Meanwhile, the opportunity for physicians involves actuallybuying into the property itself as well as leasing space in a newbuilding. "Basically, MHHS will act as a general partner, withphysicians having the opportunity to purchase equity in thebuilding and to participate as limited partners," says KristinSwearingen Johnson, a TCC associate in Houston who's leasing theproject.

This is not the first time that TCC and MHHS have joined forcesto offer an equity opportunity to physicians: MHHS Woodlands has asimilar equity structure. "The offer is still going strong there,"Swearingen Johnson says.

Swearingen Johnson says it's too early to determine howsuccessful the equity project will be in Southwest Houston. "We'retalking with some physicians now about the current property," shesays. "It's a good opportunity for everyone. Physicians have theopportunity to offset their occupancy costs and to own a piece ofthe place where they work." The local firms of Morris Architects isthe designer; and D.E. Harvey Builders is the generalcontractor.

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