estate decision 18 months ahead of its
lease expiration to ensure it has the
most leverage in terms of negotiation or
time to complete a development if that
path is chosen.
REAL ESTATE
Exclusively Healthcare
If it’s determined that a new
development is the best solution for a
client, Davis provides comprehensive
healthcare development services:
• Site selection and acquisition.
• Pre-development budget preparation.
• Financial analysis.
Davis Real Estate is the only real
estate firm in Minnesota that focuses
exclusively on healthcare providers.
For over 30 years, Davis has provided a
greater range of services and completed
more negotiations than any other
healthcare real estate firm in the market.
Davis has deep experience in every
healthcare real estate sector including
brokerage, development, consulting,
sales and acquisitions, and property
management.
Davis’ many Northeast Metro area real
estate projects include: Vadnais Heights’
Helene Houle Medical Center, Midwest
ENT and HealthEast Clinic; Maplewood’s
HealthEast Clinic & Specialty Center;
Woodbury’s CityPlace Medical; and Lake
Elmo’s Eagle Point Medical.
Unlike a development company that is
only interested in building clinics, Davis
starts with no pre-conceived outcomes
and work with its clients to find the best
outcome, whether it be a lease renewal,
relocation to an alternative building in
the same market or new market, or a
new development.
The company’s recommended process
includes several steps:
1. Defining a business strategy platform
… Critical elements to consider for
medical practices include: Provider
practice patterns (i.e. multiple sites);
practice capacity; patient origin/travel
patterns; market demographics; and
competitor activity.
2. Identifying current and projected
(three years out) space needs.
3. Identifying and evaluating real estate
options in the target market areas …
Ideally, the client will have a real
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Northeast Metro Business
• Architectural and contractor selection.
Photo courtesy of Midwest ENT, Vadnais Heights
• Vendor contract negotiation.
• Financing.
• Governmental approvals.
Davis Real Estate Principle Mark
Davis says, “We understand all
aspects of the healthcare real
estate business. That allows us
to be really valuable in solving
problems, be creative and drive
value for our clients. Some
competitors are developers. Some
are brokers. Others are investors
or owners. We’re all of those
things, so we bring those aspects
to bear when we negotiate
transactions — either for our
clients or ourselves. That makes
our clients, and us, successful.”
Once a development is completed,
Davis’ clients have the opportunity to
maintain partial or full ownership of
the building if they would like. The
company’s property management
services ensure facilities are properly
maintained so healthcare professionals
can deliver the top level of care.
Photo courtesy of Midwest ENT, Vadnais Heights
HealthEast Clinic & Specialty Center, Maplewood; photo
courtesy of Davis Real Estate
Davis, based in Minneapolis, expanded
beyond Minnesota to share its expertise
in areas where best-in-class focused
healthcare real estate service was not
available. The company develops
projects, and manages or owns medical
office buildings in several other states:
Iowa, Illinois, Michigan, North Dakota,
Nebraska, Washington, Arizona and
Idaho.
davishre.com
Photo courtesy of Allina Health Helene Houle Medical
Center, Vadnais Heights