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Feature Story: Third-party developers had a big year in 2019

VA facility-focused U.S. Federal Properties tops Revista’s annual survey

By John B. Mugford

Who was the big winner in this year’s Revista Outpatient Real Estate Development Report? One might say that it was the third-party outpatient facility development sector itself.

Third-party development volumes not only increased significantly from a year earlier. Third-party healthcare real estate (HRE) firms also grabbed a significantly larger share of the development workload and ownership of new projects compared to the number of projects “self-developed” by healthcare providers.
The 2020 edition (based on 2019 data) is the fourth annual outpatient development report from Revista, an Arnold, Md.-based HRE research firm. As has been the case for each of the past four years, the most recent development survey compiled by Revista ranks the top-rated outpatient medical facility developers from the previous year. Healthcare Real Estate Insights collaborated with Revista to develop the initial survey in 2016, and continues to assist in its promotion.

According to the latest version of the report,

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