Category Archives: Healthcare

Healthcare Services is a Key Industry in Henry County

Henry County, located 20 miles southeast of Atlanta, recognizes the healthcare services industry as one it will focus on expanding as it continues to position itself as a corporate hub in Georgia. Nationally, this sector grew 28 percent between 2001 and 2011 and in Henry County it nearly doubled during that same time period. An aging population and strong predictions of population growth will only continue the opportunity and demand in this industry.

Healthcare services include hospitals, medical laboratories, clinics, wellness centers and outpatient treatment facilities. In Henry County, Piedmont Henry Hospital provides exceptional care to residents and visitors as a full service, fully accredited hospital. It also serves as one of the county’s top employers with more than 1,200 employees.

Henry County is well-poised to attract new healthcare services as well as expand existing ones. McWhirter Realty Partners has a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout Henry County.

Our current opportunities include:

If you have questions about healthcare real estate in the Henry County area contact us today.

 

Healthcare Real Estate in Demand for 2016

With healthcare costs continuing to rise and the rapidly growing aging population, medical office space will continue to be in high demand through 2016 and beyond. It’s anticipated that investment in this industry will increase and the retail sector will continue to benefit as outpatient facilities look to lease in areas more convenient to their patients.

Low interest rates and stable tenants lend favorably for investors in the healthcare real estate industry. However, these factors combined with the aging demographic and effects of the Affordable Care Act (ACA) have also increased demand and competition for healthcare properties. These same factors also create some financial uncertainty as question still remain regarding exactly how the ACA and insurance will effect hospitals and healthcare systems that are being charged with reducing costs while increasing the quality of care.

Reducing costs is one factor that is also driving healthcare – particularly outpatient services – to retail centers. With the ACA increasing the number of insured and convenience continuing to drive consumer trends, more people are choosing their healthcare providers the same as traditional retail in terms of choice and cost. Medical providers are relocating to shopping centers to capitalize on foot traffic and retail health clinics are on the rise due to their ability to provide longer hours, shorter waits and onsite services such as a pharmacy.

McWhirter Realty Partners continues to follow healthcare trends and understands the context, challenges and opportunities faced by medical practices in this market.  Plus, we have a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout the metro Atlanta area.

Current leasing opportunities include six buildings in Decatur, Georgia, adjacent to Dekalb Medical with 14,000 SF currently available for lease. More information on the properties can be found here.

McWhirter Realty Partners understands the intricacies of site selection and entitlements to effectively guide decisions. If you have questions about healthcare real estate in the Atlanta area contact us today.

 

 

 

Healthcare Real Estate Remains Strong through Third Quarter 2015

A growing population and aging demographic coupled with the implementation of the Affordable Care Act are creating opportunities for new development and expansion within the healthcare real estate industry.

With more people having access to healthcare, there is an uptick in hospital expansion in new markets and in the creation of suburban clinics. There is also a growing trend to move diagnostic and treatment services such as oncology, cardiology and orthopedic care away from main campuses into clinics closer to the patient population most in need of these services – the boomers. Construction of new facilities allows for strategic location of services and is also better suited for today’s technology infrastructure that can withstand the fast-paced changes occurring within the industry.

In May, McWhirter Realty Partners and MB Real Estate Healthcare Group broke ground on a 30,000 square foot expansion of medical office space in Conyers, Georgia. The new medical office building in Conyers Medical Park allows Rockdale Medical Center, a subsidiary of LifePoint Health, to expand its urgent care, general surgery, vascular and neurological operations among other specialties.

This is the second of four buildings planned for the Conyers Medical Park and is scheduled for completion in the fourth quarter of 2015.

McWhirter Realty Partners continues to follow healthcare trends and understands the context, challenges and opportunities faced by medical practices in this market.  Plus, we have a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout the metro Atlanta are. If you have questions about healthcare real estate in the Atlanta area contact us today.

 

Case Study: Turn Key Real Estate Solutions

aerial empty parking

Pinnacle Orthopedics- Marietta, Georgia

In 2003, Pinnacle Orthopedics engaged McWhirter Realty Partners to build its Marietta medical office and cha rged the firm with land acquisition, zoning, development and management. The two-story, 40,000 SF building was completed in 2004 and houses Pinnacle Orthopedics’ clinic, physical therapy practice and MRI unit.

After development was complete, McWhirter Realty Partners was retained as the Asset and Property Management Company. In 2015 Pinnacle decided to sell the building to a Healthcare REIT and McWhirter Realty Partners represented the company in the sale. The new owner continues to rely on McWhirter Realty Partners for Asset and Property Management and has since enlisted them for construction management services as it expands the physical therapy and MRI unit.

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Healthcare Providers Reevaluate Real Estate Options in Growing Market Segment

Industry Focus: Healthcare Real Estate 

Rapid changes in the healthcare system are affecting many aspects of the industry – including how medical practices are making real estate decisions.  Two major trends are affecting how healthcare providers are reevaluating the real estate options available.  And now it’s more important than ever for medical practices to work with a real estate broker who thoroughly understands the site, entitlement, technology and other needs unique to healthcare tenants. 

Healthcare Trend: Consolidation 

Consolidation of health systems is happening across the country with large systems absorbing smaller ones. Additionally, many private practice physicians are joining large systems due to their ability to more cost-effectively and efficiently adhere to changes mandated by the Affordable Care Act. With these major shifts in the industry, owners of medical office space are now leasing larger spaces – 25,000 square feet or more – and seeing very little movement in current tenants. 

Healthcare Trend: Community-based Care 

Where people are going for medical care is also changing.  There is a push toward more community-based health management – essentially locating medical facilities based on the population’s needs and availability of resources to meet them. This means large systems are locating offices convenient to its’ patient population so post-discharge care is easy for the patient, in turn lowering readmission rates that are costly for the care provider. Real estate companies are seeing an increase demand for medical office space in rural or suburban markets. Existing medical office tenants are also choosing to renovate rather than relocate to meet changes in technology or other industry advances. 

McWhirter Realty Partners continues to follow healthcare trends and understands the context, challenges and opportunities faced by medical practices in this market.  Plus, we have a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout the metro Atlanta are. We understand the intricacies of site selection and entitlements to effectively guide decisions. If you have questions about healthcare real estate in the Atlanta area contact us today. 

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in healthcare, industrial, self-storage, office, retail and land sales throughout the United States. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com