Archive for the ‘Blog’ Category

Client Spotlight: Revive Atlanta MD

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We really enjoyed this project and working with Dr. Bindiya Gandhi. The Revive Atlanta MD office is not only beautiful, but also very efficient. IKEA cabinets and storage gives it a sleek look at an affordable price. Hand washing stations outside the rooms helped with the cost of the buildout. Dr. Bindiya is in a great location and the city of Decatur is excited to have her integrative and functional family medicine practice join their community! Read this great article featuring Revive Atlanta MD.

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Crown Tenant Advisors Sponsors January GAVMA Meeting

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Crown Tenant Advisors is looking forward to sponsoring the Georgia Veterinary Managers Association’s (GAVMA) first meeting of the year.

Date: January 11, 2018  12PM-2PM

Topic: Roadmap to Maximizing your Clinic’s Real Estate Needs

Speaker: Amanda Riepe, Crown Tenant Advisors Vice President

For more details, visit: http://www.gavma.com/schedule.php

https://www.facebook.com/events/140413363290813/

 

3 Healthcare Practice Resolutions

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1. Develop an annual business plan and set goals.  Reflect on your overall vision for your practice. Think about where you are now, where you want to be by the end of the year, and what it will take to get you there. Build a 2018 business plan outlining your goals and the tasks you must complete to stay on track to meet them. Set your annual budget and be sure to include line items for marketing, equipment, staffing, etc.

 

2. Consider real estate options.  Your real estate costs amount to a huge chunk of money. There may be ways to optimize your current location to improve your bottom-line and help you meet your goals. If you own your building, consider possibilities for refinancing. If you are leasing your space, contemplate how it supports the vision of your practice. Is it too big…too small…out of date? Weigh all of your options. Based on your business plan, does it make sense to buy, renew your lease, relocate to a new space, add another office, or none of the above? Where are you in your lease term? If you are 12-18 months from lease expiration – it is time to take action!

 

3. Make time.  Now that you have a plan, make time to actually implement it. Institute monthly checks to ensure you are driving towards the goals of your practice. Acknowledge each milestone you reach and take a moment to celebrate your accomplishments.

 

We know there is barely enough time in the day to see all your patients, much less think about real estate. Contact Crown Tenant Advisors today for a complimentary lease review and start 2018 off right!

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A Letter from our President, Andrew Riepe

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What a year! We count our blessings at Crown Tenant Advisors as we continue to grow, build new relationships, and see the success of our clients. In May, Ryan LaPrad joined our team and led our expansion into Tennessee. Then, Jason Price joined our Georgia office managing our dental representation. We increased our marketing efforts with the addition of Connie Pope, our Marketing Manager. We had the pleasure of presenting at ADA 2017 and continue to share our expertise with speaking engagements throughout the country. We appreciate all of your testimonials and referrals and love seeing our clients open the doors to their dream practice or restructure their lease to save big money. There are exciting things in the works for 2018, so stay tuned. Happy New Year! – Andrew

Crown Tenant Advisors Attends 2018 GAPD Annual Meeting & Luncheon

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We are looking forward to attending the 2018 Georgia Academy of Pediatric Dentistry (GAPD) Annual Meeting and Luncheon. If you are attending, please be sure to let us know so we can connect and say Hi!

2018 GAPD Annual Meeting & Luncheon
Saturday, January 13, 12P-2P
Ritz Carlton Hotel – Buckhead
3434 Peachtree Road, Atlanta, GA

For more information, visit: http://www.gaapd.org/

Ryan LaPrad Shares His Expertise

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We always welcome the opportunity to share our expertise about healthcare real estate and starting a new practice. Here is our own Ryan LaPrad before speaking to future dentists.

‘Tis the season for shopping!

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Black Friday…Cyber Monday…’tis the season for shopping!

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Remember, when shopping for space for your new practice, DO NOT call landlords when you see a “For Lease” sign. We encourage you to drive an area to learn more about the location and get a feel for the demographics to determine if it lines up with your vision for your practice. Write down names and places you are interested in and give that information to your real estate advisor to let them handle the conversations and negotiations. Do not contact a landlord directly, as you could unknowingly convey information that may hurt you in the negotiation process should this be the space you want to pursue. Be sure to hire an advisor who will exclusively represent your interests as a tenant. Tenant only representation comes at NO COST to you, as they are compensated by the landlord, and offers you the best unbiased unconflicted advice to protect your interests. Happy Shopping!

 

THANKFUL for TESTIMONIALS!

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We are THANKFUL for tailgates, touchdowns, and TESTIMONIALS! Thank you, Dr. Orza!

Jason Price of Crown Tenant Advisors did an excellent job negotiating our lease, and saved us quite a bit of money. We just purchased our first practice, and discovered we needed a significant amount of money for renovations. Initially, I tried to negotiate some concessions to the lease agreement directly with our property management company, but they were completely unwilling to work with us. Through Jason’s work, he negotiated several months rent free while we are under construction, along with money towards the project, and an additional amount in the form of a loan. Jason was invaluable to work with through this process, and I highly recommend him and Crown Tenant Advisors.

-Dr. Emil Orza, 1st Choice Dental Care – Historic Marietta

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Crown Tenant Advisors Case Study: Existing Dental Practice Lease Restructure

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See how Crown Tenant Advisors helped an existing dental practice restructure their lease and save over $69,000! This is just one example of why it’s best to use a “tenant only” real estate advisor when looking to renew and/or restructure your lease. You may have a great relationship with your Land­lord, but they are seeking the most amount of profit from your practice on the lease terms. This is a business transac­tion. It is advantageous to have a tenant advisor represent you during these negotiations. It doesn’t cost you anything and your interests are protected. Contact Crown Tenant Advisors today for your COMPLIMENTARY lease review.

In GA, call Jason: 404-441-6490
In TN, call Ryan: 614-402-3952
In IN, call Billy: 317-289-8790
Outside of GA, TN, IN, call Andrew: 404-216-4017

Email: info@crowntenantadvisors.com

Online: http://www.crowntenantadvisors.com/contact-us/

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C.T. Voyles Nominated to NFMGMA Board

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Congratulations to C.T. Voyles, Director at Crown Tenant Advisors, for his nomination to the North Fulton Medical Group Management Association (NFMGMA) Board as Affiliate Liaison!

Crown Tenant Advisors Offers Complimentary Lease Reviews

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A practice’s second highest fixed expense behind payroll is typically its LEASE or mortgage. This expense is also the most NEGOTIABLE. Leveraging the opportunity to improve commercial real estate terms can have more IMPACT on practice PROFITABILITY than increasing production. Crown Tenant Advisors works EXCLUSIVELY with dental, medical and veterinary clients, so we understand the specific challenges you face and offer UNBIASED healthcare real estate advice at all times with absolutely NO conflict of interest.

Request your COMPLIMENTARY LEASE REVIEW today!

FAQ: What is the difference between a listing agent & a tenant rep?

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A listing agent is hired by the landlord to represent their interests in a transaction. A tenant rep is hired by the tenant to represent their interests. Some agents work exclusively on listing properties, others work exclusively with tenants, others represent both. If you are thinking about opening a practice, it is important to understand who is representing you exclusively to ensure your real estate needs are met.  Further, if you have a representative who truly understands the unique needs of your practice you will be set up for success!

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Crown Tenant Advisors Hires Marketing Manager

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Crown Tenant Advisors, a boutique healthcare real estate firm, announced today that Connie Pope has joined the company as their new Marketing Manager. Connie will be responsible for developing and implementing marketing strategies and tactics to increase brand awareness and support sales efforts in their target markets.

“Connie is a great addition to our team,” said Andrew Riepe, President of Crown Tenant Advisors. “Her creative thinking and attention to detail will play a valuable role as we continue to grow our sales and marketing channels.”

“I am excited to be working with the talented team at Crown Tenant Advisors and communicating their message,” said Pope. “They are experts in their field and I value that they are able to operate conflict free to represent the interests of their clients.”

Prior to joining Crown Tenant Advisors, Connie was a successful marketing consultant with a proven track record integrating marketing campaigns across platforms to meet client objectives including brand continuity, lead generation and customer retention. Connie has over 20 years of business-to-business sales and marketing experience working for global companies, startups and everything in-between. Connie is a graduate from the University of Georgia.

About Crown Tenant Advisors:

Crown Tenant Advisors, Inc. is a boutique healthcare real estate firm headquartered in Roswell, GA, with additional offices in Tennessee and Indiana. Within these markets, Crown Tenant Advisors is a proven leader in dental, medical and veterinary tenant representation. By exclusively representing healthcare providers in real estate transactions, Crown Tenant Advisors has a comprehensive understanding of their unique requirements and offers unbiased unconflicted advice to protect their clients’ interests, save them significant money and mitigate their risk. For more information, visit www.crowntenantadvisors.com or find Crown Tenant Advisors on Facebook and LinkedIn.

Crown Tenant Advisors Helps The Healthy Woman Open Their Beautiful Practice

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Crown Tenant Advisors helped secure a very STRONG tenant improvement package and FREE rent to get The Healthy Woman’s BEAUTIFUL practice off and running on the right foot!

“My experience with Crown Tenant Advisors was absolutely PHENOMENAL! They took my feeble attempts at finding an office and negotiating a lease, and turned it into a targeted, organized full time search and professional operation. I am so happy I was referred by Dr. April Speed. She told me I had to use them, and she was correct. Not only did they have my best interests in mind, they understood my vision of what I wanted my office to be, and actually believed in it and me. I am a young solo doctor with no prior business knowledge of opening or running a business. Amanda was my realtor and she completely took over. She understood my goals and kept me encouraged along the way until we found my perfect place. She did not stop until the contract was perfect, and I was in the best financial situation for my life and work. I am an OB-GYN. Amanda worked in between my deliveries and surgeries to meet with me and keep me on track. I just had my open house yesterday. My office is beautiful and everything I have ever wanted. Thank you Amanda and Crown Tenant Advisers for making The Healthy Woman a reality. I recommend Crown Tenant Advisors to any medical professional even thinking about opening their own office. Let them help you, so you can continue to work and see patients while they help to make your dream come true. They are truly the reason I am at the place I am today. Thank you, Amanda. I love you!”

Dr. Jocelyn Slaughter, MD – The Healthy Woman

Website: http://www.the-healthywoman.com

Facebook: https://www.facebook.com/pg/DocJocelyn/photos/?ref=page_internal

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Crown Tenant Advisors Presents at ADA 2017

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What a crowd! Thank you to everyone who came out to see the Crown Tenant Advisors presentation on commercial real estate market strategies yesterday at ADA 2017.

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3 Common Real Estate Pit-Falls To Avoid

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1. Disclosing too much information to a current or potential Landlord.
Sharing too much can limit your negotiating power.

2. Calling numbers off of “For Lease” signs.
These calls should be handled by your advisor to limit the flow of information and maximize leverage.

3. Believing the myth that it will cost money to have representation.
Crown Tenant Advisors is compensated by the seller/landlord on completed transactions, so you don’t pay a dime for our services. Ever.

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Crown Tenant Advisors Presents at ADA 2017

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Amanda Riepe, Vice President of Crown Tenant Advisors, will be presenting on commercial real estate market strategies at ADA 2017 on Thursday, October 19th from 3-4PM in the Design Studio.

Course Number: 5383  Commercial Real Estate Market Strategies

A practice’s second highest fixed expense behind payroll is typically its lease or mortgage. This expense is also the most negotiable. Leveraging the opportunity to improve commercial real estate terms can have more impact on practice profitability than increasing production. It is therefore essential that you learn best practices and understand how these strategies can impact your business, improve patient care, and protect your valuable time.

After attending this course, you will be able to:

  • Understand how commercial real estate can impact the profitability of your practice
  • Gain insight into the current commercial real estate market
  • Consider strategies for putting real estate to work for your practice

CE Hours: 1

For more information and to add this presentation to your course planner click here:

https://www.eventscribe.com/2017/ADA/fsPopup.asp?Mode=presInfo&PresentationID=299705

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Crown Tenant Advisors Collects Costumes For The Drake House

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For the 5th year in a row, Crown Tenant Advisors will be collecting costumes for the children of The Drake House. We do this right before Halloween, but the costumes are enjoyed throughout the year. Thanks to our generous clients and friends, we collected over 150 costumes last year!

Visit any of the locations listed below between September 22-October 11 to donate your gently used costume and help sweeten Halloween for a child in need.

        – Children’s Dentistry of Atlanta, 5505 Peachtree Dunwoody Rd, Ste 470, Dunwoody

        – Peak Pediatric Dentistry, 6095 Barfield Road NE, #150, Atlanta

        – Smile Creations Dental, 3245 Peachtree Parkway, Suite H, Suwanee

        – Parkside Pediatric Dentistry, 141 Lacy Street, Suite 150, Marietta

For more information about The Drake House: http://thedrakehouse.org