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NEW YORK, June 16, 2021 / PRNewswire / – CD Healthcare Infrastructure Partners, LLC (CDHIP), a real estate infrastructure fund dedicated to facilitating the delivery of consumer-centric healthcare, has acquired medical property in Phoenix, Arizona. The property is primarily leased to Banner Imaging, a subsidiary of Banner Health, the largest healthcare system in Arizona. As one of the largest employers in Arizona with over 50,000 employees, Banner Health enjoys an “AA-” credit rating and a stable outlook with Fitch and S&P.
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The property is located in Paradise Valley north-east Phoenix, one of the richest districts of the metro Phoenix. The main market area benefits from a high population density and rapidly growing aging demographics. In particular, the population aged 75 and over within a 15-minute drive is expected to increase 5.8% per year from 2020 to 2025. Banner Imaging provides MRI, mammography, CT, X-ray, ultrasound, fluoroscopy and other imaging services. Cancer specialists in Palo Verde are providing a PET scan for cancer screening at this location.
“Healthcare infrastructure offers compelling risk-adjusted returns because healthcare is a necessity. The rapid growth of the aging population and the expansion of the insured population are driving increased demand for good quality assets in attractive locations. This acquisition fits well with CDHIP’s mandate to facilitate health care delivery in an inexpensive and convenient setting close to where people live and work, ”said Curt Greer, President of the CDHIP.
“Health care infrastructure benefits from the secular growth of the aging megatrend. Every day, 10,000 Americans are over 65, and this age group spends 3.5 times more per capita health spending than the younger population. Expansion of the Affordable Care Act and rapid growth in Medicare enrollments for those 65 and over are driving secular expansion of the insured population, ”said Clare Duan, Founder and Director of CDHIP.
Duan added, “Our strategy is designed to capitalize on the growing demand for ambulatory care in off-campus medical office buildings, which has unlocked increased demand for consumer-centric healthcare infrastructure. The supply of quality health care infrastructure is limited. due to a lack of speculative construction. Large addressable markets and fragmented ownership provide our business with massive growth opportunities, and healthcare infrastructure tenants have high retention rates due to high change and fit-out costs. “
About CD Healthcare Infrastructure Partners LLC
CD Healthcare Infrastructure Partners is a vertically integrated real asset investment platform focused on executing a core medical office building deployment strategy that generates high current revenues and facilitates the delivery of healthcare consumer-centric.
As an infrastructure investment firm, CDHIP offers its investors risk-adjusted returns with uncompromising principles. Investments follow a risk control process of identifying risks, quantifying risks and mitigating risks. Beyond traditional real estate investment techniques, the CDHIP deploys massive data and tools to support the underwriting of credit to doctors and the analysis of the health sub-sector, involving the drivers of demand, the risks of reimbursement, the competitive medical landscape and the assessment of supply and demand.
Media contact
Claire Duan
Founder and Director
CD Healthcare Infrastructure Partners LLC
[email protected]
(646) 883-1939
SOURCE CD Healthcare Infrastructure Partners LLC
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