Four Springs Capital Trust Buys Three Medical Office Properties for $31 Million

Four Springs Capital Trust, a Regulation D real estate investment trust, has purchased three medical office properties.

Four Springs Capital Trust, a Regulation D real estate investment trust, has purchased three medical office properties in North Carolina, Oregon, and Texas for $31 million.

The REIT purchased a 25,700-square-foot property that is 100 percent leased to the University of North Carolina Health Care System and provides pediatrics, internal medicine, orthopedics, and OB-GYN services. The property is located in Chapel Hill, North Carolina within close proximity to the UNC campus.

The second property, a 13,000-square-foot clinic located in Albany, Oregon, is 100 percent leased on a triple-net basis to dialysis provider Fresenius Medical Care.

Four Springs also purchased a 12,700-square-foot property in Houston that is fully leased on a triple-net basis to dialysis provider Fresenius Medical Care, as well as local nephrology practice, Lotus LCM Inc.

“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.”

Four Springs Capital Trust is a private real estate investment trust that owns and operates a portfolio of industrial, medical and service-oriented retail properties net leased to tenants under long-term leases.

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