Doctors and dentists rarely move. Relocating a practice means new equipment, a new build-out, and patients who have to find you all over again. Once a practice signs a lease, it tends to stay.

That’s the bet behind Health Wealth. Every building is leased to a medical or dental tenant on a 10 to 15 year triple net (NNN) lease. The tenant pays the taxes, insurance, and upkeep, and the rent steps up over the life of the lease.

There’s no renovation plan and no lease-up to wait on. The buildings are occupied and collecting rent when the fund buys them. They’re also spread across the country, so no single local economy drives the results.

Series 1 ($11M, 13 buildings) and Series 2 ($22M, 35 buildings) have paid investors 8% annualized, every month. Series 3 is raising now.

It’s the most boring deal in our portfolio, and that’s exactly why we keep investing in it.