EmergeOrtho, one of the largest Physician Practice Groups (PPGs) in North Carolina, desired a new facility in an established submarket of Raleigh-Durham. The facility needed to include a new clinic and surgery center in the same building.
This PPG wanted to preserve the right to own a portion of the building without taking development risks.
In-depth market knowledge was required as very few land sites remained to meet EmergeOrtho’s needs.
Davis Moore partnered with Emerge in a comprehensive, open-book development process that included an option for EmergeOrtho to invest alongside Davis Moore.
Emerge was able to rely on Davis Moore to coordinate a complicated rezoning and handle every aspect of delivering the new building on time and within budget.
Davis Moore minimized risks and created a phenomenal new location for EmergeOrtho.
The physicians were able to avoid personal guarantees on an approximately $16MM development loan.
Additionally, the practice was able to secure ownership in an asset that could produce more than $3,000,000 in profits for the physicians, if the building was sold upon completion
Most importantly, EmergeOrtho secured a best-in-class, new clinic and surgery center to meet growth needs in one of the best markets in the country.