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Some investors are seeing on-campus medical office assets as a safe harbor during these challenging economic times. Limited availability of the sector has led to its pricing to uncustomarily exceed that of off-campus assets in Q1 2023 for the first time since Q1 2020.
The 48-hospital Catholic system, has teamed with Compass Surgical Partners to develop more than 30 ASCs across multiple states which includes Kentucky, Ohio, South Carolina, Virginia, Maryland, New York and Florida. The network could expand into other states, such as North Carolina.
In April, Royce City awarded a $925,000 cash incentive to NexCore Group for the development of the Hunt Regional Healthcare Medical Office Building, a 70,000-square-foot facility. The project involves a $20 million capital investment. Delivery is expected in the fall of 2024.
MedSpace USA is a national healthcare real estate development firm based in Florida offering a full range of development services.
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