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I can give an example of how many of us might be asked to help or volunteer: We had a 500-bed hospital close in Philadelphia last July 1, due to, as far as I can tell, to general over-bedding in the area, long term failures in for-profit hospital management, and poor condition of the buildings. The hospital recently officially returned their license and gave back the buildings to the “good bank” which owns the real estate and had hired my firm to “manage” it. (It is stripped of beds, medical equipment, etc.) We are now hustling to potentially re-open at the City’s “request” as a quarantine or isolation center. I don’t know if this will actually happen, good news is that hospitals are required to do HVAC using 100% outside air (no recirculating, very inefficient environmentally), so that’s what we have in place.
In the discussion of the Top Ten today at the Chicago conference, additional topics including excessive incarceration, workforce availability and wealth inequity were mentioned. These clearly impact real estate. Education and healthcare are included under “infrastructure” in the draft Top Ten list, these topics should form a separate and critical issue: social infrastructure. This is related to demographics and is a key driver of real estate.