Healthcare continues to grow as one of the largest single aspects of our national economy. Though some may view healthcare real estate as a niche market, it has an established record and has evolved into a significant real estate sector, alongside office, retail, industrial and multi-family. Healthcare real estate includes not only medical office buildings, and real estate practitioners are likely aware of some of the numerous types of facilities falling under the healthcare real estate umbrella, for example, ambulatory surgical centers, long term acute care hospitals, assisted living facilities, wellness centers and rehabilitation hospitals.
Unless one regularly represents healthcare clients, the unique aspects of healthcare leasing may elude the general real estate practitioner. Depending on the circumstances, a number of statutory and regulatory barriers may necessitate additional care, consideration and structuring of leases.
Republished with permission. The article first appeared in The Practical Real Estate Lawyer in May 2015.