
Development
Davis stands as a recognized market leader in healthcare real estate development, serving as a trusted partner for health systems and physician groups across the U.S.
With over 100 years of combined experience, the Davis Principal team has successfully completed more than 2 million square feet of Class A healthcare building developments, with transactions exceeding $1 billion. This achievement stems from our comprehensive development platform, which encompasses in-house architectural design, financing, leasing, and property management. Our extensive expertise in healthcare real estate enables us to manage every phase of the process, from initial concept design through construction to final space delivery. We foster an open and collaborative development approach, engaging all stakeholders to ensure the best possible outcomes for our clients’ current and future needs. Our commitment to delivering top-quality facilities and exceeding expectations, down to the finest details, sets us apart in the healthcare sector.
With 66 owned or managed outpatient medical buildings across 12 states and an Executive Management Team averaging over 30 years of experience, Davis possesses the scale, insight, and expertise to turn any vision into reality.
Davis offers both full development and fee development services, including:
- Site selection and acquisition
- Pre-development budget preparation
- Financial analysis
- Architectural and contractor selection
- Vendor contract negotiation
- Financing and governmental approvals
- Program management for inpatient and outpatient services, structured and underground parking, and skyways
- Capital alignment through traditional equity and joint ventures
In partnership with St. Paul Eye Clinic and Midwest Ear, Nose and Throat Specialists, Davis developed the Eagan Specialty Center, a Class A medical facility spanning 36,100 SF on 4.4 acres. This center offers enhanced patient convenience for surgical services at a fraction of the cost, bringing essential healthcare services to convenient locations within the communities they serve.
Award-Winning Healthcare Real Estate Developments
FINANCE & cOMMERCE tOP pROJECTS
The Finance & Commerce Top Projects Award is a premier annual recognition program honoring outstanding achievements in Minnesota’s built environment.
Midwest ENT – Lakeville – 2025
Lakeville Specialty Center – 2023
610 Medical – 2022
Xchange Medical – 2021
CREDA mINNESOTA Awards of Excellence
The CREDA (fka NAIOP) Minnesota Awards of Excellence program recognizes exceptional developments by CREDA members.
Wayzata Specialty Center – 2023
Xchange Medical – 2022
M Health Fairview – 2018
Minnetonka Medical Center – 2015
Crystal Medical Center – 2013
Healthcare Real Estate Insights aWARDS
The HREI Insights Award is an annual awards program that recognizes excellence in healthcare real estate developments nationwide.
610 Medical – 2023
Xchange Medical – 2022
CityPlace Medical II – 2020
M Health Fairview – 2017