The Doctor’s Pavilion Medical Office Building project is a shining example of Black Cypress Development’s expertise in healthcare real estate acquisition and management. Located in Natchez, MS, we acquired the 47,755 square foot existing medical office building with a $5.6 million total investment. The property boasted an anchor tenant—a major hospital—which cemented its significance in the local healthcare landscape.
Our action plan post-acquisition involved repairing tenant relationships through improved communication and a focus on tenant satisfaction. Additionally, we embarked on significant capital improvements, which enhanced both the functionality and aesthetic appeal of the building. These post-acquisition initiatives highlighted our commitment to value-add strategies and the creation of harmonious tenant relationships. The successful exit strategy, executed two years post-acquisition, resulted in a jaw-dropping 80% Internal Rate of Return (IRR) for our investors. This extraordinary result underscores our strategic investment approach and our ability to deliver lucrative returns in a timely fashion. The Doctor’s Pavilion Medical Office Building project not only strengthened our position within the healthcare real estate sector but also reinforced our commitment to driving success for our investors.