Feature Story: HR soars on list of largest owners of medical real estate
But Kaiser Permanente is still No. 1 by far, according to Revista’s latest top 50 report By John B. Mugford It should come as no surprise that the entity that grew its medical real estate portfolio the most in 2022 was Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR), a publicly traded real estate investment […]
Feature Story: Mild recession could be looming by year-end
Economist Sam Chandan notes that Fed is likely putting an end to interest rate increases By John B. Mugford As you probably know, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement over the Memorial Day weekend to raise the national debt ceiling, and Congress is scheduled to take up the plan […]
Feature Story: Same underwriting, new ‘math’
Inflation, interest rates and the bid-ask gap have slowed HRE lending By John B. Mugford If healthcare real estate (HRE) loan volume has declined in recent months, lenders say, don’t blame them. The real culprits, they say, are rising inflation and higher interest rates, as well as the gap between seller expectations and what buyers […]
Feature Story: HRE CEOs have plenty to be concerned about
But good fundamentals and innovation will bolster the sector, BOMA panelists say By John B. Mugford From bank failures and uncertain capital markets to “broken” regulatory policies and healthcare employee burnout, today’s healthcare real estate (HRE) CEOs face many thorny issues. But they also remain confident about the long-term prospects of their business. That was […]
Feature Story: Are providers suffering from whiplash?
BOMA panel discusses how they are coping with sudden changes By John B. Mugford As health systems struggle financially, with costs of providing care rising and government reimbursements not nearly keeping up, their operating margins continue to decline. According to a report by Chicago-based Kaufman Hall, a healthcare and education consulting and research firm, more […]
Feature Story: Amid market uncertainty, investors share some strategies
BOMA panelists discuss acquisitions, dispositions and joint ventures By John B. Mugford CHICAGO – As we move further into 2023, there are so many questions about the current slowdown in the healthcare real estate (HRE) acquisitions market, with a heavy emphasis on medical office buildings (MOBs) and where things are headed for the remainder of […]
Feature Story: Q1 MOB sales plunge to near historic low of $1.4B
But occupancy rates in the top metros have hit a new high, Revista says By John B. Mugford Medical office building (MOB) sales in the first three months of the year dropped to the lowest first quarter volume for any year since 2014. But such a statistic does not necessarily reflect the overall strength of […]
Feature Story: Surprising strength
Development surpassed pre-pandemic levels in 2022 By Murray W. Wolf The year 2022 was a challenging one for healthcare real estate (HRE) developers. Steadily rising construction costs and inflation made construction more expensive. Rising interest rates also made debt more expensive – or unavailable altogether as some lenders “put down their pencils” for a time. […]
Feature Story: What’s your MOB worth?
Revista panel explores valuations and pricing in an uncertain market By John B. Mugford What’s your medical office building (MOB) worth? The short answer is: Less than it was a few months ago. That’s according to a group of experienced healthcare real estate (HRE) professionals who gathered for a panel discussion during the recent Revista […]
Feature Story: Ambulatory strategies during a changing market
Revista panelists discuss the many issues facing health systems and possible solutions By John B. Mugford As noted in the preceding article, HRE professionals would like to know if the current financial strains faced by hospitals and health systems will prompt some providers to be more open to third-party investment and ownership of HRE, or […]
Feature Story: Not bad for a ‘late bloomer’
DOC Founder John W. Sweet is the 2022 Lifetime Achievement Award winner By John B. Mugford As many professionals approach their 60s, they’re most likely thinking about how they will spend their retirement years. Not John W. Sweet, who likes to call himself a “late bloomer.” In fact, Mr. Sweet’s career was just ramping up […]
Feature Story: Capital markets success formula: patience and fortitude
The economy is going to be in for ‘a bouncy ride’ for a while, Revista panelists said By John B. Mugford Under current market and economic conditions, what with inflation and interest rates on the rise, “patience” is a virtue for those involved in investing in the healthcare real estate (HRE) sector. “This an environment […]
Feature Story: Todd J. Meredith – Carrying on the legacy
Todd J. Meredith of Healthcare Realty is the 2022 HRE Executive of the Year By John B. Mugford Since its founding in 1992, Healthcare Realty Trust (NYSE: HR) has been viewed as one of the healthcare real estate (HRE) sector’s steadiest and most reliable investors. Maybe the publicly traded real estate investment trust (REIT) wasn’t […]
Feature Story: Cap rates are on the rise
Mike Hargrave, Hilda Martin present updated info at Revista MREIF conference By John B. Mugford Amid all of the uncertainty in the healthcare real estate (HRE) sector due to rising interest rates and inflation, Mike Hargrave, principal with Arnold, Md.-based HRE data firm Revista, noted during the firm’s recent conference in Bonita Springs that there […]
Feature Story: Investment outlook: Quick rebound or slow recovery?
InterFace panelists say there’s still a lot of capital flowing into the MOB space By John B. Mugford What a difference a year can make. At the InterFace Healthcare Real Estate (HRE) West conference in Los Angeles in February 2022, a panel discussion devoted to HRE investing was titled, “Who’s Buying, Who’s Selling and Transaction […]
