Medical and Senior Living Facilities Showing Investment Growth and Stability

Senior living and health-care-related properties have been a stable investment since 2007, outperforming most real estate sectors since the recession. Possible reasons for stability in this sector include the fact that people are living longer, owning and maintaining a house is more expensive, and the Affordable Care Act is providing some citizens with insurance for the first time, making the chances of more hospital visits highly likely. In 2014, health-care-focused REIT shares produced returns and dividends of 35.5% and sales involving senior housing and nursing facilities totaled $17.4 billion in 2014, more than a 17% increase from 2013. In the fourth quarter of 2014, occupancy of healthy senior living facilities was 91.3%, which was the highest it’s been since 2007.

The healthcare sector of real estate is also seeing an increase in square footage dedicated to health-related offices creating a higher demand for physicians. Although the square footage being dedicated to healthcare is on the rise, it is also becoming more efficient as far as costs go. Eric Carmichael, a developer for Frauenshuh HealthCare Real Estate Solutions said, “Any space that sits idle is excess overhead.” As the commercial real estate sector continues to grow it is safe to say that health care real estate development continues to be a good investment option, especially in areas prone to an influx of retirees. 

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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