Continuing an existing relationship with West Tennessee Healthcare, Realty Trust Group (RTG) has expanded its scope of services to the not-for-profit healthcare system to include property management and property accounting for its 1.2 million-square-foot real estate portfolio of nearly 100 non-hospital facilities, including medical office buildings, clinics, and administrative buildings.
“We are very appreciative of our continued relationship with West Tennessee Healthcare and its leadership team’s continued trust in RTG to manage their growing real estate portfolio. We believe that we can provide substantial value and cost savings for years to come,” said Chad Simpson, RTG executive vice president. “We have enjoyed working with their staff and value those relationships across the organization. We are proud to work alongside them to support the delivery of high-quality healthcare services to the residents of West Tennessee.”
Based in Jackson, TN, West Tennessee Healthcare’s geographic service area includes more than half a million people in 19 counties throughout western Tennessee and eastern Missouri. The health system is one of the largest employers in the region, with more than 130 healthcare providers and over 7,000 employees across seven hospitals.
RTG’s Nashville office will oversee the day-to-day property management operations, with additional support from RTG’s corporate services team providing property accounting services for the portfolio. RTG will also continue to provide ongoing lease administration, transaction support, project management, advisory and special projects support services across the portfolio.
For more information, see the Realty Trust Group website. The firm provides innovative solutions to hospitals, physician groups, and property owners including strategic campus and facility planning, portfolio optimization, portfolio monetization, project development, leasing, acquisition and disposition services, portfolio management, regulatory compliance and more.