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Alternative Assets  + Real Estate  |  September 23, 2024
HPA Exchange Launches $15.4M DST Offering for Phoenix Micro-Hospital
By: Joe Palmisano

HPA Exchange Launches $15.4M DST Offering for Phoenix Micro-Hospital

HPA Exchange LLC launched the HPA Dignity Health Arizona DST. The DST consists of a full-service micro-hospital in Phoenix that is 100% leased on an absolute triple net basis to Dignity Health. The offering aims to raise $15.4 million.

The 3.92-acre property was built-to-suit and completed in 2014 for Arizona General, a wholly owned subsidiary of Dignity Health. The acute care micro-hospital includes 38,900 rentable square feet and the lease is guaranteed by Dignity Health.

“We are incredibly excited to introduce HPA Dignity Health Arizona DST to broker-dealers, registered investment advisory firms, financial advisors and their accredited investor clients,” said Robert Lee, co-president and CIO of HPA Exchange. “This offering is a prime example of our commitment to bringing institutional-quality, mission-critical healthcare real estate investment opportunities to the alternative investment community.”

Dignity Health is a part of CommonSpirit Health, a nonprofit health system. Dignity Health has more than 10,000 physicians, 400 care centers, and a reported $10.8 billion 2023 annual revenue.

Headquartered in Brea, CA and launched in 2024, HPA Exchange LLC is a healthcare real estate investment sponsor created by the executive team of Healthcare Property Advisors, an institutional real estate fund manager, owner, operator and developer. The team has acquired or advised on the investment of over $1 billion in healthcare-related properties since 2014.

Read More News Stories About: AXA Venture Partners
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HPA Exchange LLC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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