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News Release: $88,000,000 Surgical Hospital and Medical Office Building Sale

Fairfield Advisors announces sale of Ascension / St. Vincent Surgical Hospital and MOB in Newburgh, IN.

– $88,000,000 Transaction –

(Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the St. Vincent’s (Ascension Health) Surgical Hospital and Medical Office Building in Newburgh, IN. The 136,000 square foot building was completed in 2018 and includes 10 Operating Rooms, 48 Beds, and Medical Office Suites. The anchor tenant in the building is St. Vincent’s Hospital System which is part of the Ascension Health Network. Ascension is the 2nd largest hospital system in the country.

“Fairfield Advisors worked closely with the developer / owner to define a strategy that would ensure a successful transaction for this building.” said Greg Trainor, Managing Partner with Fairfield. “We were able to access our network of Funds that are looking for these types of assets to meet the sellers expectations in terms of timing and overall valuation.”

Fairfield Advisors has closed on $689,000,000 of HealthCare Real Estate transactions.

Are you looking to sell or refinance your Medical Office Building ? Please contact Fairfield Advisors at (720) 984-9113 / gregt@fairfieldadv.com

ABOUT FAIRFIELD ADVISORS

• Fairfield Advisors is a national Advisory firm that provides a wide range of Capital Advisory solutions for the HealthCare Real Estate marketplace

• Fairfield Advisors works directly with owners of HealthCare Real Estate for the sale of assets as well as sourcing capital for Debt, Equity, and Development.

• Fairield Advisors works directly with Capital Sources to manage highly targeted campaigns to increase Deal Flow based on specific criteria such as geography, tenancy, and deal size.

Fairfield Advisors | 6901 S Yosemite St., Centennial CO, CO 80122

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