Healthcare Real Estate Capital LLC (“HRE Capital”) was selected as the exclusive financial advisor to the Florida Orthopedic Institute (“FOI” or “Practice”) related to the disposition of a 16,600 square foot ambulatory surgery center (“ASC”) located in Tampa, Florida. The ASC, which was built in 2001, is located on a 12-acre medical campus and is directly connected to an 82,000 square foot FOI occupied medical office building. The transaction was structured as a sale/leaseback under a long-term triple-net structure.
HRE Capital’s RoleOn behalf of FOI, HRE Capital undertook an effort to procure an Investor positioned to purchase this ASC under a restrictive timeframe from an ownership group that included over 15 physicians. Leveraging its unmatched relationships in the healthcare real estate capital markets, HRE Capital approached and garnered significant interest from a limited pool of active and well-capitalized Investors seeking to invest in this specialized asset class. Due to HRE Capital’s successful track record with dispositions and sale/leasebacks of physician-owned assets and the quality of the Practice, FOI achieved its various goals related to timing, pricing and overall deal structure.
Healthcare Real Estate Capital, LLCHRE Capital is a national advisory firm focused solely on the healthcare real estate sector. Our clients include many of the nation’s top developer/owners of healthcare real estate as well as healthcare systems. HRE Capital’s focused model provides clients with the highest level of relevant experience and independent transaction analysis, structuring and execution capabilities. We provide both debt and equity raise services as well as asset/portfolio disposition and other related real estate advisory services and have been involved with over $1 billion dollars of transactions in the sector in the last 24 months.
Florida Orthopedic InstituteThe Florida Orthopedic Institute is the largest orthopedic practice in the State of Florida, with 11 locations statewide, and is a widely acclaimed leader in comprehensive orthopedic services. FOI physicians are known worldwide for their work, and the Practices’ mission is to provide internationally recognized quality orthopedic care with achieving exceptional outcomes through continuing research and subspecialty expertise. The Practice has over 30 physicians with a support staff in excess of 500 that provides expertise in all orthopedic specialties.
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