How to start a career in healthcare real estate?
I want to start a career in healthcare real estate. Does anyone have any ideas on how to get my foot in the door? I majored in business and just dropped out of med school.
[{"id": "ei1e481", "text": "You want to lease space to doctors or sell medical office buildings to investors?", "replies": [{"id": "ei1ftji", "text": "Both? The first one sounds easier if I'm stepping in.", "replies": [{"id": "ei1grvf", "text": "If you want something easy you should pick a different profession.  ", "replies": [{"id": "ei1if95", "text": "Agreed. Neither option is going to be easy. Medical leasing is often more complicated than standard office, retail, or industrial. ", "replies": [{"id": "ei1iymq", "text": "They are both very niche so a high degree of specialization is important, but they are also potentially lucrative spaces to be in.  ", "replies": [{"id": "ei1jc02", "text": "I agree. I\u2019m just imagining it being a little more difficult to step into. Or it might take a little more time. ", "replies": [{"id": "ei1jdqx", "text": "It\u2019s going to take time anywhere.", "replies": [{"id": "ei1jfax", "text": "Valid point ", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "ei1j9a5", "text": "There is a definite opportunity within selling medical office as an investment, maybe leasing and developing too as a full service firm.  Check out these guys as an example:  http://www.arizonamob.com", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ei1fkty", "text": "First good step is to learn about healthcare! ", "replies": [{"id": "ei1fs1s", "text": "Majored in it, and went to med school (for 2 yrs).", "replies": [{"id": "ei1g0dd", "text": "How much do you know about commercial real estate? Starting from scratch?", "replies": [{"id": "ei1habl", "text": "I really don't know much about any field. I concentrated on getting into med school from parental pressure, but decided it wasn't for me. I'm exploring different careers and getting a feel of them.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ei1fyeu", "text": "What do you want to do in real estate?", "replies": [{"id": "ei1h860", "text": "Tbh I'm still trying to figure my life out after med school didn't work out.", "replies": [{"id": "ei1ixl7", "text": "Alright. Well if you want to go into real estate, the most basic concepts you need to understand is NOI and cap rates.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ei1ifia", "text": "I wish I had advice. I fell into healthcare RE through working at a big firm. Most of the healthcare brokers I work with didn\u2019t have a clear path into it either ", "replies": [], "depth": 1}, {"id": "ei1rd03", "text": "Apply to firms that finance or develop seniors housing and healthcare facilities. Pm me if you need any suggestions.", "replies": [], "depth": 1}, {"id": "ei2oltr", "text": "I work on a team that does only healthcare commercial real estate (leasing, ten rep, some capital markets).\n\nSort of fell into it as my first brokerage job. Definitely a difficult way to start, mainly dealing with doctors and their egos which is frustrating. Any real estate job will be a grind at first. Plus they usually lease small space, so you work on a lot more deals than office. Upside is that Doctors generally lease space for a long time, and medical office rates are higher than general office in my market. \n\nPM me with any questions or if you would like to talk more. \n\nEDIT: healthcare commercial RE**", "replies": [], "depth": 1}, {"id": "ei37fzq", "text": "You\u2019re going to need to do some research on who the health care players are in your market. I\u2019d imagine starting at a healthcare REIT would be a great way to start, you get exposure to the leasing, management and acquisitions.  HCP, Physicians realty trust and healthcare trust of America come to mind.\n\nIf you have trouble landing a job on the principle side getting an analyst role on a brokerage team that focuses on healthcare might be the best option. I\u2019m not extremely in tune with top healthcare brokers but I believe CBRE has a strong healthcare capital markets team out of Atlanta and I think Transwestwrn has a really strong healthcare leasing team out of houston ", "replies": [], "depth": 1}, {"id": "ei468hk", "text": "Look into Carr Healthcare Realty. All they do is tenant and buyer rep for medical users.", "replies": [], "depth": 1}, {"id": "eicvwvu", "text": "You need to sponge, when you go to next personal doctor appointment, look around, ask the doctor questions regarding why they picked the space they're in, grade their office as A,B, or C class, if they're at a D class location then get another doctor or suggest to them if they're unhappy with their location offer to help finding them another location.  If they agree with letting you help then ask for what they want specifically,i.e. size,location, expense, etc.   Treat your commercial real estate profession as a service and not just a sales gig, you'll have to hustle and if you are persistent and find that property for them, you'll get referrals from them, then it can snowball, this is how I got to be a healthcare commercial broker. Do not just rely on that niche, expand your knowledge to other commercial real estate niches because doctors tend to be bad investors too.  Good luck!", "replies": [], "depth": 1}]