WASHINGTON, DC & PENSACOLA, FL (November 2021) – Catalyst Healthcare Real Estate (“Catalyst HRE”), a national healthcare real estate developer, and National Real Estate Advisors, LLC (“National”), an investment manager specializing in a build-to-core investment strategy, developing, and managing large-scale commercial projects on behalf of its clients, announced today a new joint venture partnership.
The partnership will enable Catalyst HRE to continue expanding its portfolio of medical office buildings throughout the United States and allow National to further its mission to deliver solid, long-term returns on investment for clients while making communities more connected, sustainable, and vibrant.
I am extremely proud to announce our strategic partnership with National. as healthcare delivery continues to evolve, this new partnership will allow Catalyst to remain committed to our mission of creating better access to best-in-class providers and producing quality outcomes in healthcare real estate, all while building long-lasting relationships throughout healthcare,” said Chad Henderson, Founder & CEO of Catalyst HRE. “We are thankful that National shares our viewpoint of the significance of a partnership approach and the positive impact it has on healthcare, its providers, and the communities they serve.”
The partnership has closed on three to-be-developed assets, with additional assets expected to close before the end of the year. The first three joint venture developments include:
- A 74,640-square-foot inpatient rehab facility for PAM Health in Miamisburg, Ohio, with 42 inpatient rehabilitation beds and 20 long-term care beds
- A 51,500-square-foot inpatient rehab facility for PAM Health in Venice, Florida with 42 inpatient rehabilitation beds
- A 23,700-square-foot medical office building for Dupont Hospital in Fort Wayne, Indiana
“We are excited to expand our medical office portfolio and believe that this venture represents a truly unique combination of National’s decade of investment experience and Catalyst’s healthcare real estate expertise,” said Jeffrey Kanne, President and CEO of National. “With excellent partners in place, we seek to generate good returns, create good jobs and deliver high-quality health care solutions throughout the country.”
ABOUT CATALYST HEALTHCARE REAL ESTATE
Catalyst Healthcare Real Estate is a nationwide full-service healthcare real estate firm. Our team of experts provide 100% of our development and acquisition services on an in-house basis. Catalyst concentrates exclusively on healthcare and provides comprehensive solutions for integrated health systems, physician groups, academic medical systems, and hospitals. Our platform and expertise in real estate help health systems navigate the ever-evolving changes in healthcare delivery.