Everhealth Properties announces acquisition of medical office building in the Louisville market.
Scottsdale, AZ—November 28, 2017
Everest Healthcare Properties, LLC, (Everest) recently closed on a medical office building, New Albany Medical Center, located in the 39th largest metropolitan statistical area (MSA), Louisville, KY.
The property is 95% occupied, with a weighted average lease term of almost five and half years and investment-grade tenancy representing 64% of rentable square feet.
“We could not be more excited to acquire this property.” said David Lynn, Ph.D., President and CEO of Everest Healthcare Properties. “The combination of strong cash flows, investment grade tenancy and desirable market make it an extremely attractive investment.”
Everest’s management team has deep experience in real estate investing, capital markets, research and analytics. Everest, an industry leader in medical office real estate, acquires properties in U.S. markets by utilizing its proprietary research capabilities to source opportunities across the country that are accretive to its portfolio.
About Everest Healthcare Properties
Everest Healthcare Properties is an institutional real estate manager focusing on medical real estate properties across the United States. Its mission is to provide high current and total returns to institutional investors by acquiring and adding value to high-quality healthcare properties. The Everest team has significant institutional quality real estate experience with firms such as Cole Real Estate Investments, ING/Clarion, AIG Real Estate, Simon Properties, Principal Financial and Healthcare Trust of America. For more information on Everest Healthcare Properties, please visit www.everesthealthcareproperties.com or contact us at firstname.lastname@example.org.