This document discusses healthcare real estate lease compliance. It provides an overview of common lease violations such as below fair market value leases and lack of written agreements. The document notes that penalties for violations can be severe, providing examples of settlements paid by healthcare providers. The remainder of the document focuses on a lease compliance quiz including four scenarios and discussion of the answers. Experts are listed who participated in the event.
5. Jennifer Duell Popovec
Publisher of Medical Office Today
Duell Popovec is a veteran journalist who has covered
healthcare real estate and associated issues for nearly 12
years. She has been published in Fortune magazine and the
Wall Street Journal. Duell Popovec launched Medical Office
Today in 2009. She holds a B.S. in Journalism from Texas
Christian University and a Master’s degree from the Medill
School of Journalism at Northwestern University.
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6. Creighton Wright
Managing Director with Cassidy Turley
Wright leads the Healthcare Practice Group for Cassidy
Turley. He is responsible for the management of 3
million square feet of medical office buildings for the
Hospital Corporation of America in Tennessee, Louisiana
and Missouri. He has more than 13 years experience in
the real estate industry.
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7. John Claybrook
Partner with Waller Lansden Dortch & Davis LLP
Claybrook is a member of the firm’s Commercial Real
Estate Group and for more than 20 years has focused
primarily on representation of and counsel to healthcare
companies and other healthcare service providers
regionally and nationally. He is a member of the
American Health Lawyers Association.
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8. Walter Neilsen
Partner with Waller Lansden Dortch & Davis LLP
Neilsen is a member of the firm’s commercial real estate
group and works primarily with healthcare companies. He
represents a publicly traded real estate investment trust
(REIT) as national leasing counsel and recently represented
the REIT in the acquisition of 15 medical office buildings in
Charlotte, N.C. Neilsen is a member of the American Health
Lawyers Association.
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13. Organization Fine Reason
Detroit Medical Center $30 million settlement Leases below FMW/no written lease
Condell Medical Center $36 million settlement Leases below FMV
Christus Spohn Hospital $4.1 million settlement Leases below FMV
St. James Healthcare-Montana $275,000 settlement No written lease
Ivinson Hospital-Wyoming $635,000 settlement Leases below FMV
Source: U.S. Dept. of Justice
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