Acquisitions
- All positive growth markets considered, with particular focus across the Southern US and Mountain West
- Will consider primary and secondary markets
- Individual properties between $5mm and $25mm, can be larger if a portfolio acquisition
- Predominantly focused on value-add opportunities
- At least 50% current occupancy or with prospective tenant
- Minimum size of 20,000 SF
- Product types:
- MOBs (primary)
- Surgery Centers
- Rehab facilities
- Wellness centers
- Repurposed medical retail
- “Story” component is important:
- Capital investment needed for repositioning of well-located assets
- Stabilized in path of growth (think coastal retirement areas and major city suburbs)
- Relationship opportunity – buy this and you will get to acquire more, or develop new, etc.
- Strategic advantage over broader market
- High barrier to entry
- Poor management
- On-campus or near-campus a plus, but not required
- Sell downs where physicians retain partial ownership via JV structure and use HHRE to unlock equity
Please call 813-229-5060 if you have an asset you would like us to consider.