The transaction increases the value of GFH Financial Group’s U.S. healthcare portfolio to more than $400 million. The combined facilities comprise more than 400,000 square feet of space in Texas, North Carolina, South Carolina, Georgia, Utah, Wisconsin, and Ohio.
Visitors speak to the quality and capacity of a booming local industry in Dallas — one that’s invested billions in new facilities, services, research and personnel.
Reducing its store count by about 900 over the next three years, or about 10% of its locations, the retail pharmacy giant plans to add health services at its remaining stores with three basic models — traditional drugstores, clinics dedicated to primary healthcare services, and modified versions of the company’s HealthHUBs.
A recent BOMA panel focused heavily on growing institutional investment in the MOB and HRE space, as well as soaring pricing and falling yields for the product type.
Investors are now looking at assets that are both resilient during a recession and during a pandemic, and healthcare properties have become the perfect hedge against both.