At SHG we use a three-phased approach to assure a smooth, timely and efficient development project. These phases: Feasibility, Marketing & Development and Construction are further described below.

Phase I - Feasibility

A Demand and Market Analysis, which includes:

• Development of architectural concepts, site plan, floor plan, and sketches
• Cost estimates for site improvements, building and tenant suite improvements
• Equity and mortgage requirements, base rents, and projected operating costs
• Development of marketing materials and conducting physician interviews
• Analysis of competitive medical buildings, lease rates, and services
• Concluding recommendations for building location, size, costs, and rental rates

Phase II - Marketing & Development

SHG proceeds to undertake the following activities without cost to the hospital or physician partners:

• Direct project architect on the design of the shell and core of the building
• Initiate leasing to targeted practices. As leases are executed, direct the project architect to custom design tenant suites and provide the tenant/architect with design criteria and quality material selections
• Provide equity requirements (by SHG) and obtain construction and permanent financing as required
• Supervise project architect on completing construction documents for the building shell and core
• Obtain building permits

Phase III - Construction

During the construction phase, SHG provides the following:

• Continued marketing of available space in the building
• Oversight of the General Contractor on site and building shell construction
• Oversight of the project architect as architectural and engineering drawings for tenant suites are initiated
• Obtain tenant approval of suite plans and specifications
• Supervise building shell and tenant suite construction
• Obtain occupancy permits
• Coordinate tenant's relocation to the new building