SCOTTSDALE, AZ—The GlobeSt. Healthcare conference held at the Andaz Scottsdale Resort on Tuesday brought together a panel of healthcare real estate leaders under the theme "State of the Industry: Impacts of a Disruptive Year." The panel discussed the perceived threats of an impending recession and examined whether the fear of a downturn still holds a grip on the economy. The consensus among the panelists was that, contrary to concerns, a recession has not occurred, and they predict that there won't be one in 2024.
"As a professional in the healthcare real estate space, a recession doesn't significantly impact the demand for healthcare services. The healthcare sector has proven its resilience," said Darryl Freling, managing principal of MedProperties Realty Advisors LLC.
According to Freling, the unique dynamics of the market during a recession helps healthcare real estate in terms of decreased interest rates which present opportunities. "In this upside-down world, interest rates decrease in a recessionary market, making deals more favorable so a recession isn't necessarily detrimental to the healthcare sector," he said.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
