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Philadelphia Commercial Real Estate

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.

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