Challenge
After the successful construction of a 5,030 square foot medical office for Arthritis & Rheumatism Associates (ARA) in The Reserve at Hill Park, a 27-acre lifestyle-oriented office development in Jonesboro, AR, Haag Brown’s Medical Division sold the medical investment property to a long-time portfolio client as part of a 1031 tax exchange. In order to maximize the value of their new assets, the client sought a reliable management partner to ensure the facility operated smoothly.
Action
Haag Brown stepped in to provide comprehensive property management services for the state-of-the-art facility. This included overseeing all aspects of the property, such as rent collection, bill payments, and maintenance scheduling. The team implemented efficient systems to ensure that all operations ran seamlessly, allowing the client to focus on their investment strategy without the day-to-day concerns of property management.
The facility itself, designed with patient comfort in mind, features modern amenities including a large waiting area, an on-site lab and X-ray facility, and several exam and consultation rooms. Haag Brown maintained regular communication with ARA to ensure that their operational needs were met, creating a partnership built on trust and responsiveness.
Results
Under Haag Brown Medical Division’s management, the facility has thrived, becoming a cornerstone for ARA’s patient care efforts. The client benefits from consistent rental income and peace of mind, knowing that experienced professionals are managing their asset. The efficient management practices have not only enhanced the operational success of the medical office but also contributed to a positive environment for both staff and patients. This success story underscores Haag Brown’s commitment to delivering exceptional property management services, ensuring that both tenants and investors achieve their goals in the competitive medical real estate market.
Arthritis & Rheumatism Associates (ARA)
“I realized pretty quickly after speaking and visiting with them that they were good Christian men with a good moral foundation who had my best interests at heart.”
David Hodges, Haag Brown Commercial Investment Portfolio Client
