Gulf Coast Professional Tower
Biloxi, MS 39531
Acquisition Criteria
Acquisitions Overview
Highgate Partners believes that the current economic environment strongly favors the pursuit of opportunistic and value-add healthcare assets, which fit the following criteria: Growth markets in the United States – Middle-market transactions valued between $5 and $25 million dollars – Distressed assests or fatigued owners/lenders – Pricing below replacement cost.
Highgate Partners acquires the majority of its investment assets from private, institutional, and community banks. Our philosophy is to provide selling entities with a sophisticated and reliable acquisition partner when disposing of their real estate assets. Our ability to move quickly in a sophisticated, diligent manner has allowed our team to secure most of its recent commercial real estate product off-market and thus able to acquire the real estate at less of a premium compared to buildings marketed by a broker.
Proven Track Record
Our principals have a combined 70+ years of experience in the commercial real estate industry, having been involved in all aspects of the business – ownership, brokerage, development and property management. Our team has been directly involved in more than 26 million square feet of real estate transactions totaling more than $2.1 billion.
We’ve closed roughly $750 million of transactions in that past 36 months inclusive of over $175 million of acquisitions. Our focus as it relates to acquisitions is to find well-located, value-add opportunities that have outstanding problems that need to be resolved. Whether it be a property management issue, a leasing issue, or physical building issue, our strategy is to address each challenge head-on and resolve all matters in a very short period of time. We’re able to do that because of our expertise in the industry as well as our strong company platform. While each acquisition is different, our preferred hold period is 24 to 36 months for each transaction with an average return to Limited Partners of 48.58% (inclusive of the 8% annual preferred return)
Investment Critieria
Product Type
- Medical Office Buildings (Core Plus & Value Add)
Location
- Nationwide with a focus in the Southeast, Southwest, & Midwest Markets
Transaction Size
- $5,000,000 to $25,000,000
Tenancy
- Clinical Use Build-Out with Physician Tenancy
Occupancy
- Current Occupancy of 60% or higher
Closing Terms
- Ability to close quickly with deep banking relationships as a leveraged buyer or as an all cash buyer if needed
Transaction Type
- Value-Add & Core Plus Opportunities
- User Sales
- Distressed Assets
- Sale Leaseback Transactions
- Joint Venture Opportunities
- Recapitalization Opportunities
- Opportunistic Transactions
Recent Acquisitions
- Size: 64,778 SF
- Property Type: Medical Office
- Property Class: B
- Acquisition Date: 12/21/2021
- Dispostion Date: Active
- Size: 39,066 SF
- Property Type: Medical Office
- Property Class: B
- Acquisition Date: 12/1/2021
- Dispostion Date: Active
Savannah Medical Office Building
Savannah, GA 31405
- Size: 26,972 SF
- Property Type: Medical Office
- Property Class: B
- Acquisition Date: 9/1/2022
- Dispostion Date: Active
Huntsviille Medical Office Building
Huntsville, TX 77340
- Size: 62,988 SF
- Property Type: Medical Office
- Property Class: B
- Acquisition Date: 10/21/2022
- Dispostion Date: Active
Extremity Health Provider Portfolio
Woodstock, GA 30189
- Size: 29,525 SF
- Property Type: Medical Office
- Property Class: B
- Acquisition Date: 2/15/2023
- Dispostion Date: Active
Robinson Creek Medical Center
Huntsville, TX 77340
- Size: 10,890 SF
- Property Type: Medical Office
- Property Class: B
- Acquisition Date: 12/20/2019
- Dispostion Date: Active
Wellbrook Medical Office Portfolio – 1292 & 1368
Conyers, GA 30012
Let’s Get in Touch
Let us know what you are looking for
Highgate Partners is a full service commercial real estate firm with a primary focus on the acquisition of medical office buildings throughout the United States. In addition, Highgate Partners includes a seasoned brokerage team with over 80 years of commercial real estate experience and a transaction volume totaling north of $3.0 billion.