Ensemble Real Estate Solutions’ statistics for 2012 show a 43% year-over-year increase in total square footage leased and a year-end total of $62.5M in transactions.
Ensemble successfully closed 224 transactions last year, absorbing more than 1 MSF of medical office space.
“We are pleased with Ensemble’s results as the industry navigated through some uncertainty in the economy in 2012,” said William Molloy, Managing Director and CEO of Ensemble Real Estate Solutions.
“As we head into 2013 we anticipate some movement as the overall healthcare industry gains a clearer picture of the new healthcare legislation and how mandated healthcare exchanges are implemented.”
A notable company highlight of 2012 was the addition of five medical office buildings from LaSalle Investments to Ensemble’s leasing portfolio and the subsequent increase in occupancy rates from 50% to 75% in their Chandler Medical Center building.
Ensemble also successfully completed the development of Surprise Medical Plaza, with a total lease-up of 26,000 SF, and now manages and leases the property.
“Our focus in 2013 is to continue to provide and further develop our in-house expertise in the nuances of medical office building real estate,” said Tracy Altemus, Executive Vice President, Healthcare Brokerage Services for Ensemble. “The industry will see some changes in the coming year with the patient protection and affordable care act and it is our company mission to remain a trusted resource on the latest issues.