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As healthcare spending takes up a larger portion of the U.S. economy each year, savvy RE investors are betting big on healthcare properties. Since 2019, leading investment manager Nuveen Real Estate has built a healthcare portfolio of more than $2.5 billion in AUM across over 100 properties. With the sector poised for even greater growth due to the increasing popularity of medical outpatient buildings (MOBs) as well as the mounting demand for senior living facilities for aging Baby Boomers, the institutional investor is planning to increase its investment in the sector. TRD sat down with Chad Phillips, Global Head of Workplace, Retail, Mixed-use and Healthcare at Nuveen Real Estate, for an inside look at why his firm has moved into the healthcare sector in a big way.