Providers Properties and Performance: Making the Right Real Estate Decisions for Your Practice

Making the Right Real Estate Decisions for Your Practice

Jan 11, 2022

This week’s episode of the Providers, Properties and Performance podcast is an interview where Brent Lacey interviewed me on his The Scope of Practice podcast. Brent’s The Scope of Practice business aims to educate his fellow physicians on financial health and in this interview we discuss the economic benefits of physician ownership of the place where a clinician practices as well as physicians becoming real estate investors. Brent is also a practicing physician at Texas Digestive Disease Consultants.

In this episode, we talk about…

[2:19] How I got into healthcare real estate

[6:15] The time it takes to be a physician owner while also practicing medicine

[9:47] The money involved with buying versus leasing healthcare real estate

[13:42] The capital side of healthcare real estate investment

[15:55] Choosing to buy an existing space or build your own space

[18:55] How to pick the right location for your healthcare real estate

[21:52] Factors to consider on a five, ten, and twenty year timeline

[24:37] The upside to being a physician owner

[26:26] Taking advantage of a high internal rate of return

[28:51] The timing of healthcare real estate investment

[32:32] Structuring legal ownership of real estate