INDUSTRY PULSE: HRE PROPERTIES ESCAPED MUCH HURRICANE DAMAGE

How did Hurricane Harvey affect healthcare real estate in the Greater Houston area?

Hurricane Harvey made landfall in south Texas from Aug. 25-29. It was the first major hurricane to strike south Texas since Celia in 1970. Photo courtesy of NASA

When one thinks of the Houston healthcare market, one immediately thinks of the 1,345-acre Texas Medical Center (TMC), the world’s largest medical center – and home to some of the world’s most valuable healthcare real estate. So did the TMC, southwest of flood-ravaged downtown Houston, fared in light of the devastation of Hurricane Harvey?Quite well actually. 

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