Hammes

What Hammes does

Hammes is a privately held, healthcare-focused real estate firm headquartered in Milwaukee, Wisconsin, founded by Jon Hammes in 1991 (with Hammes Healthcare launched in 1993). The firm operates through four integrated business units: Hammes Healthcare (consulting, project management, operational readiness, and development services), Hammes Partners (a healthcare real estate investment platform active since 2001), Hammes Realty Services (property management, accounting, and leasing across 24 states), and Hammes Commercial (commercial, mixed-use, and sports real estate development). Hammes has managed more than 87 million square feet of healthcare projects valued at over $27 billion for hospitals and health systems nationwide, including multi-decade anchor relationships with clients such as Aurora Health Care (135 facilities, 5M GSF, $1B over 18 years) and OhioHealth (30+ projects, 2M+ GSF).

The firm's core technology and product surface spans advisory, owner-representation/project management, development, and post-occupancy operational readiness services. Its named proprietary software product is Hammes Precision®, a predictive location analytics tool developed in partnership with Kalibrate (using the SiteIntel engine), which processes healthcare use rates, demographics, consumer behavior, and specialty physician need data to support ambulatory network strategy, site selection, and volume projections (SOC II Type 2 certified). The platform is vertically integrated, with investment capital from Hammes Partners available to support both new development and asset monetization for healthcare clients.

Hammes generates revenue primarily through professional services (consulting, project management, and development fees) and managed services (property management, leasing, and investment management fees). The go-to-market is enterprise B2B and consultative: senior leaders including President Nancy Connolly and regional vice presidents engage directly with CEOs, boards, and capital committees of national and regional health systems, academic medical centers, children's hospitals, community hospitals, and physician groups. Pricing is project-specific and quote-based, reflecting complex, multi-year capital engagements rather than transactional sales. The firm is founder/family-controlled with no disclosed outside investors.

Name

Hammes

Legal name

Hammes Company

Website

https://hammes.com

Company type

Private

Founded year

1991

Operating status

Operating

Short description

Hammes is a privately held, Milwaukee-based healthcare real estate firm providing consulting, development, investment (via Hammes Partners), and property management services to national and regional health systems, academic medical centers, and physician groups across the United States.

Ownership category

akta.pro rank

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Real Estate Consulting & Advisory: Professional services revenue from strategic consulting, market strategy, facility planning, master facility planning, and real estate optimization for healthcare organizations.
2. Healthcare Project Management: Owner representation and program/project management services for healthcare construction and development projects.
3. Healthcare Development: Full-service development partner revenue from planning, building and financing healthcare environments. Includes development fees and potentially co-investment alongside Hammes Partners.
4. Property Management & Leasing: Property management, accounting and leasing services for healthcare and commercial facilities. Hammes Realty Services provides these services across 24 states.
5. Healthcare Real Estate Investment: Hammes Partners invests in healthcare real estate on behalf of institutional and high net worth investors, using capital to support healthcare providers' strategic initiatives including development of new facilities and monetization of existing assets.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Hammes is a vertically integrated healthcare real estate solutions platform providing consulting, project management, development, investment, and property management services to hospitals and health systems nationally. Its core operations span four interconnected service lines: Hammes Healthcare (advisory, project management, operational readiness and development), Hammes Partners (healthcare real estate investment), Hammes Realty Services (property management, accounting and leasing across 24 states), and Hammes Commercial (commercial, mixed-use and sports real estate development).

Product overview

Hammes operates as a vertically integrated real estate solutions platform offering multiple interconnected service lines. The core offerings include Hammes Healthcare (consulting and development services), Hammes Partners (investment platform), Hammes Realty Services (property management), and Hammes Commercial (commercial development). A key technology product is Hammes Precision®, a proprietary analytics software tool that complements the advisory services by providing predictive location analytics for market strategy decisions. The platform is unified by the company's healthcare industry expertise, with services designed to work together—from strategic advisory through development to property management.

Differentiator

Problem solved

Functional benefit

Brands

• Hammes Precision®: Proprietary real estate and retail analytics software tool designed to help healthcare providers strengthen and refine their ambulatory strategy and overall market position, using data sets including local market healthcare use rates, demographics, consumer behavior, and specialty-based need for physicians.

Products and services

• Hammes Healthcare (Consulting & Project Delivery) Vertically integrated healthcare real estate consulting and development division providing real estate and market strategy, facility planning, project management and development services to health systems, academic medical centers, children's hospitals, community hospitals and physician groups.
• Hammes Partners (Real Estate Investment) Relationship-oriented investment platform dedicated exclusively to U.S. healthcare real estate, deploying capital to support healthcare providers' strategic initiatives including development of new facilities and monetization of existing assets on behalf of institutional and high net worth investors.
• Hammes Realty Services (Property Management) Property management, accounting and leasing services providing best-in-class local oversight of healthcare and commercial facilities across 24 states.
• Hammes Commercial (Commercial Development) Commercial, mixed-use and sports real estate development services and investment, partnering with public and private entities, universities and professional sports organizations on master planning and development projects in complex environments nationwide.
• Healthcare Advisory Services Strategic, market, real estate, and facility consulting services for healthcare organizations, including ambulatory network planning, master facility and campus planning, capital project planning and feasibility, and real estate optimization.
• Healthcare Project Management Project management services for complex healthcare facility projects including new construction, expansion, renovation, replacement, ambulatory care, and acute care projects, including Owner's Representation/Program Management, Staff Augmentation, and PMO Consulting.
• Operational Readiness & Transition Planning Service that bridges the gap from facility readiness to operational readiness, ensuring healthcare organizations are operationally poised to receive and serve patients upon opening new or renovated facilities, led by former healthcare executives who develop and manage operational work plans.
• Healthcare Development Full-service healthcare real estate development capabilities including project feasibility, site selection, service line financial proforma, master planning, real estate feasibility, and investment capital through Hammes Partners.
• Hammes Precision® Proprietary real estate and retail analytics software tool that uses predictive location analytics to help healthcare providers strengthen and refine their ambulatory strategy and overall market position; calculates volume projections, visualizes available medical real estate, evaluates cannibalization from existing locations, and provides market share projections. SOC II Type 2 certified; built on Kalibrate's SiteIntel engine.

Quantifiable outcome

• 87 million square feet of healthcare projects managed valued at more than $27 billion
• +4 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature1 record

Partnerships

Four partnerships are on record, tiered core and major.

• Florida International University (FIU)coreStrategic or Co-development Partner · 27 May 2026Hammes serves as project manager for the Helen and Jacob Shaham Academic Medical Center in Miami, a seven-story academic medical center that will expand medical education, clinical training and research opportunities in South Florida. FIU selected Hammes because of the firm's specialized healthcare expertise and experience delivering complex academic medical and healthcare facilities nationwide.
• Baptist Health South FloridacoreStrategic or Co-development Partner · 27 May 2026Baptist Health South Florida is partnering with FIU for the Helen and Jacob Shaham Academic Medical Center. Baptist Health has served as a primary clinical training site for FIU medical students and the expanded collaboration will strengthen Baptist Health's role as a leading teaching hospital system.
• FoxconnmajorStrategic or Co-development PartnerFoxconn selected Hammes as master planner to lead planning of infrastructure and other development activities for its 3,000-acre Wisconn Valley Science and Technology Park (WVSTP) in Mount Pleasant, Wisconsin. The WVSTP aims to foster technology investment and scientific innovation in AI 8K+5G ecosystem development.
• KalibratecoreTechnology or IntegrationHammes Precision® was developed in partnership with Kalibrate, a leading predictive retail and location analytics company. Hammes Precision® utilizes Kalibrate's SiteIntel software engine with decades of validated methodologies across every market and a broad range of industries.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Anchor Health Properties: Healthcare-specialized real estate development, investment, and property management firm. Closely comparable to Hammes' vertically integrated healthcare real estate platform with a similar focus on outpatient medical office buildings and ambulatory facilities.
• Flagship Healthcare Properties: Healthcare-focused real estate firm specializing in medical office buildings, outpatient facilities, and ambulatory surgery centers with development, leasing, and property management services. Directly comparable niche focus and service mix to Hammes Healthcare.
• Rendina Healthcare Real Estate: Healthcare real estate development and investment firm focused on MOBs, ambulatory care, and specialty facilities. Comparable to Hammes' development and advisory capabilities within healthcare-specific real estate.
• MedProperties Holdings: Healthcare real estate investment and development firm focused on medical office buildings, outpatient facilities, and specialty surgical centers. Comparable niche positioning and integrated investment/development model to Hammes Partners.

Emerging players

• PM Group: International project management and construction services firm with growing healthcare and life sciences practice. Comparable in owner-representation and program management capabilities to Hammes' Healthcare Project Management service line.

Broad incumbents

• CBRE Group - Healthcare: World's largest commercial real estate services firm with a dedicated healthcare real estate practice covering advisory, capital markets, project management, and property management. Competes with Hammes on enterprise healthcare mandates, especially capital markets and property management.
• Colliers Project Leaders: Global project management and consulting firm with a dedicated healthcare practice serving health systems, hospitals, and life sciences clients. Comparable in owner-representation and program management services to Hammes' project management offering.
• Cushman & Wakefield - Healthcare: Global commercial real estate services firm with a healthcare practice spanning project management, advisory, valuation, and capital markets for hospitals, MOBs, and ambulatory facilities. Larger scale and broader portfolio than Hammes, with overlapping healthcare capabilities.
• Stantec (Healthcare): Global design and engineering firm with a dedicated healthcare practice providing architecture, planning, and project advisory for hospitals and health systems. Comparable in healthcare facility planning and master facility planning services to Hammes Healthcare's advisory offering.
• JLL (Jones Lang LaSalle) - Healthcare: Global commercial real estate services firm with a dedicated healthcare practice offering project management, capital markets, valuation, and advisory across healthcare systems. Larger and more diversified than Hammes, but competes for the same enterprise healthcare engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 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 Hammes