Saudi-based Arbah Capital announces the acquisition for its investors of the Commonwealth Campus, a $59m high income producing diversified medical campus in Port Richmond, Philadelphia, United States, with prominent tenants such as Ambrosia Treatment Centers Group, Temple Health University and Northeastern Partners.

Arbah is proud to partner with Hampshire Stateside in this transaction. Hampshire Companies are an experienced real estate manager who manage more than 270 properties and have an AUM of over $2.4bn in the US.

The medical sector has remained particularly resilient during the unfortunate Covid-19 pandemic and has proven to be a very defensive sector. This provides a certain degree of stability for the investment in an increasingly volatile economic climate. Arbah was able to secure the acquisition at a significant discount to the market valuation carried out by CBRE which will provide further security to our investors. Port Richmond, only a 15 minute drive from Downtown, as an area is seeing a process of gentrification, similar to what has happened in neighboring Fishtown, which provides a strong real estate based stimulus for future valuation growth. Philadelphia is known as medical and education hub and it is estimated that 1/5 of all US physicians trained here. The property itself has undergone more than $$23m in recent refurbishment including a brand new building on site which will open as a new outpatient facility for Ambrosia, and a wellbeing center which is due to open in January 2021.

• Investment Budget $59 Million
• Closing Date: 12/2020
• Target IRR 9%
• Expected Investment Period: 5+1 Years