CBRE CAPITAL MARKETS | HEALTHCARE & LIFE SCIENCES
JUST SOLD & FINANCED
Post Acute Medical Rehabilitation Hospital
GOLDEN, COLORADO
10/20/21
DATE SOLD/FINANCED
60,000
SQUARE FEET
100%
LEASED
CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Post Acute Medical Rehabilitation Hospital of Golden, in Golden, Colorado. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger acted as the seller’s exclusive advisors. Additionally, Sabrina Solomiany, Zack Holderman and Cole Reethof of CBRE’s U.S. Healthcare and Life Sciences Debt & Structured Finance group worked on behalf of the buyer, Norvin Healthcare Properties, to secure the acquisition financing.
The Property is located in the affluent Denver MSA suburb of Golden, Colorado, approximately 13 miles west of Downtown Denver. The ±60,000-square-foot inpatient rehabilitation facility is 100% absolute triple net leased to Post Acute Medical (PAM) on a 20 year term with 2.5% annual rent escalations. The tenant is completing a $4.25 million renovation of the building which will expand the capacity of the facility to 60 rehabilitation beds, with the ability to add more as the business grows.
Post Acute Medical provides high quality, post-acute care services for people with injuries, illnesses and disabilities. They treat patients with a wide variety of conditions such as brain injury, Parkinson’s disease, spinal cord injury, amputation, wounds, neurological disorders and more. PAM is made up of more than 40 long-term acute care hospitals and medical rehabilitation hospitals and 18 outpatient physical therapy locations across 13 states.
CBRE was able to arrange for acquisition financing with favorable terms including non-recourse and a lengthy interest-only period at a competitive interest rate.
For more information, or if we can help with your healthcare real estate holdings, please contact us.
For more information, please contact:
Chris Bodnar
Vice Chairman
+1 303 628 1711
Lee Asher
Vice Chairman
+1 404 504 5965
Ryan Lindsley
Senior Director
+1 303 628 1745
Jordan Selbiger
Senior Director
+1 404 923 1259
Sabrina Solomiany
First Vice President
+1 404 536 5054
Zack Holderman
Senior Vice President
+1 858 546 4670
Cole Reethof
Associate Director
+1 404 504 7864
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
