Wednesday, January 11, 2017

Global Medical REIT Inc. Acquires Three HealthSouth Hospitals

Global Medical REIT, Inc. (NYSE: GMRE) has acquired a portfolio of three HealthSouth rehabilitation hospitals in Pennsylvania and Arizona from Healthcare Realty Trust Inc. for $68.1 million, or $377.81 per square foot.

The facilities are East Valley Rehabilitation Hospital in Mesa, AZ; HealthSouth Rehabilitation in Mechanicsburg, PA; and HealthSouth Rehabilitation Hospital in Altoona, PA.

The three properties, each of which was leased to HealthSouth Corp. under long-term triple net leases, comprise 215 beds.

Bethesda, MD-based Global Medical REIT, one of the newer investors in the medical office space, closed last fall on the purchase of nine MOBs in three separate portfolio transactions in South Dakota, northern Ohio and East Orange, NJ, with three more buildings scheduled to close in December, for an aggregate $30.9 million.

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