MINNEAPOLIS (Dec. 1, 2023) — Northmarq is honored to be named by industry news leader GlobeSt.com as a 2023 Healthcare and Senior Housing Influencer.
Below is content originally published by GlobeSt.
2023 Healthcare and Senior Housing Influencers
In many ways, the healthcare real estate sector is a stealth one. Year after year, these assets, primarily medical office, produce steady returns with little fluctuation, delighting its loyal investors. Senior housing, another component of this asset class, is much the same albeit with a little more volatility depending on its fundamentals. Still, navigating these categories is no mean feat for the men and women who specialize in them. Regulations hang heavy over the sector and healthcare real estate has not escaped the current issues troubling commercial real estate, namely high interest rates and falling valuations. In the following pages we acknowledge the accomplishments of these people, their teams and their companies.
Northmarq identified the healthcare sector as an essential asset class even before the pandemic brought it into sharp focus. The firm has studied the sector for decades and stayed ahead of shifting trends. For example, 10 years ago, the firm structured a more than $50 million sale-leaseback veterinary clinic portfolio with a leading net lease investor before investing in vet clinics was considered mainstream. Using this and other past experiences, Northmarq has been able to help clients stay ahead of emerging trends, as urgent care centers grew in popularity and as “medtail” became a recognized concept.
Founded in 1960 and now led by CEO Jeffrey Weidell, Northmarq’s healthcare expertise includes single-asset and portfolio sales, as well as sale-leaseback transactions and 1031 exchanges that span all types of healthcare assets including medical office, urgent care, dialysis facilities, ambulatory surgery centers, freestanding emergency rooms, specialty hospitals and other medical facilities. The firm has closed 700 healthcare transactions with more than $4 billion in healthcare sales volume, including 270 healthcare sale transactions totaling $1.38 billion during the past three years. The firm’s brokers work with clients on all deal sizes, from $1 million or smaller up to $100 million or more, and across all national US geographies.
Northmarq has brokered single-asset healthcare transactions in 40 states, with more than 35 multi-state portfolio sales. Recently, the firm brokered the sale of an 18,000-square-foot medical office space for $9.7 million and a net lease dialysis center of 25,000 square feet. Northmarq also recently secured $7.15 million in acquisition financing for Discovery Behavioral Health in Chicago and the refinance of a medical office portfolio for $17.75 million.
View the 2023 GlobeSt. Healthcare and Senior Housing Influencers.
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