Healthcare Real Estate Articles

Healthcare Real Estate Content from The Tenant Advisor

The Increasing Importance of Real Estate in Healthcare
Healthcare providers are dealing with a myriad of challenges in the face of softening admissions, changing consumer expectations about healthcare, tight operating margins, shrinking budgets and shifting policies. While facing these challenges many health systems are looking to expand their access points to capture more patients and drive referrals. This translates into a more distributed real estate footprint… read more

Are There Too Many Free-Standing ER’s in Texas?
In October of 2015, I posted an article titled, “Texas is the Epicenter of the Free-Standing Emergency Department Phenomenon.” The premise of the article was to discuss the proliferation of free-standing emergency facilities in Texas. There are an estimated 400-500 free-standing emergency facilities (FEC’s) in the United States and over 200 are located in Texas. In Texas, free-standing emergency centers are clustered around major metropolitan areas such as Houston, Dallas-Fort Worth, San Antonio and Austin… read more

The Nuances of Leasing Medical Office Space
Medical users and physician practices don’t typically relocate to new buildings as often as general office tenants. However, the competition for new patients is increasingly steering physician practices to non-hospital campus properties as they seek more conveniently accessible locations for their patient base… read more

Medical Office Has Never Been This Hot
The healthcare sector is increasingly on the radar of institutional real estate investors as the amount of capital pouring into the medical office building sector is robust. The interest in medical office investment has steadily increased in recent years and appears to be intensifying based on the number of large medical office building portfolio sales announced so far in 2017… read more

Retail Dimensions of Health Care Report Part I
The world of retail today is all about adapting to the rapidly evolving needs of consumers. Now, other industries are beginning to adopt the retail mindset — both in terms of developing a responsive, customer-centric approach and a retail-centered location strategy. Health care is one of the primary frontiers… read more

The Rise of Urgent Care
Consumer demands for more convenient healthcare is driving a shift in the real estate strategies of health care providers. This includes moving to what is perceived as more convenient locations, which are increasingly in retail settings. Urgent care clinics are a response to the shift from inpatient to outpatient care… read more

Leasing Retail for Medical Use
Consumer demands are driving a shift in the mindset and strategies of health care providers. This includes moving to more convenient locations, which are often in retail settings. As the disciplines of healthcare property selection and retail real estate merge, healthcare providers should keep a few issues in mind as they evaluate repurposing traditional retail property…. read more

Hospital System Real Estate Strategies for Primary Care – Part One
Population Health Management and the transition of healthcare delivery is driving new corporate real estate strategies as Health Systems are increasingly building or leasing new outpatient facilities for treating patients outside the hospital campus setting, often in suburban markets… read more

Big Data and Healthcare Site Selection
Today, healthcare providers face a variety of uncertainties due to expanding regulations, shifting demographics and increased competition. In part one of this series we looked at some of the real estate challenges health systems face in delivering primary care and outpatient healthcare services to the markets they serve. Historically, primary care physicians… read more

Should I Own or Lease My Office Space?
This is a question I have heard many times from clients over my 20 year career, typically when lease rates are at historical highs or property values drop and begin to look attractive. I think without question that recent economic and real estate market conditions have created opportunities for corporate users to acquire properties for their operational use with attractive financial terms… read more

Healthcare Goes Suburban Retail
The retail health clinic and urgent care center market is growing rapidly as consumers prefer to have their physician, urgent care and ambulatory healthcare services closer to where they live. While medical office buildings on or near hospital campuses are still very much in demand, urgent care clinics and freestanding EDs are quickly popping up in fast-growing suburban areas located in shopping centers… read more

Health Systems Drive Leasing Activity as Physicians Move to Hospital Employment
There are many trends in the healthcare real estate industry; one of the more significant ones is the growing number of U.S. doctors that are leaving private practice for hospital employment. Recent changes in healthcare due to the Patient Protection and Affordable Care Act (ACA) has forced many independent physicians to opt for hospital employment due to the financial pressures of running a private practice… read more

Houston Methodist Hospital is the Top Owner of Healthcare Real Estate In Houston
Healthcare real estate research firm Revista has released an update to it’s List of Top 50 Healthcare Real Estate Owners in the United States. Houston Methodist Hospital is ranked the top owner of healthcare real estate in Houston with $4.2 billion in real estate assets which represented 12% growth year over year based on 2016 data. Houston Methodist ranked number 26 overall in the United States… read more

Houston Medical Office Building Sales
The healthcare sector is increasingly on the radar of institutional real estate investors as the amount of capital pouring into the medical office building sector is robust driven by the recession-resistant fundamentals of this asset class and consistent rates of return. Nationally, publicly traded Healthcare REIT’s have been the most active buyers of medical office buildings in 2017 and that has been the case in Houston as well… read more

Houston Methodist Woodlands Hospital Campus Opens
Houston Methodist is set to open its new 187 bed hospital campus in The Woodlands on July 1st concluding a three year construction schedule. The project for me personally began over 5 years ago when our long-time client Houston Methodist Hospital sent me to the Woodlands to begin a preliminary site search for a new hospital campus. In addition to the 59 acre primary parcel acquisition, the assignment also included the acquisition of the 41,000 square foot adjacent shopping center and several contiguous smaller parcels… read more

$7.7 Billion in Outpatient Healthcare Development Completed in 2016
A total of 35.7 million square feet of medical office buildings (MOBs) and other outpatient projects were started or completed last year, according to a newly released survey from Revista in collaboration with Healthcare Real Estate Insights… read more

Texas is the Epicenter of the Free-Standing Emergency Department Phenomenon
The retailization of healthcare is a much discussed trend in medical real estate circles. Increasingly consumers are using retail clinics and urgent care centers as their first point of entry to the healthcare system and urgent care and ambulatory care facilities are a low cost alternative to hospitals’ emergency rooms where rapidly escalating overhead costs and long wait times are the norm… read more

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