It’s a short week with the holiday coming up, but that doesn’t mean things are standing still. In fact, this is the time to watch the quieter moves—the ones that don’t make headlines but shape where the market’s headed. A few things on the radar: 1. End-of-quarter reporting starts to roll in. REITs, PE groups, and public operators are wrapping up Q2 and prepping to report performance. Keep an eye on early guidance coming out of healthcare REITs like Ventas, Sabra, and Welltower. These updates won’t just talk yield—they’ll give you insight into occupancy, rent growth, and what assets are being bought, held, or quietly sold. 2. Price corrections in off-market deals. With interest rates still sticky, more sellers are quietly lowering expectations. Especially in behavioral health and senior living, we’re hearing about off-market transactions getting repriced down 5–10% just to get across the finish line. If you’re underwriting a deal, this week’s the time to sharpen the pencil. 3. Build-to-suit activity is heating up. Developers are looking ahead to 2026. Several private groups we follow are shopping land and engaging with operators on build-to-suit outpatient facilities—particularly in states with population growth and reimbursement tailwinds (think TX, TN, FL). If you’re not already in those conversations, you’re late. The big stuff will be quiet this week. But the signals are still there if you know where to look. Want help reading the tea leaves or modeling your next move? 📅 Book a 15-minute call 📰 Join our weekly newsletter

Last week was quiet on the surface—but under the radar, medical real estate kept moving in some big ways. First, Kobalt Investment Company  closed on a fully leased, three-building medical office portfolio in Dallas. All three buildings are backed by Baylor Scott & White , which tells you everything you need to know. The institutional appetite is still there—as long as it’s a stable, single-tenant deal with a name-brand credit anchor. In behavioral health, Banyan Treatment Centers  took over a $15 million facility previously owned by Retreat Behavioral Health. This isn’t a one-off—it’s a pattern. Operators are picking up second-gen assets, repositioning them fast, and expanding into high-demand markets without breaking ground. The right asset, at the right price, still moves. And internationally, Narayana Health  just dropped the equivalent of $30 million on prime land in Bengaluru. It’s one of the biggest land deals in India’s healthcare sector this year. That kind of commitment—especially from a private system—signals confidence in long-term demand for purpose-built care facilities. Domestic or international, the drivers are the same. Whether it’s cash buyers chasing yield, operators reshaping footprints, or systems banking on growth corridors—smart money is still in this game. You just have to know where to look. Let’s talk about what this means for your next move. 📅 Book a 15-minute call 📰 Get our newsletter

While institutional players pull back or wait out interest rates, private capital is stepping back into the healthcare real estate space—quietly, but intentionally. We’re seeing renewed activity from family offices, regional developers, and private equity groups targeting senior living, behavioral health, and outpatient medical properties. These aren’t speculative plays. They’re focused, need-based assets with strong fundamentals and long-term demand. Why now? Because pricing is starting to adjust. Sellers who were holding out for 2022-level valuations are coming down to earth. At the same time, well-capitalized buyers are ready to move fast on deals that make sense—especially if they come with an operator in place or upside through light renovation and licensing. Behavioral health in particular has caught the eye of smaller capital groups. It’s a space with limited competition, growing reimbursement, and operational barriers that reward experience. Private groups aren’t just looking for buildings—they’re looking for alignment. A good operator with a clear plan can still raise money in this market. In a cycle like this, it’s not always the biggest check that wins. It’s speed, certainty, and clarity of execution. Looking to attract capital or evaluate a deal? Let’s connect. 📅 Book a strategy call 📰 Join our newsletter

Yesterday we covered why some healthcare groups are starting to build again. But for many operators, the better move right now is not to build at all—it’s to rework what they already have. In behavioral health and senior living, space is tight and capital is expensive. That’s pushing more groups to get creative inside their existing walls. We’re seeing administrative areas converted into treatment rooms, shared spaces repurposed for telehealth, and old storage rooms turned into billable square footage. This isn’t just patchwork—it’s strategic. When done right, reconfiguring space improves patient flow, increases capacity, and opens up new revenue opportunities without the cost or delay of a new project. It also aligns with what payers and regulators want to see: efficient, purpose-built care environments. In today’s market, having a great location isn’t enough. If your layout is holding you back, expansion won’t fix it. Optimization will. Want to walk through how to improve your current footprint? Let’s talk. 📅 Book a call 📰 Get our newsletter

After a long stretch dominated by conversions and value-add acquisitions, new medical development is starting to creep back into the conversation. Slowly. Quietly. But it’s happening. In markets where stabilized assets are overpriced and inventory is tight, some investors and healthcare operators are deciding it’s time to build. And not just mega-campus hospitals—we’re talking ambulatory surgery centers, behavioral health clinics, and purpose-built senior living with medical overlays. The shift is being driven by a few key factors. First, the price gap between buying and building is narrowing. With interest rates high and sellers clinging to peak valuations, many buyers are looking at ground-up development as a cleaner, more strategic play. Second, operators want control. Designing a space around your program—from patient flow to staff efficiency to integrated tech—has real long-term value. Especially in behavioral health and senior living, where layout and licensing go hand in hand. Lastly, local governments in growth markets are stepping in with incentives. We’re seeing examples of tax abatements, accelerated permitting, and even land grants—especially when projects tie into community health goals. This isn’t a return to 2019. But for the right group, in the right market, with the right strategy? Building from scratch is back on the table. Thinking about whether to build or buy? Let’s talk. 📅 Book a call 📰 Sign up for updates

For years, behavioral health operators leaned heavily on leased space. It made sense—lower upfront cost, quicker time-to-market, and fewer development headaches. But lately, a quiet shift is happening: more operators are moving to own their facilities outright. This isn’t just about control—it’s about economics. As interest in behavioral health surges, so does competition for space. In tighter markets, landlords are raising rents or getting picky about use cases. Some are even avoiding behavioral health altogether due to misconceptions about patient populations or zoning complexities. For providers with strong payer contracts and long-term plans, it’s often smarter to buy. Owning gives them flexibility to expand services, modify buildouts without red tape, and control occupancy costs over the long haul. With cap rates for behavioral health hovering above traditional medical office, even sale-leaseback options are more attractive now than they were three years ago. It’s also a hedge. Real estate ownership creates an asset that builds equity alongside the business—something private equity and family offices are increasingly looking for when evaluating operators. Whether you’re an investor or a provider, this trend matters. The lines between healthcare operations and real estate strategy are blurring—and behavioral health is leading the way. Thinking about a buy-versus-lease decision? Let’s run the numbers. 📅 Book a call 📰 Get market insights

If you’ve tried to lease or acquire medical office space recently, you’ve probably felt it: the squeeze. Inventory is tight, competition is up, and landlords are asking a lot more questions before signing new tenants. What’s driving it? The short version: stable tenants in a shaky market are gold. In the post-pandemic economy, medical office buildings (MOBs) have outperformed other office asset classes. They’ve remained relatively full, rent collections stayed strong, and demand has actually increased—especially from outpatient specialists, dental groups, and behavioral health operators. But construction hasn’t kept up. Rising interest rates, tighter lending conditions, and sky-high build-out costs have slowed new MOB development across many secondary and tertiary markets. The result? Existing space is being snapped up fast, and deals are taking longer as everyone—from REITs to private investors—tries to make sure they’re locking in creditworthy tenants with long-term viability. For behavioral health and senior-focused care groups looking to expand, this means being ready. Landlords want clean financials, credible operating history, and a clear vision for how the space will be used. If you’re not positioning yourself like a healthcare-backed business with a plan, you’ll get passed over—quickly. Medical CRE might not be the sexiest sector in real estate, but right now? It’s one of the most competitive. Need help framing your next deal—or getting your project lease-ready? 📅 Book a call: https://calendly.com/contact-loveladyperspective/15min 📰 Sign up for our market briefings: https://www.loveladyperspective.com/contact

There’s no major conference or headline-grabbing transaction expected this week in healthcare real estate—but that doesn’t mean there’s nothing happening. In fact, these quieter weeks are often where the real signals come through. On June 22, the NYSE is hosting a virtual investor session  focused on healthcare and technology. While it’s geared toward institutional investors, the insights coming out of it will ripple downstream. Why? Because the firms speaking at this event are helping set the tone for how capital is flowing into healthcare overall—which inevitably shapes how real estate decisions get made. When investors start leaning into tech-enabled care models or shifting priorities based on labor costs, developers and owners in the behavioral health and senior living space need to pay attention. Even if it’s not discussed directly, the implications for outpatient facility design, staffing ratios, and reimbursement-backed expansion strategies are real. Meanwhile, a handful of senior housing and medical real estate webinars  are on the calendar—smaller virtual briefings where asset managers and lenders are quietly recalibrating underwriting models. It’s not flashy. But it’s where many of the Q3 conversations are being shaped. So while this week might not offer a big headline, it does offer a chance to listen in—watching how investors, lenders, and operators are positioning before the next wave of capital deployment. Want help turning those signals into strategy? 📅 Book a call: https://calendly.com/contact-loveladyperspective/15min 📰 Sign up for the newsletter: https://www.loveladyperspective.com/contact

Last week brought two headlines in healthcare real estate that couldn’t feel more different—but together, they tell a bigger story. On one end, CareTrust REIT  made a power move. They closed on $146 million worth of senior living and skilled nursing facilities across the Pacific Northwest—adding to a portfolio that’s been growing steadily. Then they announced something even bolder: their first international acquisition, buying a UK-based care REIT for a staggering $840 million. Fitch just bumped their credit rating to investment grade. Dividend outlook’s up. Momentum? Solid. Then there’s the quieter—but equally revealing—story from Rhode Island. Butler Hospital , part of Care New England, just sold off a parcel of land next to the hospital for $15.7 million. It’s a straightforward land deal—except it’s happening while hospital staff are in the middle of labor protests. Low wages, staff shortages, safety concerns… the people running the hospital aren’t just overworked, they’re walking out. So, what does it all mean? It means this sector is bifurcating. There’s capital—lots of it—chasing the right kinds of real estate. REITs are buying, building, and expanding in aging care because the demographic tailwinds are real. But operational risk? That’s the undercurrent. You can close a great deal on paper, but if the frontline team isn’t stable, it’s going to show up in your valuation—eventually. This is the moment to think holistically. A behavioral health center isn’t just bricks and rent—it’s staffing, regulation, care quality, and a very real human story unfolding behind the walls. If you’re positioning for growth in this space, don’t just watch where the money’s flowing. Pay attention to where the stress cracks are forming. Let’s talk strategy. 📅 Book a call 📰 Join the newsletter

While other sectors might hit a lull during the summer months, healthcare real estate is moving full steam ahead in mid-2025. Behavioral health deals are closing fast, outpatient rehab centers are seeing increased demand, and well-positioned medical office buildings (MOBs) are trading at competitive cap rates. So, what’s driving the heat? 1. Behavioral Health Remains the Hot Button Facilities serving behavioral and mental health continue to outperform. As more insurance providers expand behavioral coverage—and with the recent regulatory tailwinds in states like Georgia and Michigan—investors are finding real value in facilities that were once considered niche. Residential treatment centers, outpatient psychiatric clinics, and integrated behavioral care models are all seeing increased attention, especially from private equity groups and regional operators looking to scale. 2. MOBs With Purpose Are Leading Demand Generic MOBs are seeing mixed activity, but those that serve purpose-built functions—oncology, cardiology, urgent care—are still drawing strong offers. The name of the game right now is stability and specificity . New leases from health systems are often longer, and NNN structures remain the preferred setup for both buyers and tenants. 3. Inpatient Rehab is Making a Comeback Inpatient medical rehab hospitals (IRFs) are experiencing a revival after several years of slower growth. CMS payment updates and strong post-acute demand have created a favorable reimbursement landscape. Operators are revisiting development plans that were paused during COVID-era uncertainty. 4. Investors Want Assets With a Story Deals are still happening, but they’re more strategic. Buyers want facilities that align with long-term care trends—aging demographics, chronic condition management, and value-based care delivery. Assets tied to reputable operators or health system partnerships are commanding premium pricing. At Lovelady Perspective , we help healthcare investors, developers, and brokers navigate today’s fast-moving market with insights and valuations built around real-world performance—especially in behavioral health and senior living. 📅 Book a time to connect: https://calendly.com/contact-loveladyperspective 📬 Subscribe to the newsletter: https://www.loveladyperspective.com/contact

In 2025, we’re seeing a noticeable pivot in healthcare real estate: developers are increasingly targeting smaller, secondary, and even tertiary markets for new medical builds. Why? It comes down to three key drivers—cost, competition, and coverage. 1. Lower Cost Structures:  Land, labor, and permitting are significantly more affordable outside of major metros. For medical office and ambulatory developers, this creates a compelling margin opportunity—especially for ground-up projects. 2. Provider Expansion:  Healthcare systems are broadening their footprint to meet patients where they are. From urgent care to outpatient surgery centers, providers want scalable access points across growing suburban and rural populations. 3. Market Saturation Elsewhere:  In top-tier cities, saturation has made it harder to secure anchor tenants or hit target cap rates. But in overlooked zip codes, there’s room to grow—and less red tape. At Lovelady Perspective , we help investors, brokers, and developers identify these emerging markets through valuation and market intelligence that blends data with practical insight. Whether you’re planning a build, exploring a JV, or underwriting a new acquisition, our team offers analysis you can trust. 📅 Ready to discuss opportunities? https://calendly.com/contact-loveladyperspective 📬 Stay updated with our newsletter: https://www.loveladyperspective.com/contact

In 2025, the traditional urgent care model is evolving—and real estate is at the center of the change. No longer limited to treating colds and injuries, today’s hybrid urgent care facilities  are combining walk-in services with specialty offerings: mental health resources, on-site imaging, lab services, and even virtual care booths. Why the shift? Patient expectations are evolving. People want convenient, one-stop access  to a broader spectrum of care—whether that’s a same-day sprain evaluation or a video check-in with a behavioral health counselor. These hybrid centers save patients time and often reduce cost compared to fragmented care across multiple locations. From a real estate standpoint, this means floor plans need versatility. Flexible exam rooms, modular partitions for therapy sessions, and tech infrastructure for telehealth are now essential. Properties with strong curb appeal, accessible parking, and health-grade HVAC systems are seeing boosted demand. What does this mean for brokers, owners, and investors? To align with this trend, you need to question whether a site supports hybrid care. Can it accommodate both high-turnover urgent care traffic and the privacy needed for counseling? Is the zoning right? Is there enough infrastructure for extra services? These questions determine whether a property is “future-proof.” At Lovelady Perspective , we deliver market intelligence that evaluates hybrid urgent care real estate—helping investors, developers, and brokers understand demand, patient behavior, and long-term positioning. If you’re working with urgent care buildouts or repositioning existing spaces, let’s talk sooner than later. 📅 Book a time to connect: https://calendly.com/contact-loveladyperspective 📬 Subscribe for more healthcare CRE insights: https://www.loveladyperspective.com/contact