State Practice
Texas
Metro-by-metro divergence across the Texas Triangle, with capital routed between SBA and USDA channels by region.
Read the Texas practice →Where We Work
Feasibility Studies by State
We prepare feasibility studies nationwide, but no two states underwrite the same. Program landscapes, Certificate-of-Need regimes, UST permitting, and metro-level supply divergence move both the analysis and the conclusion from one jurisdiction to the next. These state practices document what actually shapes a defensible study where the project sits.
Published State Practices
State practices in depth.
Each published practice is a standing, sourced read on how one state's program landscape, asset-class concentration, and review considerations shape feasibility outcomes — organized metro by metro, because a statewide average misprices most deals.
State Practice
Florida
Insurance-cost drag on operating pro formas, read against Certificate-of-Need precision for health-related assets.
Read the Florida practice →State Practice
Illinois
The Chicago-versus-downstate split, mapped against the state program landscape that routes each deal.
Read the Illinois practice →State Practice
New York
Upstate and downstate divergence underwritten through dense, multi-layered regulatory review.
Read the New York practice →State Practice
Pennsylvania
Metro-by-metro divergence with program routing across SBA, USDA, and conventional capital.
Read the Pennsylvania practice →
Nationwide Coverage
Full state coverage.
We prepare feasibility studies nationwide. Twelve state practices document the program landscape, asset-class concentration, and state-specific review considerations — from Certificate-of-Need regimes to UST permitting — that shape feasibility outcomes.
- Alabama
- Arizona
- Arkansas
- California
- Connecticut
- Florida
- Georgia
- Hawaii
- Illinois
- Indiana
- Iowa
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- Texas
- Utah
- Washington
- Wisconsin
Selected metros
Underwriting in a specific state? Start with the local market read.
A methodology briefing walks through the analytical framework, the deliverable composition, and the state and metro data most relevant to your program and asset class.
Request a methodology briefing