LEAWOOD, Kan., March 23, 2016 /PRNewswire/ -- Astoria Property Company emerged in January 2016, when private equity firm and owner Nueterra Capital announced that it had converted its long-standing, in-house real estate development group to function as a separate entity. Known previously as Nueterra Properties Group, Astoria represents an expansion of Nueterra Capital's work within the medical real estate market segment, targeting new entities in addition to its own managed healthcare facilities. The full-service real estate firm is focusing on creating partnerships with physicians, health systems and other professionals to own and develop healthcare facilities such as ambulatory surgery centers, hospitals and medical office buildings.
"Healthcare is changing very rapidly and so will healthcare facilities, and it's our goal to create wealth for our partners by building high-quality, high-value medical facilities," said John Foudray, CEO, Astoria Property Company. Looking ahead, Foudray believes that real estate trends in healthcare will move away from large, acute care hospitals and sprawling campuses. "Demand will be for smaller, specialized and cost-efficient facilities. We want to be a best in class provider of these facilities using innovative design and construction delivery methods."
Throughout its brand transition, Astoria has maintained a proven history of creating successful, specialized and cost-efficient facilities that improve healthcare delivery and outcomes and are profitable for investors and physician owners. Astoria will continue to offer all established services, but in addition is working closely with Nueterra Capital to leverage investment activity in healthcare facilities as a means of empowering the individuals and companies who are poised to drive change within the healthcare industry.
"Oftentimes, physicians or physician groups are looking at ways to stay independent by creating their own surgery center or other healthcare facility, or they may be looking at a way to partner with existing healthcare systems," said Foudray. "Astoria gives them a way to leverage their healthcare business into a real estate investment opportunity or gives them a way to get a facility built to suit their needs where they may not want to be an owner in the real estate. We can also offer a variety of ownership and management models uniquely structured for each project. "
Along with the company rebrand, Astoria Property Company has expanded its staff to include new members like Garman Freeman, whose history includes work on specialized healthcare projects like a cyclotron particle accelerator, used in cancer therapy. With a dynamic staff of development, construction, property management and finance experts, Astoria Property Company is able to deliver comprehensive service solutions that include market evaluations, site selection, construction cost and schedule management, financing, ownership structuring and more.
To learn more about Astoria Property Company, visit them online at www.AstoriaProperty.com.
About Astoria Property Company
Astoria Property Company is a full-service real estate firm committed to the design, development and management of quality ambulatory surgical centers, hospitals and medical office buildings. Because success in this facet of real estate development demands a broad scope of knowledge, Astoria leaders are proud to offer understanding of current financial environments, market-driven insight into potential site selections, vast experience in all aspects of design and construction, and a proven ability to work with local, state and national government entities. Partnering with the thought leaders and industry pioneers endeavoring to redefine and recreate U.S. healthcare, Astoria serves as their dedicated resource to develop and manage high-quality, high-value facilities and real estate assets, and frees them to focus on their core competencies and businesses.
About Nueterra Capital
Nueterra Capital is a private equity investment and advisory firm with an exclusive focus on healthcare. Leveraging a deep understanding of key industry drivers, Nueterra Capital invests in entrepreneurs with innovative minds, while providing professional expertise and back office resources to improve their bottom line performance and drive growth. Nueterra Capital has invested in hundreds of new ventures and continuously delivers the resources and strategic direction that allow our partners to advance and improve every aspect of healthcare.
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SOURCE Nueterra Capital