Healthcare REIT's Excellent Health

Healthcare REIT SVP Mike Noto tells us that its medical facilities team led $907M of medical office building investments in 45 properties and grew over 60 health system relationships portfolio-wide at years end. The division enjoyed a milestone year, achieving a top 5% ranking in the highly regarded Kingsley Index for Overall Satisfaction and top 10% in Satisfaction with Property Management. Beyond accolades, the Health Care REIT team also drove strong results. The companys MOB occupancy improved to an industry-leading 94.4%. The property management team signed over 267k SF of new leases in 2012 and achieved a tenant retention rate of 82%. For more info on our sponsor, click here.

Continue reading this story with a free account

Log in or register
Related Topics: Health Care REIT
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

4,500-Acre Data Center District Approved In Pennsylvania Town

Affordable Housing Giant Starts $180M Philly Push: The Philadelphia Deal Sheet

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders