Background in healthcare, finance, and real estate, plus active networking, are keys to success.
Are you passionate about finance, real estate, and healthcare too? If you are interested in real estate and would like to work in one of the few areas of real estate that has survived the economic downturn, a career in medical real estate may be an option for you. Medical real estate careers involve the development, sale, purchase or brokering of healthcare properties such as hospitals, medical office buildings, clinics, outpatient surgery centers, and specialty hospitals.
According to Joe Baugh, managing partner of Capital Growth Medvest, healthcare real estate is the best arena of real estate in which to work. Mr. Baugh is now a partner in his own firm, after learning the ropes working for another medical real estate firm for about five years.
Baugh provides some great advice on how to break into a career in medical real estate, and one thing stood out to me about his career, is that, like many successful executives in any field, professional networking contributed greatly to his career success over the years. According to Baugh, it was a professional contact who helped him get his start, and gave him his "big break" in the medical real estate field.
Later, Baugh was able to start his own firm, partnering with other professional contacts whom he'd met over the years working in the industry. If he hadn't made the appropriate networking contacts, maintained mutually beneficial relationships with them, and proven himself to them as a producer in the medical real estate industry over time, he would not have had the career success he enjoys today, about ten years into his career. Read more about how to get a career in medical real estate, in the interview with Joe Baugh about his career path, and tips for success.