Affordable Care Act Good for Health Care REITs

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Obamacare is a good thing for health real estate trusts, executive says

by By Russ Britt

One of the side effects of the Affordable Care Act is that it’s forcing the medical community to become more efficient, and that’s a good thing for health care real estate investment trusts. At least that’s the perspective from Scott Peters, chief executive of Healthcare Trust of America HTA +1.12% ,, who says Obamacare is a “positive development” in a radio interview with MarketWatch’s Alisa Parenti. (Follow the link to our MarketWatch radio page.)

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“I think it is a game changer,” Peters said, calling it a “huge macroeconomic driver.”
Peters points out that Obamacare emphasizes preventive medicine. Translation: more office visits to doctors and a higher rate of occupancy at medical plazas. His company is seeing a 91.6% occupancy rate at the properties it owns.

Healthcare Trust has been public since June 2012 and currently is trading in the $11 range. Shares were down marginally to $11.40 in recent action.

 

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