This is the web version of a feature that originally appeared in Real Estate Forum magazine. To see the story in its original layout, click here.
The healthcare industry is undergoing tremendous change right now. Naturally, so is the healthcare real estate sector. Everything from the way space is used and designed, to where it's located or how it's bought and sold, is in a state of flux.
Indeed, the changes underway in the sector are significant and the wrong move by a company could mean the difference between thriving or merely surviving. Policy changes in the government have had a seriously effect on certain asset classes like skilled nursing, while other legislative initiatives, such as the Affordable Care Act, have given new life to medical office buildings.
Healthcare dynamics are also driving such trends as the decline of hospital development and the subsequent increase in outpatient facilities, many of which are locating in retail settings to the delight of the retail landlords. We are even seeing situations in which the adaptive reuse of retail space that has gone dark attracts a medical tenant.
At the same time, the size of the healthcare economy cannot be overstated. Currently the sector accounts for 17.9% of US GDP, according to JLL, and more growth is expected. Perhaps even more significantly, healthcare employs an enormous number of people. Today 12.2% of the nation's workforce is in healthcare and another 18% increase is expected over the next decade.
These increases in spending and workers will, no doubt, usher in yet another stage in the evolution of the sector. As it does, you can be sure we will be following the reactions of the influencers on these pages, and those following in their steps.
INFLUENTIAL HEALTHCARE PROFESSIONALS
Lorie Damon, Cushman & Wakefield
Mark A. Davis, Davis
Ron Krauskopf, Investors Bank
Mary Beth Kuzmanovich, Colliers International
INFLUENTIAL HEALTHCARE ORGANIZATIONS
Anchor Health Properties
Avison Young
Caddis
CBRE
Healthcare Real Estate Capital
HSA PrimeCare
Kimmerle Group
Marcus & Millichap
Montecito Medical Real Estate
Plaza Cos.
Rendina Healthcare Real Estate
Ryan Healthcare Real Estate
Simone Development
Trammell Crow Co.
Transwestern
Ventas
Welltower Inc.
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Sule Aygoren
Aygoren oversees the editorial direction and content for ALM’s Real Estate Media Group, including Real Estate Forum and GlobeSt.com. In her tenure with ALM, she’s held roles of increasing responsibility, including Managing Editor. Aygoren has received several awards for her coverage including Best Trade Magazine Report from the National Association of Real Estate Editors and the James D. Carper Award for Young Journalists. Under her direction, Forum has received four national NAREE awards for Best Commercial Real Estate Trade Magazine.
