Night with the Experts – East Tennessee


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You think about your health and the health of your patients, but when is the last time you thought about the health of your dental practice? We’ve added TWO new great events to our Tennessee calendar. Our Managing Director Dennis Yokum will be joining a team of leading experts in the dental services industry for a Night with the Experts. Night with the Experts – Knoxville will be held on Thursday, July 26th. Night with the Experts – Tri-Cities will be held in Kingsport on Thursday, August 2nd. Arrive around 5:30PM for drinks and to network. Both events will start promptly at 6:00PM. This event is FREE. For more details, visit our events page.

 

 

Congratulations Duluth Family Dentistry & Dr. Mark Shefrin!


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Congratulations to Duluth Family Dentistry and Dr. Mark Shefrin! We enjoyed helping you buy your new dental home and seeing your dream office become a beautiful reality. We are so happy for you, your team and your lucky patients!

 

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Crown Tenant Advisors to Volunteer with Upcoming Charitable Events: Hope Smiles and GMOM 2018


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When we aren’t helping meet our client’s needs, we are helping meet our community’s needs. David Stose, Managing Director for Tennesssee, will be volunteering at the upcoming Hope Smiles Medical Mission on July 28th in McMinnville, TN. Jason Price, Director for Georgia, will be volunteering at the Georgia Dental Association Foundation for Oral Health’s Georgia Mission of Mercy (GMOM) on August 10-11, 2018 in Augusta, GA. You do NOT need to be in the dental field to serve at either of these events! They always need dental professionals, but also have volunteer opportunities for ANYONE who is ready and willing to serve. Visit the Crown Tenant Advisors event page for more details on either of these charitable initiatives.

Crown Tenant Advisors Featured on Veterinarian’s Money Digest


Great article by Crown Tenant Advisors President, Andrew Riepe, featured on Veterinarian’s Money Digest.

Read what real estate mistake could cost you big money when buying a practice.For Rent Icon_Feature

Crown Tenant Advisors Grows Territory and Sales Force

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Crown Tenant Advisors Grows Territory and Sales Force

Chuck Fisk joins healthcare real estate firm to serve Alabama market

 

Atlanta, GA, June 26, 2018 Crown Tenant Advisors, a boutique healthcare real estate firm, announced today it will expand its services into Alabama and Northwestern Florida through the hiring of new Managing Director, Chuck Fisk. Fisk is a licensed commercial real estate broker and will be responsible for dental, medical, and veterinary tenant and buyer representation in Alabama and the Florida Panhandle.

Crown Tenant Advisors’ strong foothold in Georgia and Tennessee led to its organic expansion into Alabama. “We are responding to feedback for an unmet need in this region,” said Andrew Riepe, President and Owner of Crown Tenant Advisors. “Chuck is the right person at the right time to lead this initiative.”

Fisk brings over twenty years experience in the healthcare industry, most recently with Digital Doc, an industry leader in intraoral cameras. Through his work with thousands of dental and medical practices across the Southeast, Fisk gained knowledge of both the business and environmental needs specific to healthcare and how they can impact each other. He will use this valuable insight to advise his dental, medical, and veterinary clients on how to meet their business, financial, and personal goals through real estate.

“I look forward to continuing to serve the healthcare professionals in Alabama in this new role,” said Fisk. “I take my fiduciary responsibility to my clients very seriously, exclusively representing their interests as a buyer or tenant to level the playing field in real estate negotiations.”

 

About Crown Tenant Advisors:

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

 

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Media Contact:

Connie Pope

404.734.6031

cpope@crowntenantadvisors.com

www.crowntenantadvisors.com

 

Crown Tenant Advisors to Present at Business Forum for Dental Practices

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We are looking forward to presenting at this forum along with a great lineup of speakers and topics.
Use promo code: STOSE at registration to receive a special discount (free!) and join us as our guest.
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Restructuring Your Lease to Optimize Your Practice’s Real Estate

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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. Negotiating the right terms can set your practice on the right path by minimizing overhead and out of pocket expenditures. By effectively restructuring your lease, you could drastically improve your bottom-line without working more hours, seeing more patients, buying more equipment, or cutting more expenses.

 

Evaluate long term priorities. Look at your big picture to determine whether it makes sense to buy, renew your lease, relocate to a new space, add another office, or none of the above. Consider your business plan and if the space allows you to grow at the pace you anticipate with flexibility for expansion, if needed.

 

Negotiate. When renewing or extending a current lease, it is imperative to take full advantage of the opportunities afforded in today’s commercial real estate market. Landlords are offering concessions to tenants (lower rental rates, free rent, tenant improvement allowances) that if negotiated correctly can be a windfall for the practice. The current state of the market has afforded tenants and buyers of real estate to lock in at rental rates before they continue to increase or purchase property at good values.

 

Boost economic factors. There are many economic factors that can affect a lease. Depending on the needs of the practice perhaps free rent, a lower base rate, or lower annual escalations can improve the cash flow of the practice. Tenant Improvement dollars from the landlord could help update and modify the space to be more current. Depending on the type of lease and building, an updated base year should be reviewed.

 

Mitigate risk factors. There are risk factors in a lease that should be analyzed. Was there a personal guarantee that was originally signed with the lease? With each lease renewal another lease renewal option should be negotiated. Finally, is there assignment language and subletting language in the lease that is favorable to the tenant.

 

Enlist the help of an advisor that specializes in healthcare real estate. There’s barely enough time in the day to see all your patients, much less worry about real estate. Don’t go at this process alone or you likely will not be able to get the best terms the market has to offer. It is wise to have an experienced professional on your side navigating this process. Look for an advisor that works exclusively on your behalf to solely represent your interests and not the interests of both you and the landlord. A tenant only broker is compensated by the seller/landlord so you don’t have to pay for their services and yet benefit from them greatly.

 

Dental, medical, and veterinary offices have their own unique requirements that differ from other tenants. It is important to enlist the expertise of a real estate professional that has experience with healthcare providers and understands your business and the specific needs of your practice. With the right advisor on your side to leverage the market on your behalf, you could literally add thousands of dollars to your bottom-line. Without one (or the wrong one) the opposite could happen. You could potentially put your business into an oppressive lease or compliance nightmare.

 

If you are considering renegotiating your existing lease (or even if you are not), ask a healthcare real estate specialist for a complementary lease review. You may be surprised by how much of your profit is flying out the window.

 

About the Author

Andrew Riepe is President and Owner of Crown Tenant Advisors, a regionally based boutique healthcare real estate firm. Andrew has spent his entire commercial real estate career focused exclusively on representing the interests of healthcare providers and has a comprehensive understanding of the unique requirements of dental and medical tenants. He utilizes a strategic approach to real estate, and his expertise lies in providing market knowledge and in depth financial and comparative analyses to achieve optimum results.

 

Crown Tenant Advisors Testimonial: Made Real Estate Experience Easy featuring Dr. Patel, 19th Street Dental

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Watch our new video featuring Dr. Trushar Patel, 19th Street Dental, on how we made his real estate experience easy.

This is what Crown Tenant Advisors is all about! We take care of your real estate, so you can take care of your patients. View more client testimonials.

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Crown Tenant Advisors is Course Sponsor for GDA New Dentist Forum

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Crown Tenant Advisors is proud to be a Course Sponsor for the Georgia Dental Association New Dentist Forum on Friday, June 22nd from 9:30 AM – 4 PM. This program is for dentists who graduated from dental school within the past ten years. The forum was created to offer Practice Management and Clinical Courses that will assist dentists and their teams. Join Andrew Riepe and Jason Price at this event to discuss current real estate market trends and how Crown Tenant Advisors can help you leverage them to your advantage. GDA’s continuing education courses deliver tools that will provide efficient and successful outcomes for business and patient satisfaction while connecting you with peers and building relationships. Earn 6 CE credits by participating in this Dentist Forum.

For additional networking and fun, GDA is providing all attendees with TWO complimentary tickets to the Baltimore Orioles vs Atlanta Braves baseball game at 7 PM at SunTrust Park. The DoubleTree Suites by Hilton Hotel Atlanta – Galleria is conveniently situated next to the Battery Atlanta where SunTrust Park is located. After the New Dentist Forum, everyone can walk over to the Battery Atlanta to visit the various establishments, and then top off the evening with the Braves baseball game.

Click here for more information and to register.

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Crown Tenant Advisors Testimonial: More Than Just Agents featuring Dr. Steele, Steele Dermatology

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New video testimonial featuring Dr. Steele, Steele Dermatology. Thank you, Dr. Steele, for sharing your story and allowing us to be a part of your successful journey into practice ownership.

Client Testimonial: Peachtree Pediatric Urgent Care

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drThrowing back to a testimonial from a client we helped a few years ago. Great reviews never get old!

CT and Andrew were absolutely critical in negotiating my lease with the landlord. I highly recommend their services to anyone interested in securing an office space. For my practice, Peachtree Pediatric Urgent Care, they were a requirement. These guys are truly miracle workers! Thanks again Andrew and CT for your assistance in making my dream a reality.

– Shekou M. Sesay, MD, MPH

Read more testimonials.

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Thank a Nurse This Week (and Every Week)!

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A shout out of thanks to all the wonderful nurses! It’s National Nurses Week and we love that businesses across the country are honoring nurses with special deals for healthcare workers. You deserve a sweet treat for all you do, so be sure to get your free Cinnabon! Check out this article for more deals: https://www.thrillist.com/news/nation/national-nurses-week-2018-deals-free-food

Healthcare professionals nationwide can get FREE Cinnabon treats during Nurses Week (May 6-12, 2018) (PRNewsfoto/Cinnabon)

Healthcare professionals nationwide can get FREE Cinnabon treats during Nurses Week (May 6-12, 2018) (PRNewsfoto/Cinnabon)

Crown Tenant Advisors Featured Speaker at Dental Practice Seminar

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Whether you are starting out, expanding, remodeling or upgrading, you will learn the many factors that go into building your dream clinic. A panel of experts, including David Stose, Crown Tenant Advisors Managing Director, will share insights and experiences so you will be well prepared as you embark on the next step in your dental journey. Reserve your spot for this COMPLIMENTARY seminar today! RSVP by email: dg.seminar@bac.com or call 614-307-3055.

May 18th - TDA Starting or growing your practice

Crown Tenant Advisors Testimonial: Dr. Patel, 19th Street Dental

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One of our favorite parts of working with clients is helping them save time and money on their lease renewal. Thank you, Dr. Patel, 19th Street Dental, for sharing your favorite part of working with us! (Click image to watch video.)

 

Peach City Dental Club Kickoff Meeting

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Peach City Dental Club is a new Study Club for dentists practicing in the Greater Atlanta area who are less than 10 years out of Dental School. General and all specialties welcome. As a proud sponsor, Crown Tenant Advisors is inviting our clients and friends to the upcoming kickoff meeting. Please join us and bring your colleagues.

Membership is FREE. Click here to RSVP.

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Metro Atlanta Is A Great Place To Have A Healthcare Practice

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Atlanta has been growing rapidly. Over the past five years alone, Atlanta created the fourth-most jobs out of any metro in the country and has added the third-most households, just ahead of New York City. These people have healthcare needs. They need doctors and dentists – and they have pets that need veterinarians. The metro Atlanta area is a GREAT place to have a healthcare practice and if you are thinking about starting your own medical, dental, or veterinary practice, NOW is a great time to do it! We are here to help. We’ll help you find the perfect location and help you negotiate the best terms to make your dream practice a reality. Contact us today!

 

Southeast Healthcare Partners Sponsors FREE Lunch & Learn: Vendor Security

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Join us for the latest Lunch and Learn Series sponsored by Southeast Healthcare Partners. Donna Grindle of Kardon Compliance will present on Vendor Security: Trust but Verify, Don’t Assume. Lunch will be served. This seminar, including lunch, is FREE. Please share with colleagues. Limit 2 attendees from each practice. Click here to RSVP today!

Crown Tenant Advisors Testimonial: Dr. Steele, Steele Dermatology

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We are so grateful to Dr. Steele, Steele Dermatology, for her business and for taking time out of her very business schedule to talk with us. Hear her share her experience and why she would recommend Crown Tenant Advisors.

Crown Tenant Advisors Featured Speaker at Practice Ownership Seminar

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Andrew Riepe and Jason Price of Crown Tenant Advisors look forward to sharing their real estate roadmap for starting your own dental practice at this upcoming event. If you are thinking about practice ownership, this complimentary seminar is a must for you.

April 27th - Keys to success - Practice Ownership

See Crown Tenant Advisors at DMA 2018 Conference, Booth #48

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Stop by and see Crown Tenant Advisors in Booth #48 in the Exhibit Hall at the Dermatology Managers Association of Georgia (DMA) 2018 Annual Conference. Amanda Riepe and C.T. Voyles look forward to meeting you to discuss how Crown Tenant Advisors can help you leverage your real estate to optimize your dermatology practice’s profitability.

The Dermatology Managers Association of Georgia (DMA) annual retreat is for learning, networking and developing relationships with fellow managers, administrators and sponsors. As the DMA has grown, the program agendas have incorporated education for all practice staff members – clinical issues and OSHA, insurance and payment changes, administrative staff and HIPAA, current compliance and regulations, HR challenges, financial benchmarking – and most recently a track for cosmetic practices offering aesthetic services including marketing and social media platforms.

We look forward to seeing you at this great event!

 

Crown Tenant Advisors Exhibiting at Tennessee MGMA 2018 Spring Conference, Booth #2

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ANCHOR UP! All Healthcare Professionals On Deck! Stop by and see Crown Tenant Advisors in Booth #2 in the Exhibit Hall at the Tennessee MGMA 2018 Spring Conference. Dave Stose and Dennis Yokum look forward to meeting you and discussing how Crown Tenant Advisors can help you leverage your real estate to improve your medical practice’s profitability. Be sure to complete a Crown Tenant Advisors contact card and enter to win a wireless speaker. 

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Follow @crowntenantadvisors on Instagram

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Every picture tells a story – and every post has a #hashtag. Follow @crowntenantadvisors on Instagram.

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Crown Tenant Advisors Unveils New Booth At Thomas P. Hinman Dental Meeting

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We LOVE our new booth and all the buzz it is creating at the Thomas P. Hinman Dental Meeting. Stop by space #2130 to see it in person, meet our team, and discuss how we can help you optimize your real estate.

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See Crown Tenant Advisors at the Upcoming NFMGMA Meeting

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As a proud Silver Sponsor of the North Fulton Medical Group Management Association (NFMGMA), Crown Tenant Advisors looks forward to attending the NFMGMA March meeting on Wednesday, March 21st from 9:30 AM – 1 PM. The event will be held at the The Metropolitan Club in Alpharetta, GA. Stop by our table to meet C.T. Voyles and find out more about how we can help you leverage commercial real estate terms to positively impact your healthcare practice’s profitability.

For more event details and to register, visit the NFMGMA website: http://nfmgma.clubexpress.com/content.aspx?page_id=87&club_id=50672&item_id=647045