Medical Real Estate Development

The key to a successful real estate development project in the medical field is integrating the business plans for the various business entities that will occupy a building with the real estate project. As each business unit evaluates their five-year business pro forma, it’s critical that the real estate planning and budgeting are intertwined. DG Medical Developers—through relationships that have been developed over many years—coordinates this integration.

Our goal is to make sure that each project is well-structured from a financial perspective and that as much as possible, each member of the LLC is protected from unusual risk. Each consultant engaged on your behalf has a national reputation for excellence. Together, we’ll help you ensure the successful planning and execution of your medical real estate development project.

Step 1: Site Selection

The first step to a successful development project? Location, location, location. This begins with a meeting of DG Medical Developers and your representatives to discuss areas in which you’re interested in building a facility. Together, we’ll identify four or five potential locations that are listed for sale or could be purchased privately. We’ll use the next steps to evaluate and select the top two properties.

Step 2: Mapping

We use mapping technology and large amounts of data (both public and private) to locate the ideal intersection of available property, high traffic count, demographic data and locations of competing facilities. Together, we’ll review this data with you to make the most strategic decision regarding location.

Step 3: Sample Site Plans

We’ll work with your attorneys and team to develop a legal agreement for the new facility’s particulars and investor team.

Step 4: Sample LEASE AGREEMENT

This step involves enhancing your current approved lease and changing it for the newly developed LLC.

Step 5: Preliminary Schedules

We’ll work with your team on a preliminary schedule that estimates the time requirements—from site selection to city approval to construction and ending with the Certificate of Occupancy for the new clinic. This step is critical, as it creates the road map and expectations for everyone involved.

Step 6: COST ESTIMATES

We’ll provide detailed estimates on different scopes of work for the new clinic, including development costs, construction costs, legal costs and interest.

STEP 7: REzoning PROCESS (IF Necessary)

We’ll work with city staff for approval on the appropriate zoning and use of a particular site. This can be up to a 4-6 month process, depending on the community.

STEP 8: Purchase Agreements at Risk

It’s been proven that an independent developer can negotiate better costs for a site when the site owner doesn’t know the identity of the end user. We’ll negotiate and secure sites from property owners, putting the sites under contract in DG Medical Developers’ name. While under contract, we and our partners will continue to push the project forward by working on design, legal documents and engineering. Once occupancy for the new clinic has been attained, we’ll assign the sites to a newly created LLC. The escrow funds will be the funds of DG Medical Developers—with no recourse or risk to you.

STEP 9: Lease Abstract

Our team will complete the lease abstract on all existing clinics. This is the final close-out document for a new location. The document summarizes the details of a particular property and gives a dashboard report on the important details of the lease.