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Paper eres2013_71:
Problematic Differentiation between Property Bonds and Leases in Healthcare Provision

id eres2013_71
authors Ellison, Andrew; Graham Squires, Patrick Dempsey
year 2013
title Problematic Differentiation between Property Bonds and Leases in Healthcare Provision
source 20th Annual European Real Estate Society Conference in Vienna, Austria
summary Investment into healthcare is now attracted by creating leases with guaranteed rental uplifts creating a property bond in all but name (Enever, N., Isaac, D., and Daley, M., 2010). Given the collapse of notable healthcare institutions, this research proposes more effective modelling of institutional investment for sustainable healthcare provision. Quantitative comparators are used to establish a differentiation between rental growth, care costs/charges and RPI. Qualitative data regarding the way in which advisers and investors view the security and value of these new instruments are gained via interviews with professionals in the market (Hardin, W., 1999). Findings consider the differentiation between rental growth defined by the balance of supply and demand, and indexed rental uplifts. This is in addition to a misunderstanding of the nature of the investment vehicles currently being marketed (Gilovich, T., Griffin, D. and Kahneman, D., Eds. 2002). As such, the new investment vehicles question the sustainability of modern private healthcare provision. Thus meaning that the dissemination of professional education will be required to create a market correction in the valuation and sale of these products.
keywords Property development, Investment and finance, Real estate, Healthcare provision, Leases
series ERES:conference
type paper session
email Andrew.Ellison@uwe.ac.uk
more http://library.eres.org/cgi-bin/rsa98.pl?conf=ERES2013&type=session&theme=A&slot=4704
discussion No discussions. Post discussion ...
ratings
session A-1: Asset, Property & Facility Management
last changed 2014/10/21 21:51
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