Demand for outpatient healthcare services has continued to develop in recent times and Frank Virga, Director, US Actual Property at Angelo Gordon stated he believes the chance set within the medical workplace sector stays sturdy.
JLL Capital Markets final week organized a programmatic three way partnership between Sendero Capital and Angelo Gordon, which is able to permit for as much as $300 million in investments in outpatient healthcare actual property over the subsequent two years.
Angelo Gordon stated it’s setting its sights on figuring out and enhancing well-located services all through the Northeast, Virga stated in ready remarks, “specializing in value-add and core plus outpatient medical workplace and surgical procedure heart property.”
The companies stated that the Northeast is a area with “excessive boundaries to entry, robust progress, and one of many largest concentrations of healthcare companies within the US.”
JLL’s 2023 Healthcare Investor Survey & Developments Outlook confirmed that medical workplace constructing fundamentals “stay robust, with resilient occupancy and regular hire and NOI progress with two-thirds of traders surveyed indicated MOBs current a powerful funding alternative – adopted by ambulatory surgical procedure facilities – highlighting a shift in demand for outpatient care versus in-patient services.”
Likewise, final month, Marcus & Millichap stated MOB is drawing appreciable investor curiosity, particularly in heat climate markets that are experiencing an inflow of retirees escaping cold-weather climates like Chicago or New York.
The JLL Capital Markets workforce was led by Managing Director Brannan Knott, Senior Managing Director Mindy Berman, Senior Director Andrew Grey, and Affiliate Landon Weaver.
