Healthcare Real Estate

Senior living communities are making adjustments to programming and activities to keep seniors safe, according to STG Design, but could design of these facilities really make a meaningful difference?

Between three different locations, the facility will have the capacity to care for up to 3,000 patients and will be made fully operational in a series of phases in order to accommodate increased demand for care as quickly as possible.

Jamie Fleming, CEO of Seattle-based Altoura, is providing his company's software licenses for free and discounting its design services due to the very real dangers and pain COVID-19 has caused in his own back yard.

The city's Health Department notes that the defined use and management of the site has not been determined as yet. The facility could be used to care for COVID-19 patients or to relocate low-acuity patients from area hospitals to open more beds at those facilities.

Colliers' Michael Brown cites land availability, transportation infrastructure and science coming out of the region's universities.

The largest transaction was the 21,895-square-foot lease extension with St. Joseph's Hospital at the 68,000-square-foot office building. Dentistry for Children also recently signed a new lease for 5,050 square feet at the complex.

"On the medical side, there is huge demand and that side of the equation is ramping up to battle this virus."

As social-impact investors rise, there are ways funds can adjust.