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Updated almost 9 years ago, 02/20/2016
Advice Needed for Medical Lease-Back
Hey all,
I have the opportunity to work as an scout for a group that wants to buy 100-150mil in very secure medical lease-backs. This is not an ad, I'm not interested in solicitations, I just need advice that pertains to this scenario.
Further information is that the investors want to find medical practices between NY and Georgia (just coastal states,) with no rural areas. The minimum size property they'll consider is 5mil. Finally, they're looking for a cap rate of 6.75.
My question as it relates to this scenario is: how would you go about scouting out properties for this group? Although I work as a commercial real estate analyst for a self storage company (which does brokerage/investing/consulting,) and have some ideas, I'd really like to get your thoughts, in order to do this in the most effective way.
Looking forward to what everyone has to say!