True North Companies Acquires VA Community-Based Outpatient Clinic in Fort Dodge, Iowa

PHOENIX, AZ – September 13, 2024 – True North Companies (“True North”) today announced the acquisition of a 16,695-square-foot Department of Veterans Affairs Community-Based Outpatient Clinic (CBOC) in Fort Dodge, Iowa, for $3.8 million. The property, retrofitted in 2022, is under a 20-year lease with the VA through February 2042.

The Fort Dodge clinic serves as a key point of care for veterans across the state, offering primary and specialty healthcare services in a modern, purpose-built environment.

“The Fort Dodge clinic strengthens our presence in the Midwest and exemplifies our focus on securing well-positioned, long-term leased assets,” said Tom Donahue, Chief Executive Officer of True North Companies. “Its modernized design and 20-year lease provide both stability for our investors and enduring access to quality care for veterans in the region.”

About True North Companies

True North Companies is a private real estate investment firm specializing in the acquisition and management of mission-critical healthcare facilities leased to the U.S. Department of Veterans Affairs. These properties are secured by long-term, non-cancelable federal leases and provide investors with stable cash flow, downside protection, and access to essential government-backed real estate. With decades of experience and deep expertise in federal leasing and asset management, True North brings a focused, disciplined approach to this highly specialized asset class. The firm’s mission-driven portfolio supports the essential healthcare needs of veterans nationwide. Further information is available at www.truenorthrewm.com. Follow True North on LinkedIn.

True North Companies Acquires VA Mental Health Clinic in Memphis, Tennessee

PHOENIX, AZ – August 1, 2024 – True North Companies (“True North”) today announced that it has acquired a 40,876-square-foot Department of Veterans Affairs Mental Health Clinic in Memphis, Tennessee, for $12.25 million. The newly constructed facility, completed in 2022, is fully leased to the VA through December 2032.

The property recently underwent an expansion to accommodate growing demand for veteran mental health services in the region. The acquisition underscores True North’s strategy of targeting mission-critical, government-leased healthcare facilities that deliver long-term stability and serve essential community needs.

“This acquisition reflects our commitment to expanding access to critical mental health services for veterans while maintaining a disciplined, long-term investment approach,” said Tom Donahue, Chief Executive Officer of True North Companies. “The Memphis facility is a strong fit for our portfolio given its modern construction, strategic location, and enduring mission.”

The VA is the nation’s largest integrated healthcare system, serving more than nine million veterans across over 1,300 facilities.

About True North Companies

True North Companies is a private real estate investment firm specializing in the acquisition and management of mission-critical healthcare facilities leased to the U.S. Department of Veterans Affairs. These properties are secured by long-term, non-cancelable federal leases and provide investors with stable cash flow, downside protection, and access to essential government-backed real estate. With decades of experience and deep expertise in federal leasing and asset management, True North brings a focused, disciplined approach to this highly specialized asset class. The firm’s mission-driven portfolio supports the essential healthcare needs of veterans nationwide. Further information is available at www.truenorthrewm.com. Follow True North on LinkedIn.

True North Companies Acquires VA Community-Based Outpatient Clinic in Marietta, Georgia

PHOENIX, AZ – July 2, 2024 – True North Companies (“True North”) today announced that it has completed the acquisition of a 13,500-square-foot Department of Veterans Affairs Community-Based Outpatient Clinic (CBOC) in Marietta, Georgia, for $5.85 million. Built to suit in 2020, the facility is fully leased to the VA through January 2030.

The Marietta clinic plays a vital role in delivering primary care and specialty services to veterans in the Atlanta metropolitan area. The acquisition further expands True North’s portfolio of government-leased healthcare assets in strategic markets nationwide.

“The Marietta clinic is a vital part of the VA’s care network in the Atlanta region, and this acquisition aligns with our strategy of securing high-quality, government-leased assets in growing markets,” said Tom Donahue, Chief Executive Officer of True North Companies. “We are proud to support the delivery of primary and specialty care for local veterans while generating stable, long-term value for our investors.”

About True North Companies

True North Companies is a private real estate investment firm specializing in the acquisition and management of mission-critical healthcare facilities leased to the U.S. Department of Veterans Affairs. These properties are secured by long-term, non-cancelable federal leases and provide investors with stable cash flow, downside protection, and access to essential government-backed real estate. With decades of experience and deep expertise in federal leasing and asset management, True North brings a focused, disciplined approach to this highly specialized asset class. The firm’s mission-driven portfolio supports the essential healthcare needs of veterans nationwide. Further information is available at www.truenorthrewm.com. Follow True North on LinkedIn.

True North Companies Acquires VA Dental Clinic in Knoxville, Tennessee

PHOENIX, AZ – March 29, 2024 – True North Companies (“True North”) today announced the acquisition of an 11,026-square-foot Department of Veterans Affairs Dental Clinic in Knoxville, Tennessee, for $3.7 million. The property is fully leased to the VA through September 2033 under a first-generation lease.

Located in a market with less than 3% vacancy, the Knoxville clinic provides specialized dental care for veterans across the region. This acquisition reflects True North’s continued emphasis on stable, mission-critical healthcare assets with strong market fundamentals.

“Specialized facilities like the Knoxville VA Dental Clinic are critical to providing comprehensive healthcare to veterans,” said Tom Donahue, Chief Executive Officer of True North Companies. “Our focus on purpose-built properties with strong market fundamentals allows us to deliver consistent returns while directly contributing to community well-being.”

About True North Companies

True North Companies is a private real estate investment firm specializing in the acquisition and management of mission-critical healthcare facilities leased to the U.S. Department of Veterans Affairs. These properties are secured by long-term, non-cancelable federal leases and provide investors with stable cash flow, downside protection, and access to essential government-backed real estate. With decades of experience and deep expertise in federal leasing and asset management, True North brings a focused, disciplined approach to this highly specialized asset class. The firm’s mission-driven portfolio supports the essential healthcare needs of veterans nationwide. Further information is available at www.truenorthrewm.com. Follow True North on LinkedIn.