Firm’s longtime chief development officer, now CEO, talks about the firm’s plans and success, the HRE sector, and the man he’s succeeding at the helm, John Pollock
By John B. Mugford
Mike Conn
Ever since Walnut Creek, Calif.-based Meridian was founded in 1999, it has been known as quite an innovator in the healthcare real estate (HRE) sector.
Although the firm is a “full-service real estate owner, operator and developer specializing in high-quality, brand-enhancing developments with distinctive expertise in healthcare and life science real estate,” it has become well-known for seeking and finding opportunities that competitors might have missed or passed on.
As a firm based in California, where raw land is scarce and regulatory approvals are more complicated, Meridian was one of the first firms in the HRE sector to make repurposing a core strategy. Also, besides finding creative ways to convert other real estate product types into medical facilities, the firm has completed its share of “light” value-add and core-plus investments.
In all, including ground-up projects, build-to-suits, repurposing projects and a variety of other types, the firm has been involved in more than 150 projects and investments.
In recent years, Meridian has also branched out beyond its California roots by making investments in the Phoenix and Tucson, Ariz., areas.
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