Premier ER and Urgent Care Sale Lease Back Opportunity
April 1, 2023, Premier ER and Urgent Care finalized an all asset sale to Intuitive Health for $60MM (Altamont Capital https://www.altamontcapital.com/). Tempus Investments entered into a concurrent Sale Leaseback transaction with Intuitive Health to help finance this transaction, which resulted in Tempus securing 4 High Quality assets strategically located in Texas along the I35 corridor. These buildings along with the credit worthiness of the tenants provide outstanding predictable cash flow to the portfolio. In addition to the annual increases of rent, Tempus secured fixed, below market financing that maximizes non recourse leverage on the project.