The medical office sector hasn't been immune from issues caused by COVID-19. But Kyle O'Connor, president and founder of MLL Capital, would still rather be in that commercial real estate asset class than any other part right now.
"The medical health care sector and the science sector seems to be holding up a bit better than some other property types," O'Connor says. "Certainly, hotels or retail are having a different experience. For us, it's one of the reasons why we liked the sector and continue to like it a lot. We viewed the asset class as having a number of supportive features associated with it."
Still, there are issues in the medical sector. "A lot of people are very concerned that the risk of catching something in the doctor's office might be greater than whatever the issue in the house," O'Connor says. "Over time, I think the expectation is that it will dissipate, and the need for those basic health care services will resume.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
