Providers Properties and Performance

Trisha's guest this week is Brian Howard, founder and president of Stage Equity Partners. His real estate investment company is headquartered in Chicago but invests in medical office buildings and healthcare real estate nationally. Brian shares the background of Stage Equity Partners and how he is able to respond to market conditions to make solid investment decisions.

In this episode, we talk about…

[2:09] The story behind Stage Equity Partners

[6:04] Where Brian concentrates his national investment efforts and why

[9:57] Flexibility to buy and sell in the current market

[10:43] Offering physicians ownership in his properties

[14:52] A memorable transaction story

[17:30] How the COVID-19 pandemic impacted Stage Equity Partners

[21:05] Brian's roadmap for the next 3-5 years

[23:01] The outlook for healthcare real estate

[24:32] Brian's first job as a dishwasher

[25:41] What Brian would be doing if he was not working in healthcare real estate

[26:18] Inspirational books he enjoys

[27:07] What Brian does for self-care

[28:42] Whether leaders are born or trained

Links to resources:

Stage Equity Partners: https://www.stageequity.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 Tim Spooner, physical therapist and president/CEO of Spooner Physical Therapy and Proactive MSD. He started Spooner Physical Therapy over 30 years ago, and it has now grown to 22 locations to serve the needs of his patients. Along the way, where he has had to purchase or develop buildings, he has become a physician owner of real estate as a result. Tim has invested in his own sites and he is also a partner in multi-tenant medical buildings.

In this episode, we talk about…

[2:51] How Tim started Proactive MSD

[6:18] Why Tim was drawn to physical therapy

[7:08] Tim's decision to go into private practice

[8:35] The first site of Spooner Physical Therapy

[9:04] The growth and expansion of Spooner Physical Therapy

[10:21] Investing in real estate for private practice and partnering with other physician owners

[12:36] The importance of surrounding yourself with a great team as a physician owner

[15:48] Tim's first job in the Youth Conservation Corps

[16:22] If he was not a physical therapist, Tim would be a teacher

[17:08] What Tim is reading for information and inspiration

[19:07] The desire to heal combined with training needed to fulfill that passion

[21:13] Training for leadership

[25:34] Advice for physicians looking to invest in or grow their first private practice office

Links to resources:

Spooner Physical Therapy: https://www.spoonerpt.com

Proactive MSD: https://www.proactivemsd.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 Gurpreet Padda, MD. He is a private practice physician out of St. Louis, Missouri, who runs Reversing Diabetes MD and Padda Institute Center for Interventional Pain Management. This week we dive into his real estate management, development, and investment company, Red Pill Kapital. We discuss how he started it, what he invests in, and his advocacy for providing passive real estate wealth-building strategies for private practice physicians.

In this episode, we talk about…

[1:39] The disappearance of private practice

[6:04] How Dr. Padda started Red Pill Kapital

[7:34] Evaluating capital growth on a project

[9:52] The decision about whether or not to syndicate investments

[14:09] Real estate lessons learned

[16:04] Being a passive participant versus an active investor in a real estate deal

[20:35] Previous jobs held by Dr. Padda

[23:55] Who Dr. Padda is reading or listening to right now for news, information, or inspiration

[26:38] What Dr. Padda does for self care

[27:31] Is a person born with a desire to heal, or is this learned only through their training?

[28:22] Are leaders born or trained?

Links to resources:

Reversing Diabetes MD: https://reversingdiabetes.com

Padda Institute Center for Interventional Pain Management: https://painmd.tv

Red Pill Kapital: https://redpillkapital.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 Gurpreet Padda, MD. He is a private practice physician out of St. Louis, Missouri, who runs Reversing Diabetes MD and Padda Institute Center for Interventional Pain Management. Dr. Padda also runs Red Pill Kapital, which is a real estate investment development and management company. He is an advocate for educating private practice physicians on passive wealth strategies through owning real estate.

In this episode, we talk about…

[5:05] Getting into real estate as a teenager

[6:08] The desire to have a life outside of the hospital

[9:05] Characteristics that are more relevant than your education when it comes to owning a business

[10:30] The applicability of medical training to real estate

[11:09] How Dr. Padda decided on his medical specialty

[12:39] How capital flow impacts our health as well as the real estate market

[15:17] The importance of investing in real estate for your practice(s)

[16:31] How to decide where to purchase real estate for practice locations based on patient perspectives

[17:33] The effect of the pandemic on retail real estate

[21:28] Selling restaurants before the pandemic began

[24:14] Educating clinicians on creative passive cash flow and equity growth

[25:22] Why physicians tend to make financial decisions based on narcissism

Links to resources:

Reversing Diabetes MD: https://reversingdiabetes.com

Padda Institute Center for Interventional Pain Management: https://painmd.tv

Red Pill Kapital: https://redpillkapital.com

Subscribe, rate and review: www.providerspropertiesandperformance.com

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

This week's episode is the second in a two-part series that features previously-aired interviews with healthcare company owners, including physician owners, who built their own buildings. They share their lessons learned around building a practice as well as owning and operating their own real estate.

Listen in as we feature snippets from...

• [02:17] ...episode 41, where we hear from orthopedic surgeon Dr. Alejandro Badia of Badia Hand to Shoulder Center on a clinician's perspective on healthcare.

• [09:11] ...episode 42, where Dr. Alejandro Badia continues his discussion on how insurance companies and government regulation are causing healthcare costs to skyrocket based on ideas from his book Healthcare From The Trenches.

• [15:15] ...episode 46, where we hear from wound care doctor Dr. Jonathan Johnson of Comprehensive Wound Care Services and Capital Aesthetic and Laser Center on his story as an entrepreneur, wound care clinician, and property owner of two private practices.

• [23:09] ...episode 25, where we hear from chiropractor Dr. David Perrine of Perrine Chiropractic Health Center who discusses his vision for his private practice where he holistically diagnoses his patients to get to the root source of their symptoms to increase their health span, and how he is helping his patients listen to what their bodies are saying to them.

• [29:56] ...episode 26, where Dr. David Perrine continues his discussion on his vision for the future of healthcare where preventative and functional medicine providers work in partnership with specialists to provide better healthcare for patients and ideas for insurance companies to potentially lower the costs of healthcare.

Links to resources:

Alejandro Badia, MD, FACS: Badia Hand to Shoulder Center | LinkedIn

Jonathan Johnson, MD, MBA, CWSP: Comprehensive Wound Care Services | Capital Aesthetic and Laser Center | LinkedIn

David Perrine, DC: Perrine Chiropractic Health Center | LinkedIn

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 previously-aired interviews with healthcare company owners, including physician owners, who built their own buildings. They share their lessons learned around building a practice as well as owning and operating their own real estate.

Listen in as we feature snippets from...

• [01:50] ...episode 43, where we hear from pediatric dentist Dr. Rassa Abdoll on his journey as a dentist through healthcare real estate ownership.

• [11:26] ...episode 29, where we hear from cosmetic dentist and entrepreneur Dr. Nikki Green on providing financing and investing in dental healthcare.

• [20:56] ...episode 16, where we hear from Dr. Troy Anderson, a neurologist specializing in sleep medicine, on his path as a physician owner to advocating sleep health and hygiene.

• [30:05] ...episode 32, where we hear from Natalie Lamberton, CEO at Talas Harbor Healthcare, on acutely serving the behavioral health needs of mature adults.

Links to resources:

Rassa Abdoll, DMD: Center for Pediatric Dentistry | LinkedIn

Nikki Green, DDS: Fort Worth Cosmetic & Family Dentistry | LinkedIn

Troy Anderson, MD: Phoenix Neurology & Sleep Medicine | LinkedIn

Natalie Lamberton, CEO: Talas Harbor Healthcare | LinkedIn

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 today is Aric Burke, CEO of Atlas Healthcare Partners. Atlas owns and operates ambulatory surgery centers together with Banner Health through its markets. We talk about the ASC's role in the healthcare ecosystem as well as Atlas's business model. Atlas not only offers a convenient location for its patients and a lower cost of care for both the hospital and the patient, but also allows the physicians a convenient way to perform cases and gives that same convenience to the entrepreneurial investors in terms of managing both operations and the real estate.

In this episode, we talk about…

• [02:30] Aric on Atlas's background
• [04:06] A primer on Ambulatory Surgery Centers (ASCs)
• [11:08] The advantages of giving ownership of the centers to surgeons
• [12:27] Atlas's growth strategy
• [13:22] Key ingredients of an attractive site for Atlas
• [14:56] How Atlas decides whether to build and develop their own properties
• [18:51] Managing input from physicians on the operation of ASCs
• [20:26] How ASCs got started
• [21:34] How Aric sees the growth of the ASC market in the next five-to-ten years
• [23:32] Aric's first job
• [24:33] What Aric would be doing for a living if he were not a leader in healthcare
• [25:20] What Aric is reading right now for news, information, and inspiration
• [26:17] One thing that Aric does every day for healthy self-care
• [26:56] Are leaders born or trained?

Links to resources:

Aric Burke: Atlas Healthcare Partners | LinkedIn

Delivering Happiness (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]

Top Listened to Industry Professionals Interviews from 2020

With the one-year anniversary of the PPP Podcast on the horizon, we're bringing Season One to an end by sharing episodes featuring short clips from the most listened-to interviews of 2020.

A couple of weeks ago, we featured the top five episodes of 2020 with clinicians. Last week, we got to hear from our top five episodes of 2020 featuring healthcare real estate investors.

In this third and final part of our three-part compilation of interviews, we feature industry professionals who share advice on the healthcare industry, statistics of the healthcare economy, and entrepreneurism.

Listen in as we feature snippets from...

• [02:09] ...episode 2, where we hear from commercial real estate veteran Pete Bolton of Pete Bolton Company. He shares strategies on how to approach the great lockdown from an entrepreneurial perspective.

• [08:33] ...episode 5, where we hear from David Berg, Chairman and Co-Founder of Redirect Health. He shares how he created his company to allow small- and medium-sized businesses to provide affordable healthcare to their employees.

• [14:10] ...episode 3, where we once again hear from Pete Bolton of Pete Bolton Company. He discusses how his questioning, listening, and expanding communication programs can help physicians listen better to key words so that they can ask more specific questions when diagnosing patients. Pete explains how this is so important as telemedicine becomes more prolific in healthcare.

• [20:24] ...episode 33, where we hear from Vini Singh, Assistant Professor in Resource Economics at the University of Massachusetts Amherst. She shares economic statistics of our current healthcare system.

• [27:41] ...episode 34, where we once again hear from Vini Singh, Assistant Professor in Resource Economics at the University of Massachusetts Amherst. She shares her thoughts on how we might be able to improve efficiencies and costs.

Links to resources:

Pete Bolton: LinkedIn

David Berg: Redirect Health | LinkedIn

Vini Singh: Manasvini Singh

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]

With the one-year anniversary of the Providers Properties and Performance Podcast on the horizon, our next three episodes will bring Season One to an end by featuring short clips from the most listened-to interviews of 2020.

Last week, we featured the top five episodes of 2020 with clinicians. In this second part of our three-part compilation of interviews, we feature healthcare real estate investors.

Tune in next week as we showcase the top five interviews in 2020 with professionals that offer advice on the healthcare industry, statistics of the healthcare economy, and entrepreneurism.

Listen in as we feature snippets from...

• [02:53] ...episode 20, where we hear from Ann Atkinson of Care Property Investors. After years leading acquisitions at one of the top healthcare real estate investment trusts, she shares how she started her own company and its philosophy and criteria for its healthcare property investments.

• [08:58] ...episode 27, where we hear from Ted Barr, co-founder of Woodside Health. He shares his perspective on the organic side of the healthcare real estate investment business that is the relationships developed with the people performing the transactions and, ultimately, the tenants themselves in a property.

• [15:05] ...episode 13, where we hear from Chris Cumella of Cypress West Partners. Chris is another investor that likes to focus on developing relationships with the parties in the transaction and can get financially creative depending on the type of transaction he is pursuing. He can also be the voice of reason and glue that puts together a transaction with various physician owners and investments in a physician-owned property.

• [21:15] ...episode 19, where we hear from John Pollock, CEO at Meridian, which specializes in healthcare real estate developments and is creative with offering ownership structures to physicians. Meridian's depth and breadth of experience offers redevelopment and development of healthcare properties that enhance healthcare brands.

• [27:02] ...episode 10, where we hear from Vance Marshall, President at VJ Properties. He shares his stories of a joint venture redevelopment with various physician owners in a property, as well as selling land to a hospital to develop a hospital campus.

Links to resources:

Ann Atkinson: Care Property Investors | LinkedIn

Ted Barr: Woodside Health | LinkedIn

Chris Cumella: Cypress West Partners | LinkedIn

John Pollock: Meridian | LinkedIn

Vance Marshall: VJ Properties | LinkedIn

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]

With the one-year anniversary of the Providers Properties and Performance Podcast on the horizon, our next three episodes will bring Season One to an end by featuring short clips from the most listened-to interviews of 2020.

In this episode, we feature clinicians who share their stories as entrepreneurs in private practice and healers in their healthcare specialty. They speak of their experience in owning or leasing their office space, using it either as a financial tool, as a strategic tool to help them access their patients, or both.

Tune in next week as we showcase the top five interviews with healthcare real estate investors from 2020.

Listen in as we feature snippets from...

• [02:44] ...episode 21, where we hear from Dr. John Shufeldt, a serial private practice healthcare entrepreneur and founder of MeMD, a virtual medical and behavioral health company. He shares his vision for the future of healthcare discussing how artificial intelligence and using blockchain technology for electronic medical records are the next steps in innovating care delivery.

• [09:58] ...episode 7, where we hear from Kip Edwards, the former VP of Facilities Services at Banner Health and now Principal Healthcare Consultant at Luster National. He shares how the largest healthcare provider in Arizona increased its footprint of hospitals, medical office buildings, and urgent care centers in order to meet the demands of its growth.

• [16:05] ...episode 8, where we hear from Tom Long, owner of Above & Beyond Physical Therapy. He shares his story as a clinician and an entrepreneur and his pandemic experience as both.

• [22:28] ...episode 12, where we hear from Dr. Miriam Levering, Nurse Practitioner at Healing House, which offers family practices services on a monthly subscription or fee-per-service basis. They also offer Eastern therapies to integrate with their Western therapies, into which Dr. Levering does a deep dive in this conversation.

• [28:44] ...episode 4, where we hear from Dr. Cheri Dersam of Integrative Medicine of Arizona. She offers integrative and functional medical healthcare services in order to understand and treat why our bodies are not feeling well in addition to diagnosing and healing what is

Links to resources:

Dr. John Shufeldt: MeMD | LinkedIn

Kip Edwards: Banner Health | LinkedIn

Tom Long: Above & Beyond Physical Therapy | LinkedIn

Dr. Miriam Levering: Healing House

Dr. Cheri Dersam: Integrative Medicine of Arizona | LinkedIn

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]