News Release: Just Sold – Saint Luke’s Community Hospital Portfolio

Just Sold

Saint Luke’s Community Hospital Portfolio

Embree Capital Markets Group, Inc.

Kansas City, KS Metropolitan Area

Embree Capital Markets Group is pleased to announce the successful sale of seven (7) state-of- the-art Saint Luke’s Community Hospitals surrounding the Kansas City, KS metropolitan statistical area (MSA). Embree Capital Markets Group arranged the portfolio transaction in early June between an Austin-based commercial real estate development company and a large public healthcare REIT. The Saint Luke’s Community Hospitals are new 2018 and 2019 build-to-suit developments featuring an average of seven emergency room beds and eight hospital beds at each location. The hospitals provide emergency, inpatient, and diagnostic services 24/7, 365 days a year, with wait times averaging less than 10 minutes. Each hospital is staffed with emergency physicians and experienced registered nurses and staff. Additionally, each hospital is strategically positioned in convenient neighborhood locations surrounded by high-income demographics with an average population over 125,000 people and an average household income over $100,000 within a five-mile radius.

TRANSACTION HIGHLIGHTS

INVESTMENT PROPERTIES:

7 Community Hospitals

OPERATED & GUARANTEED BY:

Saint Luke’s Health System (Al Rated by Moody’s)

TRANSACTION PRICE

$145 Million +

LEASE TERM:

15-year initial term with two 5-year renewal options

• Saint Luke’s Health System is a 136 year old not-for-profit integrated health system based in
Kansas City, Missouri

• Saint Luke’s currently operates 18 hospitals and campuses, flagship hospital (382-bed), home
care and hospice, behavioral health care, and dozens of physician practices

• Currently employing over 9,500 employees caring for a metropolitan area of 2 million people,
with service are span of 67 counties in Missouri and Kansas

• Saint Luke’s supports numerous graduate, post-graduate, and continuing medical education
programs, endowed teaching positions, and clinical research programs

• Nationally ranked in three specialties (2018-2019), including cardiology and heart surgery,
gynecology, and neurology and neurosurgery

JOSIAH BYRNES
Executive Vice President
JByrnes@EmbreeGroup.com
719.243.6569

KLINTON LEWIS
Brokerage Associate
KLewis@EmbreeGroup.com
512.819.4729

www.EmbreeGroup.com

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