Cover Story: Should systems monetize hospitals?

A recent BOMA MOB conference panel included (from left to right): Jeff Cooper of Savills, Tony Helton of Cleveland Clinic, David Johnson of BMO Capital Markets, Vince Cozzi of Ventas and moderator Peter Volas of Cleveland Clinic. Photo courtesy of BOMA

A recent BOMA MOB conference panel included (from left to right): Jeff Cooper of Savills, Tony Helton of Cleveland Clinic, David Johnson of BMO Capital Markets, Vince Cozzi of Ventas and moderator Peter Volas of Cleveland Clinic. Photo courtesy of BOMA

Selling MOBs is common, BOMA panel notes, but what about inpatient buildings?

By John B. Mugford

In healthcare real estate (HRE), there’s an untapped gold mine of properties awaiting investors who can figure out how to obtain them: acute care hospitals.

Therein lies the difficulty, however, as the holders of more than 85 percent of the country’s acute care-related medical real estate facilities are hospitals and health systems. And while sales of medical office buildings (MOBs) and other outpatient buildings have become commonplace in recent years, most providers remain reluctant to loosen their grip on acute care hospitals and other inpatient facilities.

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