ERE Healthcare Real Estate Advisors is pleased to announce the successful sale of a 17,641 SF regionally dominant dermatology facility in Owensboro, KY.

ERE was engaged by the physician partners to structure a sale and leaseback transaction. With sustainability in mind, the partners elected to move forward with a rental rate significantly lower than they had historically paid. Through a competitive bidding process, ERE generated 6 offers for the facility. Establishing a lower rent allowed the practice to free up operating cashflow, while still creating a significant liquidity event in the real estate sale.

The sale was successfully executed, setting a record for medical properties sold in Owensboro, KY and meeting the partnership’s key objectives of setting a sustainable lease rate and avoiding personal guarantees.

The transaction was led by Collin Hart.

Share the article

Ready to talk?

Investment demand, sale transaction volume, and valuations for healthcare real estate have reached historic highs. Even if a real estate sale doesn’t meet your current objectives, addressing potential partnership challenges early will maximize the value and security of your investment.