ARZAN WEALTH ADVISES ON ACQUISITION OF PORTFOLIO OF MICRO-HOSPITALS & MEDICAL OFFICES IN USA

Jan 14, 2019

14 January 2019 - Arzan Wealth (DIFC) Limited ('Arzan Wealth'), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on the forward purchase of a portfolio of four state-of-the-art micro-hospitals and medical office buildings  leased to a joint venture between INTEGRIS Health and Emerus Holdings ("The Portfolio"). The Portfolio is located throughout Oklahoma City in Oklahoma, USA.

The Portfolio has a total area of 159,303 square feet and is currently under construction with completions expected to occur during the coming 4 months.  The master tenant is a JV entity wholly owned by Emerus Holdings, LLC and INTEGRIS Health, Inc. Integris, rated A+ by S&P. Emerus is one the largest micro-hospital operator in the U.S., and INTEGRIS is the dominant healthcare provider in Oklahoma with 8 hospitals in the market.  The Portfolio will be 100% master leased to the Emerus-INTEGRIS JV entity for 15 years on an absolute NNN basis. Three of the four micro-hospital buildings will include a medical office building (MOB) component offering outpatient services combined with high-acuity care provided by an emergency department and related inpatient services. 

Arzan Wealth acted as the Strategic Advisor on the structuring and acquisition of the Portfolio and will continue in this role during the holding period of this investment, which is projected to deliver monthly income to clients equal to 8.25 % per annum.

Muhannad Abulhasan, CEO of Arzan Wealth said:

"We are delighted to have advised and arranged on the Emerus-INTEGRIS portfolio which will deliver excellent returns for our clients. Similar to prior Arzan Wealth deals, this Portfolio is expected to be a safe investment that protects the principal of our clients while providing them with a secure and attractive monthly distribution. We will ensure prudent risk management and attractive financial results are delivered to our valued clients with the objective of protecting their wealth and legacies."

 

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