NEW YORK – American Finance Trust Inc. has purchased six dialysis clinics, located in Alabama and Mississippi, for $15.8 million.
The 46,121-square-foot portfolio is fully-leased to Fresenius Medical Care on a triple-net basis. The global healthcare group offers products and services for dialysis, hospitals and outpatient treatment at each of the properties.
The leases, encompassing three clinics in Alabama and three clinics in Mississippi, account for fixed-rent escalations and a weighted average lease term that exceeds 10 years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
