Healthcare real estate weekly recap February 7, 2026

REIT earnings, senior housing moves, and behavioral health demand. Healthcare real estate weekly recap February 7, 2026.

This week was a reminder that healthcare real estate is being shaped by 3 parallel tracks at the same time. Public REITs are setting the tone through earnings and strategic updates. Operators are still reallocating real estate around outpatient delivery and behavioral health demand. And policy clarity is removing some of the noise that had been hanging over planning conversations in January.

The headline public market signal came from Healthpeak, which reported Q4 2025 results and laid out several strategic initiatives that matter for anyone tracking capital allocation and where large platforms want to lean next. The company discussed its senior housing investment pipeline and positioning around its Janus Living plans, while also giving a clearer picture of liquidity and balance sheet posture coming into 2026. The value for the market is not just the numbers. It is the directional clarity on what they want to buy, what they want to hold, and where they think earnings are headed from here. 

Senior housing continued to show real capital movement beyond just commentary. NHI announced a $105.5 million acquisition of 9 properties, which is another data point that institutional buyers are still stepping into the category when the portfolio story is clean and the operations are underwritten with discipline. 

Behavioral health real estate also delivered one of the most telling property stories of the week. Henry Ford Health is offloading its Madison Heights hospital to a behavioral health provider, with plans to convert the facility to behavioral health use. That kind of repositioning is not a small decision. It reflects sustained demand for behavioral health capacity and a willingness to repurpose legacy inpatient assets toward care models that are expanding. 

Development and expansion news reinforced the same theme. In Michigan, reporting on the Saginaw Medical Diamond effort outlined new investments tied to medical education, public health relocation, and a planned behavioral health center of excellence. When you see education, public health, and behavioral health planning being coordinated at the district level, it usually signals long runway demand for adjacent outpatient space, workforce pipelines, and supporting clinical services. 

The policy piece that quietly changed the tone this week was telehealth clarity. CMS updated its telehealth FAQ on February 4, 2026, and it states that Medicare beneficiaries can receive telehealth services anywhere in the United States and territories through December 31, 2027, with broader geographic and originating site limits generally returning January 1, 2028, except for behavioral health services. That matters for real estate because it reduces near term uncertainty. Operators can plan with firmer rules instead of guessing whether access models will be abruptly restricted. 

The takeaway from this healthcare real estate weekly recap is that the market is still rewarding clarity and demand you can touch. Public platforms are signaling where they want to deploy capital. Senior housing is still attracting institutional money when the structure is right. Behavioral health continues to pull real assets and real investment. And telehealth rules are now clearer than the chatter made them seem in January.

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