Alliance Consolidated Group of Companies announced on October 20 it has acquired a portfolio of four net-leased medical office buildings in central Florida. The properties, which total 25,483 square feet and are located in Winter Haven, Lake Wales, Inverness and Pinellas Park, Florida, are all operated by Florida Dermatology and Skin Cancer Centers, a comprehensive dermatological center that specializes in general dermatology, cosmetic dermatology and skin cancer treatments.
Alliance purchased the properties from Florida Dermatology and Skin Cancer Centers as part of a sale-leaseback. The $8.6 million acquisition is the second made by Alliance Medical Fund I, a $50 million equity investment vehicle that launched earlier this year to acquire net-leased medical and veterinary properties in high-growth markets across the U.S.
Founded in 1995, Alliance Consolidated Group of Companies is a real estate investment firm that specializes in net-leased medical buildings, with a portfolio spanning more than 10 states across the U.S. All of its assets are operated by Alliance’s in-house management team.
According to the LevinPro HC database, this marks the 177th acquisition in the medical office building subsector, and the 14th MOB acquisition of the month/quarter. This also marks Alliance’s second acquisition of the year. The real estate investment firm acquired a Las Vegas, Nevada MOB last month for $6.8 million.
