Strong demand for healthcare by an aging population is supporting a follow-on strong demand for medical office products. Fifteen years ago, medical office assets were lumped with other real estate alternatives, says Lee Asher, a senior managing director on the medical office team for Kayne Anderson Real Estate, in an interview published in the June issue of Institutional Real Estate Americas. Asher continues, “I would argue now medical office is the fifth food group behind office, industrial, retail and multifamily. It’s vital infrastructure, and a large number of institutional investors have started paying attention to it,” Asher continues, pointing out that typically the largest employers in U.S. cities tend to be related to healthcare in some way or another. “In any market where there is population growth, there will be new demand for healthcare.”
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