Brauvin Net Capital, LLC has acquired six, single story medical office buildings for an aggregate purchase price of $8.6 million.  Five of the properties are leased to wholly-owned subsidiaries of DaVita, Inc. (NYSE: DVA), the second largest renal dialysis provided in the country.  DaVita operates over 1,300 centers nationwide, and in 2006, DaVita reported revenues of $4.88 billion.  DaVita carries a Standard & Poors Senior Secured debt rating of BB+ with a Stable outlook.  The sixth unit is leased to Renal Advantage, Inc., a 70 unit operator that was spun off from DaVita in 2005.  The lease from this property is guaranteed by a DaVita entity. 

The properties are subject to net leases with an average lease term of 4.5 years.  Earh of the units is a strong performer for DaVita.  Brauvin sees this acquisition as a strong value-added opportunity. 

Inclusive of these properties, Brauvin Net Capital has acquired seventy five assets throughout the country.