Physician Ownership

Offering a physician the opportunity to participate in the ownership of a project is an important markerting strategy.  Ownership by the physician provides occupancy stability by financially tying him/her to the campus.  Even if ownership is offered to the physician tenants, it would not be a requirement for the physician to participate in the ownership in order to occupy space in the building - they can choose to only lease space.  Additionally, the physician tenants will be offered the opportunity to participate at a minimal investment level rather than a level equal to their pro rata share of square feet if desired.

When Lillibridge partners with physicians, the physician liability is limited to lease obligations and equity commitment ... no loan guarantees or other risks of ownership.  Lease-up risk is borne by the owning entity.  Physician participation will be "pari passu" with Lillibridge ... no preferred returns and no promoted interests.