Phoenix-based FastMedUrgent Care is planning to upgrade its portfolio. Theurgent care provider has partnered with CBRE toacquire new real estate for medical clinics as well as monitorleases and manage maintenance and renovations to clinicmaintenance.

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"FastMed is continually identifying new areas in which todeliver high-quality care," Web Golinkin, CEO ofFastMed Urgent Care, tells GlobeSt.com. "CBRE is an excellent fitfor this partnership as they are a leader in site selection andhave the sophisticated tools to identify markets based on lifestylepatterns and demand for improved access to healthcare, which willposition FastMed for patient-centered growth. With the growingdemand for convenient and affordable healthcare, FastMed iswell-positioned to increase accessibility to high-quality care withan expanded retail footprint, especially hybrid familymedicine-urgent care locations to fulfill community needs."

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For new real estate acquisitions, FastMed is targeting Arizona,Texas and North Carolina. "Through this partnership, we are lookingto expand where there is a need for care," says Golinkin. "We arefocused on markets that have the lowest penetration and highestdemand. Ultimately, this partnership will translate to improvingthe patient experience with existing and new clinics located nearerto their lifestyle patterns, superior facility design andmaintenance, and reducing operating expenses to enable valuableinvestment back into the business."

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CBRE was an ideal partner to guide the firm through thesechanges to its real estate portfolio. "With 109 existing clinics inthree states and ambitious growth plans, FastMed sought a strongreal estate partner to help us with site selection, leasenegotiation, and clinic construction and maintenance," sayGolinkin. "They have a reliable reputation within the commercialreal estate space and because of the company's successes, webelieve they are the best fit for our long-term goals. Bypartnering with CRBE, FastMed can cast a wide net of retail space,not only allowing us to secure high-potential locations for newclinics but also optimize leases and manage clinic maintenance andupgrades at existing facilities."

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The firm will focus on this strategic plan through 2020."FastMed's goal for 2020 is to build a robust site selection modeland identify new opportunities to provide the best end-to-endhealthcare experience in terms of quality, accessibility,affordability, and compassion," says Golinkin. "While FastMed isslated to grow within various markets, no additional details forfuture locations have been announced at this time."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.