IBM - EXCLUSIVE: Understanding Real Estate For Psychedelic Treatments Boosted By Geospatial Mapping | Benzinga
Facing high patient demand for psychedelic-assisted therapies (PAT) once FDA-approved, two partner organizations are advancing an AI-powered solution to identify oversaturated clinic clusters and opportunities forward. (See Part 1 of the conversation.)
Healing Realty Trust’s president, Cody Shandraw, says the company combines a tenant-led, tenant-focused modality with a choice of buildings that are transitional, repurposing property.
"Medical office real estate is one of the most stable asset classes in the world, providing security for us and for investors and shareholders,” he told Benzinga. "It's really making sure that we're not just getting single-use types of buildings as seen early on in the cannabis space,” referring to multibillion-dollar growth facilities that hardly retain their built-in value once operators rotated.
And further, it provides the security of having access to traditional types of banking. "A stable asset class like real estate is always going to be around the most profitable segment of investing for the last 50 years, sort of maybe IBM (NYSE: IBM) or Apple (NASDAQ: AAPL).”
For Shandraw, three types of real estate deals ...