Not according to an expert panel that spoke at the GlobeSt. conference
By John B. Mugford
The GlobeSt. Healthcare development panel included (from left to right): Jake Dinnen of PMB, moderator Murray W. Wolf of HREI, David Martin of Remedy Medical Properties, Jaime Northam of Ryan Companies, Jim Hartmann of NexCore Group and Malcolm Sina of Sina Companies. (HREI™ photo)
Although the data suggests that healthcare real estate (HRE) development activity slowed significantly during the past year or so, a recent discussion by five experienced developers told a different story. In fact, during a panel discussion at last week’s GlobeSt. Healthcare conference in Scottsdale, Ariz., some of the panelists said 2024 was their busiest year ever.
Why the discrepancy? Perhaps it was because the five HRE professionals who participated in the panel discussion represented firms that boast some of the largest, best-known and longest-established brands in the business. Maybe winning new HRE development projects is more challenging for companies with fewer relationships and less experience.
However, rather than speculate, let’s take a look at the data and what the panelists actually said during the Dec. 3 session, which was titled “Spotlight on Developers: Reimagining Healthcare CRE.”
What the data says
The moderator of the panel, Murray W. Wolf, publisher and founder of Healthcare Real Estate Insights™ (HREI™), began by sharing the most recent development data from the HRE research firm Revista. Among other results, Revista found that the number of new medical outpatient buildings (MOBs) under construction through the third quarter (Q3) of 2024
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
