SCOTTSDALE, AZ—2017 was a good year. That is according to Darryl Freling, managing principal of MedProperties Holdings LLC, who was referring to both his company, as well as the healthcare industry.
According to Freling, who will serve as a panelist at the upcoming RealShare Healthcare event, held at the JW Marriott Camelback in Scottsdale, AZ, things were good in 2017 despite the controversy in Washington regarding the ACA.
He tells GlobeSt.com that “While we expect the strain on the insurance markets to continue, we nevertheless believe that 2018 will be again be a good year for the healthcare real estate market. With no major moves in interest rates expected, and new capital coming into the space, we expect demand for product to remain high, with cap rates stable, if not compressing somewhat further for class A product.”
He adds that “Hospital system's ambulatory strategies will continue, with new, hospital affiliated, hybrid facilities consisting of MOB, ASC and urgent care components being developed in suburban locations.”
The RealShare Healthcare event will bring together more than 400 of the industry's top owners, investors, developers, brokers and financiers as they gather and share their insight and outlooks for the marketplace for the Healthcare event of the year. Also, keep an eye for the upcoming November/December issue of Real Estate Forum, where we five deeper into legislative issues and future of the sector.
David Wilson, president and EVP of CCIM & Lockard Development Inc., who will lead a panel discussion on healthcare's shifting facility needs, plans to discuss regulatory issues and the changes in continuum of care continue to effect the way healthcare systems are delivering services from traditional MOBs and hospitals to post-acute facilities, freestanding emergency departments, long-term and skilled nursing facilities and more. He tells GlobeSt.com that he is “really looking forward to getting back to the RealShare Healthcare Conference in Scottsdale in December. This has always been a tremendous event. The relationships that have been built there over the past several years have been incredible, and deals have gotten done because of it!”
He adds that for his panel specifically, “We have a great lineup of panelists including: Michael Noto, SVP, Real Estate Services of Welltower, Daina Pitzenberger, SVP – Healthcare Advisory Services of Transwestern, John Trabold III, Managing Director – Real Estate Valuation Services at VMG Health, Julie Johnson, Principal – Health Care Affinity Group at Avison Young and Michelle Caron, Director of Facilities at the Abrazo Arizona Heart Hospital. We will be looking at discussing the creative and innovative solutions for the healthcare systems of the future.”
Click here for more healthcare coverage from other panelists at the upcoming event.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
