RTG facilitated the formation and syndication of Harbin Properties, a physician partnership formed to own the medical office properties utilized by Harbin Clinic, one of the largest independent multi-specialty practices in the state of Georgia. RTG assisted in the capitalization of the partnership via a private placement memorandum, developed financial operating budgets and recommended a long-term financing solution. Today, over 100 physicians are invested in the partnership.
Since its formation, RTG has assisted Harbin Properties in the development of six (6) medical office projects totaling over 270,000 square feet, including the 60,000 square foot Harbin Cancer Center (pictured) on the campus of Floyd Medical Center in Rome, GA. RTG provides on-going portfolio management and executive support services to Harbin, as well as property management services for the Cancer Center facility.
In 2012, RTG advised Harbin in a monetization initiative resulting in a 333,581 square foot, $88.8 million transaction. RTG introduced Harbin to the buyer, a publicly-traded REIT, and served as the exclusive advisor on the transaction.