Nov
18

Health Care Real Estate Strong despite Downturn

By
November 17, 2008

By Amy Wolff Sorter – GlobeSt.com

Even with a poor economy, health care real estate deals can be conducted. Getting the deals done, however, takes persistence, patience, and the willingness to do the small deals to start and to build relationships.

A close to standing-room-only crowd of 300 gathered at the Four Seasons Resort and Club Nov. 14 at the inaugural RealShare Medical Office Buildings to hear the “how-tos” of working with medical office buildings, health centers and other health care real estate. The good news is health care systems are realizing their core businesses is medicine, not real estate.

Additionally, “Health systems are looking for alternative sources of capital,” says Ron Long, CFO, Texas Health Resources in Arlington, TX. “They’d like to shed some of their non-core assets to get it.” Even better news is that sales are still strong in this market, though not as hot as in previous years.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.globest.com/news/1289_1289/dallas/175245-1.html

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