Hplex President and Founder, Denny Freudeman, was recently featured as one of Business First’s 20 People to Know in Real Estate.
How did you get into the industry? I started my career as a CPA practicing in public accounting. Based on several real estate clients I represented, I decided to pursue a career in the real estate industry, migrating to healthcare real estate at a time in the late 1980s when healthcare development and facility expansion were becoming more active in the central Ohio marketplace. Healthcare real estate is very specialized and requires knowledge not only in real estate, but also in the healthcare industry and the various government rules and regulations. I was intrigued with the challenge of working in this growing industry segment.
What is the most exciting thing happening at your organization? As the organization approaches its 15th year in business, we are beginning a transition succession plan, which includes a talented team of new leaders who will continue to grow the business. This group is led by Mike Kudla (Chief Operating Officer), Aaron Green (Senior Vice President, Project Management) and Kara Solarz (Senior Vice President, Real Estate Services). We also are continuing to add new staff with various professional backgrounds to best serve our growing client base. Our growth over the last two years has exceeded our company goals and has substantially increased our client list and development projects – both regionally and nationally. We see continued growth and expansion into other states, as well as local opportunities as our reputation and brand continues to grow in the healthcare industry.
What trends do you see in the Central Ohio market over the next five years? Our business has been solely offering real estate consulting, property management, project management and development services in the healthcare industry. Central Ohio has seen significant healthcare facility growth with not only all four major hospital systems, but also with large independent physician groups. We see all four hospital systems continuing to expand their market presence in all four directions from Columbus. This trend will continue as healthcare services continue to shift to an outpatient model and become more and more consumer driven with ease of access to ambulatory and physician offices being extremely important in a competitive market place.
What’s the industry’s greatest challenge? Interest Rates have remained low over the past several years. The pressure for rising interest rates compiled with the current increases we are experiencing with construction cost inflation and greater demand will put pressure on increasing rental rates. Columbus historically has been in a very competitive rental rate environment so dealing with increased cost and rates will create new challenges to explore economical and affordable projects for the end users.
People to Know is coordinated by freelance writer Susan Deutschle.