The Role of Mortgage Brokers in Retirement Housing: Key Considerations
H-Town Day: Dr. John Kajander
1. Welcome to H-Town!
Home of the
H-TOWN DAY 2011
The Houston Association of
Realtors
October 20, 2011
2. A Historical Journey
The Texas Medical Center in the Making
Giants In Vision
■ Houston Business Monroe
Dunaway Anderson creates a
business legacy based on cotton
trading thanks to Houston’s new
found leadership as a
trading/shipping center (Anderson
Clayton Company)
3. A Historical Journey
The Texas Medical Center in the Making
Giants In Vision
M.D. Anderson creates the MD Anderson Foundation for the betterment of
mankind (1936) on his death in 1939, the foundation is funded to approximately
$19 million (valued at $293 million in 2010)
M.D. Anderson Foundation:
■ Morris D. Anderson
■ Colonel William Bates (Fulbright & Jaworski)
■ John H. Freeman (General Counsel of Anderson Clayton—Fulbright & Jaworski)
■ Horace Wilkins (Banker)
Texas Medical Center Chartered in 1945
■ Ernst William Bertner, M.D.—First Texas Medical Center President
4. A Historical Journey
The Texas Medical Center in the Making
Houston in the 1940’s
■ 1940’s Houston had shortage
of board certified MD’s, acute
shortage of hospital beds and
no medical schools for a
population of 450,000
5. A Historical Journey
The Texas Medical Center in the Making
Partnering with the State
■ 1942: M.D. Anderson Foundation
provides a $500,000 gift to the
State of Texas to establish the M.D.
Anderson Cancer Hospital and
Tumor Institute in Houston
■ M.D Anderson Cancer Hospital and
Tumor Institute finds its first home
converting the residence of James
A. Baker
6. A Historical Journey
The Texas Medical Center in the Making
City of Houston Steps Forward
■ 1943: City of Houston passes
referendum creating the Texas
Medical Center providing 134 acres
next to the Hermann Hospital to
develop a “city of health”
■ 1945: Texas Medical Center is
officially chartered on October 8
and filed with the State of Texas on
November 1. First board meeting
is held at the Houston Club
7. A Historical Journey
The Texas Medical Center in the Making
Dallas’s Loss = Houston’s Gain
■ 1943: Baylor College of Medicine
relocates from Dallas to Houston.
M.D. Anderson Foundation provides a
$1 million contribution to the school
plus $1 million for faculty and
research (to be paid over a 10-year
period). Houston Chamber of
Commerce provides $500 thousand.
■ Baylor College of Medicine finds its
first home in a Sears warehouse at
the intersection of Alan Parkway and
South Shepherd drive
8. A Historical Journey
The Texas Medical Center in the Making
Visions Become Reality
■ By 1954, the Texas Medical Center
had eleven institutions: four
hospitals; two children's hospitals; a
university; a library; a speech and
hearing center; a dental school; and
an overall planning and coordinating
group.
Baylor College of Medicine under construction, 1946
9. The largest concentration of medical assets in the world
Hosts more than 6.0 million patient visits annually
1,000+ Acres
49 Member Institutions, all “not for profit”
93,500 Employees
$1.8b Research funding
20,000 MD, PhD researchers & advanced degree professionals
71,500 Students, including 5,600 international students
6,800 Hospital beds
16,000+ International patients annually
3000 Ongoing clinical trials
Facts and Figures (2011)
10. Of the 49 Member Institutions
21 Academic institutions
16 Hospitals
3 Medical schools
3 Public health organizations
1 Dental school
6 Nursing schools
2 Schools of pharmacy
25 Agencies of government
11. Campuses
Main Campus
Historic core of Texas
Medical Center
Main Street Corridor
An important bridge between
TMC and Rice University
Mid Campus
Brings together emerging large
land development areas
South Campus
The University of Texas campus
dedicated to patient care,
research, education and
administration/parking
W. Leland Anderson Campus
High school for health
professions, a psychiatric center
and child-care center
Rice University Campus
Unprecedented opportunity to
expand teaching and research
initiatives
13. Commercial Office Space* Commercial Office Space*Market Market
*National Office Statistics. Excludes small retail buildings, residences, government
buildings, parking and lodging facilities.
Comparison of Business Districts Gross Sq. Ft.
Texas Medical Center (Current & Projected 2014) to Downtown Business Districts (4Q2010)
New York City, NY 392,720,662
Chicago, IL 121,349,638
Washington, DC 103,954,190
Boston, MA 60,042,762
Texas Medical Center (Ultimate Capacity) 59,000,000
San Francisco, CA 49,158,053
Philadelphia, PA 43,716,633
Seattle, WA 40,844,074
Texas Medical Center (Projected YE-2014) 37,835,094
Orange County, CA 36,474,420
Houston, TX 36,039,828
Texas Medical Center (July -2011) 35,851,950
Minneapolis, MN 35,036,521
Cleveland, OH 34,631,662
Texas Medical Center (YE -2010) 34,219,427
Dallas, TX 28,580,098
Los Angeles, CA 28,480,147
Denver, CO 26,739,949
Detroit, MI 25,055,535
Pittsburgh, PA 21,869,112
Portland, OR 20,908,824
Phoenix, AZ 16,471,976
Atlanta, GA 15,463,139
Baltimore, MD 13,835,403
Miami, FL 13,683,468
Oakland, CA 13,032,426
St. Louis, MO 12,987,327
Cincinnati, OH 12,555,791
Kansas City, MO 12,516,477
Fort Worth, TX 11,636,934
San Diego, CA 11,087,949
Indianapolis, IN 10,779,774
Milwaukee, WI 10,649,210
Buffalo, NY 10,379,834
Columbus, OH 9,908,630
Austin, TX 8,561,401
Bellevue, WA 8,159,725
Hartford, CT 7,976,010
Tulsa, OK 7,812,870
Jacksonville, FL 7,578,119
Nashville, TN 7,568,727
Orlando, FL 7,519,184
Salt Lake City, UT 7,174,194
Syracuse, NY 6,984,779
Silicon Valley, CA 6,956,526
Fairfield County, CT 6,832,948
Oklahoma City, OK 6,543,020
Tampa, FL 6,374,743
Westchester County, NY 6,307,675
Rochester, NY 6,234,178
San Antonio, TX 5,398,502
Birmingham, AL 5,165,764
14. The Loop
Chicago, Illinois
Texas Medical Center
Houston, Texas
Lower Manhattan
New York, New York
* All maps are to the same scale
TMC Compared to Chicago and Lower Manhattan
15. According to an updated economic impact
study conducted by the Southwest
Business Research Institute, Texas Medical
Center:
Generates $1.44 in government
revenues for each $1 in pro rated
government costs
93,500 direct employment, 121,500
indirect jobs
Direct Expenditures by TMC Institutions
greater than $5.7 billion
Secondary Expenditures: more than
$8.1 billion
(all institutional expenditures, not
personal income related)
Economic Impact
16. 20,000 MD’s, Ph.D.s and Researchers
represents the largest concentration of
scientific intellectual capital in the world
Generating an average of 15 new start
up businesses a year.
190 Companies in the Life Science
arena
Averaging a new discovery every other
day
New Business Incubator
17.
18. A Historical Journey
The Texas Medical Center in the Making
Giants In Patient Care
■ Cardiovascular Surgery
19. A Historical Journey
The Texas Medical Center in the Making
Giants In Patient Care
■Polio
■Rehabilitation
20. A Historical Journey
The Texas Medical Center in the Making
Giants In Patient Care
■Pediatrics
■Trauma
21. A Historical Journey
The Texas Medical Center in the Making
Giants In Research
■ Nobel Prize Winners
■Oncology
■Nanotechnology
■Genomics
■Molecular Medicine
■Pediatric Neuroscience
■Cardiovascular Medicine
22. Population growth of 2 million estimated between
2011 and 2025
1 million in the city
1 million in surrounding communities
Baby boom generation becoming the “Geritol
generation”
Increasing need for medical services
The Greater Houston Community is Changing
23. ■10 Stakeholders/Landowners Collaborating in Joint Effort
■ Mid Campus will be the “heart” of the Texas Medical Center Campuses
■ Capitalize on success of main campus and avoid some of the challenges
Creation of Mid and South Campus Conceptual
Development Plan
27. Ultimate Buildout Potential
Artist rendering of the ultimate buildout potential of the Texas Medical Center Mid and
South Campus, view looking south from the Main Campus (for illustrative purposes only)
28. Relative health of Houston economy enhancing ability to
attract top notch researchers
Cancer Prevention & Research Institute of Texas (CPRIT)
Bio-Engineering growth
Future Growth Opportunities
30. What started out as a dream is now a stunning reality. Houston
has a “city of medicine” unmatched in the world
TMC is now a major business district where planning,
infrastructure, transportation and other issues have increased
importance
Health care is not just an expense on the income statement and
balance sheet of a corporation, it is a significant economic
engine for the community
Quality Health Care Services are a huge satisfier and
differentiator for a community for enhanced quality of life
TMC concentrates intellectual capital that becomes fertile ground
for growth in a number high growth industries, (e.g.: bio tech,
nano-technology, genomics, etc.)
Summary thoughts on Texas Medical
Center & its Growth