When Welltower recapped its 24-asset medical office portfolio earlier this month, it proudly noted that 97% of the buildings were affiliated with health systems. This indeed is an important data point in calculating income streams and figures prominently in most acquisition criteria.
A new JLL survey, though, points to other criteria that should also be considered not only in acquisitions but also in the development of these assets.
In its study, JLL found that 83% of patients surveyed would eschew driving to a new or renovated facility to be near their care. In fact, 71% of respondents drove less than 20 minutes to their medical service. Only 36% checked reviews before their appointment.
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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.
