May 17, 2017
Healthcare Realty Sells 6 Hospitals For $138M To Global Medical, Carter Validus
Healthcare Realty Sells 6 Hospitals For $138M To Global Medical, Carter Validus BETHESDA, MD–The REITs each purchased three hospital facilities in two separate transactions. May 9, 2017 | by ERIKA MORPHY | …

Read more

Healthcare Realty Sells 6 Hospitals For $138M To Global Medical, Carter Validus

BETHESDA, MD–The REITs each purchased three hospital facilities in two separate transactions.

May 9, 2017 | by ERIKA MORPHY | GlobeSt.com

BETHESDA, MD–Locally-based Global Medical REIT and Tampa, Fla.-based Carter Validus Mission Critical REIT teamed up to acquire six rehabilitation hospitals from Healthcare Realty Trust, for a total of $137.6 million. The deal was structured as two transactions in which affiliates of the two REITs each purchased three hospital facilities.

The hospitals are located in Austin, Dallas and Beaumont, Texas, Mechanicsburg and Altoona, Pa., and Mesa, Ariz. The hospitals are operated by HealthSouth and Post Acute Medical.

“All six hospitals are strong post-acute rehabilitation facilities with leading national operators that benefit from locations near acute care hospitals that are critical for patient discharges, making these incredibly valuable inpatient facilities,” according to JLL’s Mindy Berman, who along with Daniel Turley, Steve Leathers and Brannan Knott handled the transaction.

Read Full Article Here

Recent

ExchangeRight’s Essential Income REIT Now Tracked by Blue Vault

ExchangeRight’s Essential Income REIT Now Tracked by Blue Vault

Warren Thomas, a managing partner at ExchangeRight, shared that this reporting relationship will help educate advisors about the Essential Income REIT's successful performance to date, broadening its reach to more investors who need the kind of stable income that the REIT has historically generated.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now