Diversified Healthcare Trust Enters Into $703M JV
February 01, 2022
Health Care Property Sector has Evolving Definition
In the longer run, the sector is evolving due mainly to the aging population, technological advances, and greater emphasis on a healthy lifestyle, says Peter L. Curry, Esq., Real Estate Practice, Farrell Fritz, P.C. He notes that the healthcare sector loosely defines several different types of real estate, including retail, research and development, medical and pharmaceutical manufacturing, and telehealth and that all of these facets of commercial real estate are growing.
“However, some of these segments are antithetical to each other,” Curry tells GlobeSt.com. “Reliance on telehealth reduces the need to have in-person visits to medical offices and surgicare centers. Owners of healthcare sector properties will need to stay conversant with the constant changes in the delivery of medical services to patients to avoid over-reliance on types of properties that may become obsolete as medicine and healthcare continue to expand in the near and long-term future.”
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