Property details
Phoenix, Arizona
Kindred Healthcare
Investment type
Net Lease
Asset Class
Medical
Ownership Structure
Delaware Statutory Trust (DST)
Year Acquired
2016
Investment Summary
The property consists of a three-story, 81,371 square foot medical building located on a 2.78 acre parcel at 1880 East Van Buren Street in Phoenix, Arizona, customized to specifications requested by Kindred.
The Property features 120 beds, each in a private room, and provides intensive, short-term rehabilitation therapy in bariatrics, orthopedics, cardiology, and burn care. At ground level, the Property has an open courtyard for patients and guests including outdoor rehabilitation and a dedicated outdoor therapy garden. The Property will also include a dining hall, spa, and physical therapy and rehabilitation suites.
Syndicated structured its acquisition as a Delaware Statutory Trust (DST) to accommodate investors completing a Section 1031 Exchange.