Elliott Bay Healthcare Portfolio
JLL is pleased to offer for sale a premier portfolio of 91 single-tenants, net lease healthcare properties with 1.02 million rentable square feet associated with leading health system and best-in-class dialysis providers. The multi-state portfolio is 100% occupied and backed by 91% investment grade credit tenancy or NYSE public companies with a weighted average lease terms of 8 years. The buildings are new construction with critical infrastructure such as dialysis centres, ambulatory surgery centres, cancer centres and imaging.
Investment Highlights
- Diverse national portfolio of high acuity healthcare uses in desirable needs-based property class
- 100% occupied, net leased portfolio with desirable 8.3-year weighted average remaining term
- 38% occupied by highly-rated health systems and large physician groups with 62% of tenants from the largest U.S. dialysis providers – 91% of tenancy is investment grade or NYSE public companies
- Outpatient locations in 25 states, majority in desirable top 100 U.S. metro areas
- Strong portfolio NOI growth of 2.1% annually over 10-year hold from contractual rent increases
- High fit out with ambulatory surgery canters, imaging, cancer treatment and dialysis
- Fee simple, offered free and clear of debt and ongoing management is available
Contact:
| Daniel Turley Executive Vice President O +1 214 438 6374 M +1 212 729 9327 daniel.turley@am.jll.com |
Brannan Knott Vice President O +1 617 316 6508 M +1 443 983 6039 brannan.knott@am.jll.com |
| Mindy Berman Managing Director O +1 617 316 6539 M +1 617 899 0657 mindy.berman@am.jll.com |
Steve Leathers Executive Vice President O +1 212 812 5867 M +1 949 922 4195 steve.leathers@am.jll.com |
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
