August 21, 2023

Making A Prescriptive Decision Before Investing with Chris Bodnar

41 minutes

Chris Bodnar is the Chief Executive Officer of Prescriptive Capital, a private equity company focused on investing in limited partner and general partner positions in healthcare, life sciences and senior housing real estate.

Prior to founding Prescriptive Capital, Chris served as Vice Chairman of the U.S. Healthcare & Life Sciences Capital Markets at CBRE, a Fortune 150 company. At the time, Chris was the youngest investment advisor to be appointed to Vice Chairman in the company’s history and one of the first to start a national practice focused exclusively alternative real estate assets. Over the course of his career, he has advised on thousands of transactions totaling more than $20 billion in value.

He serves on the Editorial Advisory Board of the publication Healthcare Real Estate Insights, is on the ULI Healthcare and Life Sciences council, and is the Chair Emeritus of the Building Owners & Management Association (BOMA) Medical Office & Healthcare Real Estate Conference. In 2013, Healthcare Real Estate Insights selected Chris as their Healthcare Executive of the Year as part of their annual HREI Insights Awards. Chris has a Bachelor of Science degree in Business and Real Estate from the University of Colorado Boulder – Leeds School of Business.

[00:01 - 08:27] Chris Bodnar Shares His Career Journey and Mindset

Chris discusses his career journey and how it has prepared him for his new venture

Chris shares a story about his mother, who taught him empathy and how it has helped him in business

Chris talks about the importance of honing your skillset and how stepping in to do something you're not trained to do can be a positive experience

[08:28 - 15:15] Prescriptive Capital Partners Launches Medical Office Building Project

Prescriptive Capital is a healthcare real estate investment company focused on alternative real estates assets, such as medical office buildings and senior living communities

The company has just funded a medical office building in the affluent suburb of Houston and is also developing another project in the Woodlands area

The company is focusing on high-traffic thoroughfares in the Woodlands area and is targeting physicians as its main investors

[15:16 - 24:13] How the Lease is Signed

The lease for the surgery center is signed with physicians

The surgery center will generate more money for the physicians than they would if they were to invest in real estate

The surgery center is an example of a business that is profitable and has high margins

The practice has 52 doctors, and most of them are new to the business

[24:14 - 40:37] Tips for Success

To trust the process and focus on what will produce the results rather than the results or process

How he learned to ask for favors and set the stage first by saying he had a secret to ask, and then giving a reason

Chris's advice is to talk to as many people as possible to learn about the industry

[40:38 - 41:24] Closing Segment

Key Quotes:

“Brokers get overpaid for what they do because you hire them to lease space.” - Chris Bodnar

“I think a lot of us wanna keep it in so we don't fail. But by keeping it in, you're just gonna fail anyways. So, which way do you wanna fail?” - Chris Bodnar

Connect with Chris:

Linkedin: https://www.linkedin.com/in/louis-o-connor-

Website: https://strategicmetalsinvest.com

Visit us on our Website: https://www.naiop-colorado.org/

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By NAIOP Colorado