JLL Capital Markets arranges financing for micro-hospital acquisition

NEWPORT BEACH, CA, Aug. 6, 2024 – JLL Capital Markets announced today that it arranged financing for Dignity Health Micro-Hospital, a 38,900-square-foot multi-specialty hospital with an emergency room and imaging center in Phoenix, Arizona.

JLL represented the borrower, HPA Exchange LLC, a healthcare real estate investment sponsor created by the executive team of Healthcare Property Advisors, to secure the five-year, fixed-rate acquisition loan through a national healthcare lender.

The property is located at 7171 S. 51^st Dr. in Phoenix’s Laveen Village, approximately eight miles southwest of downtown Phoenix.

Completed in 2014, Dignity Health Micro-Hospital consists of a 24/7 emergency department, 16 patient beds, 10 emergency room beds, two advanced operating suites for surgical procedures, a full onsite lab, a full radiology suite with CT scan, X-ray and ultrasound capabilities, a pharmacy and a cafeteria. The property was a build-to-suit for Dignity Health who leases the entire facility on a long-term, absolute net-lease basis.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director John Chun and Director Daniel Digerness. Borrower acquisition team was spearheaded by Robert Lee and Thuy Turner, Co-Presidents of HPA Exchange, LLC.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients – whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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HPA Exchange, LLC is a new business platform created by the executive team of Healthcare Property Advisors, a vertically integrated healthcare real estate owner, investor, and operator. The vertical integration of the firm allows HPA to leverage the relationships with a large network of healthcare systems, and provide active asset management, investment and development of medical office buildings and outpatient facilities. Healthcare Property Advisors’ executive team has acquired or advised on the investment of more than $1 billion in healthcare related properties since 2014. Headquartered in Brea, California, HPA Exchange is a real estate investment sponsor that provides private placement fund and 1031 Exchange DST offerings focused on medical properties anchored by credit-tenant healthcare systems, physician groups, life science groups and other outpatient facilities. For more information, visit www.HPAXchange.com. HPA Exchange, LLC offers securities through American Alternative Capital, LLC (AAC), member FINRA/SIPC. Only available in states where AAC is registered. AAC is not affiliated with HPA Exchange, LLC. This communication is provided for informational purposes only. Additional information is available upon request. Historical data does not guarantee future results. Real estate security investments may be speculative, illiquid, and carry a high degree of risk – including the potential loss of the entire investment.