Mercer Capital's Value Focus: Real Estate Industry | Q2 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Physicians’ services account for a substantial portion of health care spending in the United States, but research on the prices private insurers pay for those services has been limited. Using 2014 claims data from three major insurers, we analyzed the prices paid for 21 common services and compared them with the estimated amounts that Medicare’s fee-for-service (FFS) program would pay.
Consistent with other studies, our results showed that commercial prices were higher than Medicare FFS prices, on average, and that prices for a given service varied as much as twofold across areas and providers, even after adjusting for differences in input costs. Out-of-network prices that insurers paid in commercial plans were as much as three times their in-network prices.
In contrast, we found that prices paid by the same insurers in their Medicare Advantage plans were nearly the same as those paid by Medicare FFS. Medicare Advantage prices for a given service varied much less across areas and providers than commercial prices did, and the variation in Medicare Advantage prices correlated closely with the variation in Medicare FFS prices. In- and out-of-network prices paid by insurers in their Medicare Advantage plans were nearly identical, perhaps because statutory restrictions on out-of-network charges in Medicare Advantage plans reduce Medicare Advantage prices.
Presentation by Daria Pelech, an analyst for CBO’s Health, Retirement, and Long-Term Analysis Division, at AcademyHealth's Annual Research Meeting.
Mercer Capital's Value Focus: Real Estate Industry | Q2 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Physicians’ services account for a substantial portion of health care spending in the United States, but research on the prices private insurers pay for those services has been limited. Using 2014 claims data from three major insurers, we analyzed the prices paid for 21 common services and compared them with the estimated amounts that Medicare’s fee-for-service (FFS) program would pay.
Consistent with other studies, our results showed that commercial prices were higher than Medicare FFS prices, on average, and that prices for a given service varied as much as twofold across areas and providers, even after adjusting for differences in input costs. Out-of-network prices that insurers paid in commercial plans were as much as three times their in-network prices.
In contrast, we found that prices paid by the same insurers in their Medicare Advantage plans were nearly the same as those paid by Medicare FFS. Medicare Advantage prices for a given service varied much less across areas and providers than commercial prices did, and the variation in Medicare Advantage prices correlated closely with the variation in Medicare FFS prices. In- and out-of-network prices paid by insurers in their Medicare Advantage plans were nearly identical, perhaps because statutory restrictions on out-of-network charges in Medicare Advantage plans reduce Medicare Advantage prices.
Presentation by Daria Pelech, an analyst for CBO’s Health, Retirement, and Long-Term Analysis Division, at AcademyHealth's Annual Research Meeting.
HORIZON TOWER
520,094 RSF
17-story medical + biomedical space
13-level parking garage; 2,700 stalls
Under Construction and
On-Schedule for 4Q2023 Delivery
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Keep Your Home Naturally Cool and Warm Out Change in Seasons
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The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Are you searching for your dream home? Finding the perfect house involves more than just browsing listings; it’s about discovering a space that fits your lifestyle and needs. Whether you’re looking for a cozy suburban home, a chic urban apartment, or a spacious rural property, the right real estate can transform your life. Consider the location, amenities, and potential for future growth. Think about the community, nearby schools, and the convenience of shopping and transportation. A good real estate agent can guide you through the process, from identifying suitable properties to negotiating the best deal. Your dream home is out there, waiting to be found – let’s embark on this journey together!
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
Simpolo Tiles & Bathware
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Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
1. YEAR-END 2013 | MEDICAL OFFICE
COLLIERS HEALTHCARE SERVICES GROUP - HOUSTON, TEXAS
HEALTHCARE MARKET COMMENTARY
Houston’s Medical Office Market Absorbs
662,000 SF in 2013
Houston
HOUSTON MEDICAL OFFICE
MARKET INDICATORS
2012
2013
CITYWIDE NET
ABSORPTION (SF)
1.3M
662K
CITYWIDE SF DELIVERED
1.7M
235K
CITYWIDE AVERAGE
VACANCY Q4
13.3%
11.7%
CLASS A
AVERAGE VACANCY Q4
13.6%
7.1%
CITYWIDE AVERAGE
RENTAL RATE Q4
$23.09
$23.19
CLASS A AVERAGE
RENTAL RATE Q4
$29.33
$28.17
Houston medical office buildings recorded 662,000 SF of positive net
absorption in 2013, the majority of which, 444,300 SF, occurred in the
first half of the year. By property class, Class A posted the largest
amount of positive net absorption in the second half of the year,
followed by Class B and then Class C posting 51,184 SF and 30,106
SF, respectively. The citywide average vacancy rate decreased 20
basis points and the average quoted rental rate increased 0.9% to
$23.19 per SF from $22.99 per SF in Q2 2013.
Houston’s medical office market is expected to benefit from both shortand long-term regional trends. Disciplined development, with only 6
new buildings added to inventory in 12 months, will relieve the
pressure in filling the existing vacant lease space.
Overall, Houston’s economy remains among the strongest in the U.S.
The Houston metropolitan area added 86,200 jobs between November
2012 and November 2013, an annual increase of 3.1% over the prior
year’s job growth. Local economists have forecasted 2014 job growth
to remain steady, adding between 68,000 and 72,000 jobs. Further,
Houston’s unemployment fell to 5.6% from 5.8% one year ago.
Houston area home sales increased 19.4% between November 2012
and November 2013.
JOB GROWTH & UNEMPLOYMENT
(Not Seasonally Adjusted)
ABSORPTION, NEW SUPPLY & VACANCY RATES
Absorption
UNEMPLOYMENT
11/12
11/13
HOUSTON
5.8%
5.6%
TEXAS
6.0%
5.8%
U.S.
7.4%
6.6%
ANNUAL
CHANGE
# OF JOBS
ADDED
HOUSTON
3.1%
86.2K
TEXAS
2.5%
275.7K
U.S.
1.7%
2.3M
JOB GROWTH
Accelerating success.
1,500,000
1,000,000
New Supply
Vacancy
17%
15%
13%
500,000
0
11%
9%
7%
(500,000)
5%
1
2. HEALTHCARE MARKET COMMENTARY | YEAR-END 2013 | COLLIERS INTERNATIONAL HOUSTON
Vacancy & Availability
MEDICAL OFFICE
EXISTING INVENTORY BY CLASS
Class A
7,340,192
27.5%
Houston’s medical office market
occupancy increased during the
second half of 2013 with the
citywide average vacancy rate
decreasing by 20 basis points to
11.7% from 11.9%.
Class B
14,239,726
54.9%
Class C
5,186,995
17.5%
By property class, Class A
vacancy rates posted the largest
decrease during the second half
of 2013, dropping 120 basis
points to 7.1% from 8.3% in Q2
2013. Class C vacancy rates
decreased 40 bps to 10.4% from
10.8%, while Class B vacancy
rates increased 40 basis points
to 14.2% from 13.8%.
Class A
Class B
Class C
MEDICAL OFFICE
NET ABSORPTION BY CLASS
Class A
Class B
Class C
700,000
600,000
500,000
400,000
300,000
200,000
100,000
Q4-10
Q1-11
Q2-11
Q3-11
Q4-11
Q1-12
Q2-12
Q3-12
Q4-12
Q1-13
Q2-13
Q3-13
Q4-13
0
(100,000)
MEDICAL OFFICE
CLASS A & B VACANCY VS. RENTS
Class A Vacancy
Class B Vacancy
Class A Rents
Class B Rents
16%
$35
14%
Sublease space has not had a
significant impact on current
vacancy rates, remaining below
0.2%. Of the 3.5M SF of vacant
space on the market, only
25,300 SF was sublease space.
Disciplined
medical
office
development activity has helped
prevent major upheavals in
current occupancy levels. There
were only six (6) new buildings
(235,000 SF) added to the
market during 2013, most of
which are low-rise professional
office buildings located in the
suburbs. Currently, there are six
(6) medical office buildings
under construction.
Empire Commercial Developers
has begun construction in Telfair
on a 3-story, 46,000-SF medical
office building with a 3-story
parking garage. The project is
slated for completion by July
2014.
Absorption & Demand
Houston’s medical office market
recorded 217,857 SF of positive
net absorption in the second half
of 2013, bringing the year-end
positive net absorption to
662,176 SF.
By property class, Class A
posted the largest amount of
positive net absorption in the
second half of 2013, with
136,567 SF, followed by Class B
properties posting 51,184 SF of
positive net absorption and then
Class C posting 30,106 SF.
Rental Rates
Quoted full-service rental rates
for all medical office property
classes averaged $23.19 per SF
in Q4 2013, an increase of 0.9%
from $22.99 per SF in Q2 2013.
Medical office building landlords
continued
to
offer
lease
concessions including free rent
to credit worthy tenants, but
have decreased the amount of
tenant improvement packages.
By property class, on a biannual basis, the average Class
A rental rate decreased from
$28.42 per SF in Q2 2013 to
$28.17 per SF, Class B
increased to $23.16 per SF from
$22.83 per SF, and the average
Class C rate increased to
$18.08 per SF from $17.81 per
SF.
$30
12%
$25
10%
$20
8%
Q4-13
Q3-13
Q2-13
Q1-13
Q4-12
Q3-12
Q2-12
Q1-12
Q4-11
Q3-11
Q2-11
Q1-11
4%
$15
Q4-10
6%
$10
COLLIERS INTERNATIONAL | P.2
3. HEALTHCARE MARKET COMMENTARY | YEAR-END 2013 | COLLIERS INTERNATIONAL HOUSTON
SALES TRANSACTIONS
Clear Lake Rehabilitation
Hospital
NASA/Clear Lake Submarket
RBA:
Built:
Buyer:
Seller:
Sale Date:
Sale Price:
58,023 SF
1991
Health Care Property, Inc.
Kindred Healthcare, Inc.
September 2013
$15.2M
Westwood Plaza II
Southwest Beltway 8 Submarket
Sales Activity
Transaction
activity
slowed
slightly between mid-year 2013
and year-end 2013, with 16
properties
changing
hands
compared to 30. According to
CoStar Comps, Houston medical
building sales transactions in the
second half of 2013 had a total
sales volume of $36.3M.
Many of the transactions were
multi-property portfolio
sales,
however, there were several
single property transactions that
occurred, which are listed in the
column to the left.
Currently, there are 48 properties
listed for sale and 1 pending
transactions.
Leasing Activity
Houston’s medical office leasing
activity reached 391,400 SF in the
second half of 2013. By property
class, Class B product led the
market with 279,600 SF leased,
followed by Class A at 74,100 SF,
then Class C at 37,700 SF.
Although the majority of new
leases signed in the second half
of the year were in the 1,000 5,000 SF range, there were a few
larger lease transactions.
DaVita HealthCare Partners, Inc.
leased 15,180 SF in the Bayshore
Medical Building located at 333
Bayshore Blvd. in Pasadena, TX.
UT Physicians leased 14,048 SF
in the Plaza Medical Center
located on Binz St in the South
Main/Medical Center submarket.
Additional transactions under
5,000 SF include: Medwin Family
Medicine Rehab’s lease of 4,340
SF at 1235 Lake Pointe Pwy. in
the
Fort
Bend/Sugar
Land
submarket and Methodist Primary
Care Group leased 3,737 SF at
4710 Bellaire Blvd. in the Bellaire
submarket.
RBA:
Built:
Buyer:
214,073 SF
1982/1998
Mental Health & Mental
Retardation Authority
Seller:
MidFirst Bank
Sale Date: December 2013
Sale Price: $9.5M
8340 Coffee St
South Submarket
RBA:
Built:
Buyer:
Seller:
Sale Date:
List Price:
Cap Rate:
10,500 SF
2006
Areteaus Realty Trust, LP
Jaffe Dialysis, LLC
November 2013
$5.7M
8.2%
Source: Costar Group; Real Capital Analytics
COLLIERS INTERNATIONAL | P.3
4. HEALTHCARE MARKET COMMENTARY | YEAR-END 2013 | COLLIERS INTERNATIONAL HOUSTON
TEXAS MEDICAL CENTER
The Texas Medical Center (TMC) – the world’s largest medical center – represents one of Houston’s major
economic drivers and core industries with an estimated regional annual economic impact of $15 billion.
TMC is also one of Houston’s largest employers with 106,000 employees, including physicians, scientists,
researchers and other advanced degree professionals in the life sciences.
The internationally-renowned, 1,345-acre TMC is the world’s largest medical complex with 54 member
institutions, including leading medical, academic and research institutions, all of which are non-profit and
dedicated to the highest standards of research, education and patient and preventive care. Over 70,000
students – including more than 20,000 international students – are affiliated with TMC, including high
school, college and health profession graduate programs. More than 7.2 million patients visited in 2012,
including approximately 16,000 international patient visits.
In addition to the medical facilities and institutions of higher learning, TMC is also home to more than 290
professional buildings. Overall, the complex covers over 18 miles of public and private streets and
roadways, with 45.8M SF of existing patient, education, and research space. TMC has continued to grow
and expand over the past several decades with the majority of growth occurring in the past ten years. The
Center is located in the 110-acre University of Texas Research Park, a joint effort between the University of
Texas Health Science Center, M.D. Anderson and General Electric Healthcare. TMC spent $7.1 billion in
building and infrastructure investments between 2008 and 2012, and spent over $3.4 billion on research
and over $960 million on charity care in 2012.
The University of Texas M.D. Anderson Cancer Center in the Texas Medical Center,
ranked #1 in U.S. News & World Reports “Americas Best Hospitals 2013” for cancer care.
TMC Patient Care Institutions
TMC Academic and Research Institutions
DePelchin Children’s Center
Sabin Vaccine Institute
The Menninger Clinic
The University of Houston – Victoria School of Nursing
The University of Texas M.D. Anderson Cancer Center
Texas Children’s Hospital Neurological Research Institute
Texas Children’s Hospital
Baylor College of Medicine
Memorial Hermann Hospital System
The University of Texas Health Science Center at Houston
The Methodist Hospital
The University of Texas M.D. Anderson Cancer Center
St. Luke’s Episcopal Hospital
University of Houston College of Pharmacy
Lyndon B. Johnson General Hospital
Rice University
Quentin Mease Community Hospital
Texas A&M University Health Science Center
Ben Taub General Hospital
Prairie View A&M University College of Nursing
The Institute for Rehabilitation and Research
Texas Woman’s University Institute of Health Sciences
The Hospice at the Texas Medical Center
Texas Southern University College of Pharmacy and
Health Sciences
Texas Heart Institute
Shriners Hospitals for Children – Houston
Veterans Affairs Medical Center in Houston
Harris County Psychiatric Center
Houston Academy of Medicine
COLLIERS INTERNATIONAL | P.4
5. HEALTHCARE MARKET COMMENTARY | YEAR-END 2013 | COLLIERS INTERNATIONAL HOUSTON
HOUSTON AREA HOSPITAL LOCATIONS
Houston MSA Health Care
115 Hospitals
19,830 Hospital Beds
13,360 Physicians
299,600 Health Care & Social Assistance jobs
3.5% annual employment growth
TEXAS MEDICAL CENTER MAP
Texas Medical Center
World’s Largest Medical Complex (1,300 Acres)
54 Member Institutions
7.2M Patients in 2012
106,000 Employees
5,000 Physicians
49,000 Life Science Students
$960 million in Charity Care
COLLIERS INTERNATIONAL | P.5
6. HEALTHCARE MARKET COMMENTARY | YEAR-END 2013 | COLLIERS INTERNATIONAL HOUSTON
The Colliers Advantage
Enterprising Culture
Colliers International is a leader in global real estate services,
defined by our spirit of enterprise. Through a culture of service
excellence and a shared sense of initiative, we integrate the
resources of real estate specialists worldwide to accelerate the
success of our partners.
When you choose to work with Colliers, you choose to work
with the best. In addition to being highly skilled experts in their
field, our people are passionate about what they do. And they
know we are invested in their success just as much as we are
in our clients’ success.
This is evident throughout our platform—from Colliers University, our proprietary education and professional development platform, to our
client engagement strategy that encourages cross-functional service integration, to our culture of caring.
We connect through a shared set of values that shape a collaborative environment throughout our organization that is unsurpassed in the
industry. That’s why we attract top recruits and have one of the highest retention rates in the industry. Colliers International has also been
recognized as one of the “best places to work” by top business organizations in many of our markets across the globe.
Colliers International offers a comprehensive portfolio of real estate services to occupiers, owners and investors on a local, regional, national
and international basis.
LISA R. BRIDGES
Director of Market Research | Houston
Direct +1 713 830 2125
Fax +1 713 830 2118
lisa.bridges@colliers.com
COLLIERS INTERNATIONAL
1233 W. Loop South
Suite 900
Houston, Texas 77027
Main +1 713 222 2111
Accelerating success.
COLLIERS INTERNATIONAL | P.6