Northwest Arkansas hospital trades for $28.25M

DENVER, Aug. 13, 2024 -  JLL Capital Markets announced today that it has completed the $28.25 million sale of Mercy Rehabilitation Hospital Fort Smith, a 50-bed, inpatient rehabilitation hospital ("IRF") in the northwest Arkansas community of Fort Smith.

JLL represented the seller, The Sanders Trust and procured the buyer, Sila Realty Trust, Inc. (NYSE: SILA).

Mercy Rehabilitation Hospital Fort Smith is 100 percent occupied by a joint venture between national post-acute care operator Lifepoint Health and Mercy Health System, the sixth largest Catholic healthcare system in the United States. Lifepoint Health is a best-in-class operator with strong fundamentals dedicated to helping patients recover from acute illnesses and injuries.

The freestanding hospital opened in 2021 and features 50 private rooms across two floors that are equipped with the latest rehabilitation equipment and staffed by a team of medical experts who provide comprehensive inpatient rehabilitation care. The 62,570-square-foot facility is located at 6700 Chad Colley Blvd, between Interstates 49 and 540 in northwest Arkansas.

Director CJ Kodani of JLL's Medical Properties Group represented the sellers.

"There is strong investor interest in IRFs due to the rapid growth in demand for services," said Kodani. "The operator's national experience with acute inpatient rehabilitation services along with the property's strong performance and favorable lease terms make it an attractive asset for investors seeking exposure to the post-acute care sector within healthcare real estate."

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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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.