Newmark Healthcare Capital Markets
COMING SOON!
Atkins Companies Medical Office Portfolio
New Jersey | Pennsylvania | Maryland | Connecticut | Ohio
- 12 PROPERTIES
- 96% LEASED OVERALL
- 549,586 SQUARE FEET
- 72% LEASED TO HEALTH SYSTEMS, CREDIT & DOMINANT PHYSICIAN NETWORKS
- 6.9 Years WALT
- 25% NOI GROWTH OVER
- 10-YEAR ANALYSIS PERIOD
The Newmark Healthcare Capital Markets team has been engaged by the Atkins Companies as its exclusive financial advisor with respect to the recapitalization Of the Company’S portfolio Of 12 outpatient medical Office buildings, leased to leading health system and physician networks. The Properties are located in New Jersey (55%), Pennsylvania (21%), Ohio (13%), Maryland (7%), and Connecticut (4%). This institutional-quality collection of MOBs benefit from attractive core investment fundamentals, including 96% occupancy, nearly 7 years of weighted average remaining lease term, and 2.0% average annual rent growth, with approximately 25% NOI growth over the 10-year analysis period. The Atkins MOB Portfolio is 72% leased to hospitals, health systems, and dominant physician networks, including RWJBarnabas (Moody’s Al), Rothman Orthopaedics (largest non-hospital orthopedic group in the country), Allegheny Health (S&P A), Jefferson Health (Moodyß A2), and OSU Health (Moody’ Aal). The Portfolio is fully utilized by mission-critical services — including ambulatory surgery, orthopedics and orthopedic surgery, pain management, imaging, oncology, neurology, cardiology, ophthalmology and primary care. Eight Of 12 properties are located within Certificate Of Need states, which govern many Of the higher-acuity services, limiting the potential for tenant relocation and acting as a barrier to entry for new competition.
PORTFOLIO ANCHOR TENANTS
- RWWBarnabas Health
- Rothman Orthopaedics
- Jefferson Health
- Hartford HealthCare
- AHN
- CrozerHealth
- The Ohio State University | Wexner Medical Center
- OneOncology
- Radnet
- Axia Women’s Health
- Premier Medical Associates
If you are interested in pre-registering to receive detailed information regarding the Atkins Medical Office Portfolio, we ask that you execute and return the Confidentiality Agreement electronically. Upon receipt of the signed agreement, we would welcome the opportunity to answer any questions you may have about this upcoming offering. We look forward to working with you on this exciting opportunity and thank you in advance for your time and consideration.
Healthcare Capital Markets:
Ben Appel
Executive Managing Director
(215) 872.9903
ben.appel@ngkf.com
Jay Miele
Senior Managing Director
(732) 778.3895
jay.miele@ngkf.com
John Nero
Managing Director
(610) 308.8192
john.nero@ngkf.com
Michael Greeley
Senior Managing Director
(617) 223.1623
mgreeley@ngkf.com
Ron Ott
Associate
(570) 417.8140
ron.ott@ngkf.com
Debt Financing:
Jay Miele
Senior Managing Director
(732) 778.3895
jay.miele@ngkf.com
John Nero
Managing Director
(610) 308.8192
john.nero@ngkf.com
Local Licenses:
Michael Greeley, CT, 0806609
Ben Appel, NJ, 0903289
Ben Appel, PA, RS312185
2005 Market Street, Suite 900
Philadelphia, PA 19103
215-561-8300
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