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Services

The management and leasing of complex, healthcare-focused real estate is what we do at PMB Real Estate Services. The PMB RES team draws upon years of industry experience and relationships allowing us to identify and deliver healthcare real estate solutions for our clients, hospital and university partners.

From day to day property management through accounting and financial reporting, our team of specialized professionals provide the full spectrum of real estate services to meet every need of our owners, tenants, and healthcare partners.

The company is vertically integrated to deliver strategic, as well as, detailed operational services which include leasing, property management, construction management, asset management, and development.

Our Property Managers are the general managers of their portfolios. They are responsible for every element of the property performance. All member of our management teams are uniquely qualified to meet the complex needs of institutional owners of medical office building investments and the unique patient focused needs of our clients and partners.

Our business focuses ONLY on the management of complex healthcare real estate properties.  We began with on medical office buildings at the heart of our practice and from there we drew upon years of experience to expand our concentration to the meet the needs of our healthcare real estate partners on all fronts.

By working closely with the healthcare system or hospital, we devise a strategy that unlocks needed capital, frees executives to focus on core operations, and helps the organization and its stakeholders realize its fullest financial potential.

The PMB RES team can analyze the impact of your real estate decisions from a variety of health care perspectives including: patient services, physician and practice needs, hospital objectives and their long-term facility requirements, property operating performance, and overall financial viability.

Property Management Services offered:

Business Plan and Budget Development

Oversight of All Aspects of Property Performance

Relationships & Retention Strategies

Vendor Contracting and Management

Engineering Services

Regulation Compliance

Regular Inspections and Preventative Maintenance Plans

Tenant Insurance Administration

All Accounting, Financial Planning and Analysis is handled by the Accounting and Finance Team at PMB RES. These functions are carried out at the corporate headquarters in San Diego, CA.

The accounting team performs a full close each month resulting in a reconciliation of all accounts followed by a multi-level review. The monthly close cycle is calendar-driven, efficient and consistent, resulting in timely reporting of financial results.

Monthly financial reports are delivered, without exception, according to deadlines as defined in the management agreements. For the investors who require additional analysis and forecasting, the monthly operating statements are further analyzed and summarized in an asset management package. Cash distributions to investors are calculated and paid on a monthly basis or as the management agreement dictates.

The Financial Planning and Analysis Team provides budgeting, forecasting and analysis for all properties under management. In addition to financial analysis and modeling, this team, in conjunction with the Leasing and Marketing Team, is responsible for lease pricing guidelines, market analysis and trends, and initial property tax assessment support.

Full operational oversight

Strategic planning & analysis

Investment strategies

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Quarterly executive summariess

Financial accounting reports

Systematic reforecasting

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Property management supervision

NOI, FFO & FAD analysis

Cash flow analysis & financial modeling

Due diligence

PMB Real Estate Services offers comprehensive leasing and marketing support for our clients’ business needs. For the range of needs from a physician in need of representation to a building owner in need of lease-up, PMB RES is equipped to provide a market-focused approach customized to our client and tenant needs.

With more than 30 years of Medical Office Building expertise, PMB RES has a specialized approach to building and improving physician and hospital relationships. The average occupancy rate on fully completed buildings is 90%, and the renewal rate is in excess of 86%. Leasing & Marketing Services Provided:

Creation of Marketing strategy

Annual Marketing Plans

Creation and Administration of Marketing Programs

Quarterly Pricing and Market Updates

Complete Lease Administration

Management of All Leasing Activities

Monthly Leasing Updates

Leasing Plans and Management

Third Party Broker Management

Market Studies and Pricing

The PMB RES team has the capabilities to manage all facets of construction management from project management on new facility development to simple tenant improvements. Our team will manage the projects from beginning to end. We will review and manage the permit process and construction plans, bid the projects to a minimum of three vendors for each trade, and engage the appropriate vendors in accordance with ownership guidelines.

All projects are coordinated and tracked by our construction management team and the local property management personnel for consistency in product delivery. Construction and Project Management Services include:

Capital Planning

Tenant Improvements / Construction Management

Building Commissioning

Vendor management

Vendor insurance compliance

Third party oversight, validating constructability, budget estimates, schedule adherence, contract bid

Analysis and award, schedule adherence

Payment management, including review and approval

Owner representation addressing contract administration, craft and tenant coordination

Conflict resolution