One of the side effects of the Affordable Care Act is that it’s forcing the medical community to become more efficient, and that’s a good thing for health care real estate investment trusts. At least that’s the perspective from Scott Peters, chief executive of Healthcare Trust of America /quotes/zigman/10379386/delayed/quotes/nls/htaHTA+1.12%, who says Obamacare is a “positive development” in a radio interview with MarketWatch’s Alisa Parenti. (The radio player is above, or you can follow the link to our MarketWatch radio page.)
“I think it is a game changer,” Peters said, calling it a “huge macroeconomic driver.”
Peters points out that Obamacare emphasizes preventive medicine. Translation: more office visits to doctors and a higher rate of occupancy at medical plazas. His company is seeing a 91.6% occupancy rate at the properties it owns.
Healthcare Trust has been public since June 2012 and currently is trading in the $11 range. Shares were down marginally to $11.40 in recent action.