| No really—that's something Health-Pro Realty Group's Chuck Feitel wants to understand. Chuck will chat with Johns Hopkins Medical Management's Gill Wylie, HCP's Christian Weber, and others atBisnow's Baltimore Healthcare Real Estate Summit on Aug. 22 to get to the bottom of this and others of life's great questions (including: why did the MOB investor cross the road?). |
| It's an odd question coming from a healthcare property broker, but Chuck wonders how investors are handling projections of decreasing revenues for physicians with the top dollars MOBs are commanding. He's seeing 35 investors enter bidding wars for such properties, but once a winner takes over a building, lease negotiations don't always work out as hoped. Chuck tells us landlords are reluctant to put, say, $200k into a 2,000 SF buildout without a tenant signing up for a long-term lease (say 10 years). Physician tenants, meanwhile, are in panic mode, wondering whether they'll even be in business in 10 years (they should all consider podiatry, it's very lucrative if you can get past touching feet all day) and considering switching from the AMA to the ABA. |
| Of course, money is cheap nowadays, plus institutional investors can pay all cash. They're looking for a place to park it, and the long-term outlook is healthy since Baby Boomers will want to stay that way. In the meantime, Chuck says, landlords and physicians both are having to compromise, deals are taking longer, and brokers have to know a whole heckuva lot more than in the old rubber-stamp lease days. To hear more from Chuck, Gill, Christian, and Zenith Capital Holdings CEO Mike Gibble, sign up for our BisnowBaltimore Healthcare Real Estate Summit. |
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