DOCPROPERTIES Successfully Sells Another Portfolio
PHOENIX – (January 16, 2023) – DOCPROPERTIES, with its network of local brokers, recently sold a portfolio of 14 successful dental properties across 8 states in a sale-leaseback transaction. The total value of these properties spanning 50,721 square feet was $19,011,423 with an average price per square foot valued at $374.
The entrepreneurial dentists of the Freedom Dental Partners business network are putting a portion of their proceeds into the undisclosed buyer’s Real Estate Investment Trust (REIT). It is also known as an Umbrella Partnership Real Estate Investment Trust (UPREIT) transaction.
According to Brady Frank, Freedom Dental Partners Co-Founder, “the sale of the real estate initiated as a result of these dental practices being sold to one of two private equity groups the network is working with”, further he added, “the trend of healthcare practices, in this case, dental practices, selling to private equity allows these dentists to scale their dental operations or repeat their success by investing in other non-performing dental practices, improving them and repeating this process in a few years.”
The transactions are facilitated by DOCPROPERTIES led by Trisha Talbot. She is a long-time healthcare commercial real estate broker who has successfully completed thousands of transactions. Talbot is also GlobeSt.com’s 2021 Woman of Influence, advising physician practices and healthcare property investors in investment sales, leasing, and corporate representation. Consistently ranked among Arizona’s top commercial real estate brokers, Talbot brings together investors and entrepreneurial clinicians to create profitable medical property investments.
Commenting on her latest project, she commented:
“By signing 10-year leases and selling the properties in a portfolio, these entrepreneurial dentists maximized the value of their dental properties. After selling their practice to a private equity they will lose property value as the lease burns off and most likely will only be able to get 5-year renewals moving forward. A sale leaseback is a great exit strategy for these dentists to choose to increase their service lines, hire associate dentists, employ more staff, or reinvest. Every community needs dental care and patients prefer to see a dentist that is close to their home or work”.
About DOCPROPERTIES
Headquartered in Scottsdale, Arizona, DOCPROPERTIES is a visionary healthcare real estate investment and advisory firm anticipating the needs of entrepreneurial clinicians and investors in a booming property sector that is recession resilient and an inflation hedge. We serve our clients in achieving cash flow and profitability goals with a focus on middle market assets in the Western US. Bringing a 360-degree view of healthcare properties with extensive experience completing thousands of transactions in sales, leasing and corporate representation, DOCPROPERTIES helps practices maximize the value of physician-owned properties enabling clinicians to better focus on providing quality care while collaborating with investors to realize the returns to acquire, build and manage healthcare properties.
To learn more about DOCPROPERTIES and the breadth of services for clinicians and investors, visit docproperties.com or call (602) 341-3840.
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