This Week in Healthcare Real Estate – 11.24.17

Healthcare Real Estate News

Medical Real Estate Transaction Activity at Record Levels , Will it Continue?
The medical real estate sector is seeing increasing levels of transaction activity, particularly across hospital real estate and medical office buildings. The graph below details the general trend but preliminary data from Revista for 3Q17 shows annual (TTM) transaction volume of $5.7B for hospital real estate and $14.1B for medical office buildings… Revista

Medistar looks to position new medical tower next to Texas Medical Center
Medistar Corp. has announced plans to strategically position a new medical tower immediately adjacent to the Texas Medical Center, an immense medical complex with 50 million square feet of buildings on 1,345 acres that supports 10 million patient encounters annually… Healthcare Finance News

Construction of non-health system affiliated MOB space soars in 2017
Prior to the onset of the Great Recession, the medical office building (MOB) market was coming into its own as an asset class.In garnering plenty of new attention from investors and capital sources, sales of MOBs were booming, as were new development projects… Revista

Urgent care is latest retail prescription for landlords
Once an upstart with its self-service, low-priced footwear retail concept, Payless ShoeSource has struggled of late. But even before the retailer filed for bankruptcy protection earlier this year and announced the closure of up to 22 stores in New York City, an unlikely savior had swooped in: urgent care. As landlords face rising vacancy rates across the city, urgent-care centers… Modern Healthcare

Texas Medical Center joins a growing list of health systems with venture funds
Texas Medical Center’s launch of the $25 million TMC Venture Fund adds the organization to a growing list of institutions that have made investing in early stage healthcare startups part of their strategy for cultivating innovation across their networks. TMC has connected the venture fund to its 3-year-old accelerator and other sources of entrepreneurship in its community… MedCity News

Will Outpatient Growth Come from On or Off Campus In 2018?
The Revista mid-year 2017 construction report says to expect 20.9 million square feet (SF) of MOB deliveries in 2018, which would be a rise of 10% over 2016’s 19.0 MSF delivered. And overall, 64% of the MOB expected deliveries in 2018 are expected to be off campus. That is up from 54% observed in 2014. So, its safe to say that more and more MOB deliveries are moving off campus… Revista

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