By Alex Kopicki, Chief Investment Officer, Thomas Park Holding
At the Johns Hopkins Alternative Real Estate Asset Series, we explored a theme that continues to guide our work at Thomas Park: how capital and care move in tandem to create stronger, more sustainable systems.
Across the country, healthcare is expanding outward, from centralized hospital campuses to connected networks of outpatient facilities. Patients are finding greater access and convenience. And investors are recognizing that real estate can do more than provide space, it can enable performance. Capital and care have to move together. Real alignment creates durability – for the physicians, the patients, and the investment.
When capital is aligned with the mission of care, outcomes improve on every level. Facilities run with greater consistency and purpose. Patient experience strengthens. Those dynamics compound into what investors value most: stable utilization, resilient returns, and long-term growth.
At Thomas Park, we invest for that kind of alignment. Every project is evaluated through both a financial and a clinical lens, from the fundamentals of rent roll and yield to the deeper measures of governance, payer mix, and throughput. It’s not just about creating assets; it’s about building ecosystems that serve people and purpose over time.
Regulation provides the framework that keeps this alignment durable. The most effective capital structures operate confidently within those guardrails, creating trust that lasts beyond the transaction.
Healthcare real estate is evolving toward partnership: where capital, care, and community are interconnected. When that alignment happens, value becomes more than financial. It becomes foundational. When capital and care move together, everyone wins.