Clinical Investment · clinicalinvestment.com

Own the Real Estate
Your Practice Makes
Valuable.

MOB acquisitions, the Physicians Fund LP, asset management, and property management — institutional-quality medical real estate investment with demographic demand analytics and clinical tenant underwriting behind every decision. The investment partner that understands the clinical drivers of medical real estate value because we work with physicians every day.

Physicians Fund → MOB Acquisitions

Strategy

Value-Add · Programmatic · Development

Assignment-driven, platform-sourced, and opportunistic medical real estate investment

Our Approach →

Structures

GP · LP · Acquisitions · Management

Co-investment, direct acquisitions, and managed portfolios

Returns

Preferred + Equity Upside

Not fixed-income exposure alone

Underwriting

Clinical Intelligence

Demographic analytics + clinical tenant due diligence

Eligibility

Accredited Investors

Investment opportunities for accredited investors only

Investment Strategy

Creating Value Where Others Don’t Know to Look.

Our investment strategy is built around one core belief: the best medical real estate opportunities are found through deep healthcare relationships, not through a brokerage search. Whether we are targeting identified value-add opportunities, executing on off-market deals surfaced through our integrated platform, or originating development through physician assignment — every investment begins with a clinical thesis and a clear path to value creation.

Strategy 01

Value-Add Acquisitions

We target medical office properties with identifiable operational inefficiencies, below-market occupancy, stale lease structures, or deferred capital — where our healthcare expertise and clinical network allow us to execute the business plan that a generalist investor cannot. We know what drives physician tenant decisions, and we use that knowledge to lease up, stabilize, and reposition assets others overlook.

·Below-market occupancy with identified lease-up path

·Legacy leases at below-market rents approaching renewal

·Mismanaged assets where specialized management creates value

·Cap rate compression through improved tenancy and operations

Strategy 02

Programmatic, Platform-Driven Opportunities

The most valuable investment opportunities rarely appear on CoStar. They emerge from physician relationships, practice M&A transactions, health system strategy conversations, and the daily work of our real estate and advisory teams. Rather than chasing one-off deals, we run this as a program — a continuous, repeatable pipeline of proprietary deal flow rather than a search function: physician owner-users ready to sell, practices completing M&A who need a real estate solution, and health systems seeking capital partners for ambulatory expansion. We see these before anyone else does.

·Sale-leaseback opportunities from M&A transactions in process

·Physician owner-users identified through real estate relationships

·Health system outpatient real estate capital partnerships

·Off-market assets surfaced through our clinical network

Strategy 03

Development — Adaptive Reuse & Build-to-Suit

When the right existing asset doesn’t exist, we build it. Our development investments are anchored by physician assignments sourced through our clinical network — every project begins with a committed tenant whose clinical demand validates the site before capital is deployed. We execute through two development formats: adaptive reuse of existing buildings into purpose-built medical facilities, and ground-up build-to-suit for physicians and health systems whose clinical requirements demand it.

·Adaptive reuse: converting underutilized commercial assets to medical use

·Build-to-suit: ground-up development anchored by physician assignment

·Physician co-investment from groundbreaking through stabilization

·Executed through Clinical Development — fully integrated

What Gives Us the Edge

We Know the Tenants Before We Buy the Building

Our tenant relationships through Clinical Real Estate mean we understand physician demand, specialty growth trends, and lease renewal probability at a level that purely financial investors cannot access. We underwrite the clinical business, not just the rent roll.

The Platform Creates Deal Flow No One Else Sees

Advisory M&A transactions, Real Estate tenant relationships, and Development assignments all generate off-market investment opportunities before they reach any open market. Our integrated platform is a proprietary pipeline, not a search function.

We Can Execute What Others Can Only Underwrite

A build-to-suit requires a physician anchor. An adaptive reuse requires a lease-up plan. A value-add MOB requires a leasing team with clinical network access. We have all of it in-house — which means our business plans are executable from day one, not dependent on finding the right partners after closing.

“The best medical real estate opportunities are found through healthcare relationships — not through a brokerage search.”

Value-add acquisitions with identifiable, executable business plans

Off-market deal flow from an integrated clinical and real estate platform

Assignment-driven development — physician anchor before capital committed

Adaptive reuse and build-to-suit through Clinical Development

Clinical underwriting behind every investment decision

Service 01 · Physicians Fund LP

Stop Building Your Landlord’s Wealth.

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Physicians spend years occupying medical real estate and generating the patient volume, referral relationships, and clinical reputation that makes it valuable. The landlord captures the appreciation. The Physicians Fund changes that equation — every investment selected through clinical underwriting and structured for physician-accessible co-investment.

Physicians Fund LP Co-Investment

A structured LP co-investment program giving accredited physician investors access to institutional-quality medical real estate — physician-anchored MOBs, development projects, and value-add acquisitions — with preferred return structures, quarterly distributions, and institutional-grade governance and reporting.

Sale-Leaseback Programs

Convert the equity in your physician-owned building into practice capital while maintaining full operational control through a long-term leaseback. We structure the transaction, identify the optimal buyer through our investor database, and negotiate terms that protect your clinical operations permanently. Retain an LP co-investment interest in the asset if desired.

Development Co-Investment

Every Clinical Development project structures physician co-investment from day one — equity participation at construction cost with preferred return structures and equity upside from construction cost to stabilized market value. Own the building your practice will anchor before ground is broken.

Institutional JV Structures

Larger physician groups and health systems seeking institutional capital partners — joint ventures structured to bring institutional equity alongside physician co-investment, with governance frameworks that protect physician interests throughout the partnership lifecycle.

GP or LP — Whichever the Deal Calls For

On some deals the Fund sponsors and operates as General Partner. On others, it’s purely an LP vehicle, co-investing institutional and physician capital alongside another sponsor. That flexibility means more deals we can participate in, and more paths to the asset and property management mandates that follow.

“Physicians who own the real estate their practices occupy build wealth on two tracks simultaneously — practice income and real estate equity. The Physicians Fund makes institutional-quality ownership accessible.”

Every deal underwritten with clinical intelligence + demographic analytics

Preferred returns with equity upside — not fixed-income exposure

Physician-accessible minimums — not family office thresholds

Sale-leaseback: convert equity to capital without losing operational control

Quarterly reporting, audited financials, direct GP access — full transparency

Every co-investment grows platform AUM — and often becomes an ongoing asset and property management relationship

Visit physiciansfund.com →

Service 02 · MOB Acquisitions

Clinical Underwriting on Every Deal.

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Medical office investment acquisitions for individual and institutional investors — physician-anchored deal flow sourced through our clinical network, with demographic demand analytics and health system intelligence applied to every underwriting decision that generalist investors simply cannot replicate.

Clinical Tenant Underwriting

Practice financial health, specialty demand trends, payer mix exposure, physician succession risk, and referral network durability — clinical due diligence that goes far beyond standard rent roll analysis and identifies occupancy risks that aren’t visible in a lease abstract.

Demographic Demand Modeling

Specialty-specific patient demand by trade area — aging population curves, disease prevalence, physician-to-population ratios, and long-term demand trajectory for every specialty in every target building. Occupancy is a function of clinical demand, and we model it precisely.

Off-Market Deal Flow

The best medical office acquisitions rarely reach CoStar. We source through our physician network, health system relationships, and direct outreach — then validate every opportunity with market data quantifying demand sustainability and long-term value trajectory before capital is committed.

Disposition & 1031 Advisory

When it’s time to sell, we manage the full disposition — competitive buyer process, cap rate analytics, and 1031 exchange advisory connected to Clinical Real Estate for simultaneous replacement property identification across the full medical real estate opportunity set.

Underwriting 01

Demographic Demand Modeling

Specialty-specific patient demand — aging curves, disease prevalence, physician-to-population ratios, and long-term demand trajectory for every specialty in every target market.

Underwriting 02

Clinical Tenant Sustainability

Practice health, specialty demand trends, payer mix, physician succession risk, and referral network durability — clinical due diligence far beyond standard rent roll analysis.

Underwriting 03

Health System Intelligence

Real-time tracking of health system outpatient expansion, ambulatory strategy, and competitive physician alignment — the force most affecting long-term MOB occupancy.

Underwriting 04

Cap Rate & Market Timing

Current cap rate trends, buyer activity monitoring, and market timing intelligence ensuring every acquisition is executed at the right moment in the cycle.

Services 03 & 04 · Asset & Property Management

Protecting and Growing the Value of Every Asset.

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Asset Management · 01

Strategic Leasing Oversight

Active management of lease renewals, tenant expansions, and vacancy absorption — coordinated through Clinical Real Estate with market data and clinical site scoring informing every leasing decision before terms are negotiated.

Asset Management · 02

Capital Planning & CapEx

Long-term capital expenditure planning, deferred maintenance schedules, and clinical infrastructure investment that maximizes occupancy stability and long-term asset value — aligned with your hold period and exit strategy.

Asset Management · 03

Institutional Performance Reporting

Quarterly asset-level reporting: occupancy, NOI, DSCR, lease rollover schedule, clinical tenant health metrics, and market comparables — institutional-grade transparency for every investor and asset owner.

Property Management · 01

Clinical Environment Operations

Maintenance, HVAC, mechanical, and building systems management to the standards required by medical occupancy — not office building standards applied to a clinical environment without understanding the difference.

Property Management · 02

Physician Tenant Relations & Retention

Proactive physician tenant relations — addressing operational needs before they become lease problems. Physician tenant retention is the single most important driver of medical office asset value, and we manage toward it deliberately.

Property Management · 03

Financial Administration

Full-service financial management: rent collection, CAM reconciliations, accounts payable, monthly financials, and owner reporting — integrated with asset management so operational performance is always visible in the context of long-term strategy.

Own the Real Estate
Your Practice Makes
Valuable.

Creating Value Where Others Don’t Know to Look.

Stop Building Your Landlord’s Wealth.

Clinical Underwriting on Every Deal.

Protecting and Growing the Value of Every Asset.

Investment Connected to the Full Clinical Group Platform.

Ready to Own the Real Estate Your Practice Makes Valuable?

Own the Real EstateYour Practice MakesValuable.

Creating Value Where Others Don’t Know to Look.

Stop Building Your Landlord’s Wealth.

Clinical Underwriting on Every Deal.

Protecting and Growing the Value of Every Asset.

Investment Connected to the Full Clinical Group Platform.

Ready to Own the Real Estate Your Practice Makes Valuable?

Own the Real Estate
Your Practice Makes
Valuable.