PHOENIX, July 29,
2024 /PRNewswire/ -- HPA Exchange LLC, a healthcare
real estate investment sponsor created by the executive team of
Healthcare Property Advisors, a vertically integrated healthcare
real estate owner and operator, announced today the acquisition of
a micro-hospital with emergency room and imaging center that is
100% leased to Dignity Health in Phoenix. Located at 7171 S. 51st Drive.
"We are thrilled to announce the acquisition of this
well-located healthcare property that is leased on a long-term,
absolute net-lease basis to an investment-grade tenant," said
Robert Lee, co-president and chief
investment officer of HPA Exchange. "HPA Exchange was founded
earlier this year with the goal of targeting mission-critical
healthcare real estate within growth markets that exhibit strong
fundamentals, stable health system environments and a growing aging
population. Additionally, we seek out institutional-quality
properties that are operated by best-in-class healthcare systems
and physician groups, and this acquisition is a strong testament to
the execution of our investment strategy."
The 3.92-acre property was built-to-suit and completed in 2014
for Arizona General, a wholly owned subsidiary of Dignity
Health.
A multi-state nonprofit network, Dignity Health is a part of
CommonSpirit Health, a nonprofit health system with more than 2,200
care sites in 24 states, 35,000 providers and 45,000 nurses. The
health system has an upgraded Moody's credit rating of A3 as of
March 2024 and reported revenues of
$34.6 billion in its fiscal year
2023. Dignity Health has more than 10,000 physicians, 400 care
centers, and a reported $10.8 billion
2023 annual revenue. As a part of CommonSpirit Health, Dignity
Health is the largest Catholic health system in the nation,
according to rankings from Becker's Hospital Review.
"This micro-hospital is an excellent example of how
non-high-acuity healthcare is transitioning from large acute care
environments like hospitals to well-located and well-designed
strategic ambulatory care that is closer to resident
neighborhoods," added Thuy Turner,
co-president and chief operating officer of HPA Exchange. "These
facilities are designed to service the community for better access
and efficiency."
The acute care micro-hospital is located in Phoenix's Laveen
Village, approximately eight miles southwest of downtown.
Including 38,900 rentable square feet, the hospital includes: a
24/7 emergency department; 16 patient beds; 10 emergency room beds;
two advanced operating suites for surgical procedures; a full
onsite laboratory; a full radiology suite with 64-slide CT scan,
X-ray and ultrasound capabilities; a pharmacy; and a cafeteria. The
hospital's lease is guaranteed by Dignity Health.
According to Jones Lang LaSalle's
report, Medical Outpatient Building Perspective, released in April,
medical outpatient buildings have seen relentless demand and remain
one of the most resilient commercial real estate property
types.
Healthcare Property Advisors is a vertically integrated
institutional real estate fund manager, owner, operator and
developer. HPA launched HPA Exchange LLC in 2024 to bring
institutional quality medical real estate investments to accredited
investors via the broker-dealer and RIA markets that cater to
investors utilizing 1031 exchanges for their investment portfolios
and estate planning purposes
HPA Exchange seeks to offer investment-grade core and core-plus
institutional-quality properties that are operated by best-in-class
healthcare systems, established physician groups and life science
groups for outpatient purpose-built facilities. The investment firm
is led by a seasoned management team with an average of 25 years of
experience in healthcare real estate.
About HPA Exchange
LLC
HPA Exchange LLC is a new business platform created by the
executive team of Healthcare Property Advisors, a vertically
integrated healthcare real estate owner, investor, and operator.
The vertical integration of the firm allows HPA to leverage the
relationships with a large network of healthcare systems, and
provide active asset management, investment and development of
medical office buildings and outpatient facilities. Healthcare
Property Advisors' executive team has acquired or advised on the
investment of more than $1 billion in
healthcare related properties since 2014. Headquartered in
Brea, California, HPA Exchange is
a real estate investment sponsor that provides private placement
offerings focused on medical properties anchored by credit-tenant
healthcare systems, physician groups, life science groups and other
outpatient facilities. For more information, visit
www.hpaxchange.com.
HPA Exchange LLC offers securities through American Alternative
Capital, LLC, member FINRA/SIPC. Only available in states where AAC
is registered. AAC is not affiliated with HPA Exchange LLC. This
communication is provided for informational purposes only.
Additional information is available upon request. Historical data
does not guarantee future results. Real estate security investments
may be speculative, illiquid, and carry a high degree of risk –
including the potential loss of the entire investment.
Contact:
Julie Leber
Spotlight Marketing Communications
949.427.1391
julie@spotlightmarcom.com
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SOURCE HPA Exchange, LLC