ATLANTA-Inland American Real Estate Trust has sold a national portfolio of hospitals to Healthcare Trust of America for $102 million. The purchase includes four long-term acute care hospitals.
CB Richard Ellis’ Healthcare Capital Markets Group, led by Lee Asher and Chris Bodnar, represented the seller. The multi-market hospital portfolio spreads across Georgia, Texas and Florida. The properties are leased and operated by Select Medical Corporation, and include 217,000 square feet with 209 licensed beds.
"Understanding the long-term care industry was essential to facilitating the combined sale of this group of specialty hospitals," Asher tells GlobeSt.com. "It showcases how the CBRE platform can be applied to the healthcare industry, specifically with specialty medical product offerings."
According to Marcus & Millichap Medical Office Research Report Second Half 2010, the passage of the Patient Protection and Affordable Care Act during the first half of 2010 will have a far reaching, long-term impact on the healthcare sector, expanding coverage to as many as 32 million previously uninsured individuals. The firm predicts this one-time expansion of coverage will support a significant increase in demand for medical office space.
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