NEWMARK KNIGHT FRANK

NKF GHS WRAP’S UP PHOENIX OPEN WITH HEALTHCARE Q & A

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As the festivities come to an end, Newmark Knight Frank Global Healthcare Services would like to thank our clients, team members, NKF and Cantor Commercial Real Estate for a great WM Phoenix Open. We asked Garth Hogan, executive managing director of Global Healthcare Services to give us a short high level overview of the biggest trend impacting healthcare real estate today on a national basis. His response:

Taking a broad look at this question on a national basis there are a number of changes trending in healthcare real estate. As hospitals continue to consolidate into regional and national health systems, we’re finding that the C-Suite is really starting to take notice of how real estate impacts the overall capital stack and ultimately has an effect on credit ratings and cost of raising money through the bond markets. This has created demand for high level real estate strategy and implementation, which has resulted in improved utilization of space and in some cases, monetization of assets.

In addition to better utilization and monetization of real estate, hospitals and health systems are starting to look at new construction to build medical office buildings that address both the increased aging population and additional insured patients through the Affordable Care Act (ACA). Outpatient ambulatory care strategy is becoming an important part of any hospital executives day. How they deploy this strategy and speed to market, will become a defining factor of future success for providers.

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2017 Healthcare Real Estate Outlook