CHICAGO, Aug. 6, 2024
/PRNewswire/ -- National Dental Healthcare REIT (NDH REIT), a
leader in the dental healthcare real estate sector and a
distinguished member of the Thurston Group portfolio, is
excited to announce the completion of its latest real estate
acquisition. This strategic acquisition strengthens NDH REIT's
position as a leader in the industry and demonstrates its ongoing
commitment to expanding its diverse portfolio.
The acquisition, finalized on June 28,
2024, includes 13 properties located across New York, Oklahoma, Florida, Texas, Indiana, Ohio, Georgia, and Virginia. This expansion increases NDH REIT's
total portfolio to 187 properties, with a combined acquisition
value of $234 million.
Patrick J. Haynes III, Chairman
and CEO of Thurston Group, shared his enthusiasm about the
acquisition, stating, "We are proud to finalize the acquisition of
these 13 properties, marking a substantial enhancement of our real
estate portfolio. This acquisition not only expands our
geographical footprint but also emphasizes our unwavering
dedication to providing top-tier healthcare real estate
solutions."
Dr. Brian Stone, DDS, MD, a
valued partner from Southern Surgical Arts and current President of
the Southwest Society of Oral and Maxillofacial Surgeons, expressed
his excitement about the collaboration, stating, "Partnering with
NDH REIT has been a transformative experience for our portfolio.
Our goal is to diversify our holdings while maintaining our steady
revenue stream and alleviating the burden of property ownership. By
teaming up with NDH REIT, we can enjoy the benefits of
diversification while putting our equity to work in an
institutional quality portfolio."
This acquisition demonstrates NDH REIT's ongoing success and
momentum in the healthcare real estate sector. As the company
continues to expand its portfolio and forge strategic partnerships,
it remains committed to delivering industry-leading real estate
solutions in the dental market.
For media inquiries or further information, please contact:
Dallas Margeson
Acquisitions Director
dmargeson@ndhreit.com
229-347-4507
About National Dental Healthcare REIT (NDH REIT):
National Dental Healthcare REIT (NDH REIT) is a leading player
in the healthcare real estate sector, specializing in the
acquisition and management of prime dental properties across
the United States. With a current
ownership of 187 dental properties, NDH REIT is dedicated to
providing optimal solutions for dental real estate owners, driving
innovation and growth within the industry. For additional
information on NDH REIT, please visit NDH REIT's website at
https://nationaldentalreit.com.
About Thurston Group:
Thurston Group is a Chicago-based private equity firm that focuses
on building industry-leading companies in healthcare and related
business services sectors. Thurston has an extensive track record of
partnering with physicians and building fast-growing healthcare
businesses, including some of the largest dental service support
organizations such as Smile Doctors, U.S. Endodontics Partners,
U.S. Oral Surgery Management, South Georgia Dental Management, and
Gen4 Dental Partners, among others. Over its 38-year history,
Thurston Group has returned over $4B
of invested capital. For additional information about Thurston
Group, please visit Thurston Group's website at
www.thurstongroup.com.
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SOURCE National Dental Healthcare REIT