Kaufman Hall acquires healthcare real estate company
Consulting firm Kaufman Hall has acquired Healthcare Real Estate Capital, a national consulting firm focused on the healthcare and higher education real estate markets.
The deal will allow Kaufman Hall to advise healthcare systems on their real estate strategies, company executives said.
Financial details of the transaction were not disclosed.
Investor demand and capital flows for healthcare and higher education real estate assets are accelerating due to long-term stability in both sectors, according to R. Wesley Champion, Managing Director and CEO of Kaufman Lobby.
“Real estate is a very important and valuable asset for healthcare and higher education institutions, and our clients need independent strategic advice to guide their operational and financial decision making,” Champion said in a statement.
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“HRE Capital has unparalleled experience in niche real estate capital markets for both sectors and maintains close relationships with institutional investors and reputable developers / operators. Together, Kaufman Hall and HRE Capital will provide the rigorous analytics, unwavering advocacy and service excellence that our clients rely on across a wider range of institutions and support C-Suite leaders in areas of health and higher education to unlock value in this critical financial asset, ”he said.
Hospitals and healthcare systems have accumulated significant real estate, making them one of the largest real estate owners and most wanted tenants in their communities. Healthcare systems need a strong real estate strategy to ensure that their owned and leased real estate assets are aligned with their strategic goals and are effectively deployed, structured and funded, according to Kaufman Hall.
In the wake of the coronavirus pandemic, hospitals and healthcare systems face a critical imperative to optimize the deployment of resources.
HRE Capital provides strategic and transactional advisory services to many of the largest owners and operators of real estate in healthcare and higher education, including for-profit hospitals and healthcare systems and nonprofits, universities and academic institutions, medical practices, developers and private equity firms. . HRE Capital has been involved in more than $ 14 billion of sectoral real estate transactions in the United States since its inception in 2008.
E. Hunter Beebe, Founder and Managing Director of HRE Capital, noted that Kaufman Hall’s advisory, M&A and capital markets services, combined with HRE Capital’s best execution capabilities in real estate capital markets niche for healthcare and higher education, will create a “powerful and goal-oriented offering for all participants in both sectors”.
“We have been approached by many companies over the years about strategic combinations,” said Beebe. “What interested us most about Kaufman Hall was its long-standing reputation for objective, customer-centric advice and implementation. Kaufman Hall’s breadth of resources, unmatched customer relationships and complementary yet distinct offerings represent a unique opportunity for us to leverage our experience, relationships and approach. “