Phoenix-based healthcare real estate firm expands during first year after merger. New asset management tool developed in response to economic needs of medical community clients.
Phoenix, Arizona (PRWEB) November 8, 2009 -- Ensemble DevMan of Arizona recently celebrated both its one-year anniversary and a significant expansion of its local service portfolio, despite uncertainty in the commercial real estate and healthcare market sectors.
Representing the partnership of Ensemble Real Estate and DevMan Company , Ensemble DevMan provides a broad-based healthcare real estate services platform that was designed to leverage the best of both companies. The two firms merged in November 2008.
One year later, the company's managing partners are celebrating a productive relationship that has led to several successes; some planned and some unexpected.
"Just six months after the merger we were asked to substantially expand our service base with KRW's portfolio in Sun City West and Surprise," said Bill Molloy, an Ensemble DevMan managing partner. The company added property management, asset management and leasing responsibilities for 709,026 square feet in 19 buildings.
"The growth of our service portfolio was just as we anticipated," Molloy said, adding that the firm also finished construction on two new medical office buildings, one in Phoenix and one in Auburn, Washington. In addition, a planned expansion in Kingwood, Texas (a Houston suburb) recently broke ground.
Other changes were unexpected but equally productive, according to Randy McGrane, an Ensemble DevMan managing partner.
"Our new Total Engagement Asset Management platform (TEAM) grew out of the needs of our clients during the current economic crisis," he said. "We were better able to read the market and pro-actively adapt because of the combined strength of our relationships with hospital systems and their physician employees."
Success hasn't come without its share of growing pains, and the company has initiated several changes to accommodate its new size. These include an expansion of its secure tenant web site and web-based work order systems, an enterprise-level upgrade to the firm's accounting software and implementation of a company-wide document management system.
"Our goal remains to serve our clients in the most cost and time-efficient manner," Molloy said. "We strive to stay ahead of the curve - both philosophically and technologically speaking."
His partners think the timing couldn't have been better.
"We are still fighting every day to provide successful real estate solutions to the healthcare community," McGrane said. "Thanks to our growth, we are now fighting stronger."
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