Dignity Health Micro-Hospital in Phoenix was acquired by HPA Exchange
NEWPORT BEACH, CA, (Aug. 7, 2024) – JLL Capital Markets announced today that it arranged financing for Dignity Health Micro-Hospital, a 38,900-square-foot multi-specialty hospital with an emergency room and imaging center in Phoenix, Arizona.
JLL represented the borrower, HPA Exchange LLC, a healthcare real estate investment sponsor created by the executive team of Healthcare Property Advisors, to secure the five-year, fixed-rate acquisition loan through a national healthcare lender.
The property is located at 7171 S. 51st Dr. in Phoenix’s Laveen Village, approximately eight miles southwest of downtown Phoenix.
Completed in 2014, Dignity Health Micro-Hospital consists of a 24/7 emergency department, 16 patient beds, 10 emergency room beds, two advanced operating suites for surgical procedures, a full onsite lab, a full radiology suite with CT scan, X-ray and ultrasound capabilities, a pharmacy and a cafeteria. The property was a build-to-suit for Dignity Health, which leases the entire facility on a long-term, absolute net-lease basis.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director John Chun and Director Daniel Digerness. Borrower acquisition team was spearheaded by Robert Lee and Thuy Turner, Co-Presidents of HPA Exchange, LLC.