SCOTTSDALE, AZ—For Jon Boyajian, a principal at Echo Real Estate Capital, the biggest change in the healthcare real estate space has been the influx of investors, brokers and capital providers getting into the healthcare space. At the GlobeSt. Healthcare Real Estate conference opening session, he said that the trend began before Covid, but has since accelerated.
"And the trend is here to stay," he said, because of the resiliency of medical office.
But as interest intensifies, some investors are miscalculating what is a quality product—and they are being helped along this path by owners who are marketing questionable properties. Namely, some office properties with a medical office tenant are rebranding to generate investor interest. In some cases, properties with as little as 25% medical office are being marketed as healthcare. "All you need is one medical office tenant, and it is trying to be pitched as a medical office deal," Boyajian told GlobeSt.com in an earlier discussion. "It may have insurance offices, marketing firms, accountants and a smattering of other office uses, but if you have one healthcare tenant, it is being billed as a value-add medical office deal."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
