Why Amazon and Bank of America Are Supporting Parkland’s RedBird Health Center

By almost any measure, southern Dallas is medically underserved, resulting in worse health outcomes Measurements of life expectancy, diabetes, asthma, insurance rates, and even COVID-19 outcomes are all lower for communities south of I-30.

The development of Parkland Health’s RedBird Health Center will be joining the fight against health disparity and has two massive allies in Amazon and Bank of America. The lack of insurance and quality healthcare options mean that Parkland Hospital’s emergency room is often inundated with patients whose issues could be solved in an urgent care or primary care clinic.

Parkland has the busiest emergency department in the country, serving 750 patients a day, often addressing symptoms of chronic health issues suffered by residents of southern Dallas county, where many households are at or below 200 percent of the federal poverty level. All this means that one of the best predictors of success, chronic disease, and life expectancy is one’s ZIP code, a troubling notion to the next generation.

A crowded emergency room is compounded by a lack of providers in southern Dallas, transportation hurdles, a need for child care, and other obstacles for a population that has been neglected for generations. The RedBird Health Center will provide access to needed services closer to home as part of the mixed-use development Reimagine RedBird. The center will be offering adult and geriatric primary and women specialty care, behavioral health for all ages, pharmacy, social work, and other services.

While most of what Parkland does is publicly funded, private philanthropy has significantly impacted the health center’s final version. That’s where Parkland Foundation Michael Horne comes in. A former charter school principal who started a KIPP Campus across the street from RedBird, Horne’s passion for the community and ability to advocate for its advancement have allowed him to secure critical partnerships. He wanted the foundation to be a part of what was happening and grow existing partnerships and add new ones But it isn’t as easy as asking for a blank check from Amazon or Bank of America. The conversations needed to be centered around a particular need that appealed to both sides of the equation.

Seeking the advice of community leaders and clinicians, the foundation found cancer identification as a key area to keep patients from arriving at the ER with stage III and IV cancer symptoms. Horne found a private donor to give $1.5 million toward mammography services and found willing partners in some of the nation’s largest companies. Using tools like Parkland’s Community Health Needs Assessment, Horne can tell a story to connect partners to the reality of health disparity in Dallas, looking for common ground.

“Companies have a series of pillars they want to promote from a corporate social responsibility standpoint,” Horne says. “I download that information and look for any kind of connective tissue between where they are globally and how they want to invest their billions of dollars and what they want to do in Dallas.”

In Amazon’s first partnership with the community health worker program, the company contributed $150,000 toward a community health worker program in the area. Amazon’s philanthropy is wide-ranging and worldwide, and the company was swayed by the data about uninsured rates in Dallas and felt like community health workers would be a targeted way to address a need. These workers would develop relationships in the community to educate and build trust, helping people identify and manage the disease and chronic conditions before they become emergencies. The workers would allow community members to utilize RedBird earlier and more often, identifying and addressing problems along the way.

“It’s all about community outreach and education around chronic health conditions, but it’s peer-to-peer, so the public health workers live in the community,” says Vickie Yakunin, Amazon’s external affairs lead in North Texas who met Horne while they were in the Leadership Dallas cohort. “That’s what builds trust between the community this new health clinic that opened up in the community.”

Bank of America has been a longtime booster of Parkland, and their $1 million anchor grant is meant to address the disparity in Southern Dallas. The gift will be used to bolster preventative and primary care services. Quality healthcare is essential for achieving upward economic mobility, which is one of BoA’s focus areas. When residents are consistently plugged into the health system, they are more likely to adhere to medications, avoid the hospital, and improve outcomes.

“The research highlighting the needs of specific ZIP codes in southern Dallas was impactful for BoA,” says Jennifer Chandler, the Head of Philanthropic Solutions for Bank of America and Dallas Market President. “If you look at the data, the transportation challenges, and the fact that they can help solve for that in an efficient way through the community, that was a standout for us.”

RedBird Health center wants to be a place in and of the community, offering connectivity to healthcare that doesn’t exist in large swaths of the city. The facility will balance quality services with education, outreach, and community involvement. Without the latter, the former won’t be accessed.

“Let’s teach you how to be stewards of your health, empower you with information that you want, and then we have a space you can come back to as your medical home,” Horne says.

 

Source: D CEO Magazine

National Real Estate Advisors And Catalyst Healthcare Acquire Two Medical Office Building Portfolios For $420 Million

Months after forming a $1.5 billion strategic partnership to invest in healthcare real estate across the United States, National Real Estate Advisors LLC and Catalyst Healthcare Real Estate have purchased two multi-state portfolios for $420 million.

The portfolios are 92 percent leased and consist of 40 properties totaling 1.2 million square feet spanning 13 states. Most of the assets are medical office buildings and 88 percent of the total leased space is comprised of health systems and regional physician groups. They were acquired from different unidentified sellers in transactions that closed this month and in December.

The properties are located in: Alabama, Arkansas, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, North Carolina, Tennessee, Texas and Florida.

In a prepared statement, Jeffrey Kanne, president and CEO of National said“The acquisitions significantly scale the investment manager’s medical office portfolio and furthers its geographic diversification. The transactions also underscore National’s commitment to invest in highly competitive, diverse markets for its clients.”

National’s investment portfolios include apartment, office, mixed-use, medical, industrial, data centers and hotel assets. In December 2020, National was part of joint venture that sold the majority ownership interest in a three-building, 620,000-square foot life sciences campus in Cambridge, Mass., for $720 million.

Alabama, Arkansas, Connecticut, Florida, Louisiana, Tennessee and Virginia are new MOB markets for National. One of the assets acquired is Physicians Regional Pine Ridge multi-tenant medical office building, a 108,337-square-foot MOB property in Naples, Florida.

New Joint Venture

In prepared remarks, Chad Henderson, founder and CEO of Catalyst, a national, full-service healthcare real estate investment firm, said: “The closing of the portfolios was a significant first step for the joint venture. Formed in early November, the venture strives to positively impact healthcare delivery by investing strategic capital with a partnership-like mentality. The transactions further Catalyst’s commitment to build on meaningful relationships within healthcare.

When National and Catalyst announced the joint venture on Nov. 2, the partners said they had already closed on three to-be-developed assets and expected more deals to close by the end of 2021. The first three joint venture developments were: a 74,640-square-foot in-patient rehab facility for PAM Health in Miamisburg, Ohio, with 42 in-patient rehabilitation beds and 20 long-term care beds; a 51,500-square-foot inpatient rehab facility for PAM Health in Venice, Florida, with 42 in-patient rehabilitation beds; and a 23,700-square-foot medical office building for Dupont Hospital in Fort Wayne, Indiana.

 

Source: Commercial Property Executive

New 35-Acre Health And Wellness District At Frisco Station Takes A Step Forward

A 35-acre health and wellness district is coming to the nearly $2B Frisco Station development.

An aerial view of the location of a planned health and wellness district at Frisco Station (IMAGE CREDIT: Debra Hale at Hillwood)

Dallas-based Cambridge Holdings just entered into an exclusive agreement with Frisco Station Partnership to develop healthcare and health and wellness-related projects within the fast-growing 242-acre development situated at the crossroads of the Dallas North Tollway and Warren Parkway, near the Dallas Cowboys’ world headquarters, The Star.

Cambridge specializes in the development, financing, acquisition and management of healthcare projects, mixed-use campuses and corporate offices with a focus on sustainable, “healthy, mindful living” development projects.

Though the company didn’t provide exact details of what would be included in the district, it has previously developed dozens of facilities on hospital campuses across North Texas and is behind oneC1TY, a health-focused project in Nashville, Tennessee. The Nashville Post described the 19-acre oneC1TY as a “mixed-use urban node” home to healthcare, life sciences and technology companies and set to eventually comprise more than 1M SF of Class-A research, office, retail, residential and green spaces.

“Cambridge is excited to bring healthcare and the health and wellness component to life at Frisco Station,” Cambridge Chairman and CEO Jean-Claude Saada said in a release. “Our mindful, healthy development principles focused on sustainability and convenient access to fresh food, open space, daily activity and community engagement make the healthy choice the easy choice for people who live, work, and visit. We think these concepts will be embraced in a community like Frisco that is already focused on addressing the total wellbeing of the community and individuals.”

Saada said he hoped to make the district a model for healthy living that would be emulated around the world.

Launched in 2015, Frisco Station was one of the nation’s first communities to be built from the ground up with AT&T’s 5G platform. It is also home to one of the world’s first vertiports to support flying taxis and is partnering in Texas’ first pilot project to test autonomous vehicles on public roadways.

“With Cambridge joining our team, we are reaching the full potential of Frisco Station as a globally recognized Smart, Creative, and Healthy mixed-use neighborhood,” said Trey Sibley, general manager of The Rudman Partnership, one of the three partners in the Frisco Station Partnership, alongside Hillwood and VanTrust Real Estate. “We couldn’t be more pleased to have them join us as we execute what’s considered to be the crown jewel of the project — the place where residents and visitors can experience ways to live healthier, more active and longer lives.”

Frisco Station’s master plan also calls for 2,400 residential urban living units, a 55-acre corporate campus, a dining, shopping and entertainment district, 3M SF of mid- and high-rise office space, and 30 acres of programmed trails, parks and open space.

Source: Bisnow