REDICO and One Orchard launch InfraMed Properties, a medical outpatient platform

REDICO and One Orchard, a newly established real assets firm, have launched InfraMed Properties to buy, develop, own, lease and manage medical outpatient buildings across the U.S. IREI first reported the launch. The seed portfolio holds 25 properties, anchored by credit-backed tenants affiliated with leading health systems and specialty care providers. They stretch across 16 states. InfraMed is targeting more than $1 billion of investments, capitalized with programmatic equity and debt.

REDICO is a vertically integrated real estate investor, developer and operator with a senior housing book. Dale Watchowski, its president and CEO, calls medical outpatient buildings a fundamentally stable asset class. InfraMed, he said, lets the firm extend its operating expertise into a complementary healthcare sector. One Orchard is the capital partner.

The structure pulls together roles that often sit with different owners. Watchowski's stated goal is to bring operator and capital into one focused platform. InfraMed handles the full life of an asset — acquisition, development, leasing, property management — instead of just writing checks or signing leases. REDICO wants to scale this model into a nationwide healthcare-infrastructure operation.

The underlying case is familiar in healthcare real estate: an aging population, rising demand for care, and outpatient properties whose tenants carry credit. The case is visible to every investor with a spreadsheet. The 25-property start is real national scale. The test is whether the next $1 billion gets deployed at prices that still pencil.