A group of panelists at the Connect HRE Conference make their case for optimism
By John B. Mugford
There are plenty of professionals involved in medical outpatient building (MOB) and healthcare real estate (HRE) facility investments and sales who are saying that the sluggish sales market is turning around.
Without a bevy of statistics to back up their optimism, they often use anecdotal evidence, such as their reports that an increasing number of potential buyers are calling brokers and facility owners in search of deals.
At the recently held Connect Healthcare Real Estate Conference in Irvine presented by Glendale, Calif.-based Connect Media, a panel of sector professionals took their anecdotal evidence a step further in pointing out that the market is, or will soon, pick up.
“Have we taken the celebratory drink yet?” Travis Ives, managing director and co-lead of the U.S. Healthcare Capital Markets Team with Cushman & Wakefield (NYSE: CWK), asked rhetorically during a panel session titled, “Capital Markets & Investments” that was moderated by David Lari, an attorney who heads up the Healthcare Group at Cox Castle in Los Angeles.
“I think there should be a ‘cheers,’” Mr. Ives added, “because I think things have certainly improved since what I considered the low point in October 2003, when there were a confluence of things going on that put a damper on market sentiment, not the least of which was transaction volumes were very low and we were all hopeful that things would turn a corner.
“Today, it seems like
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