Physicians Fund · physiciansfund.com

You Built the Value.
Own a Share
of It.

Physicians spend careers occupying medical real estate, generating the patient volume and clinical reputation that makes it valuable — while the landlord captures the appreciation. The Physicians Fund changes that. Co-investment, sale-leaseback, and development equity for accredited physician investors — alongside institutional and other LP capital investing in the same assignment-driven pipeline — with preferred returns, institutional governance, and clinical underwriting on every deal.

Learn About Co-Investment → Sale-Leaseback
Structures
LP · Sale-Leaseback · Dev Equity
Multiple paths to physician real estate ownership
Risk / Return
Value-Add & Core-Plus
Not fixed-income exposure alone
Governance
Institutional-Grade
Quarterly reporting, audited financials, direct GP access
Investors
Physicians & Institutional LPs
Accredited physicians, institutions, and other LP capital
The Investment Case

Why Physician Real Estate Is the Asset Class You Already Know.

Physicians understand the clinical drivers of medical real estate demand better than any institutional investor — because they generate it every day. You know which locations support a practice, which tenants are durable, and which markets are growing. The Physicians Fund converts that clinical intelligence into investment returns.

Demand Driven by Demographics You Understand
Aging population curves. Disease prevalence. Physician-to-population ratios. You live inside the demand drivers for medical real estate every day. The Physicians Fund applies institutional-quality analytics to what physicians already understand intuitively.
Physician Tenants Are the Most Durable in Commercial Real Estate
Patient relationships, referral networks, health system affiliations, and licensing requirements create switching costs that no other commercial tenant category can match. Physician-occupied MOBs have the occupancy durability that institutional investors specifically seek — and that the Physicians Fund specifically targets.
Your Practice Creates Value. You Should Capture Some of It.
The physician occupying a building is the single most important determinant of its value. Your patient volume, your referral relationships, your clinical reputation — these are what makes the asset worth what it is. Co-investment and sale-leaseback let you capture a share of the value your presence generates.
“The physician who understands why their office building is worth what it is — and invests accordingly — builds wealth on two tracks simultaneously.”
Every deal underwritten with clinical intelligence + demographic analytics
Preferred returns with equity upside — not fixed-income exposure
Physician-accessible minimums — not family office thresholds
Quarterly distributions, audited financials, direct GP access
Part of the Clinical Group platform — the same data layer behind every service
Structure 01 · LP Co-Investment

Institutional-Quality Medical Real Estate. Physician-Accessible.

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LP interests in a diversified portfolio of physician-anchored MOBs, ASCs, and medical campuses — preferred return with equity upside, quarterly distributions, institutional governance and reporting, and clinical underwriting applied to every asset in the portfolio.

Co-Investment · 01
Physicians Fund LP — Core Vehicle
Diversified portfolio of physician-anchored MOBs and medical campuses. Preferred return structure with equity upside. Quarterly distributions, audited financials, and direct general partner access on every portfolio investment.
Co-Investment · 02
Sale-Leaseback Co-Investment
Physician owner-users completing sale-leaseback transactions may co-invest as LP — maintaining a financial interest in the building they continue to occupy while converting equity to practice capital. Own it, sell it, lease it back, stay invested.
Co-Investment · 03
Development Equity
Co-investment in Clinical Development projects at construction cost — equity participation from groundbreaking through stabilization, with preferred return during construction and upside from cost basis to stabilized market value at refinancing.
Structure 02 · Sale-Leaseback

Convert Your Building Equity Into Practice Capital.

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The Transaction Structure
We identify the optimal institutional buyer through our investor database, negotiate leaseback terms that protect your clinical operations — including term, renewal options, permitted use, and TI rights — and manage closing. Your practice continues without interruption. The equity converts to capital.
Leaseback Terms That Protect You
Terms negotiated with long-term clinical operations in mind: below-market initial rent, capped escalations, generous renewal options at set rates, and protected permitted use broad enough to accommodate practice evolution. Not the minimum protections a buyer will accept.
Retain a Co-Investment Interest
Physicians completing a sale-leaseback through the Physicians Fund have the option to maintain an LP interest in the transaction — staying invested in the asset you continue to occupy as tenant, with preferred return distributions and upside participation alongside the institutional buyer.
Reinvestment Coordination
Post-transaction proceeds coordinated with Clinical Investment for reinvestment — whether into the Physicians Fund LP, a 1031 replacement property via Clinical Real Estate, or a diversified portfolio structured for your specific tax and wealth management objectives.
“A sale-leaseback isn’t giving up your building. It’s unlocking the equity your practice created — and deploying it where it generates returns beyond a single illiquid asset.”
Full equity conversion with zero clinical operational disruption
Below-market leaseback rates negotiated for long-term physician operations
Option to retain LP co-investment interest in the transaction asset
Proceeds coordinated for immediate reinvestment
Connected to Clinical Real Estate for simultaneous disposition management
Structure 03 · Development Equity

Own the Building Before It’s Built.

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Every Clinical Development project — structured as a single-asset SPE or joint venture, and sourced through Development’s programmatic, assignment-driven pipeline — is built for physician co-investment from day one. Equity participation at construction cost basis, with preferred returns during construction and equity upside from cost to stabilized market value. Physicians who’ll occupy the space co-invest alongside institutional and other LP capital in the same deal, targeting value-add returns during lease-up with core-plus risk once stabilized.

SPEs, Joint Ventures & Programmatic Pipeline
Each project sits in its own single-purpose entity or joint venture, sourced through Clinical Development’s programmatic pipeline — a continuous, repeatable source of assignment-driven deal flow, not one-off opportunities.
Clinical Assignment Anchors Every Project
Every Clinical Development project begins with a physician anchor — a committed clinical tenant whose specialty demand, demographics, and market position validate the project before capital is committed. You understand the clinical demand before you invest financially.
Value-Add During Lease-Up, Core-Plus at Stabilization
Development co-investors receive preferred return distributions during construction and lease-up — the value-add phase — with the asset settling into core-plus risk once stabilized, ahead of developer promote.
Physicians Alongside Institutional & Other LP Capital
Physicians Fund LPs — physicians who occupy the space, institutions, and other LP investors — participate across a diversified portfolio of Clinical Development projects, with the same clinical underwriting discipline applied to every one.
Part of the Clinical Group Platform

The Physicians Fund is the investment vehicle spanning Clinical Investment and Clinical Development — the two companies that source, build, and capitalize every project in this pipeline — part of the fully integrated Clinical Group platform for physicians, medical groups, hospitals, and investors.

Clinical Investment → Clinical Development → The Clinical Group →
Start the Conversation

Ready to Start Building Wealth on a Second Track?

Tell us your current real estate position, investment objectives, and timeline — we’ll show you which Physicians Fund structure creates the most value for your situation.

855-CLINGRP · [email protected] · Accredited investors only.
Call 855-CLINGRP → Schedule a Consultation