CHICAGO, Dec. 19, 2023 /PRNewswire/ — National Dental Healthcare REIT (NDH REIT), a Thurston Group portfolio company, is thrilled to announce the completion of a significant real estate acquisition, marking a pivotal moment in the company’s strategic expansion amid the ongoing consolidation in the dental industry.
On November 9, 2023, NDH REIT finalized the acquisition of a diverse group of dental properties comprising 8 locations, totaling 35,826 square feet. These properties are strategically located across key states, including Texas, Indiana, Georgia, South Carolina, Kentucky, Missouri, and Alabama.
This expansion aligns seamlessly with NDH REIT’s commitment to broadening its dental real estate portfolio, now surpassing $200,000,000 in acquired value and over 160 properties owned within the portfolio.
“This strategic acquisition underscores our dedication to providing innovative solutions for dental real estate owners and solidifies our position as a leader in the industry,” said Daniel Davis, President of National Dental Healthcare REIT. “As we surpass the 160-property mark, we are excited about the continued growth and value we are bringing to our stakeholders.”
Patrick J. Haynes III, Chairman and CEO of Thurston Group, commented on the synergy between NDH REIT and Thurston Group’s commitment to innovation, stating, “Thurston Group has always been at the forefront of industry trends and first-mover initiatives. NDH REIT’s success is a testament to the vision and execution of the Thurston playbook. We are proud to contribute to the evolution of the dental real estate market.”
As NDH REIT propels this momentum into 2024, both NDH REIT and Thurston Group remain resolute in their commitment to advancing and shaping the future of dental real estate, with an optimistic outlook on the transformative journey that lies ahead.
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