CBRE has long promoted HRE as an institutional-grade asset class. It’s working.
By John B. Mugford
Under the leadership of Vice Chair Chris Bodnar, the U.S. Healthcare Capital Markets team with CBRE Group Inc. recorded $3 billion in sales last year and has been instrumental in promoting healthcare real estate as an institutional-grade asset class. (Photo courtesy of CBRE)
The full team (from left to right, all CBRE unless noted) includes: Top/back row: Jesse Greshin, VP; Marc Amico, BlackBirch managing director; Trent Jemmett, senior director; and Chad Stark, associate director. Middle row: Shannon Warren, Senior Graphic Designer; Synthia Taylor, Client Services Specialist; Corra John, Associate Director; Jaime Vantsa, investment sales manager; and Anthony Sardo, senior VP. Bottom/front row: Zack Holderman, senior VP; Cole Reethof, first VP; Brannan Knott, executive VP; Chris Bodnar, vice chair; and Dan McNulty, BlackBirch CEO.
It was back in 2011 when Christopher R. “Chris” Bodnar, who had helped launch the U.S. Healthcare Capital Markets team with CBRE Group Inc. (NYSE: CBRE) four years earlier, spent much of the year on the road, visiting several large markets to educate local CBRE brokers and to spread the word about the upsides of medical outpatient buildings (MOBs) and healthcare real estate (HRE) facilities.
While he was on that nearly year-long “road show,” one of Mr. Bodnar’s several goals was to “promote the asset class from what was historically seen as a higher-yielding alternative into an institutional-grade investment worthy (property type) of core pricing.”
Based in Denver, Mr. Bodnar leads what is now a 14-person, national healthcare team at CBRE as vice chair. He says that the goal of elevating the MOB property type to an institutional-grade level “took a bit longer than I’d hoped, but we are certainly there now, with more capital being allocated to the sector every day.”
In addition to elevating the property type, Mr. Bodnar’s road show
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