SAN RAMON, CA—With healthcare systems vying for market share while trying to manage member health and a legislative environment that keeps everyone guessing, amid record numbers of developments throughout the country, John Pollock, CEO of Meridian, says it's an exciting time to be in healthcare. He recently discussed healthcare investment and areas with the most activity in the first of a two-part exclusive.
GlobeSt.com: Are healthcare investments following a certain trend line or is it specific to geography?
Pollock: It is hard to imagine that we will see another year like 2017. The sales activity in 2017 hit a high-water mark as capital continued to pour into the sector and owners were persuaded to become sellers. Prices rose, cap rates compressed and the sub-5% cap sales price was not uncommon for the most prized assets. Transactions exceeded $10 billion in 2017 and included the Duke Realty portfolio sale, which was $2.7 billion alone. There were several other smaller portfolio sales that also contributed to the sales velocity.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
