Shares in HealthCo Healthcare and Wellness REIT rose nearly 4 per cent on Tuesday after the specialist property trust – part of David Di Pilla’s HMC Capital funds platform – booked a 4.5 per cent ($71 million) net valuation gain across its portfolio of private hospitals, medical centres, childcare facilities and research laboratories.

The positive valuation result, which bucked the trend of declining values in other commercial real estate asset classes, most notably the troubled office market, followed HMC Capital’s swoop on a $1.2 billion portfolio of Healthscope hospitals in March.