, which sits along Carmel’s bustling medical corridor. The project,... Read more »
June 04, 2020
Project Update: Shadeland Station – The Building Lift
In August of 2019, Cornerstone acquired a portfolio of buildings totaling 300,000 rsf located in Shadeland Office Park in Indianapolis, Indiana. One of the buildings had settled roughly 6 inches over its lifespan, presenting construction and leasing challenges. Over... Read more »
May 20, 2020
Cornerstone Develops New, State-of-the-Art Facility for Urology of Indiana
A brand-new, Urology of Indiana facility is now open to patients at MedTech Park in Fishers, IN. Cornerstone Companies, Inc. (Cornerstone) recently completed the development and construction of a 22,000 SF, cutting-edge medical office building for Urology of... Read more »
March 31, 2020
CARES Act Provides Financial Relief for Healthcare Providers
The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law on March 27, 2020 authorizes unprecedented levels of funding to support the healthcare industry. With elective surgeries around the country shut, both hospitals and physicians have been financially... Read more »
March 25, 2020
Cornerstone Donates Masks and Meals Amidst COVID-19 Crisis
We would like to send out a huge thank you to our Healthcare Community – our physicians, nurses, first responders, and additional healthcare professionals – for their selfless sacrifices to help keep everyone safe and healthy during the coronavirus pandemic.... Read more »
January 06, 2020
Cornerstone Donation Funds Garden at IU Health's Joe & Shelly Schwarz Cancer Center
At Cornerstone, our Core Values – Caring, Creative and Character – guide and shape our interaction with our clients, as well as our community. These values are alive across our entire organization and embody our culture. We are pleased... Read more »
November 12, 2019
Cornerstone MOB Fund IV Acquires $23.9M Portfolio
INDIANAPOLIS – Cornerstone Companies, Inc. recently announced the purchase and development of six healthcare real estate properties totaling more than 87,000 sf in Indiana, Kentucky, Ohio and Tennessee for a total of $23.9 million. The properties were acquired by Cornerstone... Read more »
September 11, 2019
Cornerstone Named to Midwest Real Estate News Best of the Best List!
Midwest Real Estate News recently released a list of the region’s 75 Top Property Management Companies. Cornerstone Companies, Inc. (Cornerstone) came in at #56 on the list, managing approximately 5,000,000 square feet of medical space! Cornerstone has come a long... Read more »
August 07, 2019
Cornerstone Companies, Inc. Acquires $26.68M Portfolio
Cornerstone Companies, Inc. (Cornerstone) recently announced the purchase of 334,354 square feet of commercial office assets within Shadeland Station Office Park for more than $26 million. The portfolio is located on the Northeast side of Indianapolis. Cornerstone is a leading,... Read more »
August 05, 2019
Cornerstone Hires Regional Partner in Southeast
Cornerstone is pleased to announce that Andrew Lawler joined the firm as the newly appointed Southeast Regional Partner. In this new role, Lawler sources strategic healthcare real estate opportunities for Cornerstone’s Southeast portfolio. Based in Charlotte, NC, Lawler has more... Read more »
July 25, 2019
Cornerstone Develops New, State-of-the-Art Facility for Goodman Campbell Brain and Spine
A brand-new, Goodman Campbell Brain & Spine facility is now open to patients at Main St and N Illinois St in Carmel, IN. Cornerstone Companies, Inc. (Cornerstone) recently completed the development and construction of a 38,537 SF, cutting... Read more »
February 11, 2019
Cornerstone MOB Fund Acquires $18.6M Portfolio
Cornerstone Companies, Inc. recently announced the purchase of three healthcare real estate properties totaling more than 94,000 sf in Texas, Louisiana and Illinois for a total of $18.6 million. The properties were acquired by Cornerstone MOB Fund III, a... Read more »
January 08, 2019
Cornerstone develops state-of-the-art facility for Dawes Fretzin Dermatology
A brand-new, Dawes Fretzin Dermatology facility is now open to patients at 79th and Shadeland in Indianapolis. This impressive, two-story building serves as a clinic, research facility and Mohs surgery treatment center for a local and rapidly-growing dermatology... Read more »
December 03, 2018
New team member highlight: Matt Dills
Matt Dills recently joined Cornerstone as a Senior Property Manager. He oversees twelve medical office buildings in the Indianapolis area—managing day-to-day building operations and working with tenants to maximize each facility’s customer experience while delivering consistent financial returns to investors.... Read more »
July 18, 2018
New team member highlight: Ben Cohen
Ben Cohen is one of Cornerstone’s newest additions to the team, bringing with him a unique array of healthcare experience. Ben serves as Cornerstone’s tenant representation specialist, helping tenants work through the details of their lease negotiations so... Read more »
July 18, 2018
New team member highlight: Ted Baker
Ted Baker is Cornerstone’s Vice President of Development. Across the board, Ted is responsible for delivering the entire Cornerstone platform to help enable healthcare providers to maximize use of capital while navigating real estate transactions in a complex environment. ... Read more »
June 15, 2018
Cornerstone Companies closes MOB Fund II, acquires Crittenton Medical Plaza in Oxford, MI
Cornerstone Companies, Inc. announced this month that it has acquired the 19,123-square-foot Crittenton medical office building in Oxford, MI, for a total of $5.7 million. The property was purchased through the Cornerstone MOB Fund II, a private equity fund focused... Read more »
May 22, 2018
New Sports Medicine Facility Opens in Tipton, Indiana
Cornerstone Companies and Methodist Sports Medicine announce completion of new medical office building on the IU Tipton Hospital campus... Read more »
April 04, 2018
Goodman Campbell Brain & Spine facility underway in Carmel, IN
Cornerstone has been selected as the developer and general contractor for a medical office building set to open its doors in May 2019. The two-story, $17.6 million-dollar facility will be occupied by Goodman Campbell, a team specializing in... Read more »
February 23, 2018
Cornerstone and OSF Healthcare announce completion of new, ground-up development
A brand-new, OSF Healthcare facility is now open to patients in Godfrey, IL. Completed by Cornerstone in December 2017, the 13,126-square-foot medical office building includes clinic space and an urgent care center. This single-story, ground-up development is operated... Read more »
February 20, 2018
Megan Drummond, Senior Property Manager, recognized with CPM designation
Megan Drummond has served on Cornerstone’s property management team for over three years. On February 15, she was installed as a Certified Property Manager by the Institute of Real Estate Management (IREM). Certified Property Manager (CPM) is a... Read more »
February 07, 2018
Cornerstone starts 2018 with new business in Indiana and Ohio
Cornerstone rang in the new year on a good note—adding almost four football fields worth of medical office space to its national portfolio. In the first quarter of 2018, Cornerstone added 207,000 square feet of new property management... Read more »
January 23, 2018
Cornerstone teams up with Eye Surgeons of Indiana to develop innovative new facility
In 2018, Cornerstone looks forward to the completion of a joint development project with Eye Surgeons of Indiana—a brand-new medical office building at 92nd and Meridian in Indianapolis. This new $18-million-dollar, 50,000-square-foot facility will include a surgery center on... Read more »
December 22, 2017
Cornerstone employees become first annual Core Value Award winners
Three Cornerstone employees were presented with Robert N. Whitacre Core Value Awards and recognized for their outstanding service. At Cornerstone’s annual Christmas party, a handful of employees were celebrated for their examples of caring, creativity and character. This... Read more »
December 20, 2017
Outpatient Medical Office Building Report - 2017
2017 was a benchmark year for outpatient medical office buildings (MOBs), both in Indianapolis and around the country... Read more »
December 04, 2017
Employee Spotlight: Ivan Robinette
Director of Construction Ivan joins Cornerstone after 25 years of success in the construction industry. A motivated team player, Ivan has overseen projects worth over $17 million in a variety of market sectors. His experience will be a... Read more »
November 17, 2017
Lindsey Brown Receives CPM Designation from the Institute of Real Estate Management
Lindsey Brown, a member of the Cornerstone property management team, was installed as a Certified Property Manager on November 15th at the IREM Chapter 24 annual dinner. Certified Property Manager (CPM) is a real estate professional designation awarded... Read more »
November 02, 2017
Charles Yeo receives Broker of the Year award from Physicians Realty Trust
The first annual DOC Awards were presented this September at the Management Summit 2017 in Milwaukee. We’re proud to announce that Charles Yeo, a member of our Brokerage team, received the national award for Broker of the Year! ... Read more »
October 25, 2017
Caring is Cornerstone: Building the future of Cornerstone
By Tag Birge — Cornerstone has always been a mission-driven company. As we’ve grown, we’ve stayed true to that vision. But like anything, with a growing team there’s more variability in how that vision is communicated. A few... Read more »
October 03, 2017
Employee Spotlight: Mark Randall
Mark joins Cornerstone as the Director of Facilities. Cornerstone is glad to welcome Mark Randall to the team! Mark joins Cornerstone with over 25 years in the maintenance and real estate industries, most recently serving as Senior Chief... Read more »
October 02, 2017
Cornerstone to Develop New State-of-the-Art Medical Office Facility for Dawes Fretzin Dermatology Group in Indianapolis
INDIANAPOLIS — Cornerstone Companies has been selected by Dawes Fretzin Dermatology Group to develop a new treatment center in Indianapolis. The building will be located at 79th and Shadeland Ave on the northeast side of Indianapolis. The two-story,... Read more »
September 26, 2017
Employee Spotlight: Chase Scott
Chase joins Cornerstone as a Project Manager. Last month we welcomed Chase Scott to the team at Cornerstone. Chase joined our team as a Project Manager and will manage the construction of several different medical office buildings and... Read more »
September 21, 2017
Cornerstone Begins Development on Second Facility for OSF Healthcare
INDIANAPOLIS — Cornerstone Companies is scheduled to begin work on a new outpatient primary care facility for OSF Healthcare in Godfrey, Illinois. The development will include approximately 8,200 square feet of medical office space. The new facility will be... Read more »
September 18, 2017
Easing the Transition From Hospital to Home
Cornerstone Companies and Community Health Network are proud to announce a philanthropic partnership focused on improving the hospital-to-home transition for patients in behavioral health care programs. As Central Indiana’s largest provider of behavioral health services, Community Health Network offers... Read more »
August 25, 2017
Cornerstone Hires John White as Vice President to Lead New Minnesota Office
INDIANAPOLIS — Cornerstone Companies, the leading integrated healthcare real estate company, today announced the hire of successful entrepreneur John White as Vice President to open an office in Minneapolis, Minnesota. Cornerstone currently manages over 4 million square feet of medical... Read more »
August 16, 2017
Cornerstone Developing Outpatient Facility for OSF Healthcare
INDIANAPOLIS — Cornerstone Companies is developing a 13,000 rsf outpatient facility for OSF Healthcare in Godfrey, Illinois. The facility is scheduled to open in December 2017 and will include a lab, imaging and primary care. Cornerstone is both the... Read more »
August 14, 2017
Cornerstone Selected to Manage Two Class A Medical Facilities in Central Indiana
INDIANAPOLIS — Cornerstone Companies, Inc. has been selected to provide property management services for St. Vincent Medical Center in Fishers, IN and St. Vincent Women’s Center in Carmel, IN. The addition of two Class A medical properties to Cornerstone’s... Read more »
June 12, 2017
Medical real estate keeping developers, investors busy.
Medical office buildings are getting plenty of attention in Indianapolis lately, and not just as destinations for patients, doctors and pharmaceutical sales reps. The sector is in the middle of a huge real estate shuffle. Last month, Indianapolis-based... Read more »
June 08, 2017
Cornerstone Companies fully invests its MOB Fund II.
Firm finds opportunities with smaller properties in suburban and rural markets Cornerstone Companies Inc. announced last week that it has acquired three healthcare real estate (HRE) properties totaling about 82,000 square feet in Indiana, Kentucky and Colorado for a total... Read more »
April 24, 2017
Cornerstone Companies Inc. breaks ground on $7 million medical office building in Tipton.
Cornerstone Companies Inc. has broken ground on a $7 million medical office building in Tipton, IN. The nearly 25,000-square-foot building is located on the grounds of IU Health Tipton Hospital and IU Health will serve as its anchor tenant. ... Read more »
February 20, 2017
Cornerstone selected by Starwood Property Trust, Inc. for management services.
Cornerstone Companies, Inc., a leading healthcare real estate development, leasing, property management, monetization and investment company, has been selected by Greenwich, Connecticut based-Starwood Property Trust, Inc. to provide property management, leasing and construction services for six properties in Indiana and... Read more »
July 18, 2016
Cornerstone adds 4 million SF in Kentucky to management portfolio.
Cornerstone Companies, Inc., a leading healthcare real estate development, leasing, property management, consulting and investment company, has been selected by Milwaukee-Wisc.- based Physicians Realty Trust (NYSE: DOC ) a healthcare real estate investment trust (REIT), to partner with them to... Read more »
January 27, 2016
Cornerstone Companies Inc. purchase Lakeview Medical Office Plaza.
Cornerstone Companies, Inc. recently announced the closing on Lakeview Medical Office Plaza, located in the 9000 block of North Meridian Street in Indianapolis, Indiana. The plaza is the latest purchase by the company, which continues to rapidly expand its portfolio... Read more »
January 19, 2016
Cornerstone announces new land acquisition.
Cornerstone Companies, Inc. is pleased to announce the latest land purchase by the company. The Indianapolis-based firm recently closed on 9 acres of prominent real estate, which company leaders believe will be a perfect location for their latest medical office... Read more »
