Sector Hub · 11 Property Types

Specialty Real Estate Analytics.

Specialty real estate covers healthcare (medical office, ASCs, urgent care, specialty hospitals), life science (lab + office for biotech tenants), parking (surface + structured), parking garages, corporate / university / hospital campuses, convention centers, stadiums, theme parks, entertainment venues, fitness centers, and car washes. Performance is measured by property-type-specific KPIs — cap rate by tenant credit for healthcare, rent PSF for life science (50-150% premium to office), turn rate for parking, attendance per event for stadiums, members + retention for fitness. Public REIT comparables include Healthpeak (DOC) and Healthcare Realty (HR) for healthcare; Alexandria (ARE) for life science; Madison Square Garden Entertainment (MSGE) and Live Nation (LYV) for venues; Mister Car Wash (MCW) and Driven Brands (DRVN) for car wash; Planet Fitness (PLNT) and Life Time (LTH) for fitness. Sport-and-entertainment REIT exposure routes through VICI (VICI — gaming + entertainment) and Howard Hughes (HHC — master-planned + entertainment districts). Ilora.ai ingests property-type-specific operating data — clinical volume, lab specifications, parking utilization, member retention, event-night revenue.

Property Types: 11
KPIs Tracked: 11
Canonical KPIs: 8
AI Agents: 347

Property Types

11 property types in SPECIALTY.

Canonical KPIs

8 core KPIs anchor specialty analysis.

NOINet Operating Income: Total revenue minus operating expenses (excludes financing and capital costs). The primary measure of property-level profitability.NOI = Revenue − Operating Expenses
Cap RateCapitalization Rate: Net Operating Income divided by current property value. Expresses unleveraged annual yield as a percentage.Cap Rate = NOI ÷ Property Value
DSCRDebt Service Coverage Ratio: Net Operating Income divided by total annual debt service. Lender-required cushion measure; below 1.0 means NOI cannot cover debt.DSCR = NOI ÷ Annual Debt Service
Rev PSFRevenue Per Square Foot: Revenue per leasable square foot. Universal specialty-property comparable.

Common Questions

Frequently asked questions about specialty real estate.

What property types does specialty real estate include?

Healthcare (medical office, ASCs, specialty hospitals), life science (lab + office), parking (surface + structured), parking garages, campuses (corporate / university / hospital), convention centers, stadiums, theme parks, entertainment venues, fitness centers, and car washes — eleven property types covering unique-purpose specialty use.

What makes life science buildings different from office?

Life science buildings have 50-150% higher rent PSF than office due to specialized lab requirements: 6-12 air changes per hour HVAC, vibration-isolated floors, fume hoods + biosafety cabinets, backup generators, cold storage. TI costs run $300-600 PSF vs $50-150 PSF office.

Which REITs benchmark specialty real estate?

Healthcare: DOC, HR, VTR, WELL, GMRE, CHCT, MPW. Life science: ARE (Alexandria — pure-play). Venues: MSGE, MSG, LYV. Car wash: MCW (Mister Car Wash), DRVN (Driven Brands — owns Take 5). Fitness: PLNT (Planet Fitness), LTH (Life Time), XPO (Anytime Fitness).

How does Ilora.ai analyze specialty properties?

Specialty agents are property-type-specific. Healthcare agent reads CMS Conditions of Participation, Stark Law compliance docs, tenant credit. Life science agent reads BSL classifications + AAALAC accreditation. Parking agent reads turnover data + concession agreements. Each surfaces sector-specific risk + opportunity.

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