Capital markets have changed this year — and medical office isn’t immune to those shifts. Buyers are now taking a closer look at credit, lease terms and location. With inflation looming in everyone’s mind, assets that have strong rent increases are experiencing stronger activity.
Construction on the multispecialty medical office building on the hospital’s campus will begin in 2023, A portion of the 102,000-square-foot building will house The Ascension Saint Thomas Cancer Center, a new cancer partnership with Tennessee Oncology.
The facilities, which consist entirely of ambulatory surgery centers, are located in Texas, Arizona, Michigan, Illinois, Missouri, Tennessee and Florida. Nearly all of the tenants leasing space within the portfolio specialize in health care, with three quarters of them in top five national surgery centers and health systems.
The study was measured by calculating the business transactions of all industries within the Dallas-Fort Worth Hospital Council’s region and the state. The numbers clearly demonstrated that DFWHC-member hospitals are major players in economic development in Texas.
Despite the proven resilience of the HRE sector, a group of industry executives acknowledged that there could be some bumps in the road, at least in the short term.