Categories News

Latest news from the team at QuantumCRE.


QuantumCRE Sponsors CCIM Course Concepts Review

The QuantumCRE Northside office is sponsoring the Commercial Real Estate Course Concepts Review for the Certified Commercial Investment Member (CCIM) Georgia Chapter. This course will help prepare CCIM members for the comprehensive exam. QCRE Associate, Richard Smith, Jr., will be teaching the User Decisions (leasing) module during the course. The course is for four weeks and students meet weekly on Tuesdays from 8:30-10:30am. Listed below are details on the course modules, dates, instructors, and location. 

Module                                                  Date                                      Instructor

Module 1 – Financial Analysis                         September 19th                             Syrah Paul

Module 2 – Investor Decisions                        September 26th                             Liza Littrell

Module 3 – User Decisions (leasing)              October 3rd                                    Richard Smith, Jr.

Module 4 – Market Analysis                            October 10th                                  Patty McGill

Location
Quantum Commercial Real Estate
Northside Tower, Suite 200
6065 Roswell Road
Atlanta, GA 30328
Office:  770-462-2002
Richard Smith, Jr.  Cell: 404-789-8788

Course meetings will be held in the Northside Tower Conference Room, 5th Floor, Suite 535
(exit elevator, turn left down end of hallway, conference room is on the left)

This course review is excellent preparation for the CCIM Final Exam. 

 

 


Scott Markham joins QuantumCRE North-Perimeter Atlanta Brokerage Office

Scott Markham QCRE Research Associate

Quantum Commercial Real Estate welcomes Scott Markham to the Quantum Team. Scott joins Richard Smith, Jr. in the QuantumCRE North Perimeter-Atlanta brokerage office. Scott has a strong background in sales and customer service and he is currently pursuing his real estate license. In his role as Research Associate, Scott will provide research support and assist with communications and building client relationships. Scott is a native of Atlanta and a recent graduate from the University of Mississippi where he received his Bachelor of Business Administration degree in Marketing. When not working to find ideal properties for clients, he enjoys supporting his Ole Miss Rebels, Manchester United FC, and expanding his interest in automobiles. 

For more information, contact Scott at 770-462-2002 or by email.


QCRE Sponsors CCIM Commercial Real Estate Prep Course

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QCRE is sponsoring a Commercial Real Estate Prep Course for the Certified Commercial Investment Member (CCIM) Georgia Chapter. This course will help prepare members for the CCIM comprehensive exam. The prep course will be held on the dates below at the QCRE Northside Office. QCRE Associate, Richard Smith, Jr., will be teaching the Buy vs. Lease module during the course. 

Dates and Time:
Tuesday, September 20th, 8:30am-10:30am
Tuesday, October 4th, 8:30am-10:30am
Tuesday, October 11th, 8:30am-10:30am
Tuesday, October 18th, 8:30am-10:30am

Location:
Quantum Commercial Real Estate
Northside Tower, Suite 200
6065 Roswell Road
Atlanta, GA 30328
770-462-2002 (Office)

Cost:  Free for Georgia CCIM members

Registration is required to attend and is open to CCIM chapter members only. September 16th is the last day for registration. The course is a study group format consisting of four modules matching the four core courses. Each module is to be completed before class (reading and homework) including the first session on September 20th.

Register Now for the Prep Course 

Join the Georgia CCIM Chapter

The next CCIM exam in Atlanta, Georgia will be held on October 26th. This is a great opportunity to attend a study group in preparation for the exam. 

 

 


Piedmont Fayette Hospital named as one of Top 50 best in U.S.

Piedmont Fayette Hospital

Quantum Commercial Real Estate would like to congratulate Piedmont Fayette Hospital on this well-deserved recognition of achievement.

 

Piedmont Fayette Hospital named as one of Top 50 best in U.S.

The results are in, and Piedmont Fayette is one of the country’s 50 best hospitals, according to Healthgrades America in a press announcement released April 25.

The distinction makes Piedmont Fayette one of the top 1 percent of more than 4,500 hospitals nationwide for its consistent, year-over-year, superior clinical performance as measured by Healthgrades, the leading online resource for comprehensive information about physicians and hospitals.

“As one of the busiest hospitals in south metro Atlanta, this distinction is a very important recognition of our physicians, nurses, staff members and volunteers who consistently provide high-quality and compassionate care to our patients during a time of continual growth and space constraints,” said Piedmont Fayette CEO Michael Burnett.

Healthgrades America uses a number of statistical areas to award hospitals. For instance, from 2012 through 2014, Healthgrades America’s 50 Best Hospitals Award recipients, as a group, had a 24.4 percent lower risk adjusted mortality rate across 19 procedures and conditions where in-hospital mortality was the clinical outcome, compared to all other hospitals. Patients treated at a hospital that has achieved the America’s 50 Best Hospitals Award had, on average, a 22.1 percent lower risk of dying during their hospital stay for stroke than if treated at a hospital that did not receive the award.

In addition to earning this distinction, Piedmont Fayette has also been recognized by Healthgrades for Distinguished Hospital Award for Clinical Excellence (2014-2016), Women’s Health Excellence Award (2013-2015), America’s 100 Best Hospitals for Critical Care Award (2015-2016), Stroke Care Excellence Award (2014-2016), Joint Replacement Excellence Award (2014-2015), Pulmonary Care Excellence Award (2014-2015), and Gastrointestinal Care Excellence Award (2014).

“These achievements are proof of what we have known for a long time; that Piedmont Fayette is one of the best hospitals in the country,” Burnett said. “We work hard every day to provide the best care possible and to be a hospital where our employees are proud to work. Burnett adds, “It’s an honor to work with such an extraordinary team. The best is yet to come as we look forward to the completion of our expansion project, which will greatly reduce our current space challenges and enable us to provide our patients with an even better experience.”

To learn more about how Healthgrades determines America’s 50 Best Hospitals Award recipients, visit www.healthgrades.com/quality. For more information about Piedmont Fayette Hospital, visit piedmont.org.

Source:  Piedmont Fayette Hospital named as one of Top 50 best in U.S. | The Citizen | Fayetteville, GA

 

 


QCRE Opening North Atlanta Metro Office October 1st

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Quantum Commercial Real Estate (QCRE) is proud to announce the opening of their North Atlanta Metro office on October 1, 2015. QCRE was founded in 2008 and has been operating in the Metro Atlanta area for 7 years out of their Peachtree City brokerage office. The North Atlanta Metro office located at Northside Tower, Suite 200, 6065 Roswell Road, Atlanta, GA 30328 will be their second brokerage office and will be led by Richard Smith, Jr., Associate for Healthcare and Office Properties with QCRE. With expertise in brokerage, investment, management, and development, this expansion for QCRE will increase their exposure to healthcare and office projects in the North Atlanta Metro market. With this endeavor, QCRE is expanding its presence and looking forward to working with tenants, landlords, investors and other brokers in the area.

Reach out to Richard Smith at (404) 789-8788 for more information.


Osmose opens New Headquarters in Peachtree City, GA

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The teams of Quantum Commercial Real Estate (QCRE), Parkside Development Group, Parkside Management Group, and South-Tree Enterprises, Inc. worked with Osmose Utilities Services, Inc. to open a new headquarters in Peachtree City, GA. Located at 635 Highway 74 in Peachtree City, Osmose Utilities Services, Inc., one of several Osmose companies, provides inspection, maintenance and rehabilitation services for electric utilities and telecommunication companies. With 80 years of experience, Osmose has a strong foundation and we are pleased to have them call Peachtree City and Fayette County home. A recent tour of the two-story 40,000 SF office building illustrated an open, collaborative environment and technological expertise with displays of technical devices and enhancements implemented over the years. 


Leasing Medical Office Space

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From assessing medical office locations to understanding the physician pain points in the lease process, the complexity of the healthcare real estate industry can be challenging to navigate. Establishing a relationship with a healthcare real estate advisor is essential to gaining market insights, awareness of current trends, and knowledge in the evolving real estate industry. Working with a healthcare real estate expert is the first step in making the right decisions.

Location Specifics

There are two general types of medical office building locations: Those that are located on-campus (or near-campus) and off-campus of a hospital. The on-campus buildings have traditionally been owned and operated by the hospital.  Although there are many ownership variations, recent trends have been for hospitals to monetize the value of these buildings while maintaining ownership in the land and partial control of tenancy. An on-campus medical office building and/or one affiliated with a hospital will have the strategic goal of promoting the hospital’s mission, and negotiating a lease will be complicated by the hospital’s ground lease and regulatory environment. The off-campus buildings are usually owned and operated by non-hospital affiliated entities, including physicians, private developers, syndications and real estate investment trusts. The ownership goal is to maximize rents through quality management and maintaining the proper mix of physicians –generalists and specialists.

With changes in healthcare services and the shift in medical care from an inpatient to an outpatient focus, many physicians are relocating and/or expanding their practices in locations other than on-campus or near-campus medical buildings. Growth in the off-campus sector is fueled by consumer demand as on-campus physicians seek to expand their practices and referral networks by relocating to growing suburban areas and along growth corridors where people work, live, shop and play.

The location of the physician’s practice is crucial to attracting patients. Good alternatives will be based on demographics that indicate underserved prospective patients within a reasonable travel time, traffic ingress/egress, parking ratios, signage, elevator and building mechanicals which are important to most office space users and are also important to the medical office building tenant. Awareness of specific building issues for each medical specialty often relate to the physical condition of the patients and will contribute to the real estate decision-making process.

Primary care physicians often refer patients to medical specialists for complicated ailments such as heart disease and cancer. It is a benefit to the primary care physician to have different specialties located in the same building. Most physicians also benefit by having service providers such as pharmacy, X-ray, imaging and laboratory on site as well. A complimentary tenant mix, just like in a retail center, is important to the success of the physicians in the medical office building. Quality tenants for a medical office building will often produce an enhanced property referral matrix, a longer term lease with good credit, and a growing patient base.

Physician Pain Points in Evaluating Medical Office Space

The typical physician practice operates as a small business in the form of a sole proprietorship, partnership or limited liability corporation. As a result, they focus their resources, time, and capital on the areas that provide the highest benefit to patient care and ongoing business concerns—profit. The medical leasing professional acknowledges this and demonstrates through market knowledge and specialized health care experience how specific locations will help build the doctor’s practice. Concerns lie in increasing patient visits and increasing the amount of time to see patients while receiving a fair market rental rate based on competitive buildings, amenities and services.

As small business operators, physicians are price sensitive. Comprehensive market studies and specific knowledge of lease terms, conditions and concessions of competing buildings is critical. Negotiations based on comparables in light of specific amenities, tenant mix and property attributes will insure rent expectations are met.

Connecting with a Healthcare Real Estate Advisor

To provide the best healthcare real estate tenant services, the leasing representative must have complete and ongoing knowledge of the medical office market(s), and knowledge of local hospital specialties, physicians, doctor networks, healthcare agencies and medical service providers who are growing and expanding.

Quantum Commercial Real Estate (QCRE) is a full service commercial real estate firm offering Brokerage, Investment, and Management services. With years of experience in healthcare real estate related transactions and locations in North and South Atlanta, QCRE is ready to serve you in the Metro Atlanta area and beyond. For more information and to discuss your needs with a Quantum Commercial Real Estate Representative contact 770-486-8200 or visit QuantumCRE.com.

 

Paul Schwinne, CCIM – Broker

David A. Strickland – Associate Broker

Richard Smith, Jr., CCIM – Associate, Healthcare and Office Properties, Contributing Writer

Download PDF of Blog – Leasing Medical Office Space

 


Richard Smith, Jr., CCIM Joins the Quantum Team

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Quantum Commercial Real Estate welcomes Richard Smith, Jr., CCIM to the Quantum Team. Richard is leading the opening of the Quantum North Perimeter-Atlanta brokerage office. Building on the groups Southside established presence of leasing, sales, investments, development, and property management, Richard will continue to concentrate on office and healthcare tenant and landlord relations. Prior to joining QCRE, Richard was a Senior Vice President with Cone Middour Partners (CMP) overseeing the Healthcare Real Estate Advisory Group. Richard has also held positions with Richard Bowers & Company. He headed up the Medical Office Division for Richard Bowers & Company and was Vice President of the Southeast Region for RBCo’s TCN Worldwide Healthcare Real Estate Advisors Group. In addition to tenant representation, Richard has been on the leasing and marketing team for numerous medical office buildings in the eastern region. For more information, contact Richard at 770-486-8200 or by email.


Touring the Future Skyline of Central Perimeter

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David A. Strickland, Associate Broker with Quantum Commercial Real Estate, attended a panel discussion and bus tour highlighting the The Future Skyline of Central Perimeter in Atlanta. This event was a Commercial Real Estate Continuing Education program hosted by the Young Council of REALTORS® and CREW Atlanta. Ten locations were featured during the tour and it was a valuable opportunity to see and learn about the latest developments in the Perimeter area. Some of the office properties on the tour included:  Abernathy 400, Concourse Expansion, High Street, Perimeter Summit, and State Farm.