HREA
SOLD
HEALTH SYSTEM ANCHORED MOB
BRIGHTON, MICHIGAN
Sale Announcement
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a health system anchored multi-tenant medical office building located in Brighton, MI.
Genoa Medical Center consists of approximately 81,269 square feet and is occupied by an array of well-established practice groups that offer primary care, family medicine, ENT, orthopedics, ophthalmology, dermatology, lab, and a pharmacy.
Located 20 miles north of Ann Arbor, Genoa Medical Center is strategically positioned adjacent to the affiliated St. Joseph Mercy Brighton Health Center, which has been serving the Livingston County community since 1986.
In addition, Genoa Medical Center is anchored by IHA, a wholly-owned subsidiary of Saint Joseph Mercy Health System and Trinity Health, one of the largest multi-specialty healthcare providers in Michigan with nearly 900 physicians caring for more than one million patients each year. The proximity to St. Joseph Mercy Brighton Health Center and the five-hospital Saint Joseph Mercy Health System provides the residents of Livingston County with convenience and access to a large network of primary and specialty care services.
Approximately 86% of the Building’s occupancy recently extended their leases, demonstrating a long-term commitment to the location and patient base.
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
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