Latest / Go Big with Gib Podcast / Ep 84. Medical Real Estate Momentum: Series 1 Update & Series 2 Launch

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Ep 84. Medical Real Estate Momentum: Series 1 Update & Series 2 Launch · Go Big with Gib Podcast

• 0:00
  Speaker 1: Welcome to the Go Big With Gibb podcast, where we talk to professionals, business owners and entrepreneurs about their big wins.
• 0:06
  Speaker 1: Hey guys, and welcome back to Go Big With Gibb, the show where we dive into real estate, entrepreneurship and bold moves that build generational wealth.
• 0:19
  Speaker 1: I'm your host, gibb Irons, attorney, entrepreneur and founder of Irons Equity.
• 0:24
  Speaker 1: Today's episode is an exciting one.
• 0:26
  Speaker 1: We're giving you an investor update on our medical real estate fund, where Irons Equity has proudly partnered with HealthWealth Capital.
• 0:34
  Speaker 1: If you're already in this deal or looking to get in, this is a must listen.
• 0:38
  Speaker 1: Let's start with Series 1.
• 0:40
  Speaker 1: We have officially closed on 8 of the 13 properties in our Series 1 portfolio.
• 0:45
  Speaker 1: This week, we're scheduled to close on two more properties and the final three are expected to close shortly thereafter, bringing Series 1 to full completion.
• 0:54
  Speaker 1: This is a huge milestone and a testament to the power of strategic, healthcare-backed real estate.
• 1:00
  Speaker 1: Series 1 investors have already begun receiving monthly cash flow distributions for May, June and July, and if you're a Series 1B investor, your distributions will start by the end of August.
• 1:13
  Speaker 1: That's consistent, reliable passive income exactly what we promised.
• 1:17
  Speaker 1: Now we're entering Series 2 with tremendous momentum.
• 1:21
  Speaker 1: We already have 13 medical buildings under LOI and we're targeting a total of 30 buildings for this series.
• 1:28
  Speaker 1: Several of our current investor relationships are preparing to commit $4 million or more and we're raising a total of $20 million.
• 1:36
  Speaker 1: As I've talked about in the past, it's an 8% preferred return, 16% to 20% base IRR, with an upside scenario of 25% to 20% base IRR, with an upside scenario of 25 to 35%.
• 1:46
  Speaker 1: If we sell to a REIT and can arbitrage the compressed cap rates, monthly distributions begin approximately 90 days after closing.
• 1:55
  Speaker 1: This is long-term triple net leases and recession-resistant healthcare real estate with significant tax advantages.
• 2:01
  Speaker 1: You're going to get up to $50,000 in year, one depreciation for every $100,000 invested.
• 2:07
  Speaker 1: This is a powerful opportunity to generate stable income, diversify your portfolio beyond multifamily and build yourself an attractive exit strategy.
• 2:16
  Speaker 1: We're targeting both REIT sales and potential REIT conversions, giving investors flexibility and upside.
• 2:39
  Speaker 1: If you've been waiting for the right moment to go big, this is it To learn more or reserve.
• 2:43
  Speaker 1: Thank you for making this a reality.
• 2:45
  Speaker 1: Until next time, I'm Gibb Irons, reminding you to think big, move smart and always Go Big with Gibb.
• 2:52
  Speaker 1: Thank you for listening to this episode of Go Big with Gibb.
• 2:58
  Speaker 1: If you haven't already go, follow us on social media at Gibb Irons.
• 3:02
  Speaker 1: We'll see you next time.