Providers Properties and Performance

Trisha's guest this week is Mark Mullen, Senior Vice President of Development with Klingbeil Capital Management. Klingbeil typically owns, operates, and develops apartment complexes throughout the country. Mark shares their story of getting into the medical office asset class for a short period of time, starting with medical office condos and ending with a multi-tenant medical office building that sold a couple years ago.

In this episode, we talk about…

[2:07] The history of Klingbeil Capital Management

[4:27] What attracted the company to the medical asset class

[7:44] Facing the challenge of tenants wanting short-term leases

[9:14] Klingbeil's future plans regarding medical office assets

[10:40] Mark's words of wisdom for those considering stepping into the medical office asset class

[14:18] What Mark's day-to-day is like at Klingbeil

[15:08] Mark's first jobs

[16:16] What Mark would be doing if was not working in commercial real estate

[16:48] What Mark is reading and listening to for news, information, and inspiration

[18:12] Mark's self-care activity

[18:30] Whether leaders are born or trained

Links to resources:

Klingbeil Capital Management, Ltd.: www.kcmapts.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 Chase Westen, Chief Administrative Officer with Phoenix ER & Medical Hospital. This is a micro-hospital located in Chandler, Arizona, and he shares how he is able to maintain a five-minute or less wait time for patients. We also discuss how to triage patients to determine if they are in an emergency or non-emergency situation, and then guide them to where they can receive effective treatment. With the rising costs of healthcare, they are very transparent in their costs. This is a timely and interesting conversation, and I hope you enjoy it as well!

In this episode, we talk about…

[2:25] What a micro-hospital is and the background of Phoenix ER & Medical Hospital

[4:38] Understanding health insurance

[7:21] How to handle a busy micro-hospital and what to do during overflow situations

[11:37] Maintaining the five-minute or less wait time

[13:16] The patient triage process

[14:51] Thinking outside the box and hands-on leadership

[18:11] Pricing transparency

[20:09] How the location serves the micro-hospital

[22:11] Building the facility

[24:09] Chase's outlook on healthcare policies and regulations supporting micro-hospitals

[28:09] Chase's views on the future of micro-hospitals

[30:20] Chase's first job

[31:05] What Chase would be doing for a living if he was not running a micro-hospital

[31:40] What Chase is reading for news and information

[32:59] What Chase does for self-care

[33:54] Whether leaders are born or trained

Links to resources:

Phoenix ER & Medical Hospital: www.phoenixerhospital.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 Christie, DC, owner/chiropractor at Health-Fit Chiropractic & Sports Recovery. He takes us through the path of being an entrepreneurial clinician and how he started his private practice, purchased the real estate that he operates in, and continues to grow and expand as a business owner.

In this episode, we talk about…

[2:15] Kevin's private practice

[4:01] Starting Health-Fit Chiropractic

[7:03] The choice to focus on sports recovery and soft tissue treatment

[9:28] Focusing on recovery and repair before pushing forward with athletic training

[10:49] Choosing practice locations

[12:33] How Kevin wants patients to feel when they come into the office

[14:04] The decision to purchase real estate rather than lease an office

[17:49] Kevin's advice for fellow clinicians contemplating owning vs. leasing

[20:15] Balancing the management of the real estate with patient treatment

[21:59] Kevin's first job(s)

[23:02] What Kevin would be doing if he was not a chiropractor

[23:26] What Kevin is reading and listening to for news, information, and inspiration

[24:54] What Kevin does every day for self-care

[25:28] Whether people are born with the desire to heal or learn it through medical training

[26:56] Whether leaders are born or trained

Links to resources:

Health-Fit Chiropractic & Sports Recovery: www.healthfitchiro.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 David Moises, Director of Investments with Flagler Healthcare Investments. He shares how Flagler uses a very data-driven approach to investing in healthcare. They analyze the health outcomes of a population and then focus on the real estate to support the healthcare industry in that location.

In this episode, we talk about…

[2:23] The background of Flagler Healthcare Investments

[3:08] Focusing on healthcare real estate assets

[4:24] Geographic locations and real estate investment

[7:02] How to identify opportunities for healthcare investments

[10:49] Physician ownership opportunities

[16:50] David's outlook on healthcare real estate

[20:32] An interesting transaction story

[23:12] Inpatient, outpatient, and institutional settings

[28:19] David's first job as a busboy

[31:48] What David reads for news and information

[33:13] Working out as a form of self-care

[33:52] Whether leaders are born or trained

Links to resources:

Flagler Healthcare Investments: www.flaglerinvestment.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 is the second in a two-part series that features Victor McConnell, Managing Director and Head of Real Estate Services with VMG Health. We discuss trends in the healthcare real estate industry and the healthcare industry.

In this episode, we talk about…

[2:01] The trend of private equity buying and consolidating healthcare practices

[5:47] Cap rate compression trends

[7:27] Victor's outlook on healthcare real estate market trends

[8:44] The trend toward convenient access to healthcare

[12:35] Victor's first jobs

[12:49] What Victor would be doing for a living if he was not working in the healthcare real estate industry

[13:15] What Victor is reading for inspiration and information

[13:49] What Victor does for self-care

[14:36] Whether leaders are born or trained

Links to resources:

VMG Health: https://www.vmghealth.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 is the first in a two-part series that features Victor McConnell, Managing Director and Head of Real Estate Services with VMG Health. We discuss evaluating healthcare properties and the importance of understanding the value of your real estate.

In this episode, we talk about…

[2:21] What VMG Health offers for the healthcare industry as well as real estate services

[3:36] How Victor got his start in healthcare real estate

[4:10] The importance of healthcare companies understanding the value and costs of their real estate investments

[6:33] How a hospital or health group can use their valuation to their benefit

[12:02] Quarterly analysis and updates

[14:05] The pandemic's effect on healthcare real estate

[19:26] Telehealth opening the door for using the most expensive real estate for the highest acuity clinical use

[21:38] Working with capital and development partners

[25:14] Advising healthcare companies based on the value of their real estate

Links to resources:

VMG Health: https://www.vmghealth.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 Josh Richmond, Founding Principal and President of Evergreen Medical Properties. We discuss how investing in healthcare properties is much more than just the numbers. The long-term investment success of healthcare real estate property involves the long-term success of the healthcare companies and clinicians that occupy the property, and meeting their needs so they can successfully treat their patients.

In this episode, we talk about…

[2:05] The story behind Evergreen Medical Properties

[5:20] How Josh started his career in healthcare real estate

[7:18] Targeted real estate investing and looking for numbers that make sense

[12:24] Josh's ideal tenants

[13:52] Physician ownership

[15:28] Josh's favorite transaction stories

[18:21] How the pandemic affected Josh's approach in his business

[20:09] The business' sweet spot with acquisitions

[21:18] Josh's outlook on the future of healthcare real estate

[23:41] Josh's first job working in his stepfather's garage

[24:22] If he was not in healthcare real estate, Josh would do something related to geology and forestry

[25:25] What Josh reads and listens to for information and inspiration

[26:41] Meditation as a form of self-care

[28:22] Leaders rise in the right situations

Links to resources:

Evergreen Medical Properties: https://www.evergreenmedicalproperties.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 Ryann Roberts, physical therapist and owner of Arizona Orthopedic Physical Therapy and Kids Place Pediatric Therapy. Ryann takes us on a journey from the start of his career to beginning in private practice and then becoming a physician owner of the real estate that he operates his eight sites out of.

In this episode, we talk about…

[2:44] How Ryann started his physical therapy career

[4:59] Ryann's decision to go into private practice

[6:19] The full scope of services offered through Arizona Orthopedic Physical Therapy

[7:47] Kids Place Pediatric Therapy

[9:51] Deciding where to invest in practice locations

[12:22] Investing in practices versus leasing

[14:58] Ryann's advice for someone who wants to get started in investing in several locations

[17:39] Balancing treating patients with managing real estate investments

[20:31] Ryann's first job working for his parents in their printing shop

[22:52] What Ryann is reading and listening to for information and inspiration

[23:52] What Ryann does for self-care

[24:21] People are born with the desire to heal

[24:59] Leaders can be born or trained

Links to resources:

Arizona Orthopedic Physical Therapy: https://azopt.net

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 is the second in a two-part series that features David Lynn. He is the president and chief investment officer of Healthcare MOB REIT at White Oak Healthcare Finance. We discuss the resiliency of the healthcare real estate asset class that held its value through the pandemic, and we get to know more about David as well.

In this episode, we talk about…

[1:57] The pandemic's effect on underwriting new properties

[2:29] What to look for in properties moving forward

[4:54] The roadmap for Healthcare MOB REIT over the next three to five years

[5:43] Supply and demand in the healthcare real estate market

[9:59] David's thoughts on how the U.S. economy will recover post-pandemic

[12:34] David's first job mowing lawns

[13:17] What David would be doing if he wasn't in healthcare real estate

[14:31] What David reads for inspiration and information

[15:44] What David does for self-care

[17:58] Whether leaders are born or trained

Links to resources:

White Oak Healthcare Finance: https://www.whiteoaksf.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 is the first in a two-part series that features David Lynn. He is the president and chief investment officer of Healthcare MOB REIT at White Oak Healthcare Finance. We discuss how being a mission-critical, demand-driven asset class helped healthcare real estate retain its value through the pandemic and bodes well for long-term resiliency in the market.

In this episode, we talk about…

[2:18] White Oak Healthcare Finance and the Healthcare MOB Real Estate Investment Trust

[3:03] How David's past career experience led him toward his focus on the healthcare real estate asset class

[6:34] The impact of critical and expanding medical services on real estate

[9:52] A comparison of the healthcare real estate market in the United States versus in Singapore

[10:28] Where White Oak Healthcare Finance focuses acquisition efforts

[12:08] Physician ownership

[13:39] Interesting transaction stories

[18:34] His company's response to the COVID-19 pandemic

Links to resources:

White Oak Healthcare Finance: https://www.whiteoaksf.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]