If you are active in this market, a key
decision maker for your hospital system’s
real estate— or want to learn more,
MAKE PLANS NOW
TO ATTEND TODAY
RealShare MOB will kick off with the “Outpatient Cup” Golf Tournament, at 1pm on Thursday,
November 13th, at the TOURNAMENT PLAYERS COURSE at FOUR SEASONS LAS COLINAS, (home of the
EDS BYRON NELSON CHAMPIONSHIP and the same course Tiger Woods, Phil Mickelson, Vijay Singh and
Sergio Garcia play each year). The golf tournament will be followed by an opening cocktail reception, with
the conference beginning Friday morning, November 14th.
With a topic agenda covering the myriad of challenges
and opportunities, RealShare MEDICAL OFFICE
BUILDINGS will bring into focus the industry’s most
pressing concerns, including:
• Is MOB Truly Recession-Resistant? Will MOB Become More Recognized as
a Distinct Alternative Asset Class?
• Debt & Equity Capital Markets Update: “Location, Location, Location:”
Why Class A On-Campus, and Class A Off-Campus MOB will continue to
See Financing in a Low-Leverage Environment
• Seniors Health Care Real Estate and MOB: Are the Lines Becoming
Increasing Blurred, and Should They?
• Developers Perspective—Why Build MOB? Is There a Potential Oversupply, or Has the Credit Crunch Severely Impacted New Construction
and Development Activity?
• Investment Sales Update: Who’s Buying, Who’s Selling and Why? Is the
Capital Markets Dislocation Just a “Short-Term Headache?”
• Benefits of Hospital Real Estate Monetization: Why Should Hospitals
and Healthcare Firms with Excessive Capital Expenditures Consider
Selling Properties?
• Exploring the “Uniqueness” of MOB Geographic Demand: Overview and
Analysis of Why One Region Is Not the Same as the Other; Find out Where
Tomorrow’s Opportunities Will Exist
• MOB Operations: Overview and Analysis of Pre-Leasing Requirements,
Lease Terms and Challenges Associated with the “High-Maintenance
Property Type”
SPONSORS: SPONSORSHIP INQUIRIES:
• Lincoln Harris CSG Richard Kelley • 212.929.7105 • Richard.Kelley@incisivemedia.com
• Shattuck Hammond Partners GENERAL INFORMATION:
• Noyack Medical Partners, Inc. Brian Klebash • 917-464-0363 • Brian.Klebash@incisivemedia.com
MEDIA SPONSORS: IHenaltshcairegRehal Etstsate
TM
fective measures are the easiest to implement. Installing $2 aerators on faucets can
make a tremendous difference, with payback in less than a year.
The payback on the more complicated
systems can vary, depending on the cost of
water, and when in the development
process water conservation is considered.
“This is a very easy strategy when it’s
part of the building planning process,” says
Sherman. “The costs to run the system are
very small and they don’t take a lot of energy to run. The cost of containment adds
to the cost of the construction.”
The collection system at the David and
Joyce Dinkins Gardens added $20,000 to
$30,000 to the construction cost. “It’s not
low-hanging fruit,” Sherman says. “This is
a mid- to long-range payback.”
One Bryant Park required a payback of
the cost of its technology in less than eight
years, though the numbers are somewhat
skewed given that parts were bought five
years ago, when there was a price premium, Savitsky says.
Water conservation works best, in fact,
when it’s part of an overall program also
focused on reducing energy consumption.
Nowikas notes that the Hearst Building’s
electrical usage is 26% lower than a nongreen building of a similar size.
And while water shortages are not a
problem now, the price of water is going
up, making changes more necessary.
“Today, water is relatively cheap,” Freitag points out. “But the price has nowhere
to go but up.”
In fact, Siegel says, prices have been rising about 11% or 12% in the last couple of
years. And the need for water will continue
to increase.
“With population growth, if we continue
using recklessly, we’ll have problems,”
Amann notes.
Even more important to long-term
owner/developers is playing a leadership
role and pioneering. “If you look at 1
Bryant Park, this should be the baseline,”
Savitsky says.
And the investment is worth the value
to the environment. “Is the cost of the tank
so extreme?” asks Nowikas. “It was about
doing the right thing.”—RENY
