HREA
2021 Year in Review
Thank You for a Successful 2021!
27 Assets Sold Healthcare Properties
$312 Million Total Value
$3.5+ Billion Historical Sales Volume
Our team would like to express our sincere appreciation to our clients for helping make 2021 a successful year. We greatly value our relationship and wish you a healthy and successful 2022.
HREA’s team of professionals advised on the sale of 27 healthcare real estate assets throughout the U.S. totaling $312 million in 2021. The majority of the assets involved high-acuity mission-critical facilities, including ASCs, physician-owned hospitals, and post-acute inpatient rehab facilities.
With a primary focus in representing healthcare providers, HREA leverages its unique experience in the industry by navigating advanced transaction structures that are tailored to each client’s goals and objectives, including a variety of tax-deferred structures.
Hybrid Sale-Leaseback® – Partial sale of the asset that provides tax-deferred continued physician-ownership in the real estate and liquidity valued at a 15x – 20x multiple
UPREIT Reinvestment – Tax-deferred diversified reinvestment in the REIT’s portfolio providing continued investment yield and estate tax planning options
§1031 Like-Kind Exchange – Allows each physician to invest independent from the group in a tax-deferred manner
Transaction of the Year
Southeast Michigan Medical Office Portfolio
The Southeast Michigan Medical Office Portfolio, located primarily in Ann Arbor, MI, consists of 338,228 square feet and is comprised of nine (9) institutional quality single-tenant and multi-tenant medical office buildings that are majority leased to IHA, one of the largest multi-specialty healthcare groups in Michigan. IHA is a wholly owned subsidiary of Saint Joseph Mercy Health System and a member of Trinity Health. The Portfolio offers convenient access to primary care and an array of specialties, serving a population base of more than 4.4 million people and treating more than one million patients each year.
Highlighted Transactions
Edgewood Surgical Hospital
State-of-the-Art Surgical Hospital
23,700 RSF
Transfer, PA
Urology Nevada
State-of-the-Art MOB
30,000 SF
Reno, NV
Genoa Medical Center
Multi-Specialty Healthcare
81,269 SF
Brighton, MI
Comprehensive Outpatient Joint & Spine Institute
State-of-the-Art ASC
12,747 SF
Odessa, FL
Mercy Iowa City Rehabilitation Hospital
Inpatient Rehabilitation Hospital
54,600 RSF
Coralville, IA
Lohman Endoscopy Center
Modern Free-Standing MOB & ASC
13,444 SF
Las Cruces, NM
Tri-City Surgery Center
Outpatient Surgery Center
12,718 SF
Prescott, AZ
Bakersfield MOB Portfolio
Multi-tenant Medical Office Buildings
65,140 SF
Bakersfield, CA
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
JANTZEN B. GONGON
Director of Marketing
619.894.5949
jgongon@healthcareREA.com
San Diego, CA
RYAN V. MICHAELS
Associate
760.815.0421
rmichaels@HealthcareREA.com
CA RE: 02132328
San Diego, CA
HREA | Healthcare Real Estate Advisors , Raleigh, NC 27614
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