Developing Leadership
Developing Leadership
NAIOP Colorado
Making A Prescriptive Decision Before Investing with Chris Bodnar
41 minutes Posted Aug 21, 2023 at 1:36 pm.
08:27] Chris Bodnar Shares His Career Journey and Mindset
15:15] Prescriptive Capital Partners Launches Medical Office Building Project
24:13] How the Lease is Signed
40:37] Tips for Success
41:24] Closing Segment
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41:20
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Show notes
Chris Bodnar is the Chief Executive Officer of Prescriptive Capital, a private equity company focused on investing in limited partner and general partner positions in healthcare, life sciences and senior housing real estate. 
Prior to founding Prescriptive Capital, Chris served as Vice Chairman of the U.S. Healthcare & Life Sciences Capital Markets at CBRE, a Fortune 150 company. At the time, Chris was the youngest investment advisor to be appointed to Vice Chairman in the company’s history and one of the first to start a national practice focused exclusively alternative real estate assets. Over the course of his career, he has advised on thousands of transactions totaling more than $20 billion in value. 
He serves on the Editorial Advisory Board of the publication Healthcare Real Estate Insights, is on the ULI Healthcare and Life Sciences council, and is the Chair Emeritus of the Building Owners & Management Association (BOMA) Medical Office & Healthcare Real Estate Conference. In 2013, Healthcare Real Estate Insights selected Chris as their Healthcare Executive of the Year as part of their annual HREI Insights Awards. Chris has a Bachelor of Science degree in Business and Real Estate from the University of Colorado Boulder – Leeds School of Business.
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Chris discusses his career journey and how it has prepared him for his new venture
Chris shares a story about his mother, who taught him empathy and how it has helped him in business
Chris talks about the importance of honing your skillset and how stepping in to do something you're not trained to do can be a positive experience
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Prescriptive Capital is a healthcare real estate investment company focused on alternative real estates assets, such as medical office buildings and senior living communities
The company has just funded a medical office building in the affluent suburb of Houston and is also developing another project in the Woodlands area
The company is focusing on high-traffic thoroughfares in the Woodlands area and is targeting physicians as its main investors
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The lease for the surgery center is signed with physicians
The surgery center will generate more money for the physicians than they would if they were to invest in real estate
The surgery center is an example of a business that is profitable and has high margins
The practice has 52 doctors, and most of them are new to the business
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To trust the process and focus on what will produce the results rather than the results or process
How he learned to ask for favors and set the stage first by saying he had a secret to ask, and then giving a reason
Chris's advice is to talk to as many people as possible to learn about the industry
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Key Quotes:
“Brokers get overpaid for what they do because you hire them to lease space.” - Chris Bodnar
“I think a lot of us wanna keep it in so we don't fail. But by keeping it in, you're just gonna fail anyways. So, which way do you wanna fail?” - Chris Bodnar
Connect with Chris:
Linkedin: https://www.linkedin.com/in/louis-o-connor-
Website: https://strategicmetalsinvest.com
Visit us on our Website: https://www.naiop-colorado.org/
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