CHICAGO, Dec. 19,
2023 /PRNewswire/ -- National Dental
Healthcare REIT (NDH REIT), a Thurston Group portfolio
company, is thrilled to announce the completion of a significant
real estate acquisition, marking a pivotal moment in the company's
strategic expansion amid the ongoing consolidation in the dental
industry.
On November 9, 2023, NDH REIT
finalized the acquisition of a diverse group of dental properties
comprising 8 locations, totaling 35,826 square feet. These
properties are strategically located across key states, including
Texas, Indiana, Georgia, South
Carolina, Kentucky,
Missouri, and Alabama.
This expansion aligns seamlessly with NDH REIT's commitment to
broadening its dental real estate portfolio, now surpassing
$200,000,000 in acquired value and
over 160 properties owned within the portfolio.
"This strategic acquisition underscores our dedication to
providing innovative solutions for dental real estate owners and
solidifies our position as a leader in the industry," said
Daniel Davis, President of National
Dental Healthcare REIT. "As we surpass the 160-property mark,
we are excited about the continued growth and value we are bringing
to our stakeholders."
Patrick J. Haynes III, Chairman
and CEO of Thurston Group, commented on the synergy between NDH
REIT and Thurston Group's commitment to innovation,
stating, "Thurston Group has always been at the forefront of
industry trends and first-mover initiatives. NDH REIT's success is
a testament to the vision and execution of the Thurston playbook.
We are proud to contribute to the evolution of the dental real
estate market."
As NDH REIT propels this momentum into 2024, both NDH REIT and
Thurston Group remain resolute in their commitment to advancing and
shaping the future of dental real estate, with an optimistic
outlook on the transformative journey that lies ahead.
For media inquiries or further information, please
contact:
Dallas Margeson
Acquisitions Director
dmargeson@ndhreit.com
229-347-4507
About National Dental Healthcare REIT (NDH REIT):
National Dental Healthcare REIT (NDH REIT) is a leading player
in the healthcare real estate sector, specializing in the
acquisition and management of prime dental properties across
the United States. With a current
ownership of 165 dental properties, NDH REIT is dedicated to
providing optimal solutions for dental real estate owners, driving
innovation and growth within the industry. For additional
information about NDH REIT, please visit NDH REIT's website at
https://nationaldentalreit.com.
About Thurston Group:
Thurston Group is a Chicago-based private equity firm that focuses
on building industry-leading companies in the healthcare and
related business services sectors. Thurston has an extensive track
record of partnering with physicians and building fast-growing
healthcare businesses, including Smile Doctors, U.S. Endodontics
Partners, US Oral Surgery Management, South Georgia Dental
Management, U.S. Orthopaedic Partners, Gen4 Dental Partners and ARC
Health, among others. Over its 37-year history, Thurston Group has
returned over $4B of invested
capital. For additional information about Thurston Group, please
visit Thurston Group's website at www.thurstongroup.com.
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SOURCE National Dental Healthcare REIT