HSA PrimeCare Again Recognized as a Healthcare Influencer by Real Estate Forum Magazine

In the November/December 2019 edition of Real Estate Forum Magazine (RE Forum), the publication recognized HSA PrimeCare in its national list of influencers in Health Care Real Estate. The article acknowledged the firm for growing into one of the largest developers and managers of healthcare facilities in the Midwest with a 2-million-square-foot portfolio throughout eight states. It also highlighted HSA PrimeCare’s recent development, the 40,000-square-foot medical office building on-campus at Silver Cross Hospital, which is scheduled for completion first quarter 2020. The facility will be located on Silver Cross Boulevard just west of the hospital, and it will house the hospital’s urgent care, primary care, and occupational health clinics.

In addition to the team’s Healthcare Influencer recognition, HSA PrimeCare SVP Jon Boley was featured in another article in the publication, entitled Healthcare Real Estate Developers Get Creative. In the feature, Boley addressed the growing investor interest in healthcare properties driven by a rapidly aging population with increased healthcare utilization as well as the overall stability of the sector.

Jon E. Boley, SVP of Acquisitions & Development

“Healthcare has withstood recessions better than other asset classes,” says Boley. “In the 2008 recession, we found that our portfolio continued to perform. Even in a downturn, healthcare services are required and needed, and doctors will continue to see patients. It is an asset class that has withstood recessions. As a result, this late in the cycle, we see an increase in capital in the space.”

Boley also discussed how HSA PrimeCare has shifted its development strategy to accommodate changing patient and healthcare provider needs. The new Silver Cross Urgent Care Center that the firm is currently developing is a prime example of a project that lessens patient wait times while lowering provider costs by redirecting patients to an outpatient setting.

“The big opportunity now is health system, physician-driven build-to-suit properties,” says Boley. “The Silver Cross property is in an outpatient area of the hospital campus. While there is an emergency room on the campus, there was also a need for a place to appropriately direct patients coming into the emergency rooms but have lower acuity problems, like a fever.”

Congratulations to Jon and the HSA PrimeCare team on this recognition! Click here for the full digital edition of Real Estate Forum Magazine.

HSA PrimeCare Team Member Volunteers with CREW Chicago to Build Homes for Low Income Women-Led Families in West Pullman

Last week, HSA PrimeCare director of marketing and senior associate of leasing/development, Olivia Wirth participated in Habitat for Humanity Chicago’s 2019 Women Build event in the West Pullman neighborhood of Chicago. The annual five-day event brings together over 400 women with the goal of raising $275,000 and advancing the construction of Habitat Chicago’s affordable homes. Olivia joined a team of twelve builders assembled by CREW Chicago, the Chicago chapter of CREW Network, a global organization for women in commercial real estate, and together the team members contributed to the successful completion of both of these goals.

In the months preceding the scheduled build day, the team earned the title of top fundraiser by collectively raising $23,391 including a $6,000 donation from CREW Chicago’s board of directors. With the generosity and support of friends, family, and colleagues at HSA, Olivia was able to contribute $1,370 to the total donation.

Upon arriving on site on build day, the team was tasked with cutting and installing vinyl siding on one of the houses. When weather conditions presented challenges, the team moved indoors where they cut and laid tile flooring in the front entryway and vinyl plank flooring in the bedrooms. Olivia and the CREW Chicago team had the pleasure of working alongside three of the women who will be purchasing the new homes once they are complete.

Olivia would like to sincerely thank everyone who helped contribute to the strength and stability that homeownership will bring to these women-led families.

For more information on Women Build, please visit Habitat for Humanity’s website.