As demand for medical office space continues to rise, doctors are looking for ways to benefit from real estate ownership without the hassles of day-to-day management. That’s where Physician Property Partners (PPP), founded by Bob Waun of DIRT Realty, comes in. The firm provides physicians with an opportunity to transition from being sole property owners to limited partners in a diversified portfolio of medical office buildings (MOBs). Through a sale-leaseback model, doctors can invest in a larger pool of properties while maintaining an ownership stake in the very real estate their practices operate out of.
“Medical office is one of the strongest and safest sectors in commercial real estate today,” says Waun. “Doctors are realizing that by pooling their resources, they can achieve better returns, reduce risk, and focus on what they do best—medicine.”
The Strength of Demand in Medical Office
Unlike traditional office spaces that have seen declines post-COVID, medical office buildings have remained resilient. The healthcare industry continues to expand, driven by an aging population and the ongoing shift from hospital-based care to outpatient services. As a result, demand for well-located, high-quality MOBs is stronger than ever.
“Medical offices have high occupancy rates and are seen as essential infrastructure. People are always going to need healthcare, and doctors need modern, efficient spaces to deliver that care,” Waun explains. “This sector isn’t facing the same challenges as traditional office real estate. We’re seeing steady growth and high demand across the country, especially in high-growth markets.”
Doctors as Partners, Not Landlords
Physicians who partner with PPP not only free themselves from the administrative burdens of property management, but they also gain access to a more diversified and scalable investment opportunity. By selling their individual properties and reinvesting as limited partners, doctors can spread their risk across multiple assets while still maintaining a voice in their practice real estate.
“Doctors prefer being partners, not landlords,” Waun notes. “They want the financial benefits of owning real estate, but they don’t want to deal with maintenance, tenant issues, or long-term capital planning. Our model gives them the best of both worlds—passive income from a growing portfolio and the freedom to focus on their medical practices.”
For physicians, partnering with PPP represents a path to financial security and a chance to reap the rewards of real estate ownership—without the stress.
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