The Paramount team is uniquely qualified to manage medical office and outpatient healthcare facilities. Our team of professionals have a proven track record of success in the medical real estate management and leasing field with all the necessary capabilities to service all portfolio needs.

Paramount combines extensive experience in property management with a specialized focus on medical office buildings. Professional property and asset management is essential to the successful operation of a healthcare facility and medical office building. Paramount provides a variety of management services including:

PROPERTY AND ASSET MANAGEMENT

• Coordinate tenant move-in
• Tenant relations and expectations
• Lease administration and enforcement
• Bid and award service contracts
• Institute preventative maintenance programs
• Ensure compliance with local codes
• Assist in tenant lease retention
• Develop operating budget
• Establish revenue and expense reporting

LEASING AND MARKETING

Paramount’s goal is to maintain optimal occupancy at all properties through tenant retention, aggressive marketing campaigns and leasing negotiations. Several key factors must be addressed in the leasing plan. Highlights of this program include:

• Optimal tenant mix
• Physical condition of the property.
• Strategic marketing plan
• Competitive tenant improvement allowance
• Effective advertising
• Developing the hospital relationship
• Detailed working market studies

FINANCIAL REPORTING

Paramount provides financial and property operation information based on the client’s needs. Reporting capabilities include:

• Monthly Financial Reports:
  • Executive summary
  • Operating statement - actual vs. budget
  • Variance explanations
  • Balance sheet
  • Rent roll
  • Aged delinquency
  • Check register
  • Detail general ledger
  • Bank reconciliation
• Lease and occupancy reports
• Property management reports
• Maintenance reports
• CAM reconciliations
• Annual budgets and reforecasts

SPACE PLANNING AND CONSTRUCTION MANAGEMENT

Paramount can provide a new or renewing tenant the help needed with improving their leased space. Upon lease execution Paramount’s in-house construction management team can either supervise the tenant improvement or control each step of the process until completion. These steps include the following:

• Meet with space planner, architect and tenant to custom design space and assist in final tenant approved plan
• Work with architect to complete final drawings
• Obtain and qualify bids from contractors and monitor them to ensure timely delivery
• Keep tenant informed of construction progress and responsibilities

Professionals Serving Professionals