Los Angeles — December 18, 2014 — CBRE Group, Inc. (NYSE:CBG) today announced that its healthcare specialty group achieved strong growth in 2014, with 14 long-term contracts signed this year, including six with new clients.
Leading healthcare organizations that selected CBRE to provide long-term real estate services for their portfolios included Bon Secours Health System and MemorialCare Health System. CBRE also expanded several existing healthcare relationships in 2014. Most notably, CHRISTUS Health retained CBRE for one of the largest facilities management assignments in the industry during 2014, comprising 10.5 million square feet across Texas and Louisiana.
In addition, several hospitals across the U.S. selected CBRE Healthcare to provide master planning, project management or facility activation services. These include Children’s National Health System, Cherokee Indian Hospital Authority, Florida Hospital, Pardee Hospital and Baptist Health.
The healthcare industry continued to be transformed in 2014. Healthcare systems consolidated via mergers and acquisitions, repositioned themselves within their markets, and sought new ways to reduce operating costs while ensuring regulatory compliance. To respond to this shifting environment, healthcare systems turned to CBRE to develop long-term solutions for facilities, capital projects and operational issues and to implement ambulatory care programs.
“Healthcare providers are increasingly seeking opportunities to optimize the performance of their real estate portfolio, while focusing their attention on providing the highest quality of patient care,” said Jim Hayden, Executive Managing Director of CBRE Healthcare.
CBRE now has more than 1,500 employees dedicated to providing services for the healthcare industry including specialists in design, planning, construction, brokerage, and facilities. These experts have published industry articles and spoken before industry groups on opportunities to unlock real estate value in the evolving healthcare industry.
Today, CBRE provides real estate and facilities management services to approximately 90 major hospitals and healthcare systems and more than 10,600 physician practice groups throughout North America. For more information, visit www.cbre.com/healthcare.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.