Regardless of the economic environment, people still need medical care, which makes healthcare real estate stable and resilient. The medical office building (MOB) sector’s long-term leases and creditworthy tenants drive high occupancy, built-in rent escalations and predictable returns. That’s not to say healthcare real estate is immune to the challenges that other sectors are facing including higher interest rates and construction costs. Slimming margins and a tough financing environment are anticipated to continue in the sector through 2024-25.
Healthcare organisations are reassessing their real estate footprints to optimise real estate assets, consolidate space and vacate underutilised properties to reduce operating costs and increase revenue. There’s also a big shift towards “outpatient care” fueled by changing patient expectations, reimbursement challenges and technological breakthroughs. And the industry will continue to evolve, as healthcare delivery evolves and medical facilities become smarter and better designed to optimise patient care.
With this in mind, the 2nd annual Healthcare Real Estate Summit will bring together a cross section of healthcare real estate leaders— investors, developers, operators and health systems executives — to break down the complexities of the evolving landscape and develop solutions.
Join the Healthcare Real Estate industry’s top owners, investors, developers, brokers and financiers as they gather and share their insight and outlooks for the marketplace.