Does Medical Real Estate Work in a Low-Income Area?
Friday, July 30
A deal recently came across my desk from McAllen, TX, a town on the US-Mexico border across from Reynosa in Mexico. I’ve never been to McAllen, so I did my usual preliminary Wikipedia review to get a sense of the basics. In many ways, McAllen is an appealing place to invest. Properties are genera...
What Kills a Promising Medical Deal? Resentful Tenants
Wednesday, June 09
A well-established Orthopedic specialty group. An absolute triple net lease and 2.5% annual rent escalators on office and surgery center in a medical office park across from a hospital in a suburb of Austin, TX. 5 years left on the lease with 2 5-year renewals for an 8.8% cap rate because the se...
Earning More Money Isn't the Answer
Wednesday, June 09
The other day, I was chatting with a doctor about entrepreneurial side projects for extra money. He had found an opportunity to work an extra shift per month for $2000 shift, so $24,000 extra per year. Not too bad for a dozen days per year. Who doesn’t want some extra cash? I told him not to do i...
8 Questions to Ask when Purchasing Medical Real Estate
Monday, March 22
While there are basic value criteria that should be applied to every real estate purchase, there are specific questions that should be asked when purchasing a medical building. I believe that the following list should be part of due diligence when approaching a property with a medical tenant. 1....
5 Challenges to Medical Real Estate
Friday, February 19
Medical Real Estate is challenging to invest in if you are not prepared for its nuances. There are less capital-intensive, less specific niches of real estate. While medical properties can high-quality asset type in theory, without appropriate preparation and expectations, they may not be high-qu...
6 Advantages of Healthcare Real Estate
Wednesday, January 20
No one ever looked back on their life and said, “I wish I’d spent more time at the office.” Most of us wish we’d shared more time with our families and our passions, had more flexibility with our careers, and yet still had the resources to provide for those we love. The responsible way to merge ...