Our Portfolio Services
Real Estate Portfolio: Mergers, Acquisitions and Bankruptcy
| OUR CLIENT | Healthcare system operating in four New York City boroughs requiring real estate support services. |
| OUR GOAL | To provide real estate portfolio management including, but not limited to, bankruptcy court abstracts, lease-rejection forecasts, calculations for landlord damages, court support documentation, and real estate closing support services. |
| OUR RESULT | Provided corporate real estate support services over a two-year period including closing support services, clearing of violations, documentation for post-closing escrow accounts, and attendance at a four-day closing for closings totaling over $250 M. |
Real Estate Site Administration
| OUR CLIENT | Staten Island hospital system closing a 14-building hospital campus while vacating over a three-year period. |
| OUR GOAL | To manage on-site operations for 180,000 SF of medical tenancies including clinic operations, a school of nursing, a dental clinic, and a psychiatric hospital. |
| OUR RESULT | Managed site operations for a two-year period including the management of a $10M budget, creation of updated operating policies and procedures, and administration of the operation of complicated mechanical and electrical systems. |
Real Estate Development
| OUR CLIENT | Staten Island healthcare company requiring subdivision and extensive site plan and utility easement strategies necessary to maximize the sale potential of a 24-acre medical campus. |
| OUR GOAL | To provide development and support services necessary to coordinate land use planners, zoning counsel, surveys, tax lot and zoning lot subdivision applications, and environmental studies. |
| OUR RESULT | Coordinated the subdivision of the campus into four parcels and managed the sale of strategically designed tax lots to purchasers with varying healthcare and community missions and varying site requirements. Worked with senior corporate managers to maximize income, assisting in the creation of a $25M+ revenue potential from a lump sale value of $7M. |
Healthcare Compliance Services
| OUR CLIENT | Manhattan hospital requires "readiness" audit in preparation for regulatory surveys. |
| OUR GOAL | To provide the coordination of environment of care, emergency management, and life safety audit services. |
| OUR RESULT | Provided revision to, and re-drafting of policies and procedures, provided on-site support services to senior facilities management, and assisted in a nine (9) month readiness initiative resulting in a Joint Commission survey with no negative findings. |
Healthcare Emergency Preparedness Services
| OUR CLIENT | Manhattan Hospital requiring Emergency Preparedness support services during transitional management period. |
| OUR GOAL | To audit procedures relative to new regulations and emerging guidelines and to provide guidance and direction in both procedural and operational challenges. |
| OUR RESULT | Successful coordination of the implementation of an Emergency Operations Plan incorporating the Hospital Incident Command System in conjunction with compliance with the National Incident Management System. |
Real Estate Sales, Transaction Support, and Relocation Services
| OUR CLIENT | World Trade Center disaster services requiring relocation of clinic office in lower Manhattan. |
| OUR GOAL | To contact brokers and short-list sites supporting the client’s transportation needs, parking requirements, and office space demands in an effort to find the most cost-effective and operationally suitable site. |
| OUR RESULT | Provided recommendations for relocation and served as owner's representative completing negotiation of rents, submission of board approval documents, review of lease documents, and coordination of the relocation of staff and the closure of the previous site operations. |
Project Management & Development Services
| OUR CLIENT | New Jersey hospital requiring real estate-support services to assist in board decision process relative to development opportunities. |
| OUR GOAL | To provide support documentation to assist the client's board in determination of the highest and best use of several medical office buildings and to provide support services necessary to explore development rights for a city hospital. |
| OUR RESULT | Coordinated board presentation site plans and property development pro-formas necessary to bring the board to a development decision. |
Crisis Management: Claims Management, Inspection Readiness, On-site Support
| OUR CLIENT | New York City hospital requiring crisis-support services in an effort to deal with a disaster without burdening senior management's day-to-day initiatives. |
| OUR GOAL | To provide insurance claim support services to enable client to track costs associated with the substantial damages created during two emergencies. |
| OUR RESULT | Provided tracking systems and scanning services necessary to provide support for a $500,000 flood claim and a $12M+ elevator fire claim, including relocation support services for 50 employees. |
Grant Management Services
| OUR CLIENT | Hudson Valley hospital requiring financial support services, contracting oversight, legal coordination and project budgeting for a $19 M Department of Health construction grant. |
| OUR GOAL | To reconcile grant budget projections to current cost implications, to note variances timely for corrective measures and value engineering and to introduce accounting protocols to support Department of Health reporting requirements. |
| OUR RESULT | Provided project audit and project reporting mechanisms, providing finance, construction and equipment reporting, instituted cost codes in support of Certificate of Need Certified Costs reporting, provided negotiation support for construction manager and three architectural contracts. |