HealthCare & Life Sciences
Acute and Surgical Care
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Major Hospital Systems and Medical Centers
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Level I and Level II Trauma Centers
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Surgical and Ambulatory Care Centers
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Specialty and Rehabilitation Hospitals
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Psychiatric and Behavioral Health
Medical Office & Outpatient
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Medical Office Buildings
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Outpatient Care Campuses
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Urgent Care Networks
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Diagnostic Imaging Centers
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Dialysis and Infusion Centers
Senior Care and Housing
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Skilled Nursing Facilities
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Assisted Living Communities
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Memory Care Facilities
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Continuing Care Retirement (CCRCs)
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Senior Housing Campuses
Life Sciences
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Clinical Research and Lab Space
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Pharmaceutical R&D Campuses
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Biotech and Life Sciences Office
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Wet Lab and Clean Room Facilities
Assessors see the revenue.
We separate the real estate from the business.
The difference is the reduction
VALUATION APPROACH
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The life sciences real estate market has experienced a sharp correction from its 2021 peak. Lab vacancy has risen significantly in major clusters as tenant demand has moderated and speculative supply has delivered into a softer leasing environment. Medical office continues to evolve as health systems restructure real estate footprints and outpatient care models shift demand for traditional space. Hospitals face a combination of regulatory constraint, deferred capital investment, and equipment depreciation cycles that standard appraisal methods are not equipped to handle.
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Assessors routinely conflate going-concern income from care operations, meals, and ancillary services with real property value in senior housing and skilled nursing facilities. The correction, isolating the real estate from the business, is both technically achievable and frequently significant. For medical equipment, imaging systems, surgical suites, and lab infrastructure, personal property assessments are audited separately against actual useful life and functional condition. The complexity of healthcare real estate is the competitive advantage. Precision, market-leading reductions are achieved by building valuations that reflect current leasing conditions and the regulatory environment that constrains both use and redevelopment potential.
OUR EXPERTISE
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Major hospital systems and health networks, Level I and Level II trauma centers, surgical and ambulatory care centers, medical office buildings, outpatient campuses, urgent care networks, skilled nursing facilities, assisted living and memory care communities, and senior housing portfolios. Valuations are built to reflect current leasing conditions, functional and economic obsolescence embedded in specialized facilities, and the full regulatory environment that constrains both use and redevelopment potential.
Pharmaceutical R&D campuses, biotech production facilities, wet lab and clean room space are asset classes where tenant improvement infrastructure creates significant valuation complexity and where assessors apply general commercial methodologies to assets that require sector-specific frameworks. The going-concern separation argument in senior housing and skilled nursing is among the most consistently productive appeals in the healthcare sector and remains underutilized by most property owners.
