Oklahoma City, OK – Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate firm, brokered the sale of a 5-Property Enhance Dental Portfolio in Oklahoma for $5.9M. Vice President and Senior Director, Michael Moreno, Associate Vice President, and Senior Director, Rahul Chhajed, and Senior Associate, Thor St. John, brokered the transaction.
Enhance Dental specializes in enabling doctors to own their practices by providing support and benefits. Enhance Dental currently owns 29 dental practices in Oklahoma and one in Utah. The healthcare properties that make up the portfolio sale are in Edmond, Harrah, Shattuck, Nobile, and Kingfisher, OK.
“The 5-property portfolio transaction went under contract just one week after the listing agreement was signed,” said Associate Vice President and Senior Director Rahul Chhajed. “Also, we were able to close with the first buyer we put under contract and were able to achieve aggressive cap rates for secondary and tertiary markets.”
The seller is a growing dental group that needed to efficiently unlock capital to fund significant expansion plans. Matthews™ Healthcare Division was able to convey the direct benefits of a sale-leaseback to the selling group and provide guidance on lease structuring to optimize sales proceeds while being mindful of maintaining the company’s long-term financial health and corporate valuation. The buyer was a publicly-traded REIT.
“Matthews™ Healthcare Division has extensive experience with dental real estate assets and has sold more dental real estate assets than any other group in the country,” said Associate Vice President and Senior Director Michael Moreno. “Thanks to our unmatched expertise in this space, we were able to provide guidance on this new experience (sale-leasebacks) by answering questions and guiding our client along the way.”
Matthews™ Healthcare Division has been recognized by GlobeSt.com Real Estate Forum as Influencers in Healthcare. For more information regarding this sale or if you have any other questions related to healthcare property investment sales, please reach out to Thor St. John, Rahul Chhajed, and Michael Moreno.
Matthews Real Estate Investments Services™, the nation’s fastest-growing commercial real estate brokerage firm, holds recognition as an industry leader in investment sales and leasing. Founded in El Segundo, CA, and strategically positioned with over 300 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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