Medical Office Investment Group

[Solace Medina]

Does a medical office investment mastermind/investment group exist? I want to learn how to analyze, find, acquire, and lease medical offices from investors who are in this space. I want to do this as a single investor (or with a partner) but not through joining a syndication. I'm located in Wichita, KS but location doesn't matter if there is an online group! 

Alternatively, if you are an investor who owns medical offices, I'd love to chat with you.

[Don Konipol]

I've owned a few medical office properties in the past. Minimum total price for a smaller, yet still "efficient" property would be in the $1,500,000 + range in the less expensive states. Financing of up to 50% at 2 or 3 % over "base rate" can be had. Any LTV over that would require hard money rates, which would make cash flow negative. So, if you are able to find a cash flowing property in a low cost area you would realistically need $750,000 plus emergency capital of your own money to do a deal that has any chance of success.

Most smaller medical office buildings were occupied by solo practitioners or small partnerships.  In the last 5 years those are gone, ALL medical practices are now part of major group practices.  As leases expire the major practice administrators either consolidate and relocate practices into large medical campuses, or negotiate leases with retail strip centers that have empty space and are willing to sign a long term lease at way below market rent to attract an “anchor”.  

I no longer invest directly in medical real estate, I invest in medical office REITs.