One of us structures deals. One of us sees patients.
Medre exists because its founders kept watching doctors lease offices when they wished they could buy.
Erika and Steve Christiansen have been investing in real estate since 2009: Erika holds the broker's license, and Steve holds the same investor's judgment plus the operating instincts of someone who actually runs a practice.
Erika is a licensed Colorado commercial real estate broker. She spends her time structuring deals, running market analyses, and has seen practice owners sign leases that worked against them, because the alternative was debt they weren't ready for.
Steve Christiansen, MD, is a practicing retina specialist running a multi-location practice in Colorado. He is an investor with the same seventeen years in real estate, plus the part no brokerage can supply. He has signed the leases, purchased the offices, and built a successful practice.
Medre is the structure they built together at their own kitchen table. When they made the decision to start the practice, they recognized the potential of real estate to create long-term wealth, purchasing their first office suite in 2021 with the practice as the tenant, and continued to do so for two additional office locations. Active in the startup ophthalmology practice space, Steve frequently advises friends and colleagues on starting their own practices, and encourages colleagues to buy instead of rent; Erika has helped provide suggestions for office spaces they might buy. With limited capital, these colleagues often choose to lease instead of buy, and end up growing a successful practice in an office they don't own, becoming handcuffed into staying in the space for 10 or 20 years - missing out on decades of rent growth, real estate appreciation, and the tax-advantages of real estate ownership.
Medre was born to combine Steve's experience as a doctor busy growing a multi-location ophthalmology practice with Erika's experience as a real estate broker, to help other startup doctors find their long-term practice location, keep their capital in the practice through its highest-growth years, and control when they become owners.
We're a young company. Here's why that's your advantage.
We are a small company that underwrites like a large one. Every acquisition passes the same discipline before we commit: lender-grade underwriting, an occupancy analysis against the practice's own economics, and investment committee review on a standard that doesn't bend for any single deal. Being early means three specific things for the first practices we work with. You deal directly with the founders on every deal, start to finish. We are selective, because our first buildings and first tenants define this company. And your deal gets structured for your situation, not run through a template built for assets under management.
We are not backed by private equity. We fund your office purchase with our own savings, and if our savings aren't enough, we will reach out to friends and family, but not to a private equity fund.
Our incentives, on the table.
We earn in three places, and every one is in writing before you sign: the Exclusive Purchase Option Fee, the price of holding the building's future for you alone; a small premium on your rent, the carrying cost of that option; and a purchase premium above appraised value if you buy, one that declines the longer you lease. When practices choose not to buy, we keep good medical buildings instead. Both outcomes work for us, which is exactly why we can hand you a real option instead of a teaser. We're not betting against you exercising it, and we're not a landlord hoping you stay stuck. This is a long-term ownership partnership: your practice succeeding is what makes the whole structure work, for you and for us.