Healthcare Real Estate

Making it convenient for the consumer is a relatively new topic for the healthcare system, said panelists at the recent RealShare Healthcare, but is important to consider looking forward.

This year, the medical office market has posted three consecutive quarters of rising occupancy rates and total absorption of more than 107,000 square feet.

NAIOP Philadelphia will focus on advocacy, education and diversity under its first woman president, Lauren Gilchrist, SVP and Senior Research Director at Jones Lang LaSalle.

Presby's Inspired Life is also opening Cantrell Place in South Philadelphia, a new construction project, at the end of 2018.

The company tapped Freddie Mac's new Structured Pool Transaction Program.

Norriton Medical Center is located near the area's largest hospitals, Einstein Medical Center Montgomery (1.4 miles) and Suburban Community Hospital (0.8 miles).

Certainly, there are risks when it comes to owning a net lease medical property and due diligence is essential but the future is bright for the sector.

The partners say the redevelopment plan calls for the office plaza to be converted to medical and “creative” office space that would support lifestyle uses, such as senior housing. Upon completion the project will be called “The Well at Sunset.”