Landlords
Our Building & Property Management Services
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Leasing
Tenant Selection | Preparing of Leases | Tenant Retention
We’re active in the medical office leasing market, regularly completing over 300 lease transactions per annum. We have first-hand knowledge of the financial opportunities that medical service tenants derive from being situated in a medical building and work to ensure landlord and tenant satisfaction. This enables our clients to negotiate leases from a position of knowledge.
Property Management
- The medical field is experiencing enormous pressure on its businesses. While many of these issues cannot be solved by doctors, real and measurable savings can be attained by turning over the daily management of their medical building to a medical office building specialist.
- PAR-Med relieves the doctor of the day to day burden of property management allowing the doctors to focus on their real business – the practice of medicine. Our professional approach to the wellness of your building only enhances the property value and adds value to tenant services. Dedicated property management allows the doctors to focus on their practice and leave the worry of caring for the building to the professionals.
- PAR-Med property managers are in frequent contact with the building owners, providing them with the pertinent details of the operations of their building, all the while ensuring that the building owners are getting a high level of performance from the building's service providers
Investment Management
The problem
As an investor or institution, having a medical building in your portfolio can present unusual challenges which are specific to this asset class.
Medical office buildings require unusually high levels of regular maintenance. Tenants are demanding and do not tolerate downtime as their patients cannot be turned away. Furthermore, ever changing industry trends and government rules can have a significant impact on various tenants in a medical building which in turn can adversely affect a building’s cashflow.
We are the solution
Other property management companies are unlikely to effectively understand the various nuances of medical buildings and the tenant make-up. With its in-depth knowledge of the healthcare market, PAR-Med is aware of the dynamic of this industry and can help investors achieve and maintain the desired financial results on their medical building investments.
Financial Reporting
Comparative Analysis
As part of PAR-Med’s strategy to achieve and maintain high occupancy levels at optimum rates, comparative market surveys of medical buildings are undertaken so that our clients can make leasing and other financial decisions with an awareness of the marketplace.
PAR-Med has invested in state of the art financial reporting software which allows for timely and accurate reporting of monthly financial statements which can be tailored to fit the clients’ requirements. These statements, along with the budget against which the building performance is measured, provides our clients a clear view of the financial and health status of their property.
Asset Management
Asset management is the management of the strategic direction of real estate to achieve superior economic returns in both income and value.
Like any other asset in a portfolio, medical office buildings must be properly managed to maximize return on investment. Par-Med services several financial institutions by providing reliable and sound asset management geared to protect and enhance an asset’s value.
The main services of PAR-Med Asset Management can be defined as follows:
- Expense audits for buildings, which includes a comparison with operating costs for similar medical buildings. This enables identification of those areas with the greatest potential for cost savings. Our familiarity with medical buildings enables us to successfully implement solutions that have been tried and proven in other properties.
- Examination of various long-term capital investment alternatives. Evaluation of each alternative as to its impact on the long-term income stream and asset value of the property.
- Review of ownership structure of share corporations that own real estate and suggest way to increase liquidity of ownership and retirement strategies for physician owners.
- Advise on sources of income other than physician or service tenants, such as advertising, paid parking, etc.
- Review mortgage financing and advise on and arrange refinancing of properties.
- Assess tenancy mix of a property and suggest ways to improve it.
- Review property management systems and reporting.
Design Services
Suite Design & Build-Out
It’s not enough anymore just to hang your degree on the wall. A warm and supportive working environment creates a good atmosphere for both medical staff and patients. PAR-Med Design specializes in providing cost effective and innovative design solutions for medical office interiors. From design proposals, renderings and technical drawings, through to project tendering, construction contracts and project management, the team at PAR-Med Design has the experience to deliver healthcare environments that work.
PAR-Med Design is a team of highly qualified design professionals with many years of collective experience in developing custom-designed medical and corporate office interiors. PAR-Med Design provides cost effective, innovative and timely design solutions to meet our clients’ needs and challenges. PAR-Med Design has recognized the need for cost effective and qualified design consultants. We have focused our efforts to create innovative and efficient problem solutions for designing environments that work.
Real Estate Services
Leasing, Acquisitions, Building Sales, Marketing, MLS Affiliation
- PAR-Med’s landlord tenant services include thorough and careful tenant selection in Toronto. We understand the importance of finding a good tenant who will love your property as much as you do, which is why we use a thorough tenant screening process to assess each candidate.
- Landlords can count on us to find reliable and trustworthy renters. We will help you get the A+ tenant you deserve and will take care of all tenant relations on your behalf.
- Landlords trust in PAR-Med to ensure that reliable and trustworthy Tenants are secured for their premises. Our Tenant selection process is thorough and effective
Are you interested in Property Management?
Let us know more about your property and how we can assist in the property management aspect of it.
