Mindy Berman
Managing director with JLL’s healthcare group talks about the firm, the market
By John B. Mugford
When a new investment banking group with a big name behind it entered the medial office building (MOB) sales sector in 2010, it was basically a one-person shop with an analyst for support.
Fast forward six years later, and Mindy Berman, managing director with the national healthcare capital markets practice at Jones Lang LaSalle Inc. (NYSE: JLL), leads a team that now includes Steven Leathers, Daniel Turley, Brannan Knott, CJ Kodani and a number of analysts.
For Ms. Berman, who has more than 30 years of experience in corporate finance and capital markets, working in the HRE sector was a natural extension of her previous work experience with JLL, where she had been a managing director with the company’s corporate capital markets practice for four years. Prior to that she led business development and capital markets teams at several other firms.
The healthcare team at JLL has had plenty of success since its launch in 2010. Included was a solid first half of 2016, when the team brokered more than $600 million worth of transactions.
Among its deals so far in 2016 are the sale of the two-building, 125,692 square foot Crozer Brinton Lake MOB complex in Glen Mills, Pa., for $52 million; the 128,819 square foot Imperial Medical Center in Sugar Land, Texas, for $32.53 million; the 102,232 square foot 4750 West Oakey Boulevard MOB in Las Vegas for $30.1 million; and the health system monetization of the 51,505 square foot Duke Health Briar Creek MOB in Raleigh, N.C., for $22. 3 million.
The team has also sold three rehabilitation hospitals in Texas and financed two in Massachusetts, totaling more than $170 million.
1. Please start off by talking about how things are going in your healthcare capital markets group at JLL and how you’re finding success.
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