HREA News

To our valued clients, partners, and dear friends, may this holiday season bring you warmth, laughter, and joy. We wish you a New Year filled with endless possibilities and success.

As we look ahead to 2025, the healthcare real estate market is brimming with optimism, primarily fueled by lower interest rates that are driving valuations to new heights! This positive trend not only enhances the potential for lucrative investments but also signals a robust acquisition activity surge, presenting exciting opportunities for investors.

As we gather around the table this Thanksgiving, HREA extends our warmest wishes to you and your family. This season of gratitude reminds us of the importance of the strong relationships we have built within our healthcare community. We are sincerely thankful for your support.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a modern Class “A” medical office building located in Chapel Hill, NC. The single-tenant medical office building is 100% leased and occupied by UNC Physicians Network.

HREA | Healthcare Real Estate Advisors was proud to title sponsor and speak at this year’s PHA Leadership Summit in Naples, FL.

HREA | Healthcare Real Estate Advisors is honored to sponsor PHA's 2024 Leadership Summit, taking place at Ritz Carlton in Florida from September 21st to September 23rd, 2024.

Transaction volume within the healthcare real estate sector has experienced a significant “bounce-back” in 2024

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a micro-hospital located in a rapidly growing area in Phoenix, AZ, the capital and most populous city of Arizona.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a single-tenant net leased urgent care clinic located in Casper, WY. The state-of-the-art facility was fully renovated in 2022 and is 100% leased and occupied by BestMed Urgent Care.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a newly built state-of-the-art outpatient surgery center and clinic that is well-located in Vestavia, Alabama, an affluent suburb of Birmingham, and a medical office building in Montgomery, Alabama.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of three (3) free-standing medical office buildings that were specially designed and built to meet the needs of each of the specialty practice groups, including urgent care, neurology, orthopedics, physical therapy, and dentistry.

HREA | Healthcare Real Estate Advisors is pleased to announce that Joe Karnes has joined the company as a Senior Associate in its Denver office. 

In 2023, HREA’s team of professionals advised on the sale of 22 healthcare real estate assets throughout the U.S totaling $245 million in transaction volume. With a primary focus in representing healthcare providers, HREA leverages its unique experience in the industry by navigating advanced transaction structures that are tailored to each client’s goals and objectives, including a variety of tax-deferred structures.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery located in Effingham, IL.  Effingham Surgery Center consists of 17,201 rentable square feet and is 100% leased and occupied by the practicing physicians in partnership with USPI and Sarah Bush Lincoln Health System.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of Specialists Hospital Shreveport (“Hospital”), a physician-owned surgical hospital, and four (4) affiliated medical office buildings, totaling approximately 192,640 square feet (“Portfolio”). 

HREA | Healthcare Real Estate Advisors was honored to attend and sponsor the Becker’s 29th Annual Meeting:  The Business & Operations of ASCs at Swissotel in Chicago, Illinois.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of seven (7) single-specialty medical office and outpatient surgery centers located throughout northwest South Carolina.

HREA | Healthcare Real Estate Advisors is proud to be a sponsor of the Becker’s 29th Annual Meeting, The Business & Operations of ASCs.

HREA | Healthcare Real Estate Advisors and Realti Ventures is pleased to announce the real estate sale of a single-specialty medical office building portfolio located in Rock Hill, SC, Fort Mill, SC, and Lancaster, SC. The portfolio is 100% leased to Carolina Cardiology Associates (“CCA”) and consists of 25,258 square feet.

HREA | Healthcare Real Estate Advisors, along with Merritt Healthcare Advisors, title sponsored the PHA’s 23rd Leadership Summit at The Boulders Resort in Scottsdale, Arizona.

Discover how collaborative partnerships with investment banking and real estate experts can lead to optimal financial and non-financial M&A outcomes in our new white paper.

One of the common topics we hear from our clients are the challenges of succession planning involving the real estate. Partnering with HREA ensures a smooth transition when considering the sale or partial sale of your medical real estate.

HREA | Healthcare Real Estate Advisors, a national leader in providing healthcare real estate advisory and capital market solutions,  is pleased to announce that Timothy J. Cajka has joined the company as Director of Investment Sales.

HREA | Healthcare Real Estate Advisors is proud to be a sponsor of the Becker’s 20th Annual Spine, Orthopedic + Pain Management-Driven ASC Conference, which is being held in Chicago from June 15th, 2023 through June 17th, 2023.

HREA | Healthcare Real Estate Advisors, a national leader in providing healthcare real estate advisory and capital market solutions, is pleased to announce that Mike Spisak has joined the firm as Director of Healthcare Real Estate - Investment Sales.

HREA’s Private Client Group consists of specialized Net-Lease and §1031 Exchange professionals that offer access to a large pool of §1031 exchange and private capital buyers that specifically target net-leased medical properties.

HREA | Healthcare Real Estate Advisors is pleased to announce that Anthony Naticchioni has joined the firm as Director of Healthcare Real Estate Investment Sales. Located in Orange County, California. Anthony serves HREA’s clients by advising and executing financial and real estate strategies that address both the operational aspects of the practice or surgery center and the real estate.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery located in Corbin, KY. The single-tenant ASC consists of 16,354 rentable square feet that is 100% leased and occupied by the practicing physicians in partnership with Baptist Health.

The HREA team would like to express our sincere appreciation to our clients and partners for making 2022 a successful year. We greatly value our relationship and wish you a healthy and successful 2023. HREA’s team of professionals advised on the sale of 22 healthcare facilities throughout the U.S., totaling $365 million, including physician-owned hospitals, ASCs, and Medical Office Buildings.

HREA | Healthcare Real Estate Advisors has announced the sale of an 11-property medical office portfolio located in eight states for a total value of approximately $130 million. 

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of the award-winning Kansas Spine & Specialty Hospital (KSSH) and the adjacent medical office building (collectively, the Portfolio). Located in Wichita, KS, Kansas Spine & Specialty Hospital is a regional center for the diagnosis and treatment of disorders of the spine, neck, and joint.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of the award-winning Ohio Valley Surgical Hospital (OVSH) and adjacent 3-story medical office building, located in Springfield, Ohio (Portfolio). Ohio Valley Surgical Hospital is conveniently located in downtown Springfield, OH.

HREA | Healthcare Real Estate Advisors is proud to be a sponsor of Becker’s ASC Review 28th Annual Meeting: The Business and Operations of ASCs that is being held in Chicago, IL, October 27 - 29, 2022

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of Northwest Specialty Hospital (“Hospital”), a physician-owned surgical hospital, and six (6) affiliated medical office buildings, located in Post Falls, ID and Coeur d’Alene, ID (“Portfolio”).  The transaction also included 7.54 acres of developable land, which was sold to an affiliate of the Hospital.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a brand new medical office building and integrated ambulatory surgery center located in Flagstaff, AZ. Recently completed in 2022, the state-of-the-art facility was specially designed and built for Northern Arizona Orthopaedics in partnership with HOPCo. 

HREA | Healthcare Real Estate Advisors is proud to be the Title Sponsor for the PHA Executive Summit 2022 that is being held in Napa, CA, May 9 - 11, 2022.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery located in Anna, TX within the Dallas-Fort Worth metroplex. Completed in 2020, the state-of-the-art facility consists of 23,329 rentable square feet and is 100% leased and occupied by the Surgery Center of North Texas (SCNT).

Investment demand for all types of medical real estate, including clinical offices and outpatient surgical facilities, exceeded all expectations in 2021. Medical real estate sales in the U.S. surpassed $16 billion in 2021, up from $11.7 billion in 2020.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an on-campus medical office building located in Sarasota, FL. Constructed in 2003, the Silverstein Institute medical office building is 93% leased and anchored by First Physicians Group ENT (FPG), a wholly-owned subsidiary of Sarasota Memorial Health Care System.

The HREA team advised on the sale of 27 healthcare real estate assets throughout the U.S. totaling $312 million in 2021.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a nine (9) building medical office (“Portfolio”) located throughout Ann Arbor and southeast Michigan. The Portfolio is comprised of institutional quality single-tenant and multi-tenant medical office buildings that are 97% leased to IHA and Saint Joseph Mercy Healt

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a health system anchored multi-tenant medical office building located in Brighton, MI. Genoa Medical Center consists of approximately 81,269 square feet and is occupied by an array of well-established practice groups that offer primary care, family medicine, ENT, orthopedics, ophthalmology, dermatology, lab, and a pharmacy.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a physician-owned surgical hospital located in Transfer, PA. Edgewood Surgical Hospital is an award-winning physician-owned hospital serving Western Pennsylvania as well as other metropolitan areas within eastern Ohio and New York.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery center located in Prescott, AZ. Built in 2006, Tri-City Surgery Center is a state-of-the-art outpatient surgery center consisting of approximately 12,718 SF. 

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an inpatient rehabilitation hospital located in Coralville, IA. Mercy Iowa City Rehabilitation Hospital was recently constructed in 2020 in partnership Mercy Iowa City, an affiliate of MercyOne, and Kindred Healthcare to address the growing need for inpatient rehabilitation services across Iowa.

HREA |  Healthcare Real Estate Advisors is pleased to announce the real estate sale of the award-winning South Texas Surgical Hospital (STSH), a 94,000 square foot Specialty Surgical Hospital and Outpatient Center located in Corpus Christi, TX. STSH is unique in that it is physician-owned in partnership with Surgery Partners, a leading operator of surgical facilities and ancillary services

Headed to Dallas this week for the 2021 AAHKS Annual Meeting? Interested in learning more about how you can optimize the value of your ASC and real estate?

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an ASC and two affiliated medical office buildings (“Portfolio”) located in Manhattan, KS. The outpatient surgery center was recently constructed in 2017 and is occupied by the physician-owners

HREA | Healthcare Real Estate Advisors is pleased to announce the sale of a newly constructed outpatient surgery center in Odessa, FL, located approximately 25 miles north of Tampa. Consisting of approximately 12,747 SF, the state-of-the-art ASC was specially designed and developed for Comprehensive Outpatient Joint & Spine Institute (COJSI), the largest pain management group in the Tampa metropolitan area.

HREA | Healthcare Real Estate Advisors is proud to be a sponsor of Becker’s ASC Review 27th Annual Meeting: The Business and Operations of ASCs, which is being held in Chicago, IL from Thursday, October 21, 2021 through Saturday, October 23, 2021.

One of the common topics we hear from our clients are the challenges of succession planning involving the real estate – specifically the high buy-in or suppressing the value of the equity buy-in and buy-out.

HREA | Healthcare Real Estate Advisors announce the sale of a modern free-standing Medical Office Building and integrated specialty Ambulatory Surgery Center located in Las Cruces, NM. Consisting of approximately 13,444 square feet, the state-of-the-art MOB and ASC is located in a medical corridor, adjacent to MountainView Regional Medical Center, a 168-bed acute-care hospital.  

HREA | Healthcare Real Estate Advisors is proud to be a sponsor of CPOMP (Congress of Physician-Owned Medical Properties), which is being held in Park City, UT from Thursday, July 29, 2021 through Saturday, July 31, 2021.

HREA | Healthcare Real Estate Advisors is pleased to announce the sale of a newly constructed medical office building (MOB) located in Reno, NV. Consisting of approximately 21,500 SF, the state-of-the-art MOB was designed and built for Urology Nevada, the most comprehensive urology practice in northern Nevada.

HREA | Healthcare Real Estate Advisors is pleased to announce the sale of a Class “A” Medical Office Building portfolio located in Bakersfield, CA. Consisting of approximately 65,140 SF, the portfolio includes three (3) multi-tenant medical office buildings that are 100% leased to established medical practice groups, including Central Cardiology, a division of Centric Health, as well as the award-winning Bakersfield Heart Hospital.

6 reasons why physicians are selling...

As a follow up to HREA’s Who’s Buying Medical RealEstate, it’s worth understanding the breakdown of Who is Selling Medical Real Estate throughout the U.S. along with the circumstances that are driving these transactions.

Featured in Becker’s Healthcare - The importance of understanding the current marketplace and types of creative transaction structures that are available to healthcare providers cannot be overstated.

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an approximate 17,000 SF ambulatory surgery center located in Panama City, Florida.  The state-of-the-art multi-specialty ambulatory surgery center consists of four operating rooms and two GI/pain procedures rooms with 42 board-certified surgeons.

MOB & ASC | Las Vegas, NVThe sale consisted of a Class ‘A’ Medical Office Building and state-of-the-art Ambulatory Surgical Center in Las Vegas, NV that is strategically located 3.5 miles from McCarran International Airport. The buildings are 100% leased to a nationally renowned bariatrics group that is comprised of board-certified and fellowship-trained surgeons.

Investment demand for all types of medical real estate, including clinical office and outpatient surgical facilities, continues to show no signs of abating. Medical real estate sales in the U.S. surpassed $11 billion in 2019, a figure that has doubled since 2014.

HREA | Healthcare Real Estate Advisors is pleased to announce the successful sale of a 40,000 SF Class “A” Physician-Owned Medical Office Building located in Sherman, TX.

HREA | Healthcare Real Estate Advisors, a national leader in advising healthcare providers and healthcare real estate owners across an array of monetization and development strategies has announced its newest expansion into Raleigh, North Carolina.

Hear from Christopher L. Stai, CPA, Managing Director at HREA | Healthcare Real Estate Advisors

Navigating uncharted waters alone can be fraught with peril and unknown risk.

HREA offers the Hybrid SLB which allows physician-owners to sell the majority of their MOB, ASC, or Surgical Hospital and retain continued physician-ownership in a tax-deferred manner.