Brauvin Net Capital, L.L.C. has acquired four, single-story dental office buildings located in North Carolina and Ohio $3.8 million. The buildings total 12,685 square feet and are leased to Affordable Care, Inc. ("ACI"). ACI provides management and dental laboratory services to dental centers operated by dental practitioners through their wholly owned professional entities. ACI currently manages 126 dental centers in 34 states located primarily in smaller markets throughout the United States.
ACI was acquired in November, 2006 by a publicly traded investment fund with $11 billion in assets under management. Management retained an ownership interest in the company.
The subject properties are leased on a long term basis to ACI. Brauvin anticipates that these assets will be strong, long term Core Assets.