Up Close with PMRG's Glen Perkins

Developing about $366M of healthcare projects in the ‘burbs in the last 10 years, PMRG's Glen Perkins will finish this year having developed about 30 freestanding ERs across the southwest. (Breaking your leg just got that much more convenient.) And, because of the Affordable Care Act, PMRG will be building even more healthcare facilities.

Glen, who’s been working in commercial real estate since the ‘80s, says the addition of 32 million more insured people through the Affordable Care Act means providers need more space to serve more patients. Couple that with an aging population and Glen sees constant need. ULI studies indicate that in 10 years, there will be a need for an additional 65M SF of healthcare facilities to meet the growing demand for services.

Glen (here after elk hunting in Colorado) tells us hospital systems started moving out into residential communities as a way to make healthcare more convenient to patients and expand their reach, as well as to save costs. PMRG initially worked with a physician group to build the 56k SF Tuscan Professional Building in Las Colinas. That’s often still considered the optimal size for these MOBs, Glen says, because larger buildings are harder to fill with small-scale physician practices.

Many specialties are making the move to the outlying areas, too, he says. The freestanding ERs are a good example. He's building them across the Metroplex. He’s also just completed the second phase of the Forney Medical Plaza (pictured). A 90k SF medical facility in Rockwall that PMRG developed was so successful that Texas Health Resources selected an adjacent site to build its new regional hospital, he tells us. Glen just returned from a major elk hunt and loves to head to his second home in Steamboat when he has the opportunity to escape the office.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

KKR-Affiliated Data Center Developer CyrusOne Names New CEO

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent