Investors in virtual InterFace event say 2020 volumes will be comparable to 2019
By John B. Mugford
“This industry continues to display its real resiliency, and that is going to keep the capital flowing into it,” said Peter Westmeyer, CEO of Chicago-based Remedy Medical Properties, formerly MBRE Healthcare, which has the largest private medical office building (MOB) portfolio at about 20.5 million square feet.
“When you add in the fact that we still have baby boomers (aging), and … the majority of people have access to healthcare, everything’s lined up. I mean, I think I my expectation is that we’re going to have the same growth for some period of time, based on what’s already in place” despite setbacks from the COVID-19 pandemic.
Mr. Westmeyer was one of three panelists who took part in an MOB investment-focused discussion as part of the 10th annual InterFace Healthcare Real Estate (HRE) Carolinas, which this year was held as a virtual event on Oct. 2. The session was titled: “Investment Market Update: When and What will Bring Back Investment Transactions?”
Moderated by Lee Asher, vice chairman with the U.S. Healthcare and Life Sciences Capital Markets team with CBRE Group Inc. (NYSE: CBRE), the panel also included: Mervyn Alphonso, senior VP with Media, Pa.-based Anchor Health Properties; and Jim McMahon, senior director with the Medical Properties Loan Originations team with McLean, Va.-based Capital One (NYSE: COF).
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