HEALTHCARE UPDATE
&
Alexandra Loye Philip Wurth
For healthcare commercial real estate experts Alexandra Loye, senior vice president, and Philip Wurth, executive vice president, there is always an urgency and immediacy to deliver actionable market intelligence and best-in-class, value-add services for their clients. “The Wurth-Loye Healthcare Real Estate Team at Colliers offers clients a holistic approach to healthcare asset management with offerings including acquisition, leasing services, tenant representation, disposition services and property management thorough Colliers Real Estate Management Services (REMS),” says Loye. STARTING POINTS
With a combined 28 years of CRE experience and over 1,400 transactions, these two Arizona State University graduates are among the most knowledgeable and distinguished healthcare experts in the region. “I began my career at Logan Commercial in 2003,” says Wurth. “At the time, medical office condos were really taking off, and I focused 100% on that product. Fast forward 18 years and I have been fortunate to represent all types of healthcare properties and practices.” For Loye, her
18
journey began as an intern at Cushman & Wakefield, while pursuing a Bachelor of Science in Business, Real Estate. “When the market crashed as I graduated in May 2008, I was devastated, but remained determined to follow my dreams of being a broker,” she says. After developmental roles at Grubb & Ellis and NAI Horizon, Loye landed a principal position at Avison Young. “I have been blessed to have good mentors along the way, including my long-term partner Julie Johnson (Avison Young and Colliers), and cannot
believe this is my 11th year in brokerage.”
HEALTHCARE
Demographic and financial trends indicate that demand for healthcare services will continue to accelerate over the coming years. “Healthcare is already 17.7% of our national GDP and will only grow as the silver tsunami of baby boomers continue to age,” Loye says. For the Grand Canyon market, these trends are amplified by a population surge into the state. “We are fortunate that we are experiencing huge inward
migration, with over 125,000 people of all ages moving to Arizona from July 2019 to July 2020, but particularly people over 65 who require 2.5 times the amount of healthcare.” This booming demand translates into a vibrant healthcare CRE sector for the Valley. “As the population in Arizona continues to increase significantly every year, healthcare providers must expand to service the growing market,” Wurth says. “There is a lack of high-quality functional medical space, and we are focused on site selection © MPmedia, LLC 2021
