MedSouth Healthcare Properties, LLC (MedSouth) is pleased to announce the acquisition of a Veterinary Clinic Sale-Leaseback Portfolio comprising of 2 properties with a total of +/-11,000 square feet. The properties are 100% leased and occupied under long-term, absolute net leases. The properties are located in the affluent towns of Cornelius and Mooresville, North Carolina which are both parts of the greater Charlotte, NC MSA.
Bill Transou, Co-Founder, and Principal of MedSouth said, “This transaction marks our first venture into the Veterinary Clinic product type of which we are very excited about. Being lifelong pet owners, this is a product type that fits right into our acquisition criteria very well. MedSouth looks forward to building a larger portfolio around this product type here in the Southeast.”
Benjamin E. Bivens, Co-Founder, and Principal of MedSouth said, “When we started to study the Veterinary market we quickly saw several fundamentals that really attracted us to the space and helped solidify our long-term commitment to serving this highly specialized industry.” He goes on, “In addition, we are very pleased that our Sale-Leaseback program has helped another healthcare operator to unlock the equity tied up in the real estate and roll it back into their core operations to expand their business.” He continues, “As far as the product type, it’s a great feeling being able to partner with Veterinary Clinics because you know that they are fulfilling a very important role by taking care of those that cannot speak for themselves. We look forward to building many beneficial relationships in the Veterinary Clinic community and offering this valuable model to help them succeed.”
This transaction marks the eighth acquisition milestone for MedSouth Healthcare Properties, LLC since its inception in May 2013. MedSouth’s portfolio of current and formerly owned and managed properties consists of 16 medical office properties totaling approximately 172,000 square feet throughout the Southeastern United States.
MedSouth Healthcare Properties, LLC is a private healthcare real estate investment firm based out of Charlotte, NC focused on acquiring and managing income-producing healthcare properties located in the Southeastern United States. The firm provides sale-leaseback solutions for doctor groups and hospital organizations looking to grow their organization by unlocking the capital in their real estate. MedSouth Healthcare Properties, LLC also works with private investors, developers, and real estate firms that are interested in selling their income-producing healthcare real estate.
For additional Press related comments and information feel free to contact:
Benjamin E. Bivens Benjamin@MedSouthHCP.com
Bill Transou Bill@MedSouthHCP.com
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