CD Health Infrastructure Partners is capitalizing on the aging population in Northern Phoenix.
The vertically integrated real asset investment firm acquired one medical office building, primarily leased out to Banner Health, in Paradise Valley, Arizona. Banner currently has the largest healthcare system in Arizona with over 50,000 employees. The medical office building has approximately 13,800 square feet, but the price for the facility was not disclosed.
The Northern Phoenix area benefits from high population density and rapidly growing aging demographics. In particular, the population of age 75 and older within a 15-minute drive time is expected to grow at 5.8% per year from 2020 to 2025.
“Healthcare Infrastructure provides compelling risk-adjusted returns, as health care is a necessity. The rapidly growing aging population and expansion of the insured population are driving increased demand for good quality assets in attractive locations. This acquisition fits well with CD Health Infrastructure Partners’s mandate to facilitate health care delivery in a low-cost and convenient setting nearby where people live and work,” said Curt Greer, Chairman of CD Health Infrastructure Partners.
This is the first acquisition for CD Health Infrastructure Partners, but we expect to see more deals from the company as they capitalize on the aging demographic trends in the healthcare real estate market.
