Strategy
The CD Healthcare Infrastructure Partner (CDHIP) series invests in small outpatient, mission-critical medical office buildings located in communities with high density of insured populations and fast-growing aging demographics. The CDHIP series target single-tenant buildings net leased to local healthcare systems and physician practice groups.
- Asset Type
- Free standing MOBs including hospital outpatient buildings, small physician clinics, urgent care clinics, specialty care clinics (i.e. dialysis and oncology), imaging centers, medical laboratories (i.e. genetics testing), and cryo-banking (i.e. cord blood banking, sperm banks and embryo storage)
- Location
- High growth markets with high density of insured population and aging demographics
- Phoenix MSA; Boston MSA; Dallas Fort Worth, Austin, Houston, TX; Mclean and Arlington, VA; Las Vegas and Henderson, NV; Denver and Boulder, CO; Salt Lake City and St. George, UT; Columbus, OH; Philadelphia MSA; Atlanta MSA; Indianapolis; Charlotte, Raleigh, Durham, NC; Nashville; San Diego; Miami, Fort Myers, Tampa, Naples, FL; Portland, OR; Seattle and Bellevue, WA;
Fayetteville, AR; Madison and Milwaukee, WI
- Tenants
- Health systems, physician groups, and medical testing laboratories. Due to small investment size, most of the assets have a single tenant or two tenants
- Acquisition Price
- Small medical buildings below $12M acquisition price
- Building Size
- 4,500 to 50,000 gross square feet (i.e. one to two stories)
- Besides buying free-standing buildings, CDHIP can also make tender offers for all the medical office condos that are located inside the same building
- Lease Type
- Long-term net leases including new sale-leaseback transactions with physician owner occupiers
- Lease Term
- 1-20 years of remaining lease term
- Occupancy
- 40-100% in-place
