As Seen In New Orleans City Business: LaPlace dialysis facility acquired for $4.7 million

Stock image of Fresenius Kidney Care business front with parking spaces

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Fresenius Medical Care’s dialysis facility in LaPlace has a new owner.

Cove Capital Investments says it has acquired the facility located at 704 Belle Terre Blvd for $4.69 million. The transaction represents the latest endeavor of the California-based firm into the medical net-lease offering space and intent to grow its line of DST offerings Cove Capital offers to investors.

The property is a net-leased asset held in one of Cove Capital’s Delaware Statutory Trusts, which offers investors seeking to potentially mitigate risk the opportunity to invest and participate in 1031 exchange passive DST investments, a news release said.