Providers Properties and Performance

This week's episode of the Providers, Properties and Performance podcast features a few minutes from the most listened to clinician interviews of 2021. You will hear from Aric Burke, CEO of Atlas Healthcare Partners, Dr. Rassa Abdoll of the Center for Pediatric Dentistry, Dr. Jonathan Johnson of Comprehensive Wound Care Services and Capital Aesthetic and Laser Center and the two-part episode with Dr. Alejandro Badia from Badia Hand to Shoulder Center, The Surgery Center at Doral and OrthoNOW Immediate Orthopedic Care Center.

This episode features…

[1:25] Episode 51: Lowering the Cost of Care for Hospitals, Patients, and Offering Investment Opportunities to Physicians, with Aric Burke

[8:57] Episode 43: A Dentist's Journey Through Healthcare Real Estate Ownership, with Dr. Rassa Abdoll

[15:47] Episode 46: The Story of an Entrepreneur, Wound Care Clinician and Property Owner, with Dr. Jonathan Johnson

[23:27] Episode 41: A Clinician's Perspective on Healthcare (Part 1), with Dr. Alejandro Badia

[30:16] Episode 42: A Clinician's Perspective on Healthcare (Part 2), with Dr. Alejandro Badia

Links to resources:

Aric Burke: Atlas Healthcare Partners | LinkedIn | Book

Dr. Rassa Abdoll: Center for Pediatric Dentistry | LinkedIn

Dr. Jonathan Johnson: Comprehensive Wound Care Services | Capital Aesthetic and Laser Center | LinkedIn

Dr. Alejandro Badia: Badia Hand to Shoulder Center | The Surgery Center at Doral | OrthoNOW | LinkedIn | Book

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

This week's episode of the Providers, Properties and Performance podcast is an interview where Galen Nuttall interviewed me on his Clean Bill of Wealth podcast. On Galen's Clean Bill of Wealth podcast, he interviews physicians and professionals about financial health. As a certified financial planner, he helps physicians make financial decisions to help grow their wealth. We discussed the benefits of, and differences between, active and passive ownership in healthcare real estate.

In this episode, we talk about…

[1:34] How I support physician owners and investors

[5:09] The stage when physicians tend to look at investing in healthcare real estate

[10:40] The stage when physicians can benefit from support to invest in healthcare real estate

[12:54] Ongoing management after acquiring a property

[18:55] The decision to invest in multiple properties

[21:57] Income properties and taxes

[24:06] Ongoing revenue and profit from healthcare real estate

[27:58] Investment options

[34:14] The tradeoff between training to become a physician and learning about investment

Links to resources:

Galen Nuttall

www.gnuttall.com

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

Trisha's guest this week is Dr. Vu Kiet Tran, an emergency room physician who now also consults with, advises, and mentors other physicians on personal financial health and investments to help them grow their wealth. They discuss the differences in healthcare systems between Canada and the United States, his entrepreneurial path, as well as his medical career.

In this episode, we talk about…

[3:17] Being in geriatric medicine during the COVID-19 pandemic

[5:00] Differences in the healthcare systems between Canada and the United States

[12:38] Physician ownership in Canada

[15:09] Vu Kiet's entrepreneurial path

[25:46] Advising physicians on real estate investment as part of their financial plans

[29:19] Vu Kiet's first job

[29:59] What Vu Kiet would be doing for a living if he was not a physician

[30:53] What Vu Kiet is reading for news, information, or inspiration

[34:02] Vu Kiet's healthy self-care

[35:39] Vu Kiet's thoughts on whether or not a person is born with the desire to heal

Links to resources:

Vu Kiet Tran, M.D., MHSc, MBA, CHE, ICD.D.

Physician, Consultant, Mentor

www.financialhealthdoc.com

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

This week's episode of the Providers, Properties and Performance podcast is an interview where Brent Lacey interviewed me on his The Scope of Practice podcast. Brent's The Scope of Practice business aims to educate his fellow physicians on financial health and in this interview we discuss the economic benefits of physician ownership of the place where a clinician practices as well as physicians becoming real estate investors. Brent is also a practicing physician at Texas Digestive Disease Consultants.

In this episode, we talk about…

[2:19] How I got into healthcare real estate

[6:15] The time it takes to be a physician owner while also practicing medicine

[9:47] The money involved with buying versus leasing healthcare real estate

[13:42] The capital side of healthcare real estate investment

[15:55] Choosing to buy an existing space or build your own space

[18:55] How to pick the right location for your healthcare real estate

[21:52] Factors to consider on a five, ten, and twenty year timeline

[24:37] The upside to being a physician owner

[26:26] Taking advantage of a high internal rate of return

[28:51] The timing of healthcare real estate investment

[32:32] Structuring legal ownership of real estate

[34:48] Working with a healthcare real estate advisor

Links to resources:

Brent Lacey

www.thescopeofpractice.com

The Scope of Practice Podcast

www.thescopeofpractice.com/the-scope-of-practice-podcast/

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

Trisha's guest this week is James Winchester, Principal and Lead Financial Strategist with CMAC Partners. CMAC exclusively works with physicians that want to own the real estate where they practice. The company began with sourcing financing for physician owners, and they now also develop ownership structures that allow clinicians to own different amounts in different sites and that allow for change in ownership throughout the life cycle of clinicians' careers.

In this episode, we talk about…

[2:41] The background of CMAC Partners

[5:38] Ownership structures in real estate

[7:01] Partnerships in real estate

[9:36] Flexible ownership structures that can change over the course of a career

[13:52] The legal side of flexible real estate ownership

[15:46] How physician groups get connected with CMAC Partners

[16:40] Where CMAC Partners works geographically

[17:02] Working with large physician groups

[20:38] Allowing physicians to own property and continue to practice medicine

[26:50] James's first job as a mechanical engineer

[28:20] What James would be doing for a living if he was not in real estate

[29:01] What James is reading and listening to for news, information, and inspiration

[30:04] What James does for daily self care

[31:42] Whether leaders are born or trained

Links to resources:

James Winchester, Principal and Lead Financial Strategist

CMAC Partners

www.cmacpartners.com

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

Trisha's guest this week is Kevin Jones, Managing Director and Real Estate Practice Leader at ZRG Partners. He focuses on recruiting for the healthcare real estate sector. Our discussion centers around the role technology plays in decision-making within the healthcare real estate industry, and combining that with the traditional "boots on the ground" way of doing business in commercial real estate.

In this episode, we talk about…

[2:12] The background of ZRG Partners

[4:00] Kevin's professional background

[5:49] How technology is changing commercial real estate

[11:43] Balancing technology with building relationships

[15:33] Recruiting for the healthcare real estate industry

[19:05] Kevin's first job

[21:09] What Kevin would be doing for a living if he was not working in healthcare real estate

[22:12] Where Kevin gets news and information

[23:38] What Kevin does for self-care

[24:43] Whether leaders are born or trained

Links to resources:

Kevin Jones, Managing Director and Real Estate Practice Leader

ZRG Partners

www.zrgpartners.com

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

This week Trisha is sharing an interview she did on the Real Estate Investing for Cash Flow podcast by Kevin Bupp. They discussed healthcare real estate, why it is attractive, and what investors need to know before entering into the asset class. In addition, they touch on sale leasebacks, some pandemic effects, and a general overview of the industry.

In this episode, we talk about…

[2:01] Trisha's background and how she got her start in the healthcare real estate industry

[5:15] The impact of the COVID-19 pandemic on the healthcare real estate market

[8:20] Pricing adjustments related to the pandemic

[11:22] Sale leaseback strategies

[14:39] Going after value-add healthcare projects

[17:30] Converting retail or office assets into healthcare properties

[21:10] Common mistakes in healthcare property management

[23:46] Reflecting on a challenging deal

Links to resources:

Kevin Bupp

https://www.kevinbupp.com/

Real Estate Investing for Cash Flow Podcast

https://www.kevinbupp.com/podcast/

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

Trisha's guest this week is Aiman Shehabi, a private real estate investor who recently worked on a deal with Trisha as a first-time commercial real estate investor. Aiman had purchased the property in 2004 at a high occupancy rate, experienced the 2008-2009 economic downturn, and then held the property during a light rail construction project right in front of the property.

In this episode, we talk about…

[2:14] An overview of Aiman's real estate investments

[3:28] The decision to invest in a medical office building

[4:42] The impact of the light rail construction project

[9:02] Whether Aiman would invest in another medical office building in the future

[9:59] Aiman's first job in medical staffing

[10:26] What Aiman would be doing if he did not invest in real estate

[10:59] What Aiman reads and listens to for news and information

[12:08] What Aiman does daily for self-care

[12:36] Whether leaders are born or trained

Links to resources:

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

I'm announcing the official launch of Doc Properties, a healthcare real estate investment firm!

Doc Properties helps healthcare practices and medical property investors:

• Maximize the economic benefit of owning healthcare properties
• Position medical properties for cash flow
• Improve underperforming properties
• Maximize returns when selling

By helping healthcare practices on the financial side of owning the real estate where they operate, and providing strategies for managing occupancy costs, Doc Properties enables practices to better focus on providing quality care.

Links to resources:

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]

Trisha's guest this week is Jay Heald, Vice President, Business Development and Managing Broker with MedProperties Group. MedProperties Group delivered beautifully designed, functional, and high-quality medical office buildings to the market. Jay shares how they are developing according to trends and demands, as well as their flexibility to offer physician ownership for those practices interested in building equity.

In this episode, we talk about…

[2:36] The story behind MedProperties Group

[4:38] How Jay started his career in healthcare real estate

[5:41] MedProperties Group's geographic focus

[7:57] Physician ownership

[9:08] One of Jay's interesting transaction stories

[11:13] Accommodating what tenants are looking for

[12:01] Focusing on medical office buildings

[12:54] How the COVID-19 pandemic has affected MedProperties Group

[16:11] Jay's outlook on healthcare in the next three to five years

[19:58] Construction costs and economies of scale

[22:34] Jay's first job

[23:55] What Jay would be doing for a living if he was not in the healthcare real estate industry

[24:46] What Jay is reading for news, information, and inspiration

[26:29] Jay's daily self-care

[27:26] Whether leaders are born or trained

Links to resources:

Jay Heald, Vice President Business Development & Managing Broker

MedProperties Group

www.medpropertiesgroup.com

Subscribe, rate and review: www.providerspropertiesandperformance.com

Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/

About Trisha:

WEBSITE: www.docproperties.com

LINKED IN: https://www.linkedin.com/in/trishatalbot/

Email inquiries to: [email protected]