Deal marks first acquisition made by Alliance’s $50 million healthcare real estate investment fund
CHICAGO (Sept. 21, 2022) — Alliance Consolidated Group of Companies (Alliance) today announced it has acquired a net-leased medical office building at 6120 S. Fort Apache Road in southwest Las Vegas. The $6.8 million transaction was a sale-leaseback of the facility, which includes an ambulatory surgery center and clinic.
The acquisition is the first made by Alliance Medical Fund I, a $50 million equity investment vehicle that launched earlier this year to acquire net-leased medical and veterinary properties in high-growth markets across the U.S.
“With nearly 30 years of expertise in net-leased healthcare investments, Alliance was able to procure a valuable property in a growing submarket of the Las Vegas Valley, arranging a transaction that’s advantageous to all parties,” said Ben Reinberg, founder and CEO of Alliance. “Having transacted in Las Vegas before, we know the market, which continues to benefit from population growth that will drive demand for health services in the years ahead.”
Constructed in 2007 and renovated in 2013, the 12,497-square-foot property will continue to house the medical clinic, as well as 215 Surgery Center, a multi-specialty facility that specializes in the fields of orthopedics and pain management.
Ambulatory surgery centers (ASCs) are a rapidly growing segment of the U.S. healthcare industry that is projected to grow from $36.96 billion in 2021 to $58.85 billion by 2028, according to Fortune Business Insights. ASCs are on the rise due to the cost-effectiveness of their procedures and patient-proximate locations relative to most hospitals, making them an attractive investment vehicle.
Founded in 1995, Alliance specializes in net-leased healthcare real estate, with a portfolio spanning more than 10 states across the U.S. All assets are operated by Alliance’s in-house management team.
Alliance Medical Fund I is expected to invest approximately $150 million in debt and equity over the next two years, prioritizing investments across the Sun Belt. Accredited investors can learn more by contacting Ben Reinberg at email@example.com or (847) 317-0077.
About Alliance Consolidated Group of Companies:
Alliance Consolidated Group of Companies is a real estate investment firm that specializes in net-leased medical buildings. Founded in 1995, the firm targets a variety of healthcare facilities around the country. Alliance delivers attractive, risk-adjusted returns by leveraging longstanding relationships with lenders, brokers and investors to identify the best opportunities in each market and facilitate a quick close. Additional value is created post-acquisition through professional property management services provided in-house. For more information, visit http://www.alliancecgc.com/.
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