Investor Presentation - Medical Office Sector
DEVELOPMENT CASE STUDY - FACEY MOB
System Relationship:
Key Details:
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Providence St. Joseph Health is the third largest nonprofit health system in the
nation
☐
"
Providence St. Joseph Health's first venture using 3rd party development
Strategic outpatient location in Santa Clarita
Providence St. Joseph Health Relationship:
Both DRE/HTA have an established relationship with Providence St. Joseph
Health
HTA owns and manages more than 250K SF on the campus of Providence
St. Joseph Mission Hospital in Mission Viejo
MOB Size: 37,000 SF
Estimated Total Cost: $25M
Build to Suit for Facey Medical Group
Yields:
10 Year, 100% Lease
☐ Stabilized: 6.55%
10-Year: 7.19%
Expected delivery in 2Q 2018
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Credit Rating: Aa2 (Moody's)
Investor Presentation | January 2018
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