Davis

What Davis does

Davis is a private, Minneapolis-based healthcare real estate services firm operating exclusively in the medical real estate vertical across development, acquisitions, brokerage, property management, and strategic planning. The firm serves three primary customer segments: hospital systems and health networks (e.g., MHealth Fairview, Allina Health, North Memorial, InterMed), independent physician practices seeking ownership or lease of clinical space (e.g., St. Paul Eye Clinic, Midwest ENT, Noran Neurological, MNGI Digestive Health), and institutional investors and REITs (e.g., Healthpeak, Physicians Realty Trust, Healthcare Realty) participating in the firm's Davis Medical Investors (DMI) Fund. Davis's operating platform spans 66 owned or managed outpatient medical buildings across 12 states totaling 3 million square feet, with 278 tenants under management.

Underlying capabilities include an in-house architectural and construction coordination stack (leveraging long-term partners such as Synergy Architecture Studio and Timco Construction), a proprietary analytics layer combining Environics, Claritas, and internal clinic data for patient and demographic analysis, and integrated financing through the Davis Medical Investors Fund ($320M AUM across 865,000 SF in 8 states) plus a $250M Capital One credit facility. The firm has completed over 2 million square feet of Class A healthcare building developments with cumulative transactions exceeding $1 billion.

The business model combines professional services fees (development, brokerage, strategic planning) with managed services revenue (property and asset management on owned and third-party managed MOBs) and investment management economics (DMI Fund asset management, acquisition, and joint venture fees). Go-to-market is principal-led enterprise sales targeting healthcare C-suite and real estate decision-makers; pricing is engagement-based and not publicly disclosed, with quoted development economics in the $35–$40/SF NNN range and surgical space exceeding $40/SF NNN in the Minneapolis market. Geographic reach is anchored in the Upper Midwest with national extension through offices in New York, Phoenix, and Bismarck.

Name

Davis

Legal name

Davis Real Estate Services Group, LLC

Website

https://davishre.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

51–100 employees

Short description

Davis is a Minneapolis-based, healthcare-exclusive real estate firm providing development, acquisitions, brokerage, property management, and strategic planning services across 12 states, managing 3 million square feet and a $320 million investment fund for health systems, physician groups, and institutional investors.

Ownership category

akta.pro rank

Product category

Healthcare Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Healthcare & Medical Office Property Management (BPAJAGAF)

akta.pro secondary industries

Healthcare & Medical Office Brokerage (BPAJABAF), Healthcare & Medical Office Tenant Representation (BPAJALAF)

Keywords

• Healthcare real estate services
• Medical office development
• Healthcare property management
• Medical office brokerage
• Healthcare real estate investments

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Healthcare Real Estate Development: Full development and fee development services for medical office buildings and healthcare facilities. Includes site selection, pre-development budgeting, financial analysis, architectural coordination, vendor negotiation, financing, and program management. Over 2 million SF of Class A healthcare building developments completed with transactions exceeding $1 billion.
2. Property Management: Award-winning property management services for medical office buildings including portfolio administration, facility and operational management, project management, financial accounting and reporting, and landlord representation.
3. Healthcare Brokerage: Brokerage services for landlords, tenants, and investors including landlord representation, tenant representation, lease negotiations, market analysis, and portfolio optimization.
4. Investment Acquisitions: Strategic acquisitions of outpatient medical facilities through Davis Medical Investors (DMI) fund. Currently has over $320 million in AUM spanning 865,000 SF across 8 states. Offers traditional equity, pro-rata fund investment, and joint venture structures.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Davis is a healthcare real estate services firm providing end-to-end solutions exclusively for the medical sector. The company delivers site selection, development, acquisitions, brokerage, property management, and strategic planning for hospitals, health systems, independent physician groups, and institutional investors. It also operates the Davis Medical Investors (DMI) fund, holding over $320 million in healthcare real estate assets under management across 8 states.

Product overview

Davis is a healthcare real estate firm providing a comprehensive suite of services including Development, Acquisitions, Brokerage, Property Management, and Healthcare Real Estate Strategic Planning. The company operates a proprietary Davis Medical Investors (DMI) Fund with over $320 million in assets under management. Davis has completed over 2 million square feet of Class A healthcare building developments with transactions exceeding $1 billion, managing 66 outpatient medical buildings across 12 states totaling 3 million square feet.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Real Estate Development Full-service healthcare real estate development for medical office buildings and outpatient facilities, including site selection, pre-development budgeting, financial analysis, architectural and contractor selection, vendor negotiation, financing, governmental approvals, and program management.
• Healthcare Real Estate Acquisitions Strategic acquisition of outpatient medical facilities targeting areas critical to sustainable tenant growth, with comprehensive market research, financial modeling, and due diligence for landlord and investor clients.
• Healthcare Brokerage Healthcare property brokerage services including landlord representation, tenant representation, property valuation, investment advisory, lease negotiations, market analysis, and portfolio optimization for medical office buildings.
• Healthcare Property Management Property management services for healthcare facilities including portfolio administration, facility and operational management, project management, financial accounting and reporting, and landlord representation and leasing.
• Healthcare Real Estate Strategic Planning Strategic planning consulting including patient and demographic studies, real estate portfolio assessment, new market identification, and site identification and securing using proprietary Environics and Claritas data analytics.
• Davis Medical Investors (DMI) Fund Healthcare real estate investment fund with over $320 million in Assets Under Management spanning 865,000 square feet across 8 states, focusing on outpatient medical facilities through traditional equity, pro-rata fund investment, and joint venture structures.

Quantifiable outcome

• Over 2 million SF of Class A healthcare building developments completed
• +4 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Synergy Architecture StudiocoreStrategic or Co-development PartnerLong-term architectural partner for healthcare design projects. Collaborated on multiple developments including the first Ambulatory Outpatient Cardiovascular Surgery Center in Minnesota with Allina Health and SCA Health, as well as CityPlace Medical, Lakeville Specialty Center, and other projects. Synergy provides healthcare-specific architectural design services integrated with Davis development process.
• Timco ConstructioncoreStrategic or Co-development PartnerConstruction partner for healthcare development projects. Partnered with Davis on CityPlace Medical project in Woodbury, delivering 50,607 SF Class A medical center on aggressive 8-month timeline through coordinated efforts with Synergy Architecture Studio and the City of Woodbury.
• Cookie CartminorGTM or Marketing PartnerCommunity partnership with Minneapolis nonprofit that provides youth employment through baking. Davis partners with Cookie Cart for tenant appreciation events, including Valentine's Day events where teens baked approximately 1,500 cookies distributed across 13 Davis properties.
• The Dunham GroupChannel Partner/ Reseller/ DistributorCommercial real estate brokerage representing InterMed in Portland, Maine lease expansion transaction. Katie Breggia and Tom Moulton represented the tenant in the 102,557 SF expansion.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Anchor Health Properties: Healthcare-focused real estate services firm providing development, acquisition, and property management exclusively for medical office, outpatient, and specialty facilities. Closest comparable in business model, asset class focus, and client base (health systems and physician groups).
• Realty Trust Group: Healthcare-specialized real estate advisory and management firm providing brokerage, development, and property management for medical facilities. Comparable mid-sized, healthcare-exclusive platform competing for similar health system clients.
• NexCore Group: National healthcare real estate development and investment firm specializing in MOBs, ambulatory care, and specialty hospitals. Comparable in development-led, healthcare-exclusive positioning and integrated acquisition/ownership platform.
• Hammes Partners: Healthcare-focused real estate consultancy and developer with strategy, development, and asset management services for health systems. Similar integrated service mix and exclusive healthcare vertical focus.

Broad incumbents

• Healthcare Realty Trust: Public REIT focused exclusively on medical office buildings, and listed Davis client. Represents the institutional capital pool that competes with - and partners with - Davis's DMI fund for outpatient MOB acquisitions.
• Welltower: Largest U.S. healthcare REIT (seniors housing, outpatient medical, post-acute). Sets institutional pricing benchmarks for the MOB sector in which Davis operates and deploys DMI capital.
• Cushman & Wakefield Healthcare: Global real estate services firm with a healthcare advisory practice. Competes with Davis on brokerage and strategic planning for mid-size health systems; multiple Davis alumni come from C&W, highlighting direct talent and client overlap.
• CBRE Healthcare: Global commercial real estate services firm with a dedicated healthcare practice spanning investment sales, valuation, and property management. Overlaps with Davis's brokerage and investment sales services but as part of a much broader, non-specialized platform.
• JLL Healthcare: Global real estate services firm with a healthcare real estate practice covering capital markets, brokerage, and facilities management. Competes with Davis for large health system mandates but without the exclusive healthcare-only focus.
• Healthpeak Properties: Public healthcare-focused REIT (lab/outpatient/MOB) and existing Davis client. Not a service peer but a major capital allocator and potential counterparty on acquisition, sale-leaseback, and development joint ventures.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/davishre
• YouTubeyoutube.com/@davis_hre
• Facebookfacebook.com/davishre
• LinkedInlinkedin.com/company/davishre/mycompany
• Instagraminstagram.com/davis.hre

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Davis