Real Estate For Medical Purposes
When considering medical real estate, consider the benefits of a real estate broker. Not only will a broker help you find a good deal, but he or she will guide you through the process. A broker will help you avoid pitfalls that can make the entire process stressful, expensive, and time-consuming. They can also help you save money on occupancy costs. These benefits are worth their weight in gold. If you're interested in real estate for medical purposes, read on to learn more.
There is no doubt that a large demand for medical space has resulted from the continuing expansion of the American economy. Health care jobs are increasing, but reimbursements have been flat or declining in recent years. A few years ago, medical office space was considered taboo. Today, developers, lenders, and investment markets still view medical office space as a safe investment, so you should feel confident that the market is still on the upswing.
The Caddis Acquisition Fund I contributed to the joint venture's mandate by purchasing a 12-asset portfolio of medical office buildings in the U.S. sunbelt markets.
The fund also purchased three more MOBs worth $56 million. This made Caddis' portfolio comprised of 15 medical office buildings, and the company expects a long runway for its brand. If the investment goes well, Caddis expects to acquire several billion dollars' worth of medical office buildings.
Medical office buildings are an excellent investment strategy. As American's health care needs grow, the need for medical care office space will continue to grow. In fact, the Centers for Medicare and Medicaid Services project that U.S. healthcare spending will rise by $1.9 trillion between 2020 and 2027. Taking advantage of the current market is an excellent opportunity for prospective buyers of MOBs. Before signing any contract, however, make sure you've considered a few things.
Unlike a career in medicine, real estate provides financial security. Medical practices can generate income on a monthly basis while generating equity over time. As long as you have a steady source of income, investing in real estate may even be an excellent way to maximize tax benefits. You can use mortgages from your practice to purchase a piece of property, hire a property management company to maintain the property, and collect the rents. The property management company will direct deposit the profits into your physician's account. As a medical professional, you should also consult a CPA to ensure that you qualify for the appropriate tax write-offs. Visit https://www.rca-global.com/services for more detailed info about the best real estate services.
Another benefit of medical real estate is its proximity to retail spaces. When compared to office buildings, retail spaces tend to be more accessible to consumers. Because of their proximity to target populations, medical office tenants are increasingly choosing retail space. During 2008, 13.6 percent of medical office tenants leased retail space. By comparison, 33.5 percent leased retail space in 2018. The post https://en.wikipedia.org/wiki/Real_estate will enlighten you further on this topic, check it out.
