BUILDING YOUR REAL ESTATE TEAM
Renovating your current space, Relocating, or opening a new medical office is a major business decision that requires a strong team of professionals. Partnering with the right real estate broker, attorney, lender, and architect ensures a smooth and successful transition.
The Role Of A Real Estate Agent
Having a broker specializing in healthcare real estate helps providers find the right location, negotiate the best terms, and secure valuable concessions. At RMI we go one step further to offer insight into market conditions, analyze patient demographics and service line demand, and evaluate lease vs. purchase options—ensuring providers make informed, strategic decisions.
The Role Of An Attorney
A real estate attorney plays a crucial role in protecting a provider’s long-term interests in lease or purchase contracts. They review legal terms, ensure compliance with regulations such as Stark Law and Anti-Kickback statutes, and mitigate potential risks. By working alongside a healthcare real estate broker, they help structure agreements that align with legal requirements while securing the most favorable terms for the provider.
The Role Of A Lender
Real estate projects can require financing for medical build-outs, equipment, and operational costs. A lender specializing in healthcare can offer tailored loan structures and competitive rates that align with the unique needs of medical practices. Real estate brokers work closely with the lender to ensure lease or purchase terms align with financing requirements, creating a seamless and strategic approach to securing the best possible terms.
The Role Of An Architect
A healthcare-focused architect designs an efficient office layout that enhances patient flow, compliance, and operational efficiency. They collaborate with the real estate agent, lender, and contractor to ensure the space meets both functional and financial objectives. Additionally, they help assess whether a space or building can adequately support the unique needs of a medical tenant, ensuring the infrastructure, including power and utilities, aligns with the demands of medical equipment and operations.Building the right team is crucial for a successful healthcare real estate project. A real estate broker, attorney, lender, and architect each play a key role in securing the best location, negotiating favorable terms, and ensuring a well-designed, financially sound practice. Engaging experienced professionals is essential for long-term success.