Investment Grade Credit MOB | Fresenius & Singing River
7.50% CAP | Recent Lease Extension
Marketing description
Colliers Net Lease Capital Markets is pleased to present the opportunity to acquire a Two-Tenant Hospital Adjacent Medical Office Building located at 784 Howard Avenue, Biloxi, Mississippi. The property is anchored by Fresenius Medical Care (59.9% of RSF) with a lease that is backed by the corporate guaranty of Fresenius Medical Care, Inc. Headquartered in Germany, it operates more than 4,000 outpatient dialysis clinics globally, treating millions of patients each year. The remaining space is co-anchored by Singing River Health System (39.9% of RSF), which is owned by Jackson County (BBB+). Singing River most recently reported annual net operating revenues of $419M.
The subject property sits directly adjacent Memorial Hospital Biloxi, a 153-bed acute care hospital. The hospital was acquired by Memorial Health System in January of 2025.
Investment highlights
- The property is anchored by Fresenius Medical Care (59.9% of RSF) with a lease that is backed by the corporate guaranty of Fresenius Medical Care, Inc. Headquartered in Germany, it operates more than 4,000 outpatient dialysis clinics globally, treating millions of patients each year. The remaining space is co-anchored by Singing River Health System (39.9% of RSF), which is owned by Jackson Country (BBB+). Singing River most recently reported annual net operating revenues of $419M.
- The subject property sits directly adjacent Memorial Hospital Biloxi, a 153-bed acute care hospital. The hospital was acquired by Memorial Health System in January of 2025.
- Dialysis clinics in Certificate of Need (CON) states benefit from regulatory barriers that restrict new competition, ensuring stable patient volumes and protecting market share. This limited supply environment supports stronger tenant performance, enhances revenue predictability, and increases the long-term value of the underlying real estate.
- The rent escalates 3.0% annually for both Fresenius and Singing River. Annual rent increases provide a built-in hedge against inflation and create predictable income growth over the lease term. This consistent escalation enhances cash flow stability, strengthens long-term returns, and supports asset value appreciation for investors.
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