The Move, Season 1, Episode 5
About This Episode
Jarrod Daddis and Michael Ray dig into how healthcare real estate went from being a niche play to something serious investors can’t afford to ignore. They talk through why capital is moving into the space and what it takes to get positioned.
The conversation kicks off with the big shift happening in the market. Healthcare real estate used to sit on the sidelines, but that’s changing fast. Jarrod and Michael look at how high-net-worth investors and institutions are adjusting their strategies—and what everyday investors can pick up from watching the smart money move.
From there, they get into the barbell strategy, a way of thinking about balancing safer, core assets with riskier opportunistic bets. It’s especially useful for family offices putting real capital to work in real estate. The hosts break down how to chase growth without overexposing yourself.
They wrap up by questioning whether the old investment playbook still makes sense. Traditional asset classes are facing real headwinds, and Jarrod and Michael push listeners to take a fresh look at where healthcare real estate might fit—even if it wasn’t on their radar before.
Key Themes and Takeaways
- The sector has earned its seat at the table. Healthcare real estate is no longer a niche allocation — it’s becoming a core holding for investors who recognize its stability and long-term demand drivers.
- Watch where the smart money is going. High-net-worth investors and institutions are adjusting their strategies to include healthcare real estate. There’s something to learn from how serious capital is repositioning.
- The barbell strategy offers a useful framework. Balancing safer core assets with higher-risk opportunistic plays helps investors pursue growth without overexposing themselves — especially relevant for family offices deploying real capital.
- Know your starting point before you invest. Prior experience and current liquidity position matter. Making informed decisions in healthcare real estate requires honest self-assessment about what you can take on.
- Needs-based fundamentals hold up when others don’t. Healthcare real estate is powered by demand that persists regardless of market volatility — a quality that’s increasingly hard to find in traditional asset classes.
- Secondary and tertiary markets are where opportunity is emerging. Integrating medical facilities into broader real estate developments outside major metros presents a promising avenue for investors willing to look beyond the obvious.
Chapters
- 00:03 – Exploring Healthcare Real Estate
- 00:32 – Exploring Investment Strategies for Family Offices
- 13:00 – Investing in Healthcare: Key Differentials and Market Dynamics
- 18:55 – Understanding Capital Stack in Healthcare Investments
- 25:41 – Reassessing Investment Strategies
About the Hosts
Jarrod Daddis is President and Managing Partner at NexCore Group, where he leads strategic and operational functions across the company’s eleven offices.
With 27 years of experience in healthcare, life sciences, and seniors housing real estate development, Jarrod has transacted billions of dollars in real estate while building lasting relationships with clients and colleagues.
Connect with Jarrod Daddis on LinkedIn.
Michael Ray is Chief Investment Officer at NexCore Group, where he leads the company’s investment and capitalization strategies.
With a background as a private equity attorney and real estate investment professional, Michael specializes in creating deal structures that drive strategic alignment and positive outcomes for physicians and capital partners alike.
Connect with Michael Ray on LinkedIn.