DALLAS – At $15.8 billion, the Lone Star State has the second-largest pipeline for medical real estate in the nation, according to medical real estate data firm Revista in its annual healthcare construction analysis evaluating projects underway in 2017.
“There is a lot of construction and demographic growth in general in Texas, and healthcare real estate goes along with that,” said author Mike Hargrave. “It’s a vibrant economy.”
The new data from Revista focus on approved and funded projects that exceed $5 million in value. Analysts identified a total of 114 hospitals and medical office buildings under construction in Texas that met the criteria.
In North Texas alone there were 26 projects underway. They totaled nearly $8 billion. There were 31 projects totaling $3.8 billion in the Houston area, nine projects totaling $402 million in San Antonio, and eight valued at $503 million in or around Austin.
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