
Health Realty Advisors, Inc. announces $38 million sale-leaseback on behalf of Crozer-Keystone Health System
Springfield, Pa. – Oct. 21, 2009 Michael Goldenberg, President of Health Realty Advisors, Inc., announces the completion of a $38 million sale-leaseback transaction on behalf of Crozer-Keystone Health System. [ more]
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Services / Value Added Financial Advisory Services
Approximately 30-50% of a non-profit’s balance sheet is invested in fixed assets (real estate) recorded on the institutions books at cost less depreciation, not value. This often leads to situations where the assets are undervalued. In addition, the performance of these assets can be greatly enhanced with the implementation of strong fundamental real estate initiatives. Typically, a non-profit is not focused on its real estate as a financial asset. Strategies to unlock the value “buried in the bricks” and obtain better operating performance can positively impact both the institution’s income statement and balance sheet. Value added services include the following:
- Real Estate Portfolio Analysis
What do you own? What do you lease? What are your operating expenses?
Most non-profits cannot answer these questions correctly. We guarantee in almost every instance there are millions of dollars of opportunities here.
- Strategic Real Estate Capital Advisory Services
Real Estate Structuring or Restructuring - Non-profit real estate must be treated as a financial asset - not a facility. Our results are often significant.
Trouble Shooting - We are often brought into transactions to get them back on the right track. We are doing more and more work with troubled assets. Sometimes this involves a troubled construction project where we bring the design and construction process together to achieve desired budget related results, and often times serving as an Owner’s Representative in the execution of a project.
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