Colliers Forms South Florida Healthcare Investment Sales Division

Colliers has promoted Kim Kretowicz to senior managing director, the company announced last week.

Kretowicz will lead a newly formed Healthcare Investment Sales division with the South Florida Investment Services Team.

She will continue to focus on healthcare investment sales at a national level out of their Boca Raton office.

“Colliers already had a presence in the South Florida healthcare market, but the recent expansion comes at a time when Florida is seeing robust growth,” Kretowicz tells GlobeSt.com.

As population increases, “the need for healthcare increases with developers and investors in tow due to the strong historical performance that medical office buildings have demonstrated,” Kretowicz said.

Florida’s population in 2022 will stand at more than 22 million residents, trailing only California and Texas in size. At the highest estimate, Florida’s population is projected to increase by 6 million people for a total population of nearly 26 million by 2030, according to Colliers.

Previously Kretowicz was with Colliers in the NY Tri-state market, where she specialized in Medical Office (MOB) acquisitions, dispositions, joint ventures, and physician sale/leasebacks at a national level. Kretowicz’s deal volume has been more than $200 million in the past three years.

“I joined the South Florida Investment Sales team to lead the Healthcare Investment Sales division, bringing national exposure and connections from my role as a fellow with Colliers National Healthcare Services Group,” Kretowicz said. “There is significant synergy with the Tri-State healthcare market, where I was previously based, and the Florida market.”

Strong Outlook for MOB

In its Q3 Healthcare Services report, Colliers described the outlook for medical office buildings (MOB) as “well-placed to weather the storm.”

“Underlying business fundamentals for medical tenants are stronger than a typical office user, which reduces concern over future income streams,” according to the report.

“There is greater stability in demand for medical services and, potentially, pent up demand from procedures canceled or postponed during the pandemic. In addition, U.S. Census data estimates that one in five Americans will be 65 or older by 2030, rising to one in four by 2060, thereby under-pinning demand for medical office facilities.”