MORE MOBS ARE MOVING CLOSER TO YOU

Medical facilities often cluster together near hospitals. This is still the case… but there is an interesting sub-trend that Alliance is dialed in on.

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More new medical offices are being established as standalone facilities… directly in residential, suburban areas as well as within newly built mixed-use developments.

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The modern world is full of conveniences. We can buy almost anything we need quickly and easily online. Virtually everything can be delivered straight to your door.

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While concierge medical services and house-calls are not practical or affordable for most American families, that doesn’t mean that medical services can’t be more convenient.

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When a medical practice is located close to your home… that's really helpful to many patients… and therefore a big differentiator for medical practices, who are trying to attract patients.

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In many ways, this trend is no different than what we see in other sectors of the economy, where the closer retail store wins – whether it’s groceries, restaurants, or movie theaters.  

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In many cases, these new MOBs are satellite offices for medical groups. For example, a gastro practice with 10 MDs, might have 4+ offices they circulate amongst across a wide geographical area.

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What is convenient for the customer is also good economics for service providers. And for real estate investors.

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Alliance has been following this trend very closely.

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Being the local provider is valuable. So is being a market specialist. In this case, these two factors overlap to our advantage.

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