The investment and capital platform of Minneapolis-based MedCraft Healthcare Real Estate, has closed on more than $300 million in acquisitions consisting of 20 healthcare projects since its inception 15 months ago.
These projects expand MedCraft’s national presence spanning more than 640,000 square feet in 10 states, making MedCraft Investment Partners on pace to achieve its goal of investing $500 million by the end of next year.
This milestone further validates the industry trend of increasing investment into healthcare real estate because of its relative stability and resistance to economic downturns. As healthcare delivery continues to shift out of hospitals and into ambulatory and other non-traditional environments, the need for new facilities will only continue to grow.
The American Hospital Association expects seismic shifts in the outpatient care landscape during the next decade. Forecasts in patient volume changes include a 25% increase in ambulatory surgery centers and a 19% increase in office-based diagnostics, laboratory testing and imaging.
“Investing and managing healthcare facilities requires a group of professionals who understand healthcare real estate and the needs of providers,” said Jon Lewin, principal of MedCraft Investment Partners. “Our team focuses on the needs of our healthcare clients and delivers real estate investment and management solutions that accomplish their long-term goals. It may sound simple, but getting there requires creativity, flexibility, and tenacity.”
As evidence of this, MedCraft Investment Partners acquired several significant projects as long-term holders and partners across the healthcare sector including:
Macomb Professional Building, Detroit, Michigan, Acquisition
MedCraft Investment Partners recently acquired a medical office building near the campus of one of its national health system partners in Detroit, Michigan and is making a significant investment into building systems to improve its functionality as a healthcare facility and capital for new healthcare programs in the building.
South Bend Orthopaedics, South Bend, Indiana
South Bend Orthopaedics Medical Office Building and Allied Physicians Surgery Center were owned by the physicians of South Bend Orthopaedics. Recognizing that owning their real estate was an added burden and expense, they partnered with MedCraft to acquire their building which provided a capital infusion into the practice and allowed the physicians more time to focus on their patients.