DALLAS-After a successful capital deployment from its first $50 million discretionary investment fund, MedProperties Holdings LLC is launching a second one. MedProperties Investment Partners LP had its initial closing of capital commitments, is open to additional commitments, and has the ultimate target raise goal of $150 million.
“Our new fund's investment strategy will, for the most part, mirror the successful strategy we employed with our first fund,” MedProperties managing principal Darryl E. Freling says. “Through partnerships with healthcare developers and owner/operators, we will invest in a balanced portfolio of both ground-up development projects, as well as in existing healthcare properties that offer immediate cash flow and value-added opportunity."
Freling adds that investments will also consist of a mix of multi-tenant medical office buildings and single tenant specialty facilities including specialty surgical and rehabilitation hospitals and ambulatory surgery centers. What's new in this particular mix is an expansion into senior housing, including assisted living and memory care facilities.
MedProperties' first fund deployed $50 million into 12 investments in 19 healthcare facilities. According to MedProperties managing principal Roman J. Kupchynsky II, plenty of growth and opportunity remain in this particular sector. “National demographics will continue to drive growth in the health service sector, and with the presidential election and the Supreme Court decision on the Accountable Care Act behind us, industry decision makers have greater clarity to frame their strategy, which we have already seen translate into an acceleration of investment opportunities for our company,” he adds.
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