Health Care Real Estate Firms The Best Buyer For Your Practice Owned Real Estate

by recentricrealty | Feb 23, 2018 | Uncategorized | 0 comments Picture this: A multi-tenant medical office building has been the home of several medical practices for decades. The owner of the building happens to also be the owner of one of the practices operating in the building, and they are ready to sell the building to provide liquidity for their practice. Here are three reasons to sell to an experienced health care real estate firm. In July of 2017, Physicians Realty Trust, a publicly traded health care REIT (PRT) announced the purchase of $735 million of health care properties from Catholic Health Initiatives, an Englewood, Colorado based health care provider in 10 states. It turns out PRT wasn’t the highest bidder among the other buyers. Catholic Health Initiatives chose PRT because they were specialized in the health care space and the right fit for their company. While it might be tempting to take the highest bid from any buyer who is trying to 1031 out of a five Taco Bell portfolio to get into health care because they heard it’s a good investment, your practice and the practices around you may end up suffering instead of thriving. Your email address will not be published. Required fields are marked * Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Stay up to date on alternative real estate investments. Copyright © 2024 – Recentric Real Estate • All rights reserved. | Privacy Policy