Providers Properties and Performance: Lessons Learned from Owning a Medical Office Asset with Mark Mullen

Lessons Learned from Owning a Medical Office Asset with Mark Mullen

Sep 7, 2021

Trisha’s guest this week is Mark Mullen, Senior Vice President of Development with Klingbeil Capital Management. Klingbeil typically owns, operates, and develops apartment complexes throughout the country. Mark shares their story of getting into the medical office asset class for a short period of time, starting with medical office condos and ending with a multi-tenant medical office building that sold a couple years ago.

In this episode, we talk about…

[2:07] The history of Klingbeil Capital Management

[4:27] What attracted the company to the medical asset class

[7:44] Facing the challenge of tenants wanting short-term leases

[9:14] Klingbeil’s future plans regarding medical office assets

[10:40] Mark’s words of wisdom for those considering stepping into the medical office asset class

[14:18] What Mark’s day-to-day is like at Klingbeil

[15:08] Mark’s first jobs

[16:16] What Mark would be doing if was not working in commercial real estate

[16:48] What Mark is reading and listening to for news, information, and inspiration

[18:12] Mark’s self-care activity

[18:30] Whether leaders are born or trained