Medical office buildings were a bright light in commercial real estate in 2020. Investors spent $11.2B last year on medical office spaces, down slightly from the previous year, but far better than overall U.S. commercial real estate sales, which declined 32% in 2020.
2021 is shaping up to be another strong year for the sector. Despite a slight slowdown in medical office investment in Q1 2021, there is a lot of capital carried over from 2020 that is expected to be deployed into the sector. Pair that with an aging baby boomer population that will need fast access to medical facilities, and healthcare office portfolios are expected to continue to attract investment.
What will that look like in practice for the real estate industry? Find out at Bisnow’s Chicago Healthcare Update. The Aug. 12 live event will offer attendees exclusive insights into upcoming trends in healthcare and advice on how to develop actionable investment strategies for medical office facilities. Register here for the event.
Speakers will cover:
- How medical office buildings can improve the patient experience.
- The role of retail and medical office building healthcare facilities in the coming year.
- The state of healthcare development and construction plans in a post-pandemic world.
- How telehealth will continue to change the medical industry.
The day’s keynote will be delivered by Dr. Omar Lateef, CEO of Rush University Medical Center of Chicago. Newsweek recently ranked Rush among the top 50 “smart hospitals” in the U.S. for its embrace of leading-edge technologies including artificial intelligence and predictive analytics. It ranked among the top 150 in the world.
“Consumers are becoming more and more interested in how strongly healthcare systems embrace innovation and smart technologies in ways that improve access and add convenience,” Lateef said in a statement.
Other scheduled speakers for the Chicago event include:
- Jon Boyajian, principal with Echo Development Group.
- Deeni Taylor, chief investment officer for Physicians Realty Trust.
- Will Magnuson, senior regional manager for Autodesk Construction Cloud.
- Kenneth Bahk, co-founder and managing partner of Kaleidoscope Health Ventures.
- Jill Gewargis, director of Real Estate Strategy for Northwestern Medicine.
- Bob Chib, co-founder of Kaleidoscope Health Ventures.
Visit here to register or get more information about Bisnow’s Chicago Healthcare Update.
Please note that the summit will be in-person and follow local guidelines to ensure the safety of all attendees. The organizers will advise on any necessary precautions closer to the Aug. 12 event.