Ron Genovese, founder and designated broker of GPE.

Op-Ed: A healthy advantage

The Affordable Care Act has upended the healthcare landscape, and along with it, the office footprint for many physician practices. Fast-changing technology and related healthcare reform requirements are also shaping tomorrow’s medical spaces.

Meanwhile, demand for medical office buildings will increase up to 20 percent by the middle of this decade, estimates the Urban Land Institute. During the next 10 years, demand for space is expected to increase by more than 60MSF.

Are you ready to take advantage of the ongoing shifts in healthcare real estate? Most owners are finding it difficult to make smart real estate acquisition decisions amid these seismic shifts.

The average medical office building tenant understandably focuses on patient care — not real estate. Current and future owners of medical office buildings will find themselves navigating challenges brought on by the new healthcare laws, all while working with hospitals or hospital-employed physicians. Prospective owners may lack the local knowledge of hospital politics and other facts necessary to make smart acquisition decisions.

That’s why working with companies such as GPE gives buyers a healthy advantage. From working within the hospital systems to working with doctors and medical users, to leasing, developing, marketing, selling and consulting, GPE’s staff offers a full complement of skills, experience, and above all, local knowledge of Arizona’s medical office market. Choosing to work with an expert in healthcare real estate will get the answers to questions many buyers don’t even know to ask.

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Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.