NEW YORK CITY-Strong employment growth in the healthcare sector is one of the prime benefits to come from the Affordable Health Care for America Act—ObamaCare in short form. That is how Scott Peters sees it, and in a recent exclusive interview with GlobeSt.com, he explained his views on the act as well as where he sees the market going in the near term.
Peters, president, chairman and CEO of Healthcare Trust of America, which went public just a year ago, calls the law a “Game-changer.” He cites predictions that over the next decade, healthcare-related employment will grow greater than 70% faster than the broader economy, directly because of the law. "In absolute terms," he says, "healthcare employment is projected to grow 24% versus only 14% for all of the US."
The trust, of course, really doesn't need the artificial boost of legislation, and it enters the second half of the year with a strong track record, including a 23% hike in 2012 FFO. He talks about the firm's performance along with the market-leading returns of the healthcare REIT sector as a whole, in the accompanying video.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
