Dimah Capital Investment Company announced that it has successfully arranged the acquisition of the New York University Medical Office Building for its US-based subsidiary, Apex Capital. The two-story, 100,000-square-foot building is located in Boynton Beach, Florida and is fully leased to New York University Grossman School of Medicine, a leading academic and medical institution with excellent credit rating.

"We are very proud to have completed our first-ever healthcare transaction. This is a key milestone in achieving our strategic goals by adding high-quality, innovative assets to Apex’s portfolio to diversify our investments. Apex Capital Investments CEO John Gaghan . “We are pleased to conclude this deal. Despite the volatility that the region has witnessed over the past months, Apex has been able to significantly expand its footprint in various markets". He added.

The property features a market-leading parking rate of 7.5/1000, 100% redundant capacity and has been fully renovated, including all its ceilings, elevators and common areas in line with the latest medical standards. More than USD 16 million of the capital was invested in renovations. This site will ultimately have more than 900 employees. This medical building is NYU's first major operating office in Florida.
Waleed Mohamed, Executive Vice President - Alternative Investments Department at Dima Capital, said: “This transaction is important to us, as it allows us to intensify our presence in a sector supported by positive developments and a rich market with great opportunities for continued growth in the future.