The Summit Smith development team, with specialized experience in financing, real estate and healthcare, is responsible for accurately defining project objectives and issues.  The Summit Smith development professionals are also responsible for:

• Preparing feasibility assessments

• Preparing detailed development timetables

• Identifying and evaluating specific site alternatives

• Summarizing zoning requirements

• Site selection and acquisition

• Serving as an intermediary buyer for selected sites

• Identifying environmental issues related to the site

• Translating the findings of strategic plans and market assessments into anticipated demand for clinical, ambulatory and acute care services and other healthcare programs

• Creating a list of targeted physicians / group practices

• Assessing the demand for medical office space

• Performing market studies

• Determining project capital costs and operating expenses

• Preparing financial forecasts for the facility

• Comparing ownership alternatives and recommending a preferred ownership structure

• Preparing ownership and rental documents

• Identifying potential lenders and arranging project equity and debt financing

• Obtaining state, local and healthcare approvals

• Preparing competing building surveys – Identifying prevailing market rental rates and terms & conditions

• Managing building & site design

• Determination of a guaranteed price to complete development, design & construction

• Calculating guaranteed rental rates

• Project management throughout the duration of the project

• Leasing space to physicians and other healthcare tenants

• Closing financing

• Project commissioning & Move-in coordination

• Transitioning to property management