LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust (FSCT), a single tenant net lease focused real estate investment trust (REIT), announced today the acquisition of three medical office properties.
The property acquisitions include:
University of North Carolina Health Care System – Chapel Hill, NC
A 25,738 square foot property that is 100% leased to the University of North Carolina Health Care System. The property is located in Chapel Hill, NC, in close proximity to the campus at UNC, and provides pediatrics, internal medicine, orthopedics, and OB-GYN offices.
Fresenius Medical Care – Albany, OR
A 12,986 square foot property that is 100% leased on a triple-net basis to dialysis clinic Fresenius Medical Care. The property is located in Albany, OR in the Willamette Valley area of the state.
Fresenius Medical Care – Houston, TX
A 12,725 square foot property that is 100% leased on a triple-net basis to dialysis clinic Fresenius Medical Care and Lotus LCM, Inc. The property is located in Houston, TX, the largest city in the state with a population of 7.1 million.
“Healthcare continues to be one of the fastest growing sectors of our economy,” said William Dioguardi, Chief Executive Officer of Four Springs Capital Trust. “Strong demographic and economic trends should continue to have a dramatic impact on healthcare, and we expect to see increasing demand for high quality medical office real estate.”
About Four Springs Capital Trust:
Four Springs Capital Trust is a private real estate investment trust that owns and operates a diversified portfolio of industrial, medical and service-oriented retail properties net leased to investment grade and other creditworthy tenants under long-term leases.