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SAN DIEGO-The major trends in healthcare that will impact healthcare real estate are the aging population and decentralization of healthcare away from hospitals and out into the community, say speakers at last week’s panel “Health Care Consolidation and Decentralization: Land Use Perspectives on the Development of Wellness Facilities” during the ULI Spring Meeting here. These two macro trends will have a bearing on the types of healthcare facilities that will be built and where they will exist.

Moderator David Waite, a partner with Cox Castle & Nicholson LLP, said that the fact that the 65-plus generation will expand by 35% in the next 10 years means healthcare for seniors will account for a significant portion of the care being given, especially since half of healthcare expenditures in the average person’s lifetime occur after age 65. In addition, the Affordable Care Act is making health insurance available to an additional 30 million people who were previously uninsured, necessitating an additional 91,500 physicians by the year 2020. This will mean more healthcare space to house them.

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