Curating Best-in-Class Portfolio
Recent Investment Illustrates the Opportunity
4Q 2022 Acquisition of $520 million Dental Portfolio
Captive density (average 5-mile population greater than 100k) in high growth
markets supports EBITDAR
Loxahatchee
DENTAL CARE
ā
Client
REALTY
INCOME
Leading Dental Support Organization
Largest scale operator in its markets
Investment Thesis
224 property portfolio across the Southeast,
Northeast and Midwest
~9 year WALT with superior CFC
Relationship-driven transaction with a key
player in market consolidation
Realty Income's ability to offer certainty of execution and
seamlessly assume management of a 200+ property portfolio
was a competitive advantage in bidding process.
Economics
Robust spread to cost of capital at time of
acquisition
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