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Cover Story: The catalyst of Catalyst

A focus on relationships enables Chad Henderson and his team to drive organic growth in the HRE space

By Erin E. Porter

Chad Henderson

In recent years, Pensacola, Fla.-based Catalyst Healthcare Real Estate has made its mark through a flurry of several notable transactions, including the $150 million acquisition of a 21-property healthcare real estate portfolio spanning eight states, with 17 of the properties coming directly from Milwaukee-based Physicians Realty Trust (NYSE: DOC).

Another recent acquisition of note had Catalyst partnering with Bain Capital in the acquisition of Greenville Medical Tower, a six-story, $21 million medical office building (MOB) across from Texas Health Presbyterian Hospital Dallas.

The firm is also active in development, with several sizable MOB projects in the works, including: the mixed-use development of a 300,000 square foot master-planned healthcare campus for the University of Maryland Medical System in Laurel, Md.; an 80,000 square foot sports medicine complex for Dupont Hospital & Orthopedic Hospital in Fort Wayne, Ind.; a 100,000 square foot multispecialty MOB for Physicians Regional Healthcare System in Naples, Fla., and a 50,000 square foot multi-tenant MOB for St. Cloud Regional in St. Cloud, Fla.

At the helm of all this activity is an impressive, 40-year-old go-getter named Chad Henderson, whose vision, energy and focus on being the “centerpoint” of valued relationships has propelled him and his firm to a “wise beyond their years” position in the healthcare real estate (HRE) world.

This isn’t Mr. Henderson’s first rodeo. Prior to launching Catalyst HRE, he founded THG Investments, a private investment firm with a focus of providing capital and management services to opportunities in HRE and healthcare niche operating companies. THG Investments also launched Intelligent Retinal Imaging Systems (IRIS), a retinal screening company focused on ending preventable blindness. With operations in more than 30 states and over a quarter of a million patients examined, IRIS has been recognized as one of the Fastest Growing Companies in America by Inc. magazine. IRIS was the 2017 recipient of the Microsoft Healthcare Innovator of the Year award.

At the time of the Physicians Realty Trust transaction, John Thomas, the REIT’s CEO, commented on Mr. Henderson and his team:

“We believe they have built and are building the next generation healthcare real estate development and operating platform, and expect this win-win transaction will propel them to further opportunities that will benefit both organizations for years to come.”

Healthcare Real Estate Insights caught up with Mr. Henderson recently to discuss his career with Catalyst Healthcare Real Estate Properties, what’s next, and what’s most important. Here is the interview. (Some answers have been condensed slightly and edited for clarity.)

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