The credit crunch continues, but many deals and developments are still getting done
By John B. Mugford
The InterFace Healthcare Real Estate conference “State of the Industry” panel featured (from left to right): Roman Kupchynsky II of MedProperties Realty Advisors, John Winer of Rethink Healthcare Real Estate, Mike Conn of Meridian, PJ Camp of H2C Securities, moderator John Mugford of HREI and Chris Bodnar of CBRE.
(Photo courtesy of InterFace Conference Group)
Perhaps the main thing holding back the healthcare real estate (HRE) sector, especially when it comes to property acquisitions, is a dearth of lenders willing to provide debt, according to a panel of HRE veterans at the recent InterFace Healthcare Real Estate Conference in Dallas.
“I might be a little more optimistic than some,” said Philip J. “PJ” Camp, co-founder and principal of New York-based H2C Securities Inc., an investment banking firm involved in healthcare, HRE and other business sectors. “But I do think the (U.S. Federal Reserve Bank) is going to start easing interest rates sooner rather than later, as 2024 is an election year and that may help.”
That, Mr. Camp added, “would certainly help get the (HRE) market out of this slow stagnation period
that it seems to be in.”
He also noted, however, that
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