Feature Story: HRE lenders are optimistic
InterFace capital markets panelists discuss the state of lending in the space By John B. Mugford As Richard “Rich” Kelley noted, “No topic has been more discussed in commercial real estate over the past 12 months or longer than the capital markets, with much of the discussion centered on interest rates and the lack of […]
Feature Story: New mantra for HRE? Do more in ‘24
Generally upbeat panelists at InterFace West say they’re seeing more activity By John B. Mugford Since the rapid run-up of interest rates from March 2022 to July 2023 rocked the capital markets and slammed the brakes on commercial real estate investment and development, frustrated healthcare real estate (HRE) professionals have frequently uttered this grim mantra: […]
Feature Story: Where are America’s HRE hotspots?
Some you might expect, others you might not, RevistaMed data shows By John B. Mugford On Jan. 24, HREI reported on the latest national healthcare real estate (HRE) statistics as compiled and presented by Arnold-based Revista during a webcast for its subscribers to recap the fourth quarter (Q4) and all of 2023. The headline grabber […]
Feature Story: Tough time to buy, but great time to own MOBs
RevistaMed data: MOB sales reached a low point in 2023; but, occupancies, rents increased By John B. Mugford Perhaps the last year or so has not been a great time to be a prospective buyer of medical office buildings (MOBs), but it certainly has been a good time to be an owner of such facilities. […]
Feature Story: A modest move toward monetizations
Some providers are becoming a bit more receptive, GlobeSt conference panelists say By Murray W. Wolf Healthcare real estate (HRE) professionals have been exhorting hospital and health system executives to monetize non-core real estate assets for at least as long as Healthcare Real Estate Insights (HREI) has been published – 21-plus years – and probably […]
Feature Story: An economic ‘soft landing?’ Unprecedented, but possible.
Economist John Chang shared his views during GlobeSt. Healthcare conference By John B. Mugford Fans of the comedy classic “Airplane” probably got a kick out of a line from the movie that economist John Chang referred to during his keynote address at the ALM/GlobeSt. Healthcare conference in Scottsdale, Ariz., in mid-December. In describing what the […]
Feature Story: ‘Cautiously optimistic’ about 2024 HRE sales, lending market
Potential end to Fed hikes could help, as noted during Cushman & Wakefield HRE webinar By John B. Mugford A seasoned debt equity professional involved in the healthcare real estate (HRE) space is “cautiously optimistic” that 2024 will see a better lending environment than the rather “illiquid” year of 2023. “It’s really tough for banks […]
Feature Story: MOB pricing has stabilized, but deals are few
InterFace panel says buyer and seller pricing expectations have narrowed By John B. Mugford Well, it seems there is both good news, albeit a somewhat small amount, and bad news – a pretty big, significant chunk of bad news, actually – concerning the current state of medical office building (MOB) investing. The good news is […]
Feature Story: Some bright spots remain in HRE development
InterFace panelists say clients in growing markets see the need for new facilities By John B. Mugford With interest rates and construction costs on the rise, some health systems and other providers have put planned development projects on the back burner, hopefully temporarily. On the other hand, many systems and perhaps larger physician groups that […]
Feature Story: Post-pandemic growth prospects
Providers at Colliers conference talk about hardship and strategies By John B. Mugford Coming out of the COVID-19 pandemic has been difficult for health systems and providers of all types, with growth taking a back seat to survival. “If you look back at the 2020 to 2022 timeframe, it was kind of slow for us […]
Feature Story: Underwriting is the name of the game in HRE investing
Panelists at Colliers healthcare conference share their strategies in current market By John B. Mugford It was just a couple of years ago that the medical office building (MOB) sales sector was in the midst of a decades-long hot streak. Debt was flowing for almost anything healthcare-related. Portfolio sales were all the rage. Value-add deals […]
Feature Story: Strategy, patience and relationships
Jarrod Daddis shares NexCore’s formula for succeeding in tough times By John B. Mugford Whenever times have been tough in the market or deals have not necessarily gone as planned – which can happen to any organization – the professionals at NexCore Group LLC have rolled up their sleeves and relied on the creativity and […]
Feature Story: Providers’ financial squeeze is affecting HRE
Real estate strategies are getting increased scrutiny, Connect Healthcare panelists say By John B. Mugford For many healthcare providers, reimbursement rate adjustments are lagging behind rapidly increasing costs, and that financial squeeze is affecting their real estate strategies. “The one thing that is pretty universal for health systems is that our cost structure is going […]
Feature Story: Uncertainty creates financial market opportunities
Financial professionals discuss creative strategies, including ‘dequity’ By John B. Mugford When a group of financial professionals gathered recently to discuss the state of the healthcare real estate (HRE) capital markets, Gary Bechtel, CEO of Grand Rapids, Mich.-based Red Oak Capital Holdings, had this to say: “I’ve been in this business for a while, and […]
Feature Story: The HRE sector is busier than you might think
The credit crunch continues, but many deals and developments are still getting done By John B. Mugford 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 […]