SAN JOSE, Calif. (May 4, 2010) – California real estate veterans Kevin Heravi and Eric Rafia have taken the unprecedented step of launching Silicon Valley’s first commercial real estate services firm for the health care industry. Additionally, the new company, aptly called HealthMed Realty, has released an insightful quarterly report on the Silicon Valley medical office market.
Located in San Jose, HealthMed Realty is taking a distinctive approach to delivering real estate brokerage services. Unlike other commercial real estate firms that focus primarily on apartments, generic offices or retail, HealthMed Realty specializes in serving the needs of health care practitioners and providers. “We are the first company that is focused on helping doctors, dentists, and health care service companies with their real estate needs in the area,” says co-founder Heravi. “The benefit is that these individuals/companies now have a firm that understands and is dedicated to their industry.”
HealthMed Realty offers a variety of services for the health care industry, including real estate sales and leasing, development, construction management and property management. In addition, the company customizes its services to meet the unique needs of its target market. “Health care providers, with all their nuances and specialty needs, require the same level of sophistication, if not more, than the rest of the commercial real estate industry; we strive to provide these services from a single trusted source,” Heravi says.
HealthMed Realty is committed to using the latest technology and research to provide transparency in the medical real estate market. Its goal, according to co-founder Rafia, is to use information such as total health care inventory, leasing rates, sale comps, and vacancy and absorption statistics to streamline the sales and leasing process by utilizing fast and accurate market intelligence. “We’re really excited to be finally reaching out to clients,” Rafia says. “We’ve had our noses to the ground doing a lot of leg work and research in order to quantify the market. It’s been worth it, as our intelligence is proving to be extremely valuable for our clients’ decision making.”
In an effort to share its research and expertise, HealthMed Realty has released Silicon Valley’s first medical real estate market report, “The Pulse,” for the first quarter 2010. The firm also assists clients with demographic and medical practice market reports. It also publishes the “Medical Real Estate Blog,” which chronicles important Bay Area health care news and other topics.
Although HealthMed Realty is a new company, its founding partners have well-established track records in the industry. Both Heravi and Rafia have extensive commercial real estate experience, including institutional office acquisitions, development and brokerage. They also have a deep understanding of the Silicon Valley market and are excited to leverage their experience and relationships to better serve the health care community. In fact, the partners view their service capabilities and market knowledge as a tremendous value to physicians, clinics and hospital groups that want to gain a competitive edge and realize cost savings. Heravi explains: “It’s not a misnomer that real estate is one of the largest expenses for any practice. It’s also vital to so many other facets of success such as referral base, patient convenience, and adequate image and traffic. Our expertise in medical real estate can better position a practice for success and significantly reduce a company’s overhead.”
HealthMed Realty is an innovative company that was founded on three guiding principles: market expertise, integrity, competence and satisfaction. Being a good corporate citizen is also important to the company. Hence, HealthMed Realty proudly supports local organizations such as the Santa Clara County Medical Association and Santa Clara Dental Society.
Kevin Heravi, Partner