Conservative investors worried about market volatility are often attracted to investment grade, long-term, triple-net-leased real estate, says Henry S Miller Equity Partners SVP Chance Johnson. That’s because it’s often a stable, simple, and predictable real estate investment option, he says. While upside may generally be limited in such investments, favorable financing combined with tenant and business model strength can provide steady bond-like returns to its investors, he says. Here’s Chance with his family at the Cadillac Ranch, west of Amarillo. They took a pitstop on their way to Telluride, Colo.
Chance tells us Miller Realty Investment Partners recently syndicated the acquisition of Mid-Cities Medical Plaza, an MOB at 3024 Hwy 121 in Bedford, in an off-market deal. Texas Health Resources occupies 100% of the almost 16k SF building (and is also a triple-net lease), he says. Its location near a major hospital owned by the tenant also provides additional assurances in its long-term viability. The deal was fully subscribed within days of the offering, too, he tells us.
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