Texas Real Estate Business

OCT 2017

Texas Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in Texas.

Issue link: http://texasrealestatebusiness.epubxp.com/i/885420

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Page 46 of 58

44 • October 2017 • Texas Real Estate Business www.REBusinessOnline.com F ueled by a growing population, a healthy flow of capital from a variety of investment sources and the inability of the U.S. Congress to repeal or reform the Affordable Care Act (ACA), the American health- care real estate market is poised for expansion. The heightened demand for both new and stabilized healthcare spaces is forcing operators within the sec- tor to consider alternative locations. Healthcare operators are thus finding new real estate opportunities that are created by trends in other property classes. Most commonly, these oppor- tunities are presenting themselves through the shakiness of the retail sector and the rising popularity of the mixed-use development. As such, this practice is coming to be known within the industry as the "retailiza- tion" of healthcare real estate. For their part, owners and develop- ers of retail and mixed-use assets are embracing the growth of the health- care sector, whether that means repur- posing a strip center to be anchored by a healthcare tenant or integrating a wellness component into blueprints for a new mixed-use project. A quintet of healthcare real estate professionals who represent the pro- vider side of the market came to- gether at the ninth annual InterFace Healthcare Real Estate conference on Sept. 14 to assess this practice and its future implications on the industry. Held at the Westin Galleria hotel in Dallas, the daylong event drew about 240 brokers, lenders, operators and developers of healthcare real estate from around the country. Changes in Delivery Panelist Sid Sanders, senior vice president of real estate manage- ment for healthcare provider Hous- ton Methodist, noted that the push to merge healthcare tenants with non-traditional healthcare properties One of the largest & fastest growing commercial retail estate networks in North America! FIND YOUR LOCAL RBN MEMBER at www.retailbrokersnetwork.com KNOW WESTERN REGION: • Commercial Realty Advisors NW (Oregon) • Commercial Retail Associates (Central CA) • Coreland Companies (Orange County, CA) • DeRito Partners (Arizona) • Epsteen & Associates (San Diego/Imperial Counties) • Leibsohn & Company (Washington State) • Maestas & Ward Commercial Real Estate (New Mexico) • May Realty Advisors (Los Angeles/Ventura Counties) • Progressive Real Estate Partners (Inland SoCal) • ROI Commercial Real Estate (Nevada) • Thornton Oliver Keller Commercial Real Estate (Idaho) • The Zall Company (Colorado) • Weitzman (Texas) NORTHEAST REGION: • Aries, Deitch & Endelson (NY Suburbs/ S Connecticut) • Coldwell Banker Commercial Alliance (New York City) • Equity Retail Brokers (E. Pennsylvania/ S New Jersey) • Ferrara Jerum International (Upstate New York) • Jabe Companies (W. Pennsylvania/ West Virginia) • LMS Commercial Real Estate (Central Pennsylvania) • Mackenzie Retail (Maryland /S. Pennsylvania/N Virginia) • Paramount Partners (New England) • Renaud Consulting (Virginia) • Sax Realty (Maryland/ N Virginia/Washington DC) • Sholom & Zuckerbrot Realty (Long Island/NYC Boroughs) • The Dunham Goup (Maine) • The Goldstein Group (North & Central New Jersey) MIDWEST REGION: • Arnold J. Eisenberg, Inc. (Ohio) • Block & Company (W. Missouri & Kansas) • Commercial Property Associates (Wisconsin) • Dakota Commercial (North/South Dakota) • Edgemark CRE Services (Suburban Illinois) • First Commercial Realty (Michigan) • Gershman CRE (St. Louis, Missouri) • Paine & Associates (Oklahoma) • Shindico (Manitoba, Saskatchewan, W. Ontario) • Suntide Commercial Realty (Minnesota) • The Lord Companies (Chicago, Illinois) • Upland Realty Group (Minnesota) SOUTHEAST REGION: • Bell Moore Group (North Carolina & South Carolina) • Centennial Retail Services (Tennessee) • Coro Realty Advisors (Atlanta/Suburban Georgia) • Currier Properties (North Carolina & South Carolina) • D.E.G. Realty Advisors (Arkansas) • Insite Real Estate (West Central Florida) • Investment Management Assoc. (South Florida) • Loeb Realty Group (Tennessee) • Liberty Universal Management (Central Florida) • May Commercial Group (Kentucky) • Pine Street/RPS (Jacksonville, Florida) • Retail Properties (N Carolina, S Carolina & Georgia) • Southpace Properties (Alabama) • Stirling Properties (Louisiana, S Alabama, NW Florida) • Taylor Long Properties (Virginia) • The Katsias Company (Virgina/NE North Carolina) • The Shumacher Group (Atlanta/N. Georgia) • Trademark Properties (Raleigh, North Carolina) TENANT REPRESENTATION LANDLORD REPRESENTATION INVESTMENT SALES LIKE TRUST Left to right: Jim Hayden of CBRE and Dana White of Provident St. Joseph's Health discuss the 'retailization' of healthcare. Not pictured: Sid Sanders, Houston Methodist; Jon Sullivan, Texas Health Resources; and Ross Caulum, Scripps Health. HEALTHCARE OPERATORS TARGET RETAIL SPACES Changes in methods of healthcare delivery are prompting operators to consider retail locations. By Taylor Williams

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