Shopping Centers Today

JUL 2018

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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J U L Y 2 0 1 8 / S C T 51 convenient, Shami says. "Practicing emergency medicine in New York City is challenging," said Shami, who worked at New York's St. Luke's Hospital after completing his residency at Long Island Jewish Medical Center. "You are universally hated. People are waiting eight hours to see you, walking into a room and not being greeted." Urgent-care centers, which provide a middle option between primary-care doctors and emergency rooms, are "flipping the model, from physi- cian-centric to patient-centric." CityMD's growth has coincided with a nationwide boom in walk-in health clinics. The number of urgent-care centers in the U.S. reached 8,125 in mid-2017, according to the Urgent Care Association of America, up by 12 percent from the previous year. In a show of its strength, private-equity firm Warburg Pincus purchased a majority stake in CityMD last year, in a deal that valued the chain at $600 million. The greatest number of walk-in health clinics — slightly over one- third — are in shopping centers, with the rest spread out among freestand- ing structures, medical facilities and mixed-use properties. For landlords that have lost some traditional retail- ers, urgent-care centers and their reliable traffic flows are often attrac- tive. CityMD's clinics, which occupy about 3,000 square feet, on average, see between 50 and 100 patients a day, Shami says. "Last year we saw 1.5 million patients, and our average door-to-doctor time was 10 minutes," Shami said. In New York CityMD has targeted high-visibility locations near busy transportation hubs. "Our motto is: 'We will meet you where you are.'" The company's presence in Washington state, where it operates seven clinics in the Seattle area, is through a partnership with CHI Franciscan Health, a nonprofit hos- pital system based in Tacoma. "That's an area CityMD is getting involved in: addressing the needs of large health systems and potentially partnering around delivering urgent care to those organizations," Shami said. As CityMD has expanded from its Manhattan base, ICSC membership has become an invaluable tool, says Shami. "I learned from my father that relationships matter, a lot, when you least expect them to," Shami said. "Every time I go to [an ICSC confer- ence], we come back with a new rela- tionship that is massively beneficial, and that's an incredible resource for our company." n The number of urgent-care centers in the U.S. reached 8,125 in mid-2017, up by 12 percent over the previous year T his year The Sembler Co. hired Nichole Popovics as vice president of leasing. A 15-year retail leasing vet- eran, she brings experience from stints at Brixmor Property Group, Equity One and, most recently, Regency Centers. Though a native of Mississippi, Popovics has lived in Florida most of her life, and geographically speak- ing, this latest career opportunity involves but a mere relocation some four hours southwest, from Jacksonville to St. Petersburg. The bigger move, as she will attest, is conceptual — from the publicly traded to the pri- vate retail real estate side. Popovics assumes responsibility for Sembler's third-party management projects, shopping centers under development and legacy assets. The firm Having worked for some of the largest publicly traded retail real estate firms, Nichole Popovics now relishes being at a private company, for a change By Ben Johnson Going private Nichole Popovics (center) heads up leasing at The Sembler Co.

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