The Retailization of Healthcare Delivery: How will Developers and Investors Respond?
National and Midwest-regional healthcare real estate developers, investors, capital sources and tenants convened for The Second Annual Greater Chicago Healthcare Real Estate Summit on June 18. The summit, held at the historic ADA Building in Downtown Chicago, brought together an active group of healthcare real estate firms and systems, including: Loyola University Health System, Metropolitan Chicago Healthcare Council, Illinois Medical District Commission and Ventas. According to H2C's P.J. Camp, who presented the morning keynote address, healthcare real estate remains a strong alternative to investing traditional property types, such as office buildings. However, Camp noted important trends to watch, notably consolidation in many sectors. "There is consolidation taking place between public and private entities - both in healthcare real estate and the healthcare industry, itself," Camp told the audience. P.J. Camp, Principal, H2C addresses an audience of active healthcare real estate developers, investors, capital sources and tenants at The Second Annual Greater Chicago & Midwest Healthcare Real Estate Summit. In addition, Camp pointed to other trends, including strong pricing/capitalization rates, new development and a renewed focus on wellness centers. Camp believed pricing will continue to be tight for healthcare real estate assets, with low capitalization rates. New development is picking up, according to Camp. "The development story is still very good across the U.S. The industry is building a model that allows rents to stay low. Ultimately, this will lead to speculative development." Finally, Camp noted renewed interest in the wellness…
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