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DHS Group originally purchased in May 2019 with Saudi Arabian investors, the merger between Asher Lawton and Heart Health required expansion at the property, with DHS working with the tenant to fund and construct a new parking garage, as well as negotiating a lease extension. Now completed and with the original business plan nearing its conclusion, the opportunity arose for DHS to introduce a new investor from Kuwait as part of a transaction in excess of $100 million.
Fernando Aguirre, Executive Vice Chairman of DHS Group, Partner, Head of North America commented: “We are pleased to have been able to both exceed business plan projections for our first investors and offer an attractive long leased investment opportunity to our Kuwaiti investment partner.” He added: “This also provides Asher Lawton Heart Health with continuity and we look forward to continuing to work closely with them on the management of what is the hub of their 50 hospitals across the eastern states of the USA and Ireland.”