The Pros And Cons Of Healthcare Real Estate
Real estate investments for the healthcare industry come with a variety of challenges.
More than 210 industry pros found out just how challenging at the recent Bisnow LA Annual Healthcare Expansion Forum at the LA Athletic Club in downtown LA.
Glendale Adventist Medical Center director Steven Stubbs, IRA Realty Capital principal Samir Patel, Ventas senior investment officer Philip Kayden and Snyder Langston VP Lee Watkins gathered to discuss the topic on a panel moderated by Fox Rothschild partner Mark Levinson.
Mark asked the panelists to talk about healthcare investments and their companies' strategies.
Ventas acquired a for-profit healthcare system, Ardent Health Systems, last year.
Philip said his company's strategy is to partner with leading systems and work hard every day figuring out how to expand its network.
Everyone "is trying to partner with the City of Hope," Steven said. "They’re so good with cancer care."
Some clients are “pushing the envelope” when it comes to how care is delivered, offering virtual waiting rooms and using text messaging to schedule appointments, according to Lee.
With renovation, it boils down to how to provide the best patient care experience, he said.
Samir said IRA Realty Capital recently debated bringing a medical tenant into a shopping center.
The question becomes whether there is synergy with having a medical tenant there.
He said parking is the No. 1 issue.
