Property Management Team at Realty Trust Group Expands
Realty Trust Group recently announced the addition of Holly Sparks and Kelly Belyea to their growing Property Management division. They will be based in RTG’s Knoxville office and will focus on the management and leasing of several medical and multi-use properties including the Knoxville Eye Associates building, the 1128 Weisgarber Medical Office building, Cherokee Mills, the Blount Medical Complex, and the KCDC state office buildings.
“As our services and customer base continue to grow we consider it vital to expand the depth of experience offered by our staff. Holly and Kelly are experienced property management professionals and both are highly respected within the healthcare real estate industry.” said Greg Gheen, President of RTG.
Prior to joining RTG as Operations Manager, Ms. Sparks worked as a General Manager for Lillibridge Healthcare Services (now Ventas) managing their East Tennessee portfolio of medical properties. She brings with her 19 years of property management experience, including leasing for over 1.0 million SF of commercial space. She served as 2011 President for the Knoxville chapter of BOMA, and is currently the 2013 President of the East Tennessee chapter of IREM. She is a licensed principal broker in Tennessee.
Ms. Belyea will join RTG as Assistant Property Manager. She has over six years of property management and leasing experience working for both Knoxville’s Community Development Corporation and Lillibridge Healthcare Services. She is a licensed real estate agent in Tennessee.
RTG President Participates As Presenter In AHLA Webinar ”Regulatory Issues in Healthcare Real Estate Transactions—A Review of Stark and the Anti-Kickback Statute”
Greg Gheen, President, Realty Trust Group was a featured presenter in the recent AHLA Real Estate Webinar Bootcamp Series, Part V: Regulatory Issues in Healthcare Real Estate Transactions—A Review of Stark and the Anti-Kickback Statute. In addition to Mr. Gheen, Andrew A. Dick, Esquire, of Hall Render Killian Heath & Lyman PC and Walter H. Neilsen, Esquire, Counsel at Waller Lansden Dortch & Davis LLP were featured as presenters in the webinar which was held on February, 21 2013.
The webinar was a comprehensive review of regulatory issues in connection with healthcare real estate transactions. Specifically, the webinar focused on the Stark Law and the Anti-Kickback Statute in connection with healthcare real estate leasing, sales, and development transactions. The faculty discussed how to correctly measure and value medical office space in order to ensure compliance with the applicable regulatory authority; and discussed new issues created by healthcare reform.
RTG Ranked As A Top Healthcare Real Estate Brokerage Firm in 2012
Realty Trust Group was ranked as one of the top healthcare real estate brokerage firms in the country in 2012, based on dollar volume of transactions, according to research firm Real Capital Analytics. In addition to brokerage services, RTG has consistently ranked as one of the Top 20 Development Companies in the U.S, as reported by Modern Healthcare.
“We consider ourselves an advisory firm first and foremost, but it’s nice to be recognized for our transaction capabilities,” said Greg Gheen, President of RTG. “Most of our transaction work starts as some type of strategic advisory assignment for our health system and physician clients. We completed what I believe were the two-largest portfolio monetizations in the state of Georgia last year, and also acquired some significant assets on behalf of our hospital clients.”
RTG Announces Promotion of Chad Simpson to Executive Vice President
Realty Trust Group President, Greg Gheen, is pleased to announce that Chad Simpson has been promoted to Executive Vice President. Chad is also a Principal in the company. “This new assignment recognizes Chad’s individual achievement, his many contributions to our success as a team and his dedication to providing outstanding service for our clients” said Gheen.
Chad brings executive experience in asset management and strategic planning to Realty Trust Group. He has broad experience in both commercial and healthcare real estate, including leasing and marketing services, corporate portfolio management, strategic planning, construction management and financial modeling. He is based in RTG’s Knoxville office, and manages the Northside Hospital portfolio.
Realty Trust Group Announces Three Promotions
Realty Trust Group President, Greg Gheen, announced today that Michael Honeycutt, Joe Krumdieck and Adam Luttrell have been promoted. “The healthcare industry is changing rapidly and Realty Trust Group is passionate about navigating those changes for our clients in the areas of real estate advisory & development. These new assignments recognize individual achievement, contributions to our success as a team and a company, and reflect great ‘value add’ for our clients” said Gheen.
Michael Honeycutt, Knoxville, has been promoted to Vice President. Honeycutt joined the firm in 2005 as an Analyst, and most recently held the position of Senior Associate. Prior to joining RTG, Michael was an Associate with the Consumer Finance Group of PricewaterhouseCoopers. Michael also previously held positions with Knoxville-based Mortgage Investors Group.
Joe Krumdieck, Atlanta, has been promoted from Senior Associate to Vice President. Joe’s expertise is in financial analysis in real estate planning and management and has been heavily involved in advisory and asset management services in the Atlanta office, and particularly in his key role serving Northside Hospital.
Adam Luttrell, Knoxville, has been promoted to Associate from the position of Senior Analyst. Adam joined Realty Trust Group as an Analyst in 2010 from KPMG, where he worked in the tax consulting area. His experience includes financial analysis of real estate property transactions, budget preparation, property management, leasing and marketing services, and tax and other financial-related project management services.
Realty Trust Group Announces New Executive Vice President
Realty Trust Group is pleased to announce that veteran healthcare real estate professional Scott Evans has joined the company as Executive Vice President.
“Scott is a recognized leader in healthcare real estate advisory services, working throughout the country with health systems and physician groups” said Greg Gheen, President of Realty Trust Group. “His skills and experience will add significantly to our existing capabilities to serve our clients in structured real estate financings and monetization of real estate portfolios”.
Scott brings more than 27 years of experience to Realty Trust Group. He has completed transaction and advisory assignments involving healthcare real estate valued at over $1.7 billion throughout the course of his career. Formerly a Partner at Ernst & Young, he worked most recently as Managing Director in the Real Estate practice at Cain Brothers, a healthcare investment banking firm.
Scott holds a BA, and an MBA in finance from Indiana University. He will work in RTG’s Atlanta office.
RTG Represents Seller in Largest Medical Office Transaction in Atlanta
According to CBRE, Health Care REIT Inc. (NYSE: HCN) purchased the two largest medical office buildings on the Northside Hospital Alpharetta campus for $41.7 million. Realty Trust Group represented the seller, Northside Hospital, in the largest medical office transaction of the year in Atlanta. The two medical office buildings total 286,500SF and are about 80% occupied.
RTG President to Moderate at 2012 CRE Forum
Greg Gheen, CRE, President, Realty Trust Group will be acting as Moderator at the 2012 Counselors of Real Estate ("CRE") Annual Convention in April. The convention, held in Chicago, will feature several business forums including one with a focus on Real Estate Trends in the Healthcare Industry. Mr. Gheen will act as Moderator, with Julie S. Mebane, Esq., CRE, Partner, Duane Morris LLP as Forum Chair and William E. Wiebe, CRE, First Vice President, CB Richard Ellis as Speaker. With a focus on our aging population, the Forum will explore trends in the healthcare industry, the effect of facility mergers and consolidations, and the greater need for assisted living, senior housing and a new set of real estate transactions. http://www.cre.org
KCDC Project Underway
Realty Trust Group, in partnership with BDT Development and Management, broke ground on a new 15,000SF office building in the Mechanicsville Hope VI redevelopment area for Knoxville's Community Development Corporation ("KCDC"). The new office building will be occupied by several departments of the Tennessee Department of Labor and Workforce. The facility was designed by Lewis Group Architects and is being constructed by Hickory Construction. The building will open in early September 2012. http://blogs.knoxnews.com/flory/2010/11/bdt-development-lewis-group-in.html
RTG Provides Assistance to Sevier County Bank
Realty Trust Group is assisting Sevier County Bank, the oldest continuously operating bank in East Tennessee, with asset disposition involving bank properties that are no longer required for service to bank customers.
The engagement also includes the identification and acquisition of an alternate property for a relocated branch bank, to better serve the growing community in Pigeon Forge.
Legacy Parks Foundation
Each year Realty Trust Group identifies a local project that we can assist through our labor and our monetary gift. We were pleased in 2011 to be able to assist the Legacy Parks Foundation in preparing a new trail in south Knoxville, that will be a connector between several parks and historic sites within the Legacy Parks system. http://www.legacyparks.org/
Adam Luttrell Receives Licensure
Realty Trust Group is proud to announce that another member of our team has received professional licensure from the State of Georgia.
Adam Luttrell, an Analyst, has received his real estate license in the State of Georgia. Adam is also a licensed Affiliate Broker in TN and VA. Adam specializes in providing our clients with transactional support for all types of real estate transactions, including leasing, sales, and acquisitions. He also serves in a real estate advisory role for our clients.
RTG Sponsors "Buzz Does" Japan Disaster Relief
Realty Trust Group announced their support today for victims of the Japanese earthquake through their participation in "Buzz Does"—an innovative social network campaign to raise funds for the American Red Cross.
"Buzz Does" uses Twitter to allow followers to "tweet" donations designated for the American Red Cross Japanese relief effort. Bluegill Creative, a Knoxville communications and creative company, developed Buzz Does to show the power of social media for charitable causes.
"We are very pleased to have the opportunity to support those in Japan who have suffered so greatly from the earthquake and its aftermath," said Greg Gheen, president of RTG.
Buzz Does was introduced this week at Social Slam—a national social media conference held in Knoxville. Every Tweet from a conference participant to the hashtag #buzzdoes generates a donation to the Red Cross. Bluegill plans on using Buzz Does for other causes in the future.
Realty Trust Group Ranked As A Top-20 Healthcare Development Firm
That's according to Modern Healthcare magazine, which published its 2011 Construction & Design Survey in March. The annual survey reports total dollar volume of healthcare construction projects completed by the nation's top development firms.
RTG ranked 19th among all respondents, with completed projects totaling more than 105,000 square feet and nearly $24 million. Completed projects include new medical office buildings in three states – Tennessee, Virginia and Georgia. "Given the difficult economic environment, we are pleased with the opportunities that we continue to have." said RTG President Greg Gheen.
With an additional 200,000 square feet currently under construction and other projects in the development pipeline, RTG looks forward to another strong year for healthcare real estate in 2011.
Realty Trust Group to Rebuild Fire Damaged Lonsdale Park
October 12, 2010 - Owners and employees of the Knoxville-based healthcare real estate company Realty Trust Group will begin rebuilding the playground at Lonsdale Park this Friday.
Realty Trust Group has also paid the $23,000 replacement cost for the equipment damaged in the fire.
The playground was damaged in a deliberately-set blaze on July 4.
"We're very grateful to the folks at Realty Trust for giving their time and money to do something that will make a big difference to children who live in Lonsdale," said Joe Walsh, director of the City of Knoxville's Parks and Recreation Department. "It's a great example of a company partnering with the city to do something that improves a community and people's lives."
Greg Gheen, President of Reality Trust Group, contacted the city shortly after the fire and expressed an interest in the company and its employees doing a project to restore the playground. Walsh subsequently met with Gheen at the park with a breakdown of the repair, replacement and installation costs.
"He said 'We'd like to take it on,' " Walsh said.
Our company believes in service and community and this project allows us to accomplish both," Gheen said.
Jim Howlett, of Howlett Equipment Company, will provide technical guidance on the project. The playground equipment is from his company.
The city completed a major renovation of Lonsdale Park, including the playground, in 2007 as part of the efforts to revitalize the community.
That renovation, which involved the city's engineering and public service departments, included construction or renovation of two playgrounds, development of a paved loop trail, construction of a large pavilion and the relocation of a street so children at the neighboring Lonsdale Elementary would have a safe route to reach the park.
Realty Trust Group Ranked by Modern Healthcare Magazine
Realty Trust Group, a Knoxville real estate development and advisory firm, is ranked by Modern Healthcare magazine as one of the nation’s Top 25 healthcare development companies.
The ranking is based on dollar volume of completed construction projects, number of years in healthcare project management and development, and the percentage of total work involving healthcare facilities.
“This is a great accomplishment for a company that was founded slightly over a decade ago,” said RTG Executive Vice President Don Parnell. “We obviously are pleased because it is a tribute to our outstanding clients and team members.”
In addition to healthcare, Realty Trust Group manages construction projects for financial institutions, government and other private sector companies and public sector institutions.