Corporate Profile for Paramount Medical Real Estate Management, dated Aug. 29, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Aug. 29, 1997
Company Name: Paramount Medical Real Estate Management
Address: 1500 Corporate Center Way, Suite No. 104
West Palm Beach, FL 33414
Main Telephone
Number: 561/798-9400
Internet Home
Page Address
(URL) HYunes@AOL.COM
Chief Executive
Officer: Hank Yunes
Investor Relations
Contact: Jonathan Satter
Business number: 561/798-9400
Public Relations
Contact: Kate Hahn
Business number: 561/798-9400
Industry: Real Estate Property Management
Company description: Paramount Paramount (pâr`əmount'), city (1990 pop. 47,669), Los Angeles co., S Calif.; inc. 1957. Originally a dairy region, it has become highly industrialized since the 1950s. is one of the nation's leading property management companies specializing in the management and leasing of medical office facilities. Our services include: -- Financial reporting and accounting systems -- Physical property management -- Asset Management -- Leasing and marketing -- Asset conversion programs -- Financing and real estate brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. services Paramount currently has over 2 million square feet of space under contract, including medical office buildings located on hospital campuses of most of the leading for-profit for-prof·it adj. Established or operated with the intention of making a profit: a for-profit organization. and not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. health care providers. At Paramount we realize that the management of medical real estate in today's highly complex economic environment is a very challenging business. We meet the challenge in an innovative yet simple manner. A hands-on hands-on adj. Involving active participation; applied, as opposed to theoretical: "We're involved in hands-on operations, pulling levers, pushing buttons" Arthur R. Taylor. approach with close attention to detail. Paramount understands the demands of both real estate owners and hospital administrators in today's rapidly changing health care environment. Therefore, we are able to customize a property management plan to meet our client's needs. Paramount has the proven ability to operate properties efficiently and effectively and can provide a number of benefits including: -- Professional property and asset management which will improve operating efficiencies and will result in an increase in property value -- Timely, comprehensive and accurate financial reporting -- Implementation of physical plant procedures and controls which will reduce maintenance costs and prolong pro·long tr.v. pro·longed, pro·long·ing, pro·longs 1. To lengthen in duration; protract. 2. To lengthen in extent. the life of capital improvements -- Develop leasing and marketing programs which will lease properties to full occupancy Gaining or having physical possession of real property subject to, or in the absence of, legal right or title. In a fire insurance policy, for example, the term occupancy Paramount also offers a number of different asset conversion programs that enable our clients to convert their real estate assets into cash while retaining absolute control of their long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. use. -0- NOTE TO EDITORS: In the Internet/email address noted in this news release, there is an "at" symbol between HYunes and AOL.COM America Online's Internet domain address. When sending e-mail to an AOL subscriber via the Internet, the aol.com is the last part of the address; for example: jjones@aol.com. . This symbol may not appear properly in some systems. CONTACT: Paramount Medical Real Estate Management, 561/798-9400 |
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