Two PMB Projects Named 2024 HREI Insights™ Award Winners

Healthcare Real Estate Insights^™ magazine's national awards program honors multiple healthcare projects completed by PMB in 2024.

SAN DIEGO, Feb. 7, 2025 /PRNewswire/ -- PMB's Providence Swedish Rehab Hospital and The Springs Living at Vancouver Waterfront seniors housing community have been named as Winners in Healthcare Real Estate Insights (HREI) magazine's annual, national awards program.

"PMB is honored to win these prestigious awards which recognize the dedication and teamwork that went into these healthcare real estate projects," says Mark D. Toothacre, Managing Partner and CEO of PMB. "These two winning projects are addressing critical needs in their respective communities."

The Springs Living at Vancouver Waterfront was named The Best Post-Acute & Senior Living Facilities Best New Ground-Up Development. The new twelve-story, 360,000 SF, 250-unit community for older adults is located at 1015 W Columbia Way, as part of the Waterfront Master Plan in Vancouver, Wash. Designed as an optimum environment for the health and well-being of residents and staff, the community has been designed with the intention of meeting the rigorous standards for LEED Gold Certification which rates systems for the design, construction, operation, and maintenance of green buildings, as well as FitWel Certification which uses evidence-based design and operational strategies to optimize occupant health. The Springs at The Waterfront provides a continuum of care options for its residents, including 182 independent living units, 48 assisted living units, and 20 memory care units.     

In addition, The Providence Swedish Rehabilitation Hospital was named the Best in Hospitals and Other Inpatient Facilities Best New Ground-Up Development. The new 2-story, 53,000 square-foot inpatient rehabilitation facility in Lynwood, Washington, is outfitted with patient centric amenities and adaptive units, including an 8-bed brain injury unit, a dialysis suite, and multidisciplinary therapy gymnasiums. A specialized suite, in addition to a therapy kitchen and laundry area, give patients the opportunity to work through activities of daily living, and a therapeutic courtyard is outfitted with exterior amenities designed to promote patient ambulation and activity. The rehabilitation hospital also includes private rooms for patient and family comfort, an acquired brain injury unit with private dining and therapy gym, large interdisciplinary gyms, a therapeutic courtyard with golf and varied surfaces, and a transitional living apartment to prepare patients for daily living tasks before they are discharged home.

In addition, PMB's UChicago Medicine Northwest Indiana Expansion, a 131,000 square-foot development, was named a finalist in the New Medical Office Buildings and Other Outpatient Facilities (100,000 square feet or more).

PMB's projects have been named finalists 18 times, ten of which won top project awards in the previous years of the HREI Insights Awards program including PMB's CEO and Managing Partner, Mark Toothacre, as Healthcare Real Estate Executive of the Year in 2020.

The HREI Insights Awards are the only national awards dedicated to recognizing excellence in the areas of HRE development and executive leadership. The awards are presented by HREI, the first and only national magazine entirely devoted to covering HRE development, financing and investment.

About PMB
PMB is a purpose-driven healthcare real estate developer with a mission to improve healthcare delivery, effect change, and positively impact communities. Our company is 100 percent focused on healthcare real estate across the continuum of care including behavioral health, life sciences, ambulatory care centers, medical office buildings, inpatient hospitals, post-acute hospitals, senior living facilities, and parking structures. PMB has developed over 130 facilities to date representing approximately $6.5 billion dollars and 6.5 million square feet. The firm owns and manages over 70 medical facilities comprising over 5.5 million square feet. For more information, please visit our website at www.pmbllc.com.

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SOURCE PMB