Dieppe, NB (Nov. 1, 2020).
The Orthodontist property owner had recently sold his practice to a corporate group and wanted to simultaneously divest of the responsibility and time required to continue managing and maintaining the facility. Thrive Healthcare Partners was approached by the Doctor about purchasing the building and leasing it back to the corporate group. Thrive Healthcare Properties provided a competitive offer to purchase the facility and the Doctor chose to roll forward a portion of his proceeds into an overall ownership stake in Thrive Healthcare Properties.
This liberated the Doctor from the on-going challenges of being a landlord, provided immediate cash, as well as the opportunity to become a passive investor in Thrive Healthcare Properties – generating regular dividends and accretive share value over time. The Orthodontist real estate owner viewed the transaction as a win/win.