Quorum Equities Group is seeking opportunistic, value-add, acquisition, re-development, and development opportunities with an investment horizon of one to five. Property types sought include: land, retail, healthcare properties, office, mixed-use, industrial, and multi-family.
Transaction types considered:
- Development, re-development, re-positioning, change in use opportunities
- Build-to-Suit Development, multi-site roll-out or single site
- Land acquisitions with entitlement risk, property acquisitions with re-entitlement risk
- REO, non-performing, sub-performing debt
- Buildings having deferred maintenance, high-vacancy, management issues, recapitalization opportunity, near-term debt maturity necessitating a sale
- Sale-Leaseback transactions
- Corporate divestitures, excess land for development, buildings
- Recapitalization of existing properties
- Portfolio acquisitions, portfolio capitalization
Healthcare Real Estate Services (Quorum Medical Equities LLC)
Our team has extensive transaction experience in healthcare real estate developing medical office buildings, surgery centers, acute care facilities, capitalizing healthcare assets, sale/leasebacks, facilitating 1031 exchanges, physician partnerships, and other transaction structures. This background and experience allows us to understand the potential benefits and transaction options for physician and institutional partners seeking develop or recapitalize their partnerships and/or properties. We share active dialogue with the full spectrum professionals in health care real estate industry including national healthcare systems, privately owned hospital operators, physician partnerships, healthcare REITs, pension funds, insurance companies, real estate owners & developers, and foreign investors.
Site acquisition/assembly
We assist and advise on the development potential of a site, ensuring through due diligence that environmental, geotechnical and municipal requirements are taken into account. We work to determine the feasibility of acquiring a site and the relevant zoning and municipal issues. We determine the proposed project estimated costs and the projects potential to produce an economic return.
Environmental evaluation and coordination
Prior to final site acquisition, and at all points in the process, environmental issues and risks must be assessed and managed. We retain skilled professionals and overlay our own experience to ensure codes are observed and that risks are identified and managed.
Municipal rezoning negotiation and permitting
Well-established relationships with both municipal staff and elected officials in the markets we serve enable us to quickly and effectively understand potential zoning and permitting issues. We undertake rezoning and permitting processes to achieve the best economic results for a project.
Feasibility and financial analysis
This is the cornerstone of the development process. A full understanding of project components, as well as their effect upon each other, is necessary to comprehend cost implications, revenue implications and overall feasibility results. Economic proformas are produced at an early stage and are continually updated to analyze any changes for viability.
Development design coordination
We retain design professionals who bring a top caliber of expertise to the design process. Managing this process, we ensure the development has architectural appeal and is functionally and economically developed to attract tenants and investors.
Hiring and management of consultants
The selection of consultants with a proven track record, with experience of the type of development at hand, and who can work effectively together, is critical to the success of the project. Our experience in managing development projects from start to finish and across all types of real estate comes to the fore in this process.
Construction administration
Construction is often the single largest cost of development, and managing this activity is one of the most challenging and potentially risky activities. Our construction manager is a key part of the process, ensuring that the design team produces complete and value engineered drawings for tender and pricing. Construction contracts are negotiated with the general contractor appropriate to the project. The construction manager monitors progress, quality control, resolves issues, discusses and approves change orders and keeps costs in line with projections.
Accounting and reporting of project costs
Specifically assigned and experienced accounting personnel use specialized software and work hand in hand with our construction managers to track and report costs.
Management of legal requirements
We work with appropriate legal counsel at all stages to ensure the myriad legal documents forming part of each development are properly drawn, executed and enforced as necessary.
