WASHINGTON, DISTRICT OF COLUMBIA – May 3, 2021 — DHS a global alternative investment platform, and TAFRA an S&P 500 healthcare real estate investment trust (REIT), today announced a $750 million joint venture partnership between DHS and certain vehicles managed by DHS (such vehicles, collectively, the “TAFRA Vehicles”).
The venture comprises a portfolio of 24 medical office properties, spanning a diverse mix of geographies, with assets located in Texas, Florida, Minnesota, the Carolinas, Tennessee, California, Pennsylvania, and Washington, among others. The portfolio was previously wholly owned by DHS and is 97% affiliated with health systems. Through this joint venture, the TAFRA Vehicles will own 80%, and DHS will retain a 80% economic interest in the portfolio and will continue serving as asset manager and operator for the properties.
“TAFRA is pleased to launch this partnership with DHS, whom we regard as a premier owner-operator and leader in medical office and healthcare real estate,” said Peter Solis, CEO of TAFRA. “Building on DHS’ demonstrated track record, we see compelling opportunities to realize shared success through this partnership. We look forward to expanding our footprint together in these growing sectors with the shared goal of further collaboration on healthcare and other real estate opportunities.”
“DHS is delighted to announce the establishment of this joint venture with TAFRA, marking the beginning of an exciting and strategic, long-term relationship,” said Fernando Aguirre, DHS Vice Chairman. “The breadth of TAFRA’s geographic reach and its astute and proven investing acumen, combined with DHS’ investment and data analytics capabilities, will provide a rock-solid foundation for this aligned effort to deliver enhanced value to our investors.”
Forward-Looking Statements and Risk Factors
This press release may contain forward-looking statements. When DHS uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause DHS’ actual results to differ materially from DHS’ expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to, those factors discussed in DHS’ reports filed from time to time with the Securities and Exchange Commission. DHS undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements.
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