HPA Exchange, a healthcare real estate investment sponsor created by the executive team of Healthcare Property Advisors, has launched HPA Dignity Health Arizona DST.
Seeking to raise $15.4 million in equity from accredited investors, the Delaware statutory trust (DST) offering consists of a full-service micro-hospital in Phoenix that is 100 percent leased on an absolute triple-net basis to Dignity Health.
According to Jones Lang LaSalle’s Medical Outpatient Building Perspective report, released in April, medical outpatient buildings have seen relentless demand and remain one of the most resilient commercial real estate property types.
The 3.92-acre acute care micro-hospital was built to suit and completed in 2014 for Arizona General, a wholly owned subsidiary of Dignity Health. The property is in Phoenix’s Laveen Village, approximately eight miles southwest of downtown. The hospital includes 38,900 rentable square feet and also features a 24/7 emerg