Healthcare Portfolio 3
This is a sample of a Delaware Statutory Trust offering, drawn from a past offering that is already fully subscribed and shown here for illustration. DSTs are illiquid private placements offered under Reg D to accredited investors only. The figures below are sourced from the sponsor’s Private Placement Memorandum. Year-one cash-flow, cap-rate, and DSCR figures are projections, not guarantees. Loss of principal is possible.
About this offering
Healthcare Portfolio 3 from Inland Private Capital is an all-cash investment in three medical office buildings. The tenants are Fresenius Medical Care (Chicago, IL) and Starling Physicians (Hartford, CT and New Britain, CT). Fresenius operates a chain of well known dialysis centers across the United States and internationally. Starling Physicians is a specialty physician practice well known in its Connecticut market.
Key metrics
- Year 1 Cash Flow
- 5.00%
- Year 1 Cap Rate
- 5.72%
- Investor Purchase Price
- $29.12M
- Year 1 DSCR
- —
- Hold Period DSCR
- —
Debt structure
- Loan Amount
- —
- Lender
- —
- Program
- —
- Interest Rate
- —
- LTV
- 0.00%
- Term
- —
- Interest Only
- —
- Amortization
- —
Specifications
- Occupancy
- 100.00%
- Strategy
- $1.4 million reserve account for tenant improvements and capital expenditures.
Principal risks
- R01Older builds in Connecticut (1950 and 1966) may require more capital improvements.
- R02The Connecticut tenant (Starling Physicians) lacks a credit rating from Standard & Poor's or Moody's, increasing default risk.
- R03Starling Physicians is a newly formed corporation (2016) created from established companies.
- R04The Connecticut properties contain asbestos; materials are in good condition but require proper maintenance.
Property imagery
Inland
According to the sponsor's website: "The Inland Real Estate Group of Companies, Inc. (“Inland”), is an industry leader and one of the nation's largest commercial real estate and finance organizations. As a business incubator, we specialize in creating, developing and supporting Inland member companies that provide commercial real estate-related services and alternative investment funds, including limited partnerships, institutional funds and non-listed and listed REITs."
Explore current offerings like Healthcare Portfolio 3
This offering is fully subscribed and shown for illustration. A coordinator can introduce current offerings with a similar profile to accredited investors.