The Revista-Healthcare Real Estate Insights magazine survey listed the commercial healthcare real estate firm at the top of the list for starting five MOBs totaling 308,013 square feet
INDIANAPOLIS, March 29, 2017 – A new Revista and Healthcare Real Estate Insights (HREI) magazine survey has listed Duke Realty as the top developer by square footage of outpatient facilities started in 2016. The Indianapolis-based commercial real estate developer began developing five healthcare medical office buildings (MOBs) totaling 308,013 square feet last year.
Revista is a Maryland-based firm that provides healthcare industry focused property data, reports and networking events. Minneapolis-based HREI is the first and only national publication and website entirely dedicated to healthcare real estate (HRE) development, financing and investment. Officials from the two firms said that while there are other HRE development surveys, this new Outpatient Healthcare Real Estate Development Survey is the first to leverage the sector experience of HREI, combined with the comprehensive, verified data provided by Revista.
Keith Konkoli, Duke Realty Executive Vice President, Healthcare, noted, “We are very pleased that Duke Realty was number one in outpatient projects started last year in the Revista-HREI survey. This honor is a testament to the hard work of our healthcare professionals and to their dedication to delivering high-quality facilities that meet important community needs.”
One new development that contributed to Duke Realty’s top ranking was the five-story, 78,000-square-foot Baptist Oxford MOB that Duke Realty began developing on the campus of the new replacement Baptist Memorial Hospital-North Mississippi near Tupelo, Miss. Another project the firm started last year was the four-story, 80,000-square-foot Centegra Health MOB in the Village of Huntley, about one hour northwest of Chicago. The MOB is connected to the new 128-bed, 360,000-square-foot Centegra Hospital-Huntley, which was completed last year.
The HRE Outpatient Real Estate Development Survey collected and verified data on all outpatient development projects started or completed in 2016 that exceeded $2.5 million in value and that included at least 5,000 square feet of new or renovated space. Outpatient projects in the survey included MOBs, outpatient surgery centers, dialysis centers, clinics, freestanding emergency rooms/departments, imaging centers, urgent care centers, retail medical buildings, and other purpose-built medical buildings where outpatient care is provided.
The full Outpatient Healthcare Real Estate Development Survey is available exclusively to Revista subscribers. Please contact Mike Hargrave at 443-949-8794 or firstname.lastname@example.org for more information or to subscribe.
About Duke Realty
Duke Realty is a national commercial real estate company specializing in the ownership, management and development of medical office properties, complemented by a large portfolio of industrial assets. Duke Realty (NYSE:DRE) owns, maintains an interest in or has under development 139 million square feet of space in more than 21 top-tier markets nationwide.
The healthcare segment of Duke Realty’s portfolio totals more than 6.7 million square feet, and includes properties ranging from medical office buildings to rehabilitation facilities and from ambulatory care centers with diagnostics, oncology and surgery services to one of the nation’s largest cancer centers. Duke Realty also has on-staff a team of healthcare professionals who are well-versed in the unique demands of medical providers and have proven experience in providing hospitals and physician groups comprehensive planning, development, ownership and facility management services. More information about Duke Realty’s healthcare real estate capabilities is available at www.dukerealty.com/healthcare. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.
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