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Monday, December 16, 2013

Day 6-Healthcare-12 Days of Why It's Great to be in Kansas City

Obamacare brought many changes to the healthcare landscape as different expectations were laid out for healthcare providers and thus, different spaces. This has affected commercial real estate as health care providers seek spaces that will accommodate their new responsibilities with Obamacare.

Changes in Healthcare
Obamacare is taking the medical industry by storm as it creates 32 million more patients covered by healthcare plans in 2014. This next year, physicians will begin to see an influx of patients and attempt to meet the demands of a changed market. Healthcare providers are predicted to continually be forced to expand operations to meet the growing demand of their services. This expansion will allow providers to seek out sources for retail outpatient clinics that are in more convenient settings.  Many primary care providers are already building and searching for settings in local shopping centers and business districts. Most likely, this will result in the development of small, clinic-based projects in retail shopping centers or business districts.  - See more with this CCIM post

How This Affects CRE
Healthcare real estate will have a significant advantage for the next decade. MOB’s are in high demand with aging baby boomers and new ACO models in place. Changes in health care will contribute to having a large enough mid-size markets to attract investors locally and regionally.Learn more here about Obamacare & its effects on CRE. Investors will be spurring with various opportunities to work aside and also represent a variety of owners with different investment goals. These opportunities will nurture health care leases, tenant relations, and geographical expansions as MOB’s seek additional locations. The partnership relationships that are formed will lead to tertiary markets in healthcare commercial real estate. This will allow providers in smaller markets to specialize and establish a more defined expertise in the health care commercial real estate services. BRES Healthcare Development is dedicated to MOB advancements-visit us here.

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Block Healthcare Development

Stephen Bessenbacher
Vice President,
Healthcare Development

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