CD Healthcare Infrastructure Partners (CDHIP), a real estate infrastructure fund dedicated to facilitating consumer-centric healthcare delivery, has acquired a medical property in Phoenix.
The property is primarily leased to Banner Imaging, a part of Banner Health, the largest healthcare system in Arizona. Banner Imaging provides MRI, mammography, CT, X-Ray, ultrasound, fluoroscopy and other imaging services.
The property is located in Paradise Valley, Ariz., one of the most affluent areas of metro Phoenix.
“Healthcare infrastructure provides compelling risk-adjusted returns, as healthcare is a necessity,” said Curt Greer, chairman of CDHIP. “The rapidly growing aging population and expansion of the insured population are driving increased demand for good-quality assets in attractive locations. This acquisition fits well with CDHIP's mandate to facilitate healthcare delivery in a low-cost and convenient setting nearby where people live and work.”