Acquisition Pipeline

Where Your Money Goes: Target Healthcare Properties

MedVest targets healthcare properties in America's fastest-growing markets. Below are representative profiles of properties in our acquisition pipeline. MedVest is in capital formation — no properties have been acquired yet.

5

Properties in Pipeline

Across 5 Sunbelt metros

7.5%

Avg. Target Cap Rate

Above REIT industry average

$4.2M

Total Pipeline Value

Phased acquisition strategy

$315K

Est. Annual Rent

NNN leases, target properties

I — Target Property Profiles

Five Properties in Our Acquisition Pipeline

These representative profiles reflect the types of properties we are actively sourcing and evaluating. Each meets our strict underwriting criteria for tenant quality, lease structure, and location fundamentals.

1

Multi-Tenant Medical Office Building

Suburban Atlanta, GA (Gwinnett County)
Actively SourcingMOB-ATL-01

Class B+ medical office in high-growth Gwinnett corridor, 0.5 miles from Northside Hospital. Tenants include a multi-physician primary care group, a dental surgery practice, and a physical therapy clinic. All leases include 2.5% annual escalators.

Size

15,200 SF

Est. Price

$1.05M

Cap Rate

7.4%

Annual Rent

$77,700

Lease Type

NNN

Lease Term

8–12 year terms

Hospital-adjacent location97% occupied since 2019Below-replacement cost basis
2

Outpatient Specialty Clinic

Tampa, FL (Hillsborough County)
Actively SourcingOPC-TPA-01

Purpose-built outpatient cardiology and vascular clinic operated by BayCare Health System. Located in a rapidly growing suburb with 18% population growth over the past decade. Lease is corporate-guaranteed by the health system.

Size

8,400 SF

Est. Price

$620K

Cap Rate

7.7%

Annual Rent

$47,700

Lease Type

NNN

Lease Term

10-year term, 2 renewal options

Corporate-guaranteed leasePurpose-built medical facilityHigh-growth Tampa market
3

Urgent Care & Walk-In Clinic

Dallas–Fort Worth, TX (Collin County)
PipelineUCF-DFW-01

Freestanding urgent care facility on a high-visibility retail pad in Frisco, TX. Operated by a nationally recognized urgent care brand with 500+ locations. Strong walk-in traffic from surrounding residential developments and retail corridor.

Size

5,800 SF

Est. Price

$480K

Cap Rate

8.1%

Annual Rent

$38,900

Lease Type

NNN

Lease Term

15-year initial term

National-credit tenant15-year lease provides income stabilityDFW top-3 U.S. growth market
4

Ambulatory Surgery Center

Phoenix, AZ (Maricopa County)
PipelineASC-PHX-01

Modern ambulatory surgery center with adjacent diagnostic imaging suite. Anchored by a 6-physician orthopedic surgery group performing 2,400+ procedures annually. Phoenix metro is adding 60,000+ residents per year with a surging 65+ population.

Size

12,600 SF

Est. Price

$1.35M

Cap Rate

7.0%

Annual Rent

$94,500

Lease Type

NNN

Lease Term

10-year terms with 3% escalators

Procedure-driven revenue stabilityCo-located imaging creates referral synergyFastest-growing U.S. metro
5

Medical Office — Women's Health Center

Raleigh–Durham, NC (Wake County)
Actively SourcingMOB-RDU-01

Well-maintained medical office housing an established OB/GYN practice (18 years at this location) and a regional lab services company. Located in the Research Triangle, one of the strongest healthcare employment markets in the Southeast.

Size

9,800 SF

Est. Price

$740K

Cap Rate

7.6%

Annual Rent

$56,200

Lease Type

NNN

Lease Term

9-year weighted average lease term

Long-tenured anchor tenantResearch Triangle healthcare ecosystemStrong demographic demand drivers

Property profiles are representative of our target acquisition types and based on current market research. Specific properties may differ at time of acquisition. All figures are estimates subject to due diligence.

II — Acquisition Criteria

Our Underwriting Standards

Every property must pass our rigorous screening process. We apply institutional-grade underwriting to identify healthcare properties with stable income, strong tenants, and favorable market dynamics.

Property Types

  • Medical office buildings (MOB)
  • Outpatient clinics & specialty practices
  • Urgent care facilities
  • Ambulatory surgery centers (ASC)

Size & Price Range

  • 5,000 – 25,000 square feet
  • $400K – $1.5M per acquisition
  • Portfolio target: 5–10 properties at scale
  • Sweet spot: below institutional radar

Target Geography

  • Sunbelt metros: Atlanta, Tampa, Dallas, Phoenix, Raleigh
  • Population growth markets (top-25 MSAs)
  • Suburban medical corridors near hospitals
  • States with favorable landlord laws

Tenant Quality

  • Health systems & hospital-affiliated practices
  • Physician groups with 5+ year operating history
  • National urgent care & dental brands
  • Corporate-guaranteed or physician-guaranteed leases

Lease Structure

  • Triple-Net (NNN) leases only
  • 7–15 year initial lease terms
  • Built-in 2–3% annual rent escalators
  • 95%+ occupancy at acquisition

Return Targets

  • 7.0–8.5% going-in cap rate target
  • Quarterly distributions intended after acquisitions
  • 2–3% annual rent growth built into target leases
  • Target yield: 6–8% annually (not guaranteed)

Our Screening Funnel

For every property we acquire, we evaluate approximately 50 opportunities. Our multi-step process ensures only the highest-quality assets enter the fund.

50

Opportunities Reviewed

12

Pass Initial Screen

3

Full Underwriting

1

Acquired

III — Deployment Timeline

From Capital Raise to Quarterly Income

This is the operating timeline MedVest is working toward. Acquisition timing depends on capital raised, property availability, diligence outcomes, financing conditions, and closing logistics.

Phase 1Now — Q2 2026Current Phase

Capital Formation

Raise $250K–$500K

Sell Founding Units at $25 each. Build investor base through Founding Investor Program. Establish fund infrastructure and banking.

2
Phase 2After capital target and diligence milestones are met

First Acquisition

Deploy into Property #1

Pursue the first medical office acquisition once capital, diligence, and closing conditions support it. Rental income begins only after a completed acquisition.

3
Phase 3First full quarter after acquisition

First Distribution

Pay first quarterly dividend

Collect rent, deduct fund expenses, and distribute net income to all unit holders proportionally. Target 6–8% annualized yield (not guaranteed).

4
Phase 4Months 6–18

Portfolio Growth

Acquire properties #2–5

Continue raising capital and acquiring additional properties to diversify across markets, tenant types, and property sizes. Each acquisition adds income to the fund.

How to read the acquisition timeline

MedVest has candidate properties in its pipeline, but pipeline visibility is not the same as a guaranteed closing date. Capital raised, diligence findings, financing, and seller execution all affect timing. The goal is to move efficiently without overstating certainty.

IV — The Math: How Properties Generate Your Returns

From Rent Collection to Your Quarterly Dividend

After acquisitions close, healthcare tenants would pay rent monthly under NNN leases. After fund expenses and reserves, any distributable cash could be paid quarterly to investors in proportion to the number of units they hold.

Example: A Single Property Acquisition

Purchase Price

$500K

Medical office, suburban Atlanta

Annual Rent (NNN)

$40,000

3 healthcare tenants

Cap Rate

8.0%

$40K ÷ $500K

Net to Fund*

$36,000

After ~10% fund expenses

Yield to Investors

7.2%

Distributed quarterly

What This Means for Your Investment:

$25

1 unit

$1.80/yr

$0.45/qtr

$1,000

10 units

$72/yr

$18/qtr

$5,000

50 units

$360/yr

$90/qtr

$25,000

250 units

$1,800/yr

$450/qtr

Pipeline Property Economics

Projected returns per $25 Founding Unit, by property type

Medical Office (Atlanta)

3 NNN-leased healthcare tenants

$500K

$40,000

8.0%

~$2.00

Urgent Care (Dallas)

National-brand 15-year lease

$480K

$38,900

8.1%

~$2.03

Outpatient Clinic (Tampa)

Health system corporate guarantee

$620K

$47,700

7.7%

~$1.93

Blended Portfolio Avg.

Diversified across 5+ properties

$4.2M (target)

$315K

7.5%

~$1.88

*All projections are illustrative and based on estimated market rents and cap rates. Actual returns will vary based on acquisition price, tenant creditworthiness, occupancy, and market conditions. Fund expenses estimated at ~10% of gross rental income. Past performance is not indicative of future results.

V — Why These Markets

Targeting America's Highest-Growth Healthcare Markets

We focus on Sunbelt metros with explosive population growth, strong healthcare employment, and favorable business environments — the markets where medical facility demand is growing fastest.

Atlanta, GA

+14%10yr pop. growth

Metro pop: 6.2M

Healthcare hub: Emory, Piedmont, Northside systems

Tampa, FL

+18%10yr pop. growth

Metro pop: 3.3M

BayCare, AdventHealth, Moffitt Cancer Center corridor

Dallas–Fort Worth, TX

+20%10yr pop. growth

Metro pop: 8.1M

Top-3 U.S. metro, massive healthcare infrastructure expansion

Phoenix, AZ

+16%10yr pop. growth

Metro pop: 5.1M

Banner Health, HonorHealth, fastest-growing retirement destination

Raleigh–Durham, NC

+22%10yr pop. growth

Metro pop: 2.1M

Research Triangle: Duke, UNC Health, WakeMed, biotech corridor

Invest at the Ground Floor

Join MedVest at the ground floor of a healthcare real estate fund. These are the types of properties we intend to acquire. Distributions begin only after acquisitions and rent collection. Founding Units start at $25.