Land Advisors Organizationrecently launched a dedicated healthcare advisory group just intime for what will likely be a boost in healthcare activity.According to the firm, the pandemic will give a greater priorityfor healthcare needs throughout the region. As a result, the firmexpects more hospital restructurings and investment in healthcareinfrastructure this year.

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"We expect that there will be a heightened awarenessand greater priority given to ensuring the healthcare needs of ourcommunity are evaluated and plans are developed to addressgaps and restructure various aspects of the healthcareinfrastructure around the state," Greg Vogel,founder and CEO of Land Advisors Organization,"tells GlobeSt.com.

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It isn't only Phoenix paying attention to healthcare needs.Municipalities throughout the state have shown an increased needfor better healthcare networks. "We have been hearing frommunicipalities and systems as well as medical providersseeking input from us on what makes sense for the short andlong-term needs of the community," says Vogel. "I expect morecities and counties will be making these evaluations." The Phoenixarea was already a hotspot for healthcare real estate as a resultof tremendous population growth over the last three years. Thepandemic is accelerating activity in the sector.

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In the last year, healthcare properties have moved into retailcenters to be closer to residents. Now, developers are alsointegrating the asset class into master-planned communities aswell. "Master-planned community developers and builders areresponding to a heightened interest by their customers to wanthealthcare facilities in close proximity to their homes," saysVogel. "As a result, I will not be surprised if medical officespace and related facilities become amenities for residentialdevelopments."

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This will be part of the new healthcare team's focus, mergingboth the needs of operators and addressing community needs and gapsin treatment. "Our focus will be on helping the healthcare sectorto evaluate and develop plans that address the healthcare needs inthe community, particularly as we come out of COVID-19," saysMike Brinkley of Land Advisors. "We recognize thatthere will be some changes in the healthcare landscape as a resultof the pandemic, and we will work with our clients to align theirplans to this new normal. With access to the information and datathat we track, we want to be a resource to clients on theirstrategy for addressing these needs and provide as much support aswe can in the healthcare sector."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.