VIDEO: Healthcare Real Estate Acquisitions

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HSA PrimeCare has just released the third episode in its informational series, Ask an Advisor! Watch interviews with HSA PrimeCare team members, in which they discuss topics related to healthcare real estate brokerage, acquisition, and development. The episode above features HSA PrimeCare senior vice president, Jon E. Boley, discussing the topic of healthcare real estate acquisitions.

Viewers are encouraged to post their healthcare real estate questions and topics in the comment section on YouTube, so please feel free to Ask an Advisor!

USAA Real Estate Company and HSA PrimeCare Announce Joint Venture to Acquire and Develop Healthcare-Sector Properties in the Midwest

USAA-PrimeCare Combined Logo

(CHICAGO) USAA Real Estate Company (“USAA RealCo”) and HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, today announced the formation of a joint venture to acquire and develop outpatient healthcare real estate assets across 11 states throughout the Midwest. Together with this announcement, the new joint venture also made its first acquisition, of a 97,375-square-foot portfolio of medical office assets located in northwest Indiana and in Tinley Park, Ill., a suburb southwest of Chicago.

The newly-formed equity fund is positioned to acquire and/or develop a broad range of healthcare real estate such as medical office buildings, cancer centers, ambulatory surgery centers, medical wellness centers, and other specialty centers. HSA PrimeCare, a leading developer and manager of medical office buildings in the Midwest, will provide investment analysis, development, leasing and property management services to the newly formed partnership.

Executive leadership of HSA PrimeCare and HSA Commercial who will collectively lead this venture include Bob Smietana, Dan Miranda and John Wilson. Commented John Wilson, president of HSA PrimeCare: “We are extremely proud to be forming this new venture with USAA Real Estate Company. USAA RealCo’s unparalleled reputation, coupled with its exceptional depth of resources and commitment to healthcare real estate, will combine with our own expertise and local knowledge to create a preferred provider of real estate solutions for healthcare providers.”

Through its own proprietary analysis, USAA RealCo identified the healthcare real estate sector as one poised for strong growth potential. In forming the joint venture with HSA PrimeCare to pursue acquisition and development of healthcare real estate assets, USAA RealCo broadened its geographic exposure to the sector beyond the Southeast, where it began investing in 2015, to include the Midwest. Today, through co-investments and joint ventures, USAA RealCo’s portfolio includes approximately 415,000 square feet of healthcare real estate assets.

“We are delighted to have established this important relationship with HSA PrimeCare, which represents the continuation of our strategy to expand our portfolio of healthcare real estate assets across the country, with best-in-class partners recognized for their expertise, leadership and cultural compatibility. Partnered together, we hope to capitalize on the emerging opportunities in the healthcare industry,” commented Len O’Donnell, president & CEO of USAA RealCo.

About USAA Real Estate Company

USAA Real Estate Company, with approximately $15 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About HSA PrimeCare / HSA Commercial Real Estate

HSA PrimeCare partners with some of the leading health care institutions in the nation to create development, project management, leasing, monetization, and property management real estate solutions that address the needs of today’s patients while satisfying the financial goals of the health system. A leading developer and manager of medical office buildings in the Midwest, HSA PrimeCare has developed, acquired, or serviced health care properties of more than 1,500,000 square feet. HSA PrimeCare is a division of Chicago-based HSA Commercial Real Estate, a diversified, full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. For more information, please visit www.hsaprimecare.com or www.hsacommercial.com.

HSA PrimeCare Healthcare Real Estate Advisors Featured at Two Upcoming Events

In the upcoming months, there are two opportunities to hear HSA PrimeCare healthcare real estate professionals share their expertise on current Midwest market trends.

Jon  E. Boley, SVP

Jon E. Boley, SVP

CAPRATE Events has announced HSA PrimeCare Senior Vice President of Acquisitions, Jon Boley, as a featured panelist at the Second Annual Chicago & Midwest Healthcare Real Estate Summit. This Thursday, Boley will speak alongside McGuire Woods Partner, Scott Becker; Waller Partner, Jeffrey Calk; Cushman & Wakefield Managing Principal, Mark Johnson; and Navigant Director, Michael O’Keefe in discussing the evolution of the healthcare real estate lease. Attendees of the full-day conference will enjoy breakfast, lunch, and multiple networking breaks throughout the day, in addition to informational panels featuring healthcare real estate experts.

In his role at HSA PrimeCare, Jon Boley is responsible for sourcing, underwriting and closing medical facility developments and acquisitions, as well as providing market and financial analysis, risk analysis, asset evaluations and related economic modeling for PrimeCare‘s healthcare real estate portfolio as well as prospective medical office transactions.

John Wilson, President

John Wilson, President

Next month, HSA PrimeCare President, John Wilson, will speak at Bisnow’s 4th annual healthcare real estate event, “How Attractive is that Investment?” Other panelists include Ventas EVP, John Cobb; Northwestern Memorial Healthcare VP, Gina Weldy; Cushman & Wakefield Senior Director, Loren Guzik; and others. The panelists will begin the discussion at 8:00am, following a networking breakfast and end at 10:00am, after a “post-game schmooze.”

In 1995, John Wilson created a healthcare real estate advisory initiative, which has grown into HSA PrimeCare. John oversees the growth of this group, which has served clients such as Advocate / Good Samaritan Hospital, Christ Medical Center, Lutheran General Hospital, University of Chicago Hospitals, Silver Cross Hospital, Children’s Memorial Hospital, Franciscan Alliance, Ingalls Health System, and Loyola Medical Center, to name a few. HSA PrimeCare has quickly grown its portfolio of developed and purchased properties to over 20+ healthcare facilities, and now manages medical properties totaling over one million square feet across the Midwest.

According to Bisnow, the event will include, “plenty of schmooze time and discussion topics ranging from the future of hospital and health system financial survival, the creation of private-public partnerships, and the impact of Obamacare on the greater Chicagoland area.”

CAPRATE Events’ Healthcare Real Estate Summit Information:
Thursday, June 18, 2015
7:30am – 3:35pm
American Dental Association Conference Center
211 E. Chicago Ave.
Chicago, IL 60611
Register Now

Bisnow’s “How Attractive is that Investment?” Event Information:
Tuesday, July 28, 2015
7:00am-10:00am
Venue TBD
$65 Early Bird Rate
Register Now