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Page 2 — Health Care Properties Quarterly — July 2017
CONTENTS Letter from the Editor
E verything from medical
office properties to assisted
living senior facilities to hos-
pitals remains an attractive
asset class as evidenced by
the new construction and sales vol-
ume seen across Colorado over the
last quarter.
UCHealth continues to grow in
the state, most recently breaking
ground on a more than $310 mil-
lion hospital. The
360,000-square-
foot facility with
an adjacent 85,000-
sf medical office
building housing
a two-story medi-
cal cancer center
is underway at
Town Center Drive
between Lucent
Boulevard and Highlands Ranch
Park.
The facility, slated to open in
early 2019, will generate between
500 and 600 construction jobs and,
once complete, UCHealth Highlands
Ranch Hospital will provide approx-
imately 400 permanent health care
positions.
While hospital development
continues across the state, there
too continues senior living facility
development. Additionally, since
the start of 2017, there have been
a significant number of senior liv-
ing sales, including Harbert Seniors
Housing Fund I LP’s acquisition of
the MorningStar of Wheat Ridge
community and Haverland Carter
LifeStyle Group’s purchase of the
recently completed Ralston Creek
Senior Living Facility in Arvada.
And don’t forget about Healthcare
Trust of America Inc.’s $2.75 billion
acquisition of Duke Realty’s medical
office assets, which included four
Colorado properties, and the medi-
cal development platform of Duke
Realty Corp.
It’s a busy time for health care
and senior properties. A number of
professionals shared their thoughts
on the outlook and trends facing
the industry in this issue of Health
Care Properties Quarterly.
Features include insightful pieces
on physician-owned medical office
buildings and sale-leasebacks; the
difficulty of making health care
decisions with health care’s uncer-
tain future; the impact energy-effi-
cient lighting and network technol-
ogy is making on facilities today;
a discussion on factors impacting
senior housing starts in Colo-
rado; the middle-market dilemma
– seniors who have been denied
access to senior housing because
they earn too little or too much
for current models of housing; the
changing atmosphere of food ser-
vice in senior facilities; and a part-
nership between students at Metro-
politan State University of Denver
and Eaton Senior Communities.
All in all, it’s a great issue. And, as
always, thank you for reading.
Jennifer Hayes
303-623-1148, Ext. 106
Denver Healthcare Services are dedicated to healthcare real estate and are experienced in
creating long-term real estate solutions and delivering superior results for the Front Range.
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