National Dental Healthcare REIT (NDH REIT), a member of the Thurston Group portfolio, has announced the completion of its latest real estate acquisition.
The acquisition, finalized on June 28, 2024, includes 13 properties located across New York, Oklahoma, Florida, Texas, Indiana, Ohio, Georgia and Virginia.
NDH REIT partners with dental care providers in the general dental and specialty dental fields who own their real estate. NDH REIT was formed in mid-2020 by Thurston Group, a private equity firm focused on investments in healthcare service companies.
The acquisition of the properties 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.”
According to data captured in the LevinPro HC database, this acquisition represents the 116th medical outpatient building transaction of the year. This also marks NDH REIT’s second acquisition of 2024. The company announced its acquisition of a nine-building medical outpatient portfolio in June 2024.
