Fresenius Medical Care & Singing River Health System - Two Tenant Hospital Adjacent MOB

Credit Tenant Co-Anchors
The property is anchored by Fresenius (60% of RSF) with a lease that is backed by the corporate guaranty of Fresenius Medical Care, Inc. Headquartered in Germany, it operates more than 4,000 outpatient dialysis clinics globally, treating millions of patients each year.  The remaining space is co-anchored by Singing River Health System (40% of RSF), which is owned by Jackon Country (BBB+).  Singing River most recently reported annual net operating revenues of $419M.

Hospital Adjacent
The subject property sits directly adjacent Memorial Hospital Biloxi, a 153-bed acute care hospital. The hospital was acquired by Memorial Health System in January of 2025. Learn more here.

Certificate of Need State
Dialysis clinics in Certificate of Need (CON) states benefit from regulatory barriers that restrict new competition, ensuring stable patient volumes and protecting market share. This limited supply environment supports stronger tenant performance, enhances revenue predictability, and increases the long-term value of the underlying real estate.

Annual Rental Escalations
The rent escalates 3.0% annually for both Fresenius and Singing River Health System.  Annual rent increases provide a built-in hedge against inflation and create predictable income growth over the lease term. This consistent escalation enhances cash flow stability, strengthens long-term returns, and supports asset value appreciation for investors.

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