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News Release: SOLD – Inpatient Rehabilitation Hospital | Coralville, IA

SOLD

Coralville Iowa Inpatient Rehabilitation Hospital

Sale Announcement

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an inpatient rehabilitation hospital located in Coralville, IA. Mercy Iowa City Rehabilitation Hospital was recently constructed in 2020 in partnership Mercy Iowa City, an affiliate of MercyOne, and Kindred Healthcare to address the growing need for inpatient rehabilitation services across Iowa.

Mercy Iowa City Rehabilitation Hospital is the first freestanding inpatient rehabilitation hospital in eastern Iowa and among three in the state. In June 2018, Kindred and MercyOne opened MercyOne Rehabilitation Hospital in Clive, IA, a suburb of Des Moines.

Consisting of 54,600 RSF, Mercy Iowa City Rehabilitation Hospital is a state-of-the-art, 40-bed inpatient acute rehabilitation hospital dedicated to the treatment and recovery of individuals who have experienced the debilitating effects of a severe injury or illness and with specialty programs dedicated to neuro, stroke, brain injury, spinal cord injury and amputation. The hospital features all private rooms, a secure brain injury unit with private dining and a therapy gym, as well as a transitional living apartment designed to simulate a residential apartment, to prepare patients for their daily living tasks before they are discharged.

The leased investment is supported by a 15-year lease demonstrating the hospital’s dedication to providing compassionate and customized care to patients throughout Iowa and surrounding areas.

About HREA

HREA | HEALTHCARE REAL ESTATE ADVISORS is a national leader in advising healthcare providers and real estate owners with various monetization strategies, including disposition, debt & equity recapitalization, and tax-deferred structures, such as the Hybrid Sale-Leaseback®, §1031 Exchange, and UPREIT.

HREA’s capabilities also include providing health systems and physician groups with 100% nonrecourse financing for new development and expansion, as well as monetizing surplus and non-essential real estate assets.

The founders of HREA have completed over $3 billion of healthcare real estate sale transactions in nearly every state in the U.S. With an exclusive focus on healthcare real estate, HREA has a unique perspective of this rapidly evolving industry that provides solutions customized to each client’s goals and objectives.

ABOUT HREA | OUR SERVICES | NEWS | CONTACT US

CHRISTOPHER L. STAI, CPA
Managing Director
480.433.3494
cstai@healthcareREA.com
CA RE: 01836740
Raleigh, NC

JOSHUA D. H. REES, MRICS
Director
858.312.0657
jrees@HealthcareREA.com
CA RE: 02039922
San Diego, CA

RYAN V. MICHAELS
Associate
760.815.0421
rmichaels@HealthcareREA.com
CA RE: 02132328
San Diego, CA

JANTZEN B. GONGON
Director of Marketing
619.894.5949
jgongon@healthcareREA.com
San Diego, CA

HREA | Healthcare Real Estate Advisors , Raleigh, NC 27614

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