The Frederickson Outpatient Center, a 69,437 square foot on-campus facility in Mechanicsburg, Pa., is part of ARC Healthcare Trust II’s recent and ongoing purchase from PinnacleHealth.
(Photo courtesy of H2C)
Non-traded REIT paying $174.1 million for eight-building PinnacleHealth portfolio
By John B. Mugford
As health systems continue to face financial pressures and myriad other demands in the era of healthcare reform, many real estate professionals expect at least some of them to tap the capital locked into their property holdings.
It’s not that the leading systems are in desperate need of swapping real estate for cash – although some might be.
More likely, a number of providers will simply make a strategic decision to monetize their relatively low-yielding real estate so they can invest the proceeds in assets that garner higher returns, such as equipment, group practices and new locations in growing markets.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
