Press Release
FOR IMMEDIATE RELEASE
March 16, 2026
RALEIGH, NC — SOLV Healthcare Real Estate Group (“SOLV”), a fully integrated healthcare real estate development and investment platform based in Raleigh, North Carolina, is continuing to expand its development and acquisition platform across the Southeast. The firm brings together three industry veterans with more than 80 years of combined experience and a track record representing over $4.5 billion in healthcare development, management, and leasing totaling more than 5 million square feet nationwide.
SOLV was formed through a strategic partnership among Roger Stein, CEO of Florida-based Soho Development; Frank Baird, CEO of Raleigh-based Capital Associates; and Greg Page, CEO of Atlanta-based Page Healthcare Development.
The partnership originated when Stein and Baird began collaborating on healthcare-focused development opportunities in North Carolina. During early planning discussions with local architects, they were introduced to Greg Page, a nationally recognized healthcare development specialist. Recognizing a shared vision and complementary expertise across healthcare development, finance, and institutional asset management, the three leaders joined forces to establish SOLV.
“It was a natural fit,” said Frank Baird. “Greg brings decades of specialized healthcare development expertise, Roger contributes deep real estate finance experience, and Capital Associates adds institutional-quality development, leasing, management, and accounting capabilities. Together, SOLV offers a fully integrated solution that is uniquely positioned to serve healthcare providers across the Southeast.”
Active Development Pipeline
SOLV is currently advancing several medical office projects in Wake and Durham Counties, North Carolina. Among them is a 150,000-square-foot medical office building planned for Page Road in Durham, NC, representing an anticipated investment of approximately $120 million. The project is currently in the planning phase and reflects SOLV’s focus on delivering state-of-the-art outpatient and specialty healthcare facilities aligned with evolving care delivery models and patient demand in high-growth markets.
Strategic Focus in the Southeast
SOLV is focused on the development and acquisition of well-located healthcare real estate assets across the Southeast, including:
• Medical office buildings
• Ambulatory care facilities
• Ambulatory Surgery Centers (ASCs)
• Micro-hospitals
• Healthcare campuses
The firm works with hospital systems and physician groups that require development expertise, alternative capital structures, or creative financing solutions. SOLV also partners with providers seeking to unlock capital from existing real estate assets while maintaining operational control.
Integrated Healthcare Real Estate Platform
As a fully integrated healthcare real estate group, SOLV provides comprehensive services including:
• Market feasibility analysis
• Site selection and entitlement strategy
• Capital planning and structuring
• Development and project management
• Leasing and asset management
• Institutional-quality property management and accounting
Through its relationship with Capital Associates — a 40-year-old commercial real estate firm with extensive medical office experience — SOLV delivers full lifecycle real estate services to institutional partners and healthcare providers.
SOLV partners with national and regional health systems, academic institutions, community hospitals, and physician groups, providing strategic guidance on market positioning, capital allocation, and facility development.
The firm also offers complimentary feasibility services to healthcare systems to assess market demand and identify creative financial structures designed to minimize risk and maximize long-term impact.
Capital Markets Advisory
To support the continued growth of its development and acquisition platform, SOLV has retained Jay Miele, Vice Chairman and Co-Head of Healthcare Capital Markets at Newmark, to raise additional capital and expand institutional partnerships.
“SOLV combines deep healthcare development expertise with disciplined capital structuring and regional market insight,” said Jay Miele, Vice Chairman and Co-Head of Healthcare Capital Markets at Newmark. “Healthcare real estate continues to be one of the most attractive and resilient sectors for institutional investors. We believe SOLV’s strategy and leadership team position the platform for significant growth across the Southeast, and we are pleased to support their capital formation efforts.”
About SOLV Healthcare Real Estate Group
SOLV Healthcare Real Estate Group is a Raleigh, North Carolina-based healthcare real estate development and investment firm focused on the Southeast United States. The company specializes in medical office buildings, ambulatory facilities, and healthcare campuses, providing integrated development, capital planning, leasing, and asset management services to health systems and physician groups.
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Media Contact:
SOLV Healthcare Real Estate Group
Email: info@solvregroup.com
Website: https://solvregroup.com/
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