Investor Presentation - Medical Office Sector
COMMUNITY CORE - OUTPATIENT (30%)
▸ More than 2/3 of all physicians practice "off-campus"
(source: Revista)
▸ Off-Campus is the lowest cost location for healthcare
▸ Physician synergies and referral patterns provide stable
leasing environment
Growth Drivers for Off-Campus
Medical technology advances allows for more care to be
done off-campus. (i.e. full hip replacements)
▸ Providers focused on capturing patients - Accountable Care
Organizations, Population Health Management
▸ Health Insurers focusing off-campus to lower cost; United
Healthcare is the largest employer of physicians (17k+) and
positions them off-campus
Core Off-Campus Performance Is Strong
▸ Traditional Real Estate - Well positioned off-campus MOB's
performs as well as good, on-campus MOBS: High Retention
and Rent Spreads
▸ Community Core = (i) Medical Hubs Off-Campus, (ii) Affluent
Submarket, (iii) Highly Visible Locations, and (iv) Multi-
Tenanted
•
HTA's Community Core Portfolio
(% of HTA's Off-Campus Portfolio)
76% in Medical Hubs, cluster of medical
buildings away from campus
65% Multi-Tenanted Buildings
86% in High Visibility Locations, located
adjacent to a freeway or major arterial
roads
75% in Affluent Submarkets or
Commercial District locations
220
230
244
MEMORIAL
SLOAN-KETTERING
CANCER CENTER
0.25 MILES
Investor Presentation | January 2018
HTA OWNED MOBS
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