Veritas Medical Properties | A. Calvin Axtell | Steven R. Cole | Medical Facility Development, Medical Real Estate Solution, Construction Management, Financial Structuring

Veritas brings together client focused development skills with sophisticated financial structuring methodology. We build to our client’s current program needs while keeping growth in mind. Whether we are developing a single tenant, build to suit project or a multi tenant medical office building, our emphasis is on what will best serve our clients and their patients.

Deaconess Family Center

Design
We assemble and manage the architecture, engineering, and construction team that best fits the program requirements. Each facility requires a unique approach and we are careful to bring professionals with the requisite skills and experience to each project. We help our clients map out their needs and design to the level that is appropriate for the projected use of the property.

Construction
Just as the design team should be a good fit for the project, so should the construction company. Smaller projects call for smaller, more entrepreneurial contractors. Larger projects need construction company’s with greater resources. Our goal is to properly match the contractor with the job based on project size, location and level of detail required.

Costs
Unlike many developers, Veritas does not “over fee” a project. We take an open book approach to development. We bid or negotiate all aspects of the construction costs and contracts and these costs are passed through to the job without add ons. The construction contracts are always fixed cost contracts. All project costs, including development fees to Veritas, are open to client review prior to the start of the project.

Financing
Real estate leases are a source of financing for property users. Our goal is to provide our client’s the facilities they need at a fair occupancy cost. We have extensive experience in structuring leases to obtain off balance sheet treatment. By partnering with our clients we are able to pursue driving down their cost of capital through strict cost management, lease structuring, and the use of creative financing tools.

Sale-Leaseback financing is an efficient and cost effective source of capital for credit worthy Seller/Lessees. In today's business climate, corporate financial objectives, including the use and allocation of capital, are under constant scrutiny. Corporate-owned real estate can be costly and erode profits. However, real estate can be used to unlock shareholder equity.

A Source of Capital
Sale-leaseback transactions are an alternative method for raising capital. A sale-leaseback transaction allows a property to be sold and immediately leased back to the seller. After the transaction the seller is able to make use of the property in a more productive way. The Seller/Lessee profits from the sale, while retaining full operating control of the property.

Benefits
When properly structured, sale-leaseback transactions become a form of off-balance-sheet financing. Sale-leaseback financing can be a good source of capital for operating companies or medical practices. Some uses for the proceeds might be:

Funds to finance growth
Capital to make an acquisition
Paying down a debt
Reallocating capital into more productive uses such as the purchase of new equipment
Liquidity for practice or partnership restructuring
Financial restructuring of existing facilities, such as surgery centers
Distribution of equity among partners

Renaissance Surgery Center, Crockett, Texas
Houston County Medical Investors is the owner of the facility. Local community leaders banded together and contributed significant capital resources in order to bring advanced medical care to Crockett and the surrounding communities.

The 13,000 square-foot facility is comprised of an approximately 10,000 square-foot ambulatory surgery center and 3,000 square feet of clinic space. The surgery center contains two operating rooms and one procedure room, which is designed to be converted to an operating room if the need arises.

The surgery center will be operated by Solara Surgical Partners of Southlake, Texas. Specialties planned for the facility include Orthopedics, Pain Management, Ear Nose and Throat, Urology, Neurosurgery, GI Procedures and General Surgery. The physicians in each of these specialties will also hold clinics at the facility at least one day a week.

Veritas Medical Properties arranged the financing and managed the overall development and construction of Renaissance Surgery Center.

The Goddard School, McKinney, Texas
Veritas Medical Properties is pleased to announce the completion of the Goddard School in McKinney, Texas. This 8,000-square-foot school is dedicated to early childhood development. The facility was built according to the high standards of Goddard Systems, Inc. The site is almost 1.5 acres and provides tremendous visibility and access to the school.

The Brown Hand Center, Bedford, Texas
Veritas Medical Properties is pleased to announce the completion of construction of the Brown Hand Center in Bedford, Texas. The 15,000 square-foot facility is located on Airport Freeway in the heart of the Dallas/Fort Worth Metroplex. The state of the art building is comprised of a 10,000 square foot ambulatory surgery center and a 5,000 square foot clinic.

The Goddard School, Austin, Texas
Veritas Medical Properties is pleased to announce the completion of construction of the Goddard School in Austin, Texas. This 8,000 square-foot school is dedicated to early childhood development. Goddard School buildings are custom designed and planned to provide safe, healthy, and stimulating environments for children from six weeks to six-years-old. Two separate playgrounds are designed to challenge and delight each age group.


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			What We Do Facility Development Sale Lease Backs Completed Projects Veritas brings together client focused development skills with sophisticated financial structuring methodology. We build to our client’s current program needs while keeping growth in mind. Whether we are developing a single tenant, build to suit project or a multi tenant medical office building, our emphasis is on what will best serve our clients and their patients. Design We assemble and manage the architecture, engineering, and construction team that best fits the program requirements. Each facility requires a unique approach and we are careful to bring professionals with the requisite skills and experience to each project. We help our clients map out their needs and design to the level that is appropriate for the projected use of the property. Construction Just as the design team should be a good fit for the project, so should the construction company. Smaller projects call for smaller, more entrepreneurial contractors. Larger projects need construction company’s with greater resources. Our goal is to properly match the contractor with the job based on project size, location and level of detail required. Costs Unlike many developers, Veritas does not “over fee” a project. We take an open book approach to development. We bid or negotiate all aspects of the construction costs and contracts and these costs are passed through to the job without add ons. The construction contracts are always fixed cost contracts. All project costs, including development fees to Veritas, are open to client review prior to the start of the project. Financing Real estate leases are a source of financing for property users. Our goal is to provide our client’s the facilities they need at a fair occupancy cost. We have extensive experience in structuring leases to obtain off balance sheet treatment. By partnering with our clients we are able to pursue driving down their cost of capital through strict cost management, lease structuring, and the use of creative financing tools. Contact us today for more information. Sale-Leaseback financing is an efficient and cost effective source of capital for credit worthy Seller/Lessees. In today's business climate, corporate financial objectives, including the use and allocation of capital, are under constant scrutiny. Corporate-owned real estate can be costly and erode profits. However, real estate can be used to unlock shareholder equity. A Source of Capital Sale-leaseback transactions are an alternative method for raising capital. A sale-leaseback transaction allows a property to be sold and immediately leased back to the seller. After the transaction the seller is able to make use of the property in a more productive way. The Seller/Lessee profits from the sale, while retaining full operating control of the property. Benefits When properly structured, sale-leaseback transactions become a form of off-balance-sheet financing. Sale-leaseback financing can be a good source of capital for operating companies or medical practices. Some uses for the proceeds might be: Funds to finance growth Capital to make an acquisition Paying down a debt Reallocating capital into more productive uses such as the purchase of new equipment Liquidity for practice or partnership restructuring Financial restructuring of existing facilities, such as surgery centers Distribution of equity among partners Contact us today for more information. Renaissance Surgery Center, Crockett, Texas Houston County Medical Investors is the owner of the facility. Local community leaders banded together and contributed significant capital resources in order to bring advanced medical care to Crockett and the surrounding communities. The 13,000 square-foot facility is comprised of an approximately 10,000 square-foot ambulatory surgery center and 3,000 square feet of clinic space. The surgery center contains two operating rooms and one procedure room, which is designed to be converted to an operating room if the need arises. The surgery center will be operated by Solara Surgical Partners of Southlake, Texas. Specialties planned for the facility include Orthopedics, Pain Management, Ear Nose and Throat, Urology, Neurosurgery, GI Procedures and General Surgery. The physicians in each of these specialties will also hold clinics at the facility at least one day a week. Veritas Medical Properties arranged the financing and managed the overall development and construction of Renaissance Surgery Center. The Goddard School, McKinney, Texas Veritas Medical Properties is pleased to announce the completion of the Goddard School in McKinney, Texas. This 8,000-square-foot school is dedicated to early childhood development. The facility was built according to the high standards of Goddard Systems, Inc. The site is almost 1.5 acres and provides tremendous visibility and access to the school. The Brown Hand Center, Bedford, Texas Veritas Medical Properties is pleased to announce the completion of construction of the Brown Hand Center in Bedford, Texas. The 15,000 square-foot facility is located on Airport Freeway in the heart of the Dallas/Fort Worth Metroplex. The state of the art building is comprised of a 10,000 square foot ambulatory surgery center and a 5,000 square foot clinic. The Goddard School, Austin, Texas Veritas Medical Properties is pleased to announce the completion of construction of the Goddard School in Austin, Texas. This 8,000 square-foot school is dedicated to early childhood development. Goddard School buildings are custom designed and planned to provide safe, healthy, and stimulating environments for children from six weeks to six-years-old. Two separate playgrounds are designed to challenge and delight each age group.