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NexCore Group Opens Chicago Office Recruits New Hires
Date:1/23/2008

MEDICAL OFFICE DEVELOPER GROWS TO MEET MARKET DEMAND

DENVER and CHICAGO, Jan. 23 /PRNewswire/ -- NexCore Group (http://www.nexcorehealthcare.com), a leading healthcare real estate developer, opened a regional office in Chicago, Illinois. To support its rapid growth in 2008, NexCore hired seasoned healthcare real estate executives William Maggard in its Chicago office and Mervyn Alphonso in its Baltimore office.

NexCore Group brings hospitals, healthcare systems and physicians high value healthcare real estate solutions that integrate and enhance medical practice business plans.

"Our Chicago office offers all the valuable and creative healthcare real estate solutions that NexCore is known for," said NexCore president and CEO Greg Venn.

The Chicago and Baltimore offices are part of the company's strategic expansion to provide greater support for NexCore clients in planning, developing, and financing healthcare facilities nationwide.

"NexCore represents the right kind of player for the new world of ambulatory healthcare real estate -- one that enables physicians and healthcare systems to serve patients profitably and effectively," said NexCore managing director Bill Maggard.

NexCore managing director Mervyn Alphonso explains: "NexCore focuses on real estate solutions that integrate business strategy and clinical service delivery to increase physician practice efficiency."

Mr. Maggard and Mr. Alphonso bring extensive national healthcare real estate experience from industry leaders including Hammes Company, Jones Lang LaSalle, and Duke Realty Investments.

Adds Venn: "With a growing portfolio of healthcare real estate, NexCore's expansion and recruitment of top talent reinforces our commitment to increasing healthcare systems and providers' market share and improving their bottom line."

NexCore acquired and developed over $200 million of assets in 2007 including: Potomac Medical Plaza at The Medical Center of Aurora (TMCA HealthONE), Aurora, CO; two Memorial Healthcare System Medical Office Buildings (MOBs), Colorado Springs, CO; Broadway MOB at Saint Luke's Hospital, Kansas City, MO; AETNA/SRC Headquarters, Columbia, SC; three NorthBay Healthcare MOBs, Vacaville and Fairfield, CA., Green Valley Ranch MOB, Aurora, CO, and Holy Family Hospital MOB, Spokane, WA.

About NexCore Group

NexCore Group delivers comprehensive healthcare real estate solutions for hospitals, healthcare systems and physician partners across the U.S. NexCore and its principals have developed and acquired over 4.7 million square-feet of facilities and currently own and manage 1.4 million square-feet of healthcare and commercial real estate. NexCore is headquartered in Denver, with offices in Chicago and Baltimore.

Contact: Angela Barbosa, angela.barbosa@nexcoregroup.com, 303-244-0709.


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SOURCE NexCore Group
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