{"id":1004230346,"date":"2018-05-17T02:01:40","date_gmt":"2018-05-17T10:01:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004230346"},"modified":"2022-12-08T17:49:29","modified_gmt":"2022-12-09T01:49:29","slug":"capital-square-1031-grabs-multi-state-mob-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/","title":{"rendered":"Capital Square 1031 Grabs Multi-State MOB Portfolio"},"content":{"rendered":"<p>By Gail Kalinoski<\/p>\n<div id=\"attachment_1004230354\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004230354\" data-attachment-id=\"1004230354\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/fresenius-medical-care\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Fresenius Medical Care in Fort Worth, Texas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Fresenius Medical Care in Fort Worth, Texas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg?w=800\" class=\"wp-image-1004230354 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg\" alt=\"Fresenius Medical Care in Fort Worth, Texas\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004230354\" class=\"wp-caption-text\">Fresenius Medical Care in Fort Worth, Texas<\/p><\/div>\n<p>Capital Square 1031, a Glen Allen, Va.-based real estate investment and management company, is expanding its medical office building holdings with the acquisition of nine properties in five states. Each asset is 100 percent leased to Fresenius Medical Care, which provides dialysis services and products. The deal includes properties in Texas, Tennessee, New York, Michigan and Mississippi.<\/p>\n<p>The newly acquired assets are:<\/p>\n<ul>\n<li>5000 Campus Drive, Fort Worth, Texas, 10,640\u00a0square feet<\/li>\n<li>9449 Grogans Mill Road, The Woodlands, Texas,\u00a06,865\u00a0square feet<\/li>\n<li>825-833 Dalworth St., Grand Prairie, Texas,\u00a09,150\u00a0square feet<\/li>\n<li>222 E. Sinton St., Sinton, Texas,\u00a08,000 square feet<\/li>\n<li>3600 Netherland Inn Road, Kingsport, Tenn.,\u00a07,028\u00a0square feet<\/li>\n<li>113 E. C Thurmond Cove, Martin, Tenn.,\u00a04,600 square feet<\/li>\n<li>220 Crystal Run Road, Middletown, N.Y.,\u00a010,000 square feet<\/li>\n<li>5205 McAuley Drive, Ypsilanti, Mich.,\u00a07,800 square feet<\/li>\n<li>241 Meadowlane St., Eupora, Miss.,\u00a03,215 square feet<\/li>\n<\/ul>\n<p><em>\u201cThis is a diversified portfolio of well-located medical clinics with new 15-year net leases guaranteed by Fresenius Medical Care Holdings, an investment-grade company,\u201d<\/em> Louis Rogers, founder &amp; CEO of Capital Square 1031, said in a prepared statement<em>. \u201cWe believe that medical real estate is a stable and recession-resistant asset class. This healthcare-related portfolio is an attractive opportunity for investors seeking a safe investment because dialysis is a necessary and recurring medical treatment for more than 2.5 million Fresenius patients worldwide. By expanding Capital Square\u2019s relationship with Fresenius, we are able to help a growing number of investors gain access to medical properties using the DST (Delaware statutory trust) structure.\u201d<\/em><\/p>\n<h2>Expanding mode<\/h2>\n<p>Last December, Capital Square 1031 acquired a <a href=\"https:\/\/www.commercialsearch.com\/news\/capitol-square-buys-ca-mob\/\">newly constructed medical office building<\/a> at 711 Valley Blvd. in Tehachapi, Calif. The property, located one mile from Adventist Health Tehachapi Valley hospital, was 100 percent leased to Sanderling Renal Services, a healthcare company that also provides dialysis services. Earlier in 2017, the company also purchased a newly built, 8,200-square-foot medical office building in Louisburg, N.C., a Raleigh suburb.\u00a0As of May 2, Capital Square 1031 had a national portfolio of 67 real estate assets valued at approximately $670 million.<\/p>\n<p><em>\u201cWith approximately 18 percent of the U.S. gross domestic product, as reported by the Centers for Medicare and Medicaid Services, and resistance to economic downturns, healthcare has proven to be a growing industry and a premier real estate asset class,\u201d <\/em>Rogers stated.<\/p>\n<p>In March, Rogers told <em>Commercial Property Executive<\/em>\u00a0that medical office buildings were the hottest asset class other than multifamily, because investors understood medical needs increased as the population aged. He noted that need-based, recession-resistant qualities of medical care offered a safe haven for investors. MOBs are also attractive investments because of the shift away from <a href=\"https:\/\/www.commercialsearch.com\/news\/picture-of-health\/\">hospital-based services<\/a>, financially stable tenants with investment-grade credit, adoption of new technology, health-care job growth and tight market conditions. Net absorption has also outpaced new supply and gross asking rents have been stable.<\/p>\n<p><em>Image courtesy of\u00a0Capital Square 1031<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nine assets in Texas, Tennessee, New York, Michigan and Mississippi are 100 percent leased to Fresenius Medical Care, a provider of dialysis services and products.<\/p>\n","protected":false},"author":1068,"featured_media":1004230354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21754,23891,21742],"tags":[33747,33748,33786],"class_list":["post-1004230346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-medical-office","category-national","category-latest","tag-capital-square-holdings","tag-fresenius","tag-louis-rogers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Capital Square 1031 Grabs Multi-State MOB Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Square 1031 Grabs Multi-State MOB Portfolio\" \/>\n<meta property=\"og:description\" content=\"The nine assets in Texas, Tennessee, New York, Michigan and Mississippi are 100 percent leased to Fresenius Medical Care, a provider of dialysis services and products.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-17T10:01:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:49:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/\",\"name\":\"Capital Square 1031 Grabs Multi-State MOB Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg\",\"datePublished\":\"2018-05-17T10:01:40+00:00\",\"dateModified\":\"2022-12-09T01:49:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg\",\"width\":800,\"height\":620,\"caption\":\"Fresenius Medical Care in Fort Worth, Texas\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Capital Square 1031 Grabs Multi-State MOB Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Capital Square 1031 Grabs Multi-State MOB Portfolio - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Capital Square 1031 Grabs Multi-State MOB Portfolio","og_description":"The nine assets in Texas, Tennessee, New York, Michigan and Mississippi are 100 percent leased to Fresenius Medical Care, a provider of dialysis services and products.","og_url":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-05-17T10:01:40+00:00","article_modified_time":"2022-12-09T01:49:29+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/","name":"Capital Square 1031 Grabs Multi-State MOB Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg","datePublished":"2018-05-17T10:01:40+00:00","dateModified":"2022-12-09T01:49:29+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg","width":800,"height":620,"caption":"Fresenius Medical Care in Fort Worth, Texas"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/capital-square-1031-grabs-multi-state-mob-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Capital Square 1031 Grabs Multi-State MOB Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fresenius-Medical-Care.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004230346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004230346"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004230346\/revisions"}],"predecessor-version":[{"id":1004230360,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004230346\/revisions\/1004230360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004230354"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004230346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004230346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004230346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}