DALLAS, Jan. 16, 2013 /PRNewswire-iReach/ -- Physicians' Capital Investments, LLC (PCI), a leader in medical real estate development and medical investment solutions, and Physicians' Capital Markets, LLC (PCM), a leader in innovative capital formation solutions, are pleased to announce the completion of development and funding (via a combination of non-recourse debt and direct participation of equity financing) of four renal dialysis center projects master leased by either Fresenius Medical Corporation, N.A. or DaVita, the kidney care division of DaVita HealthCare Partners Inc. These projects are located in Chula Vista, CA, Hainesport, NJ, South Holland, IL and Amarillo, TX, and one medical practice office building located in Amarillo, TX.
The combined square footage of the four renal dialysis facilities measures 39,196 square feet and a total sales price of $14,768,000, of which $3,019,000 was raised via direct participation equity financing. The equity was raised primarily through the local physician investors who will practice in the respective facilities as well as through other physician investors in PCI's growing portfolio of real estate partnerships. PCM operated as the selling agent to the transactions which were sold pursuant to the regulations associated with Regulation D private placement offerings.
Patient care within the renal dialysis facilities will be provided by either FMC or DVA in conjunction with each provider's local nephrology practice group.
The medical practice office building measures 3,500 square feet and was sold to the local practice under owner occupied financing for $1,080,000.
"PCI experienced exponential year-on-year growth in 2012. We look forward to the opportunities 2013 will bring and are excited to leverage PCM's experience to enable PCI to meet its direct participation of equity financing needs and extend our business model across the country," said Pedro Juan Vergne-Morell, CEO of PCI.
"The transparency of PCI's offerings coupled with very solid, credit-worthy leases make these investment vehicles attractive to many accredited investors. PCM looks forward to facilitating many more of these transactions in accordance to FINRA and SEC guidelines for many years to come," stated Leete Jackson, Managing Member of PCM.
About Physicians' Capital Investments, LLC (PCI)
Founded in 2007, PCI is owned in part by physicians. PCI has over 100 years of combined medical construction/development, clinical care, and healthcare management experience. During the last five years, PCI has successfully developed customized, high-quality, modern, and efficient medical office and clinical facilities across the United States. PCI guides each project by providing ongoing expertise in project management, development, financing, lease negotiations, facility and investment management services. Typically, PCI provides a unique opportunity for individual physicians and their employees to purchase medical and clinical facilities while limiting liability. In addition to its Dallas headquarters office located at 8117 Preston Rd., Suite 400, Dallas, TX 75225, PCI also maintains a regional office at 1225 Seventeenth St., Suite 1750, Denver, CO 80202. For more information on PCI, please visit www.physcap.com.
About Physicians' Capital Markets, LLC (PCM)
Physicians' Capital Markets ("PCM") is affiliated with Richfield Orion International, Inc. ("ROI"), a broker-dealer located in Colorado Springs and a FINRA registered Broker/Dealer of which Leete Jackson is a Registered Representative. ROI provides alternative investments to accredited investors through Direct Participation Programs in the fractionalized ownership of healthcare oriented real estate. These equity offerings are exempt from the laws of the general securities registration process by meeting the qualifications outlined in Section 504 (commonly known as Regulation D) of the Securities Act of 1933. In addition, PCM provides buy/sell consultation to healthcare clients and physician groups with regards to acquisitions, re-capitalizations/re-syndications, and strategic re-alignments. To date, PCM's primary sector focus is healthcare. PCM is headquartered in Dallas, TX located at 8117 Preston Rd., Suite 400, Dallas, TX 75225. For more information on PCM, please visit www.physcapmarkets.com.
Sara Shanley Physicians' Capital Investments, 866-936-3089, firstname.lastname@example.org
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SOURCE Physicians' Capital Investments