The document outlines the rigorous sourcing and underwriting process for American Medical Properties, focusing on market criteria, property considerations, tenant considerations, due diligence, and valuation & financing. It highlights the importance of historical performance, population density, market growth, and healthcare service demand. The document also emphasizes property location, reduced competition, financial condition, and credit rating of tenants. Due diligence includes real estate evaluation, historical performance analysis, and clinical and financial operations evaluation. Valuation and financing target a weighted average cap rate of -9%, acquisition size of $50mm to $150mm, and leverage up to 60% with attractive cost of debt.
documents/vol00010-efta01371281-pdf.pdf
{"title":"Rigorous Sourcing and Underwriting Process","document_type":"tabular","document_subtype":"underwriting process","key_organizations":["American Medical Properties"]}