Dimah Capital Investments, one of the leading companies in international sharia-compliant real estate investments, has announced its success in arranging the acquisition of the New York University Medical Office   Building for its U.S.-based subsidiary, Apex Capital. The property, a 100,000-square-foot high-quality medical office building in The Boynton Beach Area, Florida, is 100% leased to GrossmanMedical College at New York University, a leading academic and medical institution.   With a high and excellent credit rating.

John Gaghan, CEO of Apex Capital, said: “We are proud to mark our first-ever medical/healthcare transaction. This is also an important step in achieving our strategic goals by adding high quality and innovative assets to Apex’s portfolio and diversifying our investments.” He added, “We are delighted to have completed this latest deal, Despite the volatility seen over the last months, Apex has substantially expanded its footprint in various markets”

The Property boasts a market-leading 7.5/1,000 parking ratio, 100% redundant power and has been completely modernized, including roofs, elevators, and common areas, all of which are per the Tenant’s hospital standard with over $16M of capital invested. This location will ultimately contain over 900 employees and is NYU’s first major office operation in Florida.

NYU Langone Health is one of the nation’s premier academic medical centres that consists of six primary inpatient locations throughout the New York City area and a growing number of outpatient locations in the tri-state area as well as in South Florida. The new facility offers a personalized, world-class experience to patients as a centralized point of access for providers and services across the growing NYU Langone network. On-site NYU Langone operates a patient access centre that remotely supports the NYU Langone physician practices and provides a single and centralized point of access for patients and physicians.

Waleed Mohammed, Director at Apex capital commented, said: “This transaction is very exciting for Apex Capital, it allows us to grow our presence in a sector that is buoyed by positive developments and a fertile market which has great potential for continued growth.”

Waleed added that NYU has chosen this location after a nationwide search, where they evaluated over 200 buildings, and ultimately relocated and subsequently expanded at 3301 Quantum marking a great opportunity to invest in one of the country’s most land-constrained markets.

Dimah Capital continues its continued expansion approach and vision of capturing outstanding investment opportunities through its U.S. real estate arm, APEX Capital,  where Apex has been one of the active real estate investors this year by attracting new and diversified market positions and increasing asset volumes. Managed with all efforts to mitigate the consequences of the continuing challenges of the pandemic and market volatility as much as possible and to maintain its long-term commitment towards its shareholders and to achieve the best results with full transparency in accordance with disciplined and risk-sensitive standards.

Dimah Capital was founded in 2007 and has a huge investment portfolio and a variety of sectors of investments in the USA,   UK and Europe. The company has a capital of KD 44 million while it’s total managed assets exceed US$1 billion, Dimah provides the best Islamic-compliant investment solutions to its customers by collaborating with strategic partners and asset managers with high professional efficiency and outstanding performance record.