On-Campus Medical Office Pricing Now Exceeds Off-Campus Assets
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.
Bon Secours Mercy Health To Develop 30+ Ambulatory Surgery Centers Across Multiple States
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.
NexCore Group Breaks Ground On Dallas-Area Medical Office Building
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.
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