The Real Estate Group represents the Denver metropolitan area’s largest hospital company in all of its real estate transactions.  Recent transactions include the development of four medical office buildings on its campuses and acquisition of future development sites.  For example, in a recent medical office building transaction, we created and negotiated the development agreement with a national medical office REIT for a 68,000 square foot building, the long-term ground lease for the building footprint, easements for access and infrastructure, and use restrictions to ensure that the building would serve the hospital’s long-term needs.  The Real Estate Group also drafted and negotiated a master lease to support the developer’s financing of the project.  In a 2005 year-end transaction, we represented the hospital company in the sale to a national healthcare REIT of six medical office buildings, each of which was owned by a separate limited partnership or other entity which included third parties.  The sale was closed simultaneously with a parallel transaction undertaken by another party owning interests in the buildings, using tax-free exchanges for some of the buildings and some of the owners, including our client.  The Real Estate Group directed the transaction and together with members of the firm’s Tax Group, devised the strategy necessary to obtain the client’s desired result.