Syndicated Equities: SE LCH (Tampa) DST

Syndicated Equities Group is pleased to present a new investment opportunity in an approximately 94,686 square foot testing laboratory and clinic (the "Property") in Tampa, Florida. The Property is 100% leased to Laboratory Corporation of America with a lease guaranty from Labcorp Holdings, Inc., which carries an investment grade credit rating of BBB by Standard & Poor's and posted revenue of $13.01 billion in 2024. Labcorp Holdings, which employs approximately 70,000 people and operates in 100 countries, provides comprehensive lab services and biopharma healthcare development. The lease has 9.5 years of term remaining and features 2.75% annual rent escalations.

The Property is considered mission critical for Labcorp and processes approximately 50,000 - 60,000 blood and tissue samples daily. Labcorp has occupied the Property for 30 years and is currently investing $5 million over the next 12 months to relocate and install new equipment. Blood and tissue samples are shipped in daily to this location from parts of Georgia, Alabama, the Caribbean, and all of Florida.