Expert Panel Scheduled to Discuss Current Healthcare Real Estate Market Environment

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Trends in medical office building cap rates, pricing, competition, capital, construction costs and more will be examined at InterFace Healthcare Real Estate in Dallas Sept. 14

We will be addressing the other hottest topics in the HRE space, including MOB cap rates, pricing, competition, capital, construction costs and more.

The only constant in healthcare real estate (HRE) is change, so it makes sense for HRE professionals to stay well informed about those changes and how they affect their organizations. Toward that end, the 9th annual InterFace Healthcare Real Estate Conference will be held Sept. 13-14 at the Westin Galleria Dallas to provide informative panel sessions and networking opportunities for industry leaders.

Kicking off the second day of the event, Murray Wolf, Publisher of Minneapolis-based Healthcare Real Estate Insights™ magazine, will moderate an expert panel titled “State of the Market: With ACA Reform/Repeal in the Rearview Mirror, What’s the Outlook for 2018 and Beyond?” The panel is scheduled for 8:30 a.m. Thursday, Sept. 14.

The panelists are scheduled to include:

  • Lee Asher, CBRE;
  • PJ Camp, Hammond Hanlon Camp;
  • Darryl Freling, MedProperties Holdings;
  • Dan Klein, Physicians Realty Trust; and
  • Danny Prosky, American healthcare Investors and Griffin-American Healthcare REIT III.

“Healthcare reform has been one of the most significant factors affecting the healthcare real estate space in recent years,” Mr. Wolf says. “Now, our panel at the InterFace Conference will help attendees to understand the immediate and potential impact of the recently stalled ‘repeal and replace’ efforts in Washington.

“We will also be addressing several of the other hottest topics in the HRE space.” Some of those include:

  • Medical office building (MOB) capitalizations rates, pricing and demand: Were recent large medical office building (MOB) portfolio acquisitions at sub-5 percent cap rates unique or are they a sign of a new, lower benchmark for MOB cap rates? Have MOB prices peaked? Is demand still strong despite regulatory uncertainty?
  • New players and new capital in the HRE space, including mainstream commercial real estate firms and foreign capital: Are capital sources new to the HRE space simply “kicking the tires” or actually investing? Are there enough operating partners and enough product to satisfy growing investor demand?
  • Rising construction costs: Construction costs have already been on the rise, squeezing already thin yield spreads for some new HRE developments. How will the sector manage through the additional construction cost increases likely to result from spiking demand in areas that have suffered recent hurricane damage?

“We have some significant opportunities and challenges to discuss, so I can’t wait to hear what our panel of experts has to say,” Mr. Wolf says. “It should be a compelling and informative session.”

(Please see Fact Sheet below for additional details about the moderator and the panelists.)

About the InterFace Healthcare Real Estate Conference

More than 350 attendees are expected at the 9th annual InterFace Healthcare Real Estate Conference, a national information and networking event to be held Sept. 14 at the Westin Galleria in Dallas. Attendees will include representatives from hospitals and healthcare systems; real estate owners/investors/developers, lenders and financial intermediaries; leasing, management and operations specialists; and others allied to the healthcare real estate industry. The event will focus on investment, development, financing and how ongoing changes in healthcare, such as the growth of a more consumer-facing delivery model, are impacting healthcare and medical office real estate usage and strategies. The conference also will include discussions of the Patient Protection and Affordable Care Act (PPACA), including ramifications for the healthcare industry and medical office building real estate.

For more information about the InterFace Healthcare Real Estate Southwest Conference, please visit interfaceconferencegroup.com.

About Healthcare Real Estate Insights™

Launched in 2003, Healthcare Real Estate Insights™ (HREI™) was the first and remains the only national media organization entirely dedicated to covering healthcare real estate (HRE) development, financing and investment. This monthly, national, business-to-business print and digital magazine offers sophisticated players the most comprehensive coverage in the industry available anywhere.

HREI’s other HRE sector innovations include the HREI Insights Awards™ (introduced in 2013), the first and only comprehensive awards program recognizing excellence in HRE development and executive leadership; the HREI Resource Guide™ (launched in 2008), the first and only annual directory of HRE services; and HREI’s companion website, HREInsights.com, which has been redesigned and vastly expanded during the past four years with more than 15 years of content, including nearly 5,000 articles, news releases, property listings and other postings, and is the undisputed hub of HRE news and information.

For more information on HREI products and services, or to subscribe or advertise, please visit us at HREInsights.com.

Fact Sheet

About the moderator and the panelists

  • Murray W. Wolf, Managing Principal of Wolf Marketing & Media, and Publisher and Founding Editor of Healthcare Real Estate Insights. HREI was the first and remains the only national magazine and website entirely devoted to covering HRE development, financing and investment. He is an experienced marketing executive and an award-winning journalist with more than 30 years of marketing, communications and publishing experience, almost exclusively in the commercial real estate industry. Founded by Mr. Wolf in 2001, Wolf Marketing & Media has emerged as a leading provider of specialized information, marketing and public relations services for developers, lenders, investors and other commercial real estate-related clients, as well as healthcare providers.
  • Lee Asher, Executive Vice President, CBRE Healthcare Capital Markets. Along with his business partner Chris Bodnar, Mr. Asher is responsible for execution of the CBRE team’s medical office and healthcare sale-leaseback assignments, strategy and positioning of offerings, coordination of the financial and underwriting processes, and oversight of the due diligence process. Since joining CBRE, the 22-year real estate veteran has been an integral part in the sale of more than 40 million square feet of office properties valued at more than $5.0 billion.
  • Philip J. “PJ” Camp, Principal and Co-Founder, Hammond Hanlon Camp. Mr. Camp brings over 20 years of real estate experience and leadership to the team at Hammond Hanlon Camp LLC. His clients include many of the most recognizable hospital and healthcare systems nationwide with properties located in almost every state in the country. In addition, he has advised many seniors’ housing companies, as well as the nation’s top REITs, real estate developers and a broad range of companies that own and/or lease significant amounts of real estate.
  • Darryl E. Freling, Managing Principal, MedProperties Holdings. Through its discretionary real estate private equity fund, Dallas-based MedProperties’ investment strategy is dedicated to equity investment in the development of, or value-added acquisition in, healthcare real estate throughout the United States. Mr. Freling has 27 years of experience in the areas of corporate and real estate investment (private and public), real estate development and management, complex business structures, and finance.
  • Dan Klein, Senior Vice President Investments & Deputy Chief Investment Officer, Physicians Realty Trust. Physicians Realty Trust (NYSE: DOC) is a self-managed healthcare real estate investment trust that acquires, owns and manages healthcare properties that are leased to physicians, hospitals and healthcare delivery systems and other healthcare providers. Mr. Klein is responsible for the strategy, pursuit and execution of targeted acquisition opportunities. Prior to joining DOC, Dan worked for many years at Welltower (NYSE: HCN).
  • Danny Prosky, President & Chief Operating Officer, Griffin-American Healthcare REIT III. Danny Prosky is a Founder and Managing Director of American Healthcare Investors, which manages a diversified portfolio of healthcare real estate valued in excess of $5 billion (based on aggregate acquisition price) located throughout the United States and United Kingdom. He also serves as the President, Chief Operating Officer and a Director of Griffin-American Healthcare REIT III, a publicly registered real estate investment trust that has raised approximately $1.9 billion and is in the process of acquiring a multi-billion dollar portfolio of medical office buildings, hospitals, senior housing and skilled nursing facilities.

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Connie M. McCaffrey
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