Healthcare real estate investment trusts raised a record $7.5 billion in capital in the first six months of 2012, outpacing previous record years, according to an analysis by Jones Lang LaSalle. The $7.5 billion in capital represents more than 65 percent of the $11.3 billion HCREITs raised in all of 2011 and 80 percent of the $9.2 billion HCREITs raised in all of 2010.
Medical real estate continues to stay healthy as healthcare demographic and financial markets remain favorable. Consistently outperforming other real estate sectors, medical office building (MOB) investment continues to thrive as hospital executives are moving ahead with projects that were on the drawing board. Third party developers like myself, especially now, are bringing much of the product to market, as hospitals are reallocating capital budgets.
While new medical office buildings have been added to the landscape across the country, the ongoing trend toward larger multispecialty practices is driving the need for supersized physician spaces. These new facilities need to be big enough to house far more than a single physician group, yet still inviting enough to make patients feel comfortable, and functional enough for clinicians and staff. Poorly designed space can discourage the very collaboration necessary in the post-reform environment of patient-centered care, observers say.
The Patient Protection and Affordable Care Act is changing the way insurers do business. A few years from now, you may see your health plan in a different light. You might even decide you like it — even if it’s not that much more affordable. But it’s not all good news: Future employers are also expected to shift more costs to employees, and consumers will generally take on more of their healthcare expenses.
Already nicknamed St. Anthony North North, a new medical facility in Westminster will soon provide a variety of health-care services for residents in the north metro Denver area. The 48,000-square-foot facility, located right off Interstate 25 at 400 W. 144th Ave., features state-of-the-art technology, and comprehensive ambulatory and emergency services. The pavilion will have a 24-hour emergency department staffed by board-certified emergency physicians and trauma-related nurses; an advanced imaging center offering diagnostic services including MRI, CT, ultrasound, digital mammography and general radiology; 24-hour-a-day, seven day-a-week service; laboratory services and helipad for critical-care transport by Flight For Life Colorado.