PHOENIX—Find out the major transactions and developments that have been completed across the country from the experts on the ground across the regions. David Lari, partner, Cox, Castle & Nicholson is sitting on the panel Finding the Deal: Exploring Transactions Geographically and he shared his knowledge of the panel with GlobeSt.com.
Moderatingthe panel is Michael Bennett managing director HFF. Joining him are other panelists Stefan Oh, senior vice president of acquisitions, Griffin-American Healthcare REIT III; John Marshall vice president, national healthcare strategy and development, Duke Realty, healthcare; John Smelter first vice president investments, Marcus & Millichap senior director, healthcare real estate group Marcus & Millichap; Erik Tellefson, managing director, GE Capital, healthcare financial services.
“We are going to be discussing healthcare real estate from a geographic context,” Lari tells GlobeSt.com. “With national investors, if a good asset is tied to a good system, geographic region is generally not a major consideration. Other investors are really tied to certain areas such as major metropolitan areas, like San Francisco and New York. Geography has more to do with major market versus secondary markets, though most sectors are pretty strong.
“Healthcare withstood the downturn very well. Other classes have rebounded as well, but healthcare has generally been far more stable. The lows were not as low and the highs have seemed more stable,” continues Lari. “Healthcare as a whole appears pretty strong. REITs have been active players and will likely continue to be robust in 2015.”
RealShare Metro Phoenix and RealShare Healthcare Real Estate will be held December 15-16 at The Phoenician in Scottsdale. Registration for RealShare Metro Phoenix and RealShare Healthcare is available via these links.
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