Healthcare Realty Trust Reports Results for the Second Quarter apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Medical Office Remains an Investor Darling, Post COVID-19 In spite of some hiccups last year, the outlook for both leasing and investment in the sector is as strong as ever.
Once again medical office assets have proven their resilience against recessions. According to a new CBRE report on medical office trends, investment sales of medical office properties experienced a moderate drop compared to most major property types last year as the pandemic gripped the United States. What’s more, investor appetite for medical office product appears to be growing in spite of a dip in healthcare employment in 2020. With a 50 percent drop in patient visits to medical office clinics in 2020, healthcare employment declined by 6.4 percent, according to Oxford Economics data. That was still significantly below an 11.2 percent decline in employment for the broader economy.
Operator
Good day and welcome to the Healthcare Realty Trust First Quarter Financial Results Conference Call. All participants will be in listen only mode. [Operator Instructions].
I would now like to turn the conference over to Carlos Baca, Associate Vice President Investor Relations and Corporate Responsibility. Please go ahead.
Carla Baca
Associate Vice President Investor Relations and Corporate Responsibility
Thank you for joining us today for healthcare royalties, first quarter 2021 earnings conference call. Joining me on the call today are; Todd Meredith, Bethany Mancini, Rob Hull and Kris Douglas. Reminder that except for the historical information contained within the matters discussed in this call may contain forward looking statements that involve estimates assumptions, risk and uncertainty. These risks are more specifically discussed in the form 10k filed with the SEC for the year ended December 31 2020. These forward looking statements represent the company s judg