FREQUENTLY ASKED QUESTIONS
Questions we hear most.
Answers about New Era Companies, our investment platform, how we work with operators, and how the platform is structured.
For Investors
New Era Companies is a vertically integrated healthcare real estate and operations platform that develops and acquires post-acute hospitals, outpatient medical office and behavioral health hospitals in underserved markets, leveraging 17+ years of healthcare real estate expertise and deep operator relationships.
New Era’s offerings, including the NESI Fund, are open to accredited investors who are seeking access to healthcare-focused real estate and healthcare investment opportunities.
NESI Fund, LLC is New Era’s current investment vehicle, offered through New Era Capital Partners. The NESI Fund targets healthcare real estate developments and strategic acquisitions that seek to generate accretive returns and create value for the Fund’s portfolio. Through new, ground-up developments, NESI aims to capture growth in markets where demand is rising for higher-quality levels of care. For strategic acquisitions, NESI aims to target value-add assets with clear paths to improvement, where accretive yields can be achieved through strategic repositioning or repurposing buildings to meet the needs of tenants and the market.
New Era has built and financed healthcare real estate since 2009. The platform has delivered more than 30 projects, developed over $2B in historical projects by New Era Companies leadership, and is backed by over 1,000 active investors.
Healthcare real estate is anchored by long-term operators and patient demand that holds up across market cycles. People need care regardless of the economy. Facility types include inpatient rehabilitation facilities (IRF), medical office buildings (MOBs), behavioral health hospitals (BHH), and ambulatory surgical centers (ASC).
Most sponsors handle one piece of a deal and outsource the rest. New Era’s vertically integrated platform covers the full project cycle: capital formation, development, construction management, acquisitions, brokerage, asset management, and operations — under one accountable platform, so one sponsor stands behind the entire asset lifecycle.
Accredited investors can review fund details and current opportunities directly in the New Era investor portal, powered by Juniper Square.
For Operators
New Era finds sites, funds development, builds facilities, and owns the real estate for growing healthcare operators, so operators can put their capital and attention into care instead of construction and financing.
A programmatic relationship means a repeatable process for siting, funding, and delivering facilities across an entire growth plan — not a single one-off deal. That’s New Era’s strength: developing repeatable strategies to programmatically assist operators in scaling their platform.
Primarily PE-backed healthcare operators expanding across inpatient rehabilitation facilities (IRF), behavioral health hospitals (BHH), medical office buildings (MOB), and ambulatory surgical centers (ASC), who need a real estate partner that can move at the pace of their growth plan. Regardless of the platform type, New Era seeks to find synergistic ways to partner and develop deep relationships with operators as they expand their footprint in markets.
Inpatient rehabilitation facilities (IRF), medical office buildings (MOBs), behavioral health hospitals (BHHs), and ambulatory surgical centers (ASC) — all ground-up or existing-asset acquisitions, underwritten and delivered to the same standard.
Both. New Era Partners handles ground-up construction, while New Era Acquisitions identifies and underwrites existing healthcare real estate, giving operators a strategic partner that can grow with the needs of their platform.
Timelines vary by asset class and scope, but every project follows the same five-step process: site and underwriting, capital and structure, design and development, construction, and an operations-ready handoff. Typical construction timelines: 6–12 months for a MOB (acquisition/renovation), 12–18 months for a BHH, 16–20 months for a build-to-suit IRF, 12–18 months for an ASC.
A typical developer or REIT handles one part of the process and hands off the rest. New Era’s platform — capital, development, construction management, acquisitions, asset management, and brokerage — sits under one parent, so operators work with a single accountable partner end to end instead of coordinating multiple outside vendors.
For PE Platforms
Rather than a one-off developer relationship, New Era functions as an ongoing real estate arm of the platform — siting, funding, building, and owning facilities across every market the platform enters, for the life of the relationship rather than a single deal. New Era seeks to create strategic relationships with operators so both platforms scale simultaneously.
The Operators partnership supports a single healthcare operating company’s facility growth, while the PE Platforms relationship sits at the platform level, coordinating real estate strategy across a firm’s full portfolio and multi-market thesis.
Dedicated healthcare real estate capital raised and structured through New Era Capital Partners for the platform’s real estate pipeline. Each deal or facility has specific financing reserved for the project type and needs.
Yes. New Era works to pace with operators as they expand into markets, holding each facility to the same standard of diligence, delivery, and ownership — so operators don’t need a new real estate relationship every time they expand.
New Era owns what it builds. New Era seeks to develop programmatic deals that align with both the operator’s needs and the needs of the New Era platform, creating synergies most competitors are not able to offer.
Platforms can start by aligning on a growth thesis and target markets with the New Era team, who then structure dedicated capital and begin a repeatable delivery strategy market by market.
The New Era Platform
New Era Companies is a vertically integrated healthcare real estate and operations platform that develops and acquires post-acute hospitals, outpatient medical office and behavioral health hospitals in underserved markets, leveraging 17+ years of healthcare real estate expertise and deep operator relationships.
Inpatient rehabilitation facilities (IRF), medical office buildings (MOBs), behavioral health hospitals (BHHs), and ambulatory surgical centers (ASC) — all ground-up or existing-asset acquisitions, underwritten and delivered to the same standard.
New Era Capital Partners (raises and structures capital), NEP Realty (brokerage and transaction advisory), New Era Partners (ground-up construction), New Era Acquisitions (existing-asset acquisitions), New Era Asset Management (property and asset management services), and New Era Alternatives (the healthcare PE investing arm of New Era Companies) — six divisions under one parent company.
Most firms in healthcare real estate handle one part of a deal and hand off the rest. New Era keeps capital, development, construction management, acquisitions, brokerage, asset management, and operations under one parent, so every division answers to the same standard, and one sponsor stands behind every facility it delivers.
It depends on the asset type. For inpatient rehabilitation facilities, New Era owns the real estate while day-to-day clinical operations are run in partnership with an operating partner through New Era Alternatives. For other asset classes, New Era typically develops or acquires the facility, and the healthcare operator runs it.
Some divisions do both. NEP Realty offers its services to third-party healthcare clients in addition to supporting the New Era portfolio.
New Era Capital Partners
NESI Fund, LLC is New Era’s current investment vehicle, offered through New Era Capital Partners. The NESI Fund targets healthcare real estate developments and strategic acquisitions that seek to generate accretive returns and create value for the Fund’s portfolio. Through new, ground-up developments, NESI aims to capture growth in markets where demand is rising for higher-quality levels of care. For strategic acquisitions, NESI aims to target value-add assets with clear paths to improvement, where accretive yields can be achieved through strategic repositioning or repurposing buildings to meet the needs of tenants and the market.
New Era Capital Partners is the investor-facing engine of the New Era platform. It raises and structures the capital that funds development and acquisitions, manages investor relationships, and runs the New Era funds — including the NESI Fund — that give accredited investors access to the healthcare real estate sector.
Jake Eudaly, Vice President of Capital Formation, leads the division.
New Era Capital Partners provides the equity funding for the deals in the New Era platform. The capital New Era Capital Partners raises and structures is what funds the projects New Era Partners builds and New Era Acquisitions buys.
New Era Capital Partners raises and structures real estate capital for accredited investors through fund vehicles like the NESI Fund. New Era Alternatives focuses on healthcare private equity and alternative investment structures — expanding beyond real estate into broader healthcare investment opportunities.
New Era Alternatives
New Era Alternatives is the healthcare private equity and alternative investment arm of New Era Companies. Through this division, New Era participates in and structures healthcare PE deals, platforms, and operations — expanding the platform’s reach beyond real estate into the broader healthcare investment landscape.
New Era Capital Partners raises and structures real estate capital for accredited investors through fund vehicles like the NESI Fund. New Era Alternatives focuses on healthcare private equity and alternative investment structures — expanding beyond real estate into broader healthcare investment opportunities.
New Era Alternatives investment opportunities are structured for qualified investors and institutional partners evaluating healthcare private equity exposure. Contact New Era directly to discuss current opportunities and eligibility.
New Era Alternatives focuses on healthcare private equity structures including operating company investments, platform partnerships, and alternative investment vehicles across the healthcare sector. The division targets opportunities where New Era’s deep healthcare real estate expertise and operator relationships create a strategic advantage.
NEP Realty
NEP Realty handles brokerage, tenant representation, leasing, and transaction advisory, both across the New Era portfolio and for third-party healthcare clients.
Keeping transactions in-house means the platform moves faster, and the people closing the deals already know the assets. This results in the same standard of speed and familiarity across every transaction NEP Realty handles.
NEP Realty offers brokerage and transaction advisory services to third-party healthcare clients in addition to supporting the New Era portfolio.
New Era Partners
New Era Partners designs and delivers ground-up healthcare facilities across inpatient rehabilitation facilities (IRF), behavioral health hospitals (BHH), medical office buildings (MOB), and ambulatory surgical centers (ASC) — from site selection through opening day.
New Era Partners builds healthcare facilities from the ground up; New Era Acquisitions identifies, underwrites, and acquires existing healthcare real estate. Together they let New Era grow through both what it builds and what it buys.
New Era Acquisitions
New Era Partners builds healthcare facilities from the ground up; New Era Acquisitions identifies, underwrites, and acquires existing healthcare real estate. Together they let New Era grow through both what it builds and what it buys.
New Era Acquisitions is the acquisition arm of the New Era platform. It identifies, underwrites, and acquires existing healthcare real estate — a separate entity that complements New Era Partners, letting the platform grow through both what it builds and what it buys.
Yes. Acquired assets are held to the same standard of diligence as ground-up projects. When New Era acquires a property, the team creates a strategic plan for design, renovation, tenant buildout, and building optimization so operators and tenants can most effectively deliver care while bringing higher levels of care to the markets New Era serves.
New Era Asset Management
New Era Asset Management provides ongoing asset management services across the New Era portfolio — monitoring performance, reporting to investors, and protecting long-term value across every asset class the platform participates in. The same team structures the deal and manages its outcome, rather than handing performance off to an outside manager.
Because the people who structured the deal are the same people monitoring its execution. Third-party asset management creates distance between an investment decision and its ongoing oversight; keeping it in-house removes that gap — continuity from underwriting through stabilization through ongoing performance is what an unbroken track record since 2009 is built on.
Quarterly performance updates, annual reviews, and direct portal access — covering occupancy, lease compliance, operator performance, and capital needs across the assets in an investor’s portfolio.
Have more questions? Talk to someone who knows the answer.
Every question on this page has a person behind it. Reach out directly and we will connect you with the right member of the New Era team.