SENTA THREE-PROPERTY PORTFOLIO

OFFERING SUMMARY

Matthews Real Estate Investment Services™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a three-property medical outpatient portfolio located in the greater Louisville, Kentucky metro area. This relatively newly constructed, single-tenant, net-leased portfolio is occupied by Southern Ear, Nose, Throat & Allergy Physicians (SENTA) under three separate NNN leases with 2.5% annual rent escalations and a little over 10 years of remaining term.

Founded in 2019 with an investment from Shore Capital Partners—a private equity firm managing $9.1 billion in assets—SENTA (https://www.sentapartners.com/) has quickly established itself as a leading network of top-tier ENT and allergy/Immunology specialists across the Southern U.S. As of 2024, SENTA employs 196 providers and operates 77 locations across seven states, including five ambulatory surgical centers.

The portfolio boasts strong five-mile populations across all three properties with the Breckenridge Lane property having a five-mile population of nearly 250k, the Daisy Lane property having a five-mile population of 116k, and the Gagel Avenue property having a five-mile population of just under 200k.

INVESTMENT HIGHLIGHTS

• LONG-TERM LEASES – All leases across the portfolio have just over 10 years of remaining lease term, thus eliminating any potential near-term rollover risk.
• NNN LEASES – Each tenant lease is structured as a NNN lease thus offering investors a stable, predictable income stream with minimal landlord responsibilities.
• ANNUAL ESCALATORS – The tenant leases across the portfolio feature attractive 2.5% annual rent escalators thus ensuring investors increasing cash flow which will serve as a great hedge against inflation.
• HIGH-CALIBER OPERATOR – As of 2024, SENTA employs 196 providers and operates 77 locations across seven states, including five ambulatory surgical centers.
• RELATIVELY NEW CONSTRUCTION – The properties were constructed from 2016-2020, thus ensuring investors will have minimal capital expenditure requirements for the foreseeable future.
• ATTRACTIVE REAL ESTATE – The portfolio features three relatively recently constructed facilities that have significant curb appeal.
• DENSE MARKETS – The portfolio boasts strong five-mile populations across all three properties with the Breckenridge Lane property having a five-mile population of nearly 250k, the Daisy Lane property having a five-mile population of 116k, and the Gagel Avenue property having a five-mile population of just under 200k.
• STRONG SUB-MARKET POSITIONINGS – The portfolio is strategically located off major thoroughfares near retail centers thus ensuring strong visibility and convenience for prospective patients.
• GROWING LOUISVILLE METRO – According to recent data from Greater Louisville Inc., Louisville is poised for significant growth with 67 active projects potentially bringing 6,100 jobs and $2.9 billion in investments to the area. Alongside these developments, efforts to increase downtown residency and revitalize office culture further underscore the region’s expanding economic opportunities.
• NATIONALLY RECOGNIZED CITY FOR LIFESTYLE, AFFORDABILITY, BEAUTY, AND RELOCATION – Louisville has garnered national praise as a premier destination for living and working, highlighted by its rankings in Forbes, Southern Living, and Axios among others. It’s celebrated for its vibrant food scene, affordability, beauty, and strategic economic growth, reflecting its status as a top city for relocation and innovation.