# Portfolio

## Latest acquisitions.

8 properties owned or under contract · 213K square feet · $37M+ acquisition volume since Jul 2025 · 7 states: OR, FL, TX, KY, NJ, IL, CT

Includes the Shaw’s Cove Medical Portfolio (New London, CT and Uvalde, TX), under contract.

| Property | Location | Type | SF | Anchor tenant | Price | Closed | Status |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Harvard Medical Park | Roseburg, OR | Medical office | 94,855 | CommonSpirit Health | $12.9M | Feb 2026 | Owned |
| Fleming Island Village | Fleming Island, FL | Healthcare retail | 36,398 | FL Cancer Specialists | $7.9M | May 2026 | Owned |
| DaVita Beaumont | Beaumont, TX | Dialysis, net lease | 15,041 | DaVita, Inc. | $4.4M | Jul 2025 | Owned |
| DaVita Jenkins | Jenkins, KY | Dialysis, net lease | 5,523 | DaVita, Inc. | $1.3M | Jul 2026 | Owned |
| DaVita Browns Mills | Browns Mills, NJ | Dialysis, net lease | 8,000 | DaVita, Inc. | $2.5M | Aug 2026 | Owned |
| Fresenius Chicago | Chicago, IL | Dialysis, net lease | 10,947 | Fresenius | $2.8M | Aug 2026 | Owned |
| 5 Shaw’s Cove | New London, CT | Medical office | 36,400 | DaVita + 7 others | $5.0M | Q4 2026 | Under contract |
| Fresenius Uvalde | Uvalde, TX | Dialysis, net lease | 5,935 | Fresenius | $0.5M | Q4 2026 | Under contract |
| Total | 8 properties, 7 states | 213,099 |  | $37.4M |  |  |

Roseburg, Oregon · Owned

## Harvard Medical Park

Multi-building medical office park across the street from Mercy Medical Center, anchored by CommonSpirit Health. We bought it with short lease term, deferred roof and HVAC work, and vacancy.

- Size: 94,855 SF
- Price: $12.9M
- Closed: February 2026
- Anchor: CommonSpirit Health
- Anchor space: 20,000+ SF
- Manager: PREF (Yardi)

### 2026 progress

- Weighted average lease term: ~2.4 years at closing, ~4.2 years today.
- Annual base rent: ~$1.64M at closing, ~$1.81M today.
- Five-year lease signed with Aviva Health (Suites 110-125, 3% annual increases); five-year early renewal with Oregon Oral & Facial Surgeons.
- $937K roof and HVAC replacement completed.
- CommonSpirit renewal discussions underway; the tenant is replacing its MRI at the property.

Fleming Island, Florida · Owned

## Fleming Island Village

Neighborhood center in the Jacksonville MSA anchored by Florida Cancer Specialists and Community Hospice. At acquisition it had a vacant 10,000 SF outparcel and unleased shell space.

- Size: 36,398 SF + 10,000 SF pad
- Price: $7.9M
- Closed: May 2026
- Anchor: Florida Cancer Specialists
- Lender: SouthState Bank
- Construction: In-house

### 2026 progress

- 10,000 SF lease signed with The Learning Experience on the outparcel at $44/SF; $5.5M SouthState construction loan.
- Community Hospice expansion into Suite 8: LOI signed, lease in negotiation.
- Ten-year lease signed with JMJ Clinic (OB/GYN); five-year Allstate renewal.
- In discussions with Optum and Valvoline for remaining space.

Beaumont, Texas · Owned

## DaVita Dialysis, Beaumont

33-station DaVita clinic on the CHRISTUS St. Elizabeth Hospital campus. We bought it with about four years of lease term remaining.

- Size: 15,041 SF on 1.9 acres
- Price: $4.4M
- Closed: July 2025
- Tenant: DaVita, Inc.
- Lease: Absolute net
- Remaining term: ~13 years

### Since acquisition

- Lease amended March 2026: extended nine years, ~13 years remaining.
- Two 10% rent increases added in the extension.
- Acquired at a 7.85% cap rate.
- Prior DaVita sales by the partners: bought at 7.6% and 8.1% caps, sold at 5.9% and 6.3% after lease extensions.

Jenkins, KY · Browns Mills, NJ · Chicago, IL · Owned

## Dialysis Portfolio

Three corporate-guaranteed dialysis clinics · 24,470 SF · $6.63M · closed Jul-Aug 2026 · SouthState Bank

### Jenkins, KY · DaVita

483 Gateway Industrial Park · 5,523 SF

- Price: $1.33M
- Going-in cap: 10.0%
- Term: ~3 to 11 yrs (+8)
- Market: Near Jenkins Community Hospital

### Browns Mills, NJ · DaVita

107 Trenton Road · 8,000 SF

- Price: $2.50M
- Going-in cap: 8.3%
- Term: ~3.5 to 13 yrs (+10)
- Market: Deborah Heart & Lung corridor

### Chicago, IL · Fresenius

3134 W. 76th Street · 10,947 SF

- Price: $2.80M
- Going-in cap: 8.4%
- Term: ~7.8 yrs
- Utilization: 39 machines · 130+ patients

### Lease extensions

DaVita extended Jenkins by eight years and Browns Mills by ten, signed within a month of closing. Portfolio term is now ~10 years.

### Lease structure

Corporate guaranties from DaVita, Inc. (S&P BB) and Fresenius (S&P BBB-). Tenants pay all expenses except roof and structure.

New London, CT · Uvalde, TX · Under contract

## Shaw’s Cove Medical Portfolio

A 36,400 SF medical office building across from Lawrence + Memorial Hospital (Yale New Haven Health), anchored by DaVita, and a net-leased Fresenius clinic in Uvalde, TX. Dialysis tenants pay 54% of base rent.

- Size: 42,335 SF
- Contract price: $5.56M
- Expected closing: Q4 2026
- Anchors: DaVita & Fresenius
- Dialysis share: 54% of base rent
- Lenders: Flagstar, SouthState

### Key terms

- DaVita lease extended during diligence, now with a DaVita, Inc. corporate guaranty (the prior lease had none).
- Financing: Flagstar (SOFR + 200) on New London; SouthState, non-recourse, on Uvalde.
- Plan: re-lease below-market suites as they roll; replace the roof, with DaVita reimbursing its share.
- Projected Year-1 cash yield of ~10%.

Riverhead, New York · Partners’ portfolio

## Riverhead Medical Campus

Medical office property on Long Island’s East End, anchored by NYU Langone Health and Northwell Health (50,000+ SF combined). Bought with rents about 20% below market, deferred capital work and an outparcel for development.

- Size: ~100,000 SF
- Occupancy: 100%
- Purchase price: $22.8M
- Closed: 2025
- NOI today: $2.15M, up from ~$1.9M
- Weighted average lease term: ~11 yrs

### Since acquisition

- Leases extended: NYU 5 years, Stony Brook 6 years, Long Island Select 10 years.
- Tenant improvement allowance to NYU for a long-term commitment; NYU opened a 26,000 SF MRI center after a $10M+ build-out.
- New NYU roof, curbs and sidewalks; new HVAC for Long Island Select.
- Rendering: proposed 27,800 SF medical building on the outparcel (Gensler).
- Build-to-suit proposal presented to NYU. Site plan with the Town of Riverhead; public hearing expected December 2026. Team includes Gensler and Gabriel Marquez.
- $151K Annual property tax savings

## Partners’ holdings.

Assets owned, or owned and sold, by Ben and Jeff Meshel outside Candor. Purchase price unless noted.

### South Street

New York, NY
  $19.0M Purchase

### Erie Medical

Erie, PA · Medical office
  $21.0M Purchase

### Riverhead Medical

Riverhead, NY · Medical office
  $22.8M Purchase

### Corinthian Units

New York, NY · School & medical
  $24.0M Purchase

### 3000 Dixwell

Hamden, CT · DaVita dialysis
  $5.2M Sold

### Miami Medical

Miami, FL · Medical office
  $11.0M Purchase

### Widex

Hauppauge, NY · Industrial
  $11.2M Purchase

### 29 Bassett Lane

Hyannis, MA
  $2.5M Purchase

### West Orange

West Orange, NJ · DaVita dialysis
  $5.5M Current value

### Dollar General

FL & MS · Net-lease portfolio
  $10.0M Purchase

### 1751 Deckner

Green Bay, WI · DaVita dialysis
  $2.7M Sold

### 4315 Brunswick

S. Plainfield, NJ
  $5.4M Sold

### Pediatric Portfolio

Central FL · 7 pediatric offices
  $12.9M Purchase
Dunkin’ Net-lease retail · $2.675M purchase

~$156M 14 assets · 8 in healthcare · 3 sold

### Ben & Jeff Meshel

100+ transactions

40 properties

~470,000 SF

multifamily, commercial & retail across 5 states

## Contact us.

Miami and New York based investment manager.

Canonical: https://www.candorpartners.com/portfolio/