Healthcare real estate investment trusts raised a record $7.5 billion in capital in the first six months of 2012, outpacing previous record years, according to an analysis by Jones Lang LaSalle.
The $7.5 billion in capital represents more than 65 percent of the $11.3 billion HCREITs raised in all of 2011 and 80 percent of the $9.2 billion HCREITs raised in all of 2010.
HCREITs also continue to outpace REITs in other property classes, with HCREITs raising 20 percent of all REIT capital through mid-year of 2012. Additionally, HCREITs have produced the highest total return (84 percent for the HCREIT composite since the beginning of the recession), compared to other REITs (34 percent rate of return for the U.S. REIT composite).
"The ability of healthcare REITS to raise debt and equity capital with attractive pricing supports aggressive, accretive acquisition programs and correlates directly with the market-pacing performance of this investment type," said Mindy Berman, managing director of the Healthcare Capital Markets group at Jones Lang LaSalle. "The safe haven of healthcare real estate continues as it produces superior results across the board."
The $7.5 billion in capital represents more than 65 percent of the $11.3 billion HCREITs raised in all of 2011 and 80 percent of the $9.2 billion HCREITs raised in all of 2010.
HCREITs also continue to outpace REITs in other property classes, with HCREITs raising 20 percent of all REIT capital through mid-year of 2012. Additionally, HCREITs have produced the highest total return (84 percent for the HCREIT composite since the beginning of the recession), compared to other REITs (34 percent rate of return for the U.S. REIT composite).
"The ability of healthcare REITS to raise debt and equity capital with attractive pricing supports aggressive, accretive acquisition programs and correlates directly with the market-pacing performance of this investment type," said Mindy Berman, managing director of the Healthcare Capital Markets group at Jones Lang LaSalle. "The safe haven of healthcare real estate continues as it produces superior results across the board."