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The Healthcare Real Estate team at Sheppard Mullin had the
privilege of attending the Connect Healthcare Real Estate
Conference in Newport Beach, California, on September 28, 2023.
This event provided an invaluable opportunity for our team to
engage with thought leaders and professionals within the industry.
Here are the key takeaways that resonate with our commitment to
advancing healthcare real estate solutions:
Meeting Growing Demand: Health systems are
facing unprecedented challenges, including rising costs, labor
shortages, and capital constraints. Despite these hurdles,
healthcare real estate continues to shine as a top-performing asset
class. The desire for accessible care and enhanced amenities fuels
the demand for healthcare real estate. Outpatient care, in
particular, is on the rise, with experts projecting a substantial
25% growth in the next five years. This trend emphasizes the
importance of strategically locating medical facilities to meet the
evolving needs of communities.
AI’s Impact on Healthcare Real Estate:
Placer.ai shared intriguing insights into the influence of
healthcare tenants on merchandising diversification. Leveraging
disaggregated geolocation data, Placer.ai showcased how healthcare
delivery in retail centers not only improves patient accessibility
but also significantly boosts foot traffic and revenue. This
innovative approach underscores the potential for AI in optimizing
healthcare real estate, making it a pivotal focus for future
strategies.
Creative Financing Solutions: The year 2023 has
seen a decline in deal velocity due to high interest rates and
limited capital availability. As interest rates are expected to
remain elevated, securing capital will remain a challenge. In
response, the industry has witnessed the emergence of innovative
financing solutions such as “dequity.” This inventive
concept bridges the gap between debt and equity, offering landlords
a creative way to navigate the current financial landscape. Our
team is committed to exploring these creative avenues to support
our clients’ endeavors.
At Sheppard Mullin, we remain steadfast in our dedication to
finding innovative solutions that address these challenges. By
assisting our clients in leveraging and developing their real
estate assets, we contribute to elevating the patient care
experience while ensuring sound business strategies. The Connect
Healthcare Real Estate Conference not only provided invaluable
insights but also served as a platform for networking with esteemed
industry leaders, including developers, investors, brokers, and
healthcare providers. In the ever-evolving landscape of healthcare
real estate, our commitment to excellence and innovation continues
to drive our efforts. We look forward to embracing these key
takeaways and applying them in our future endeavors, further
enriching the healthcare real estate sector and, most importantly,
the lives of the patients and communities we serve.
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