OrbVest Announces the Acquisition of the Cincinnati Medical Office

On Mar 17, 2022

OrbVest expands its medical office property portfolio with the acquisition of the Cincinnati Medical Office, a 67,356 SF facility with two well-maintained Class A Medical Office properties in Cincinnati, Ohio

Cincinnati, Ohio–(Newsfile Corp. – March 16, 2022) – OrbVest (ORB), a global real estate company investing in income-producing medical commercial real estate in the United States, recently closed on its acquisition of the Cincinnati Medical Office, a 67,356 SF facility with two well-maintained Class A Medical Office properties in Cincinnati, Ohio.

OrbVest Announces The Acquisition Of The Cincinnati Medical Office

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Known for their investment team’s prowess in identifying and investing in high quality income-producing medical real estate, OrbVest has experienced tremendous growth in 2021, expanding its portfolio with properties in many of the most desirable real estate markets in the United States.

“The purchase of the Cincinnati Medical Office is part of our continued expansion in Ohio and other parts of the country. The decision is influenced by the underlying fundamentals that guide every acquisition by OrbVest. With an estimated population of 2,190,209, Cincinnati currently ranks as Ohio’s largest metropolitan area and has strong growth potential. Consequently, we expect the acquisition will deliver strong returns for investors into the future,” said Martin Freeman, OrbVest CEO.

As the spread of COVID-19 slows down and patients resume elective procedures and non-essential visits that had been previously postponed, medical office facilities are expected to continue to be in high demand, due in part to the fact that employment rates in the healthcare industry rebounded a lot faster than the job market as a whole. Additionally, medical office facilities did not see the same steep declines in demand that most other commercial property types did during the height of the pandemic.

In general, healthcare real estate is a stable market sector. The market has seen a surge of interest in healthcare real estate based on their expected profitability and predicted future investment returns. OrbVest has been rapidly expanding its real estate investment portfolio by purchasing medical office properties across the United States.

The portfolio totals 67,356 SF with a current occupancy of 95%, representing an excellent opportunity to acquire a stabilized medical office portfolio in two of Greater Cincinnati’s most desirable submarkets, Kenwood and RedBank. The recent acquisition is an addition to the over 1.4 million square feet portfolio managed by OrbVest, representing over $400 million of specialized medical real estate.

Kenwood Crossing II is the first property in the portfolio, strategically located in the Kenwood submarket. The two-story property is currently 100% occupied and remains one of the most sought-after properties in the area.

The second property completed in 2007 is Red Bank Village, located in the Red Bank medical corridor. It currently has only one vacant space totaling 3,356 SF, with plans by OrbVest to effectively advertise the space to lease up in the first year of ownership to boost revenue and occupancy.

Both properties in the Cincinnati Medical Office Portfolio are situated within close proximity to their respective market Hospital System drivers. The Kenwood property is located near Mercy Health’s The Jewish Hospital, and the Red Bank property is located near the 400,000 SF campus for Medpace, a leading global clinical research organization. The Red Bank property is also in close proximity to The Christ Hospital’s 65,000 SF medical campus, home to both primary and specialty care services as well as surgical, imaging, and laboratory facilities.

The Portfolio has a strong in-place cash flow and a healthy tenant mix, including DaVita Dialysis, a national provider of dialysis services, TriHealth, one of Cincinnati’s leading hospital systems, and OrthoCincy, a leading regional provider of orthopedic medicine.

For more information about OrbVest visit: https://orbvest.com/.

About OrbVest

OrbVest Limited (“ORB” – Incorporated in the Republic of Seychelles on October 5, 2015 and began trading on July 1, 2018; Share Code ORB; ISIN: SC9998EIJC16).

OrbVest is a global real estate company that invests in US income producing medical commercial real estate. Within seven years, OrbVest has assembled a portfolio of over 1.4 million square feet representing over $400m in real estate.

OrbVest’s goal is to make investing in global real estate simple for small and large investors. Clients use a convenient online platform to invest directly into low-risk commercial assets, primarily in the Healthcare niche.

OrbVest Media Contact

Todd William
OrbVest Limited
888.975.3331
[email protected]

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