CHICAGO, Aug. 6, 2024 /PRNewswire/ — National Dental Healthcare REIT (NDH REIT), a leader in the dental healthcare real estate sector and a distinguished member of the Thurston Group portfolio, is excited to announce the completion of its latest real estate acquisition. This strategic acquisition strengthens NDH REIT’s position as a leader in the industry and demonstrates its ongoing commitment to expanding its diverse portfolio.
The acquisition, finalized on June 28, 2024, includes 13 properties located across New York, Oklahoma, Florida, Texas, Indiana, Ohio, Georgia, and Virginia. This expansion increases NDH REIT’s total portfolio to 187 properties, with a combined acquisition value of $234 million.
Patrick J. Haynes III, Chairman and CEO of Thurston Group, shared his enthusiasm about the acquisition, stating, “We are proud to finalize the acquisition of these 13 properties, marking a substantial enhancement of our real estate portfolio. This acquisition not only expands our geographical footprint but also emphasizes our unwavering dedication to providing top-tier healthcare real estate solutions.”
Dr. Brian Stone, DDS, MD, a valued partner from Southern Surgical Arts and current President of the Southwest Society of Oral and Maxillofacial Surgeons, expressed his excitement about the collaboration, stating, “Partnering with NDH REIT has been a transformative experience for our portfolio. Our goal is to diversify our holdings while maintaining our steady revenue stream and alleviating the burden of property ownership. By teaming up with NDH REIT, we can enjoy the benefits of diversification while putting our equity to work in an institutional quality portfolio.”
This acquisition demonstrates NDH REIT’s ongoing success and momentum in the healthcare real estate sector. As the company continues to expand its portfolio and forge strategic partnerships, it remains committed to delivering industry-leading real estate solutions in the dental market.
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
