Florida Real Estate Sees Major Dental Portfolio Transaction
Secure Properties, a prominent real estate investment firm, has finalized the acquisition of a 12-property dental portfolio located across Florida for a substantial $28 million. The transaction involved a sale-leaseback agreement with Monticciolo Family Sedation & Dentistry, solidifying a long-term partnership.
Key Takeaways
- Acquisition Value: Secure Properties invested approximately $28 million.
- Portfolio Size: The deal encompasses 12 dental properties.
- Location: Properties are situated in key retail areas within the Tampa MSA.
- Transaction Type: All assets were acquired through a direct sale-leaseback from the tenant.
- Lease Structure: The properties are now under long-term, triple-net leases.
- Strategic Goal: Secure Properties aims to support operator growth by providing capital for reinvestment.
Strategic Partnership and Investment Focus
Brian Mansouri, Managing Principal of Secure Properties, expressed enthusiasm for the partnership with Monticciolo. He highlighted the firm’s objective to empower strong operators by facilitating capital release, which can then be channeled back into their core business operations and future expansion plans. Mansouri emphasized that this acquisition represents more than just a real estate deal; it signifies a commitment to a long-term collaboration that aligns capital with the tenant’s ongoing success and growth trajectory.
Secure Properties’ Investment Strategy
This latest acquisition further bolsters Secure Properties’ expanding national portfolio of commercial real estate. The firm specializes in acquiring and managing properties with dependable tenants and extended lease commitments. Their primary focus lies in net-leased retail and industrial assets, with a particular emphasis on sale-leaseback transactions. These transactions are designed to provide operators with essential growth capital in exchange for real estate assets secured by long-term leases.
Secure Properties has a proven track record in investing in and managing operationally essential, single-tenant, triple-net leased real estate across diverse geographies and industries. The company currently owns and manages a significant real estate portfolio valued at approximately $1.4 billion, comprising over 400 properties.