HPA Exchange LLC Acquires Micro-Hospital Leased to Dignity Health in Phoenix

The healthcare real estate investment sponsor, HPA Exchange LLC, has made a significant acquisition in Phoenix. The company has acquired a micro-hospital with an emergency room and imaging center that is fully leased to Dignity Health. This strategic acquisition aligns with HPA Exchange’s goal of targeting mission-critical healthcare real estate in growth markets.

The property, located at 7171 S. 51st Drive in Phoenix, was built-to-suit for Arizona General, a subsidiary of Dignity Health. The micro-hospital includes a 24/7 emergency department, 16 patient beds, advanced operating suites, a full radiology suite, a pharmacy, and a cafeteria. The lease is guaranteed by Dignity Health, a part of CommonSpirit Health, one of the largest nonprofit health systems in the nation.

According to Robert Lee, co-president and chief investment officer of HPA Exchange, this acquisition demonstrates the company’s commitment to investing in institutional-quality properties operated by top healthcare systems. The location of the micro-hospital in Phoenix’s Laveen Village showcases the trend of transitioning towards strategic ambulatory care facilities that provide better access and efficiency for the community.

The acquisition of this micro-hospital highlights the growing demand for medical outpatient buildings, as stated in a report by Jones Lang LaSalle. HPA Exchange, led by a seasoned management team with extensive experience in healthcare real estate, aims to offer investment-grade properties for accredited investors seeking quality healthcare real estate investments.

Overall, this acquisition by HPA Exchange LLC signifies a strategic move in the healthcare real estate market, providing investors with an opportunity to participate in the growing demand for high-quality medical properties.