DOTmed July 31, 2024
Medical real estate company HPA Exchange LLC has acquired a micro-hospital with an emergency room and imaging center in Phoenix, fully leased to Dignity Health. The 3.92-acre facility features 38,900 rentable square feet and includes a 24/7 emergency department, patient beds, advanced operating suites, a laboratory, radiology suite, pharmacy, and cafeteria.
Robert Lee, co-president and chief investment officer of HPA Exchange, emphasized the strategic importance of this acquisition. “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,” Lee stated. He highlighted that HPA Exchange targets healthcare real estate in growth markets with stable health systems and a growing aging population.
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