Jul 27, 2021
Trisha’s guest this week is Josh Richmond, Founding Principal and President of Evergreen Medical Properties. We discuss how investing in healthcare properties is much more than just the numbers. The long-term investment success of healthcare real estate property involves the long-term success of the healthcare companies and clinicians that occupy the property, and meeting their needs so they can successfully treat their patients.
In this episode, we talk about…
[2:05] The story behind Evergreen Medical Properties
[5:20] How Josh started his career in healthcare real estate
[7:18] Targeted real estate investing and looking for numbers that make sense
[12:24] Josh’s ideal tenants
[13:52] Physician ownership
[15:28] Josh’s favorite transaction stories
[18:21] How the pandemic affected Josh’s approach in his business
[20:09] The business’ sweet spot with acquisitions
[21:18] Josh’s outlook on the future of healthcare real estate
[23:41] Josh’s first job working in his stepfather’s garage
[24:22] If he was not in healthcare real estate, Josh would do something related to geology and forestry
[25:25] What Josh reads and listens to for information and inspiration
[26:41] Meditation as a form of self-care
[28:22] Leaders rise in the right situations
Links to resources:
Evergreen Medical Properties: https://www.evergreenmedicalproperties.com
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