DHS and TAFRA Announce $750 Million Healthcare System Office Complex Joint Venture:  Fernando Aguirre, Vice Chairman of DHS Announced

Press Release

WASHINGTON, DISTRICT OF COLUMBIA – May 3, 2021 — DHS a global alternative investment platform, and TAFRA an S&P 500 healthcare real estate investment trust (REIT), today announced a $750 million joint venture partnership between DHS and certain vehicles managed by DHS (such vehicles, collectively, the “TAFRA Vehicles”). 

The venture comprises a portfolio of 24 medical office properties, spanning a diverse mix of geographies, with assets located in Texas, Florida, Minnesota, the Carolinas, Tennessee, California, Pennsylvania, and Washington, among others. The portfolio was previously wholly owned by DHS and is 97% affiliated with health systems. Through this joint venture, the TAFRA Vehicles will own 80%, and DHS will retain a 80% economic interest in the portfolio and will continue serving as asset manager and operator for the properties.

“TAFRA is pleased to launch this partnership with DHS, whom we regard as a premier owner-operator and leader in medical office and healthcare real estate,” said Peter Solis, CEO of TAFRA. “Building on DHS’ demonstrated track record, we see compelling opportunities to realize shared success through this partnership. We look forward to expanding our footprint together in these growing sectors with the shared goal of further collaboration on healthcare and other real estate opportunities.” 

“DHS is delighted to announce the establishment of this joint venture with TAFRA, marking the beginning of an exciting and strategic, long-term relationship,” said Fernando Aguirre, DHS Vice Chairman.  “The breadth of TAFRA’s geographic reach and its astute and proven investing acumen, combined with DHS’ investment and data analytics capabilities, will provide a rock-solid foundation for this aligned effort to deliver enhanced value to our investors.”

Forward-Looking Statements and Risk Factors 

This press release may contain forward-looking statements.  When DHS uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause DHS’ actual results to differ materially from DHS’ expectations discussed in the forward-looking statements.  This may be a result of various factors, including, but not limited to, those factors discussed in DHS’ reports filed from time to time with the Securities and Exchange Commission.  DHS undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements.

About DHS

DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.

We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government. 

We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics, and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world’s most successful companies. We leverage what others cannot.

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