The Dermatology ASC & MOB Portfolio offers qualified investors a unique opportunity to acquire a newly built state-of-the-art outpatient surgery center and clinic that is well-located in Vestavia, Alabama, an affluent suburb of Birmingham, and a medical office building in Montgomery, Alabama

The Properties are 100% leased by Surgical Dermatology Group (SDG). Founded in 2009, SDG is devoted to its patients and delivering leading-edge care in comprehensive dermatology services, including medical dermatology, skin cancer surgery, and cosmetic services. SDG’s talented team of dermatologists, surgeons, and healthcare providers serve patients in over a dozen locations throughout the state of Alabama.

In 2023, Surgical Dermatology Group partnered with AQUA Dermatology, the largest full-service skincare provider in the Southeast, with over 100 locations and 200 providers to meet the demand of the rapidly expanding healthcare market. AQUA Dermatology is backed by the private equity firms, Gryphon Investors and GTCR, two leading middle-market private equity firms, which have a combined $33 billion of assets under management.

The Vestavia Hills location accounts for 83% of the Portfolio NOI and is located within the Birmingham – Hoover, AL MSA, which has an estimated population exceeding 1.1 million, making it the largest metropolitan area in Alabama and 58th in the U.S.

Further enhancing the stability of the practice, Alabama has a certificate-of-need (CON) program for surgery centers that limits healthcare providers from entering new markets without first gaining approval from state regulators.