RCA in the commercial property press:

Health Care Reform May Help Distressed Commercial Real Estate

Top Wire News reports: A real estate analytical firm says that if the commercial real estate collapses, Palm Beach County would be the site of one of the worst disasters or would it? Two factors could prevent such a disaster.

In a report on troubled assets New York-based research firm Real Capital Analytics ranked Palm Beach County as seventh nationally for distressed CRE with $2.3 billion in troubled commercial properties.

But, that was then. Now, health care reform is going to boost demand for medical services, says Kearney of Kearney Commercial Realty. Health care is already big business because one in five Palm Beach County residents is 65 years or older. Doctors stay busy treating maladies associated with aging in their office properties, many of them clustered around hospitals.

Physicians will get much busier, if government figures are correct. The U.S. Census Bureau said that nearly 28 percent of the Palm Beach County population under 65 did not have health insurance in 2007.

Articles related to this topic:

 Over $187 billion in Distressed Property Nationally
 Private Equity Preparing for Property Boom
 High Level of Distress Forces Some Real Estate Firms to Throw Lifelines

Posted by: Nina Turner

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