Web Links

CBRE Healthcare

UNDERSTANDING EQUITY SOURCES, BALANCING COSTS, AND

INVOLVING LEGAL DEPARTMENTS EARLY IN THE PROCESS CAN HELP
HEALTH SYSTEMS MAINTAIN LEVERAGE WHEN SELECTING A
DEVELOPER.
The use of third parties to develop and own new medical real estate projects is
increasingly viewed as an attractive option for health systems seeking ways to
preserve and generate precious capital resources to fund acute care programs
and market share growth. The right third-party developer can help health
systems create medical facilities with market-competitive rental rates as well as
provide several benefits, such as future flexibility for the hospital, avoidance of
the legal exposure that may come with serving as a landlord to referring
physicians, and a potential investment vehicle for physician-tenants.
However, the selection of a developer for a new project can create challenges
for health system executives.
Chris Bodnar joined CBRE in 2003 and is an Executive Vice President
To obtain the most competitive
terms, hospitals usually issue of the Investment Properties division and co-leads the CBRE Healthcare
Capital Markets Group with his business partner Lee Asher. Disciplined
a request for proposal (RFP)
as part of the selection
in the specialty of Investment Sales, Mr. Bodnar has been involved in
process. In addition to the time the disposition of over 10 million square feet of commercial assets,
and effort dedicated to
exceeding a total value of $3 billion dollars on behalf of his clients since
developing and managing the
2010.
RFP, hospitals also may face
challenges in keeping pace
with the changing economics
In 2006, Mr. Bodnar formed CBREs Healthcare Capital Markets Group
of the real estate development (HCMG). This group specializes in providing healthcare real estate

investors with acquisition, disposition and recapitalization strategies;

assisting healthcare providers with strategic capital planning (including
monetization and capital raising efforts); and advising health systems
and physician groups in the developer selection process.
In 2013, Mr. Bodnar was named the Healthcare Real Estate Executive
of the Year by Healthcare Real Estate Insights (HREI). The HREI
Insights Awards is the only national awards ceremony dedicated to the
healthcare real estate sector. The award was judged based on the
demonstration of leadership in the healthcare real estate sector,
demonstrated excellence in the use of strategy, innovation and creativity,
significant contributions to professional healthcare real estate
organizations and other contributions including
teaching/mentoring, presenting, judging and publishing.