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June - 2017
Written by: Garth Hogan, Executive Managing Director, Global Healthcare Services
Transformation and Evolution - The Newmark Knight Frank Global Healthcare Services team attended the 2017 conference in full force this year while BOMA had record attendance of over 1,200 in Denver Colorado. Compliance, leasing, trends in healthcare design and development strategies were some of the subjects covered.
Finishing work on big projects in Detroit, El Paso and San Antonio, Tenet Healthcare Corp. is about to throttle back capital spending for hospitals to the tune of $150 million. Tenet's 2017 capital budget is expected to range between $700 million and $750 million.
Dotting the landscape throughout this country are underutilized or shuttered health care facilities. Although there are no hard data detailing their provenance, many likely were built between the late 1940s and late 1980s and can be traced to the Hill-Burton Act of 1946, which ignited a health care building boom.
Investment Summary. We attended REITWeek 2017 in New York, NY, from June 6-8, and held meetings with management teams in Industrial, Lodging, Multifamily, Manufactured Homes and Self-Storage sectors. Below we highlight sector-level themes based on those discussions.
