In this episode, Josh discusses medical office investing with Joseph Caltabiano, founder and CEO of Healing Realty Trust. HRT is a REIT that acquires medical office buildings and adds psychedelic-assisted therapy clinics as vacancies arise. Remote work has not disrupted medical office buildings and continues performing well. The REIT structure provides transparency and aligns the interests of the operating side and investors. The value-added strategy involves expanding the infrastructure for psychedelic-assisted therapy, which is a growing and evolving field. The company targets properties in suburban areas near hospitals and focuses on stable revenue streams from long-term therapy. Their long-term goal is to scale up and eventually create a public opportunity.
Keywords Healing Realty Trust, REIT, medical office buildings, psychedelic-assisted therapy, value-add strategy, suburban areas, stable revenue streams, scale up, public opportunity
Chapters
00:00 Introduction and Overview
05:09 The Benefits of the REIT Structure
07:24 The Potential of Psychedelic-Assisted Therapy
13:12 Targeting Suburban Areas for Stable Revenue
19:45 Scaling Up and Creating a Public Opportunity
23:13 The Disrupted Cap Rates of Medical Office Buildings
26:31 The Bipartisan Acceptance of Mental Health
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