JLL to oversee 4.5 million s/f Brown University Health real estate portfolio

Providence, RI JLL has been selected by Brown University Health (BUH) in Rhode Island to support the oversight and management of its combined Brown University Health real estate portfolio.

JLL will provide strategic portfolio development, data analytics, brokerage and transaction management services across 150 properties totaling 2.3 million s/f of off-campus space throughout R.I., Conn. and Southeastern Mass. and 2.2 million s/f across six hospital campuses.

JLL will align real estate strategy across clinical, administrative and academic functions to support patient access, staff experience, operational efficiency and long-term planning across the system.

“We are excited about this partnership with JLL,” said Tim Quirk, VP of real estate and facility planning at BUH. “Together, we will conduct a comprehensive portfolio optimization exercise to prepare Brown University Health for the most efficient and accessible care network across Rhode Island and Massachusetts.”

Under the engagement, JLL will evaluate and align assets across Brown University Health’s portfolio to support current operations and long-term growth.

The JLL team supporting Brown University Health is led by U.S. healthcare leasing advisory lead Matt Coursen, managing director Bob Coughlin, senior vice president Chris McCauley and senior vice president Anna Lee Ware. The team brings experience guiding healthcare organizations through periods of portfolio complexity and long-term strategic planning.

“As healthcare systems evolve, real estate becomes more than an operational function,” Coursen said. “It plays a meaningful role in access to care, how services are delivered and how organizations support their workforce. Brown University Health is a leading health system in Rhode Island, and being able to support its newly combined real estate portfolio at this moment is meaningful work for the JLL team. Our role is to bring clarity, alignment and long-term strategy to a large and diverse portfolio, so the organization can stay focused on what matters most: its patients and staff.”

JLL Healthcare provides a full range of real estate and facilities solutions for hospitals, physicians, and other care providers, as well as for owners and investors of medical and senior housing properties. The firm helps healthcare clients plan, find, finance, buy, lease, sell, construct, manage and maintain facilities across the full continuum of care, serving more than 550 million s/f of healthcare real estate annually. Its professionals have deep technical expertise and market knowledge and are armed with the most innovative, data-driven tools and business intelligence in the industry.