FCPT Announces Sale Leaseback of Two Riverview Health Outpatient Primary Care Properties for $13.5 Million
Four Corners Property Trust (FCPT) has acquired two Riverview Health outpatient primary care properties in Indiana for $13.5 million through a sale leaseback transaction. The properties, located in high-traffic areas, are under long-term triple net leases with a weighted average of 12 years remaining. The transaction was priced at a 7.3% cap rate on rent at closing, excluding transaction costs. Riverview Health, the tenant, is a non-profit health system owned by Hamilton County (Indiana), operating two hospitals and multiple immediate care, primary care, and specialty care facilities.
Four Corners Property Trust (FCPT) ha acquisito due immobili per la salute ambulatoriale di Riverview Health in Indiana per 13,5 milioni di dollari attraverso una transazione di sale leaseback. Gli immobili, situati in aree ad alto traffico, sono sotto contratti di locazione a lungo termine con una durata media ponderata di 12 anni rimanenti. La transazione è stata valutata con un tasso di capitalizzazione del 7,3% sull'affitto al momento della chiusura, escluse le spese di transazione. Riverview Health, il inquilino, è un sistema sanitario non profit di proprietà della Contea di Hamilton (Indiana), che gestisce due ospedali e molte strutture di cura immediata, di cura primaria e di specialità.
Four Corners Property Trust (FCPT) ha adquirido dos propiedades ambulatorias de atención primaria de Riverview Health en Indiana por 13.5 millones de dólares a través de una transacción de venta con arrendamiento. Las propiedades, ubicadas en áreas de alto tráfico, están bajo contratos de arrendamiento triple neto a largo plazo con un promedio ponderado de 12 años restantes. La transacción se valoró con un tasa de capitalización del 7.3% sobre el alquiler al cierre, excluyendo costos de transacción. Riverview Health, el inquilino, es un sistema de salud sin fines de lucro perteneciente al Condado de Hamilton (Indiana), que opera dos hospitales y múltiples instalaciones de atención urgente, atención primaria y atención especializada.
포 코너스 부동산 신탁(FCPT)는 두 개의 리뷰뷰 건강 외래 기본 진료 시설을 인디애나에서 1350만 달러에 매각 후 임대 거래를 통해 인수했습니다. 이 시설들은 유동인구가 많은 지역에 위치해 있으며, 평균 잔여 기간이 12년인 장기 임대 계약을 체결하고 있습니다. 거래는 거래 비용을 제외하고, 폐쇄 시 임대 수익에 대한 7.3%의 자본 수익률로 가격이 책정되었습니다. 세입자인 리뷰뷰 건강은 두 개의 병원과 여러 응급 치료, 기본 진료 및 전문 치료 시설을 운영하는 해밀턴 카운티(인디애나)에 소속된 비영리 건강 시스템입니다.
Four Corners Property Trust (FCPT) a acquis deux biens immobiliers ambulatoires de soins primaires Riverview Health dans l'Indiana pour 13,5 millions de dollars à travers une transaction de vente avec bail. Les propriétés, situées dans des zones à fort trafic, sont sous des baux triples nets à long terme avec une durée moyenne pondérée restant de 12 ans. La transaction a été évaluée à un taux de capitalisation de 7,3% sur le loyer au moment de la clôture, hors frais de transaction. Riverview Health, le locataire, est un système de santé à but non lucratif appartenant au comté de Hamilton (Indiana), exploitant deux hôpitaux et plusieurs installations de soins urgents, de soins primaires et de soins spécialisés.
Four Corners Property Trust (FCPT) hat zwei ambulante Einrichtungen der Riverview Health in Indiana für 13,5 Millionen Dollar durch eine Sale-Leaseback-Transaktion erworben. Die Objekte befinden sich in stark frequentierten Lagen und stehen unter langfristigen Triple-Net-Lease-Verträgen mit einer gewichteten durchschnittlichen Restlaufzeit von 12 Jahren. Die Transaktion wurde zum 7,3%-Kapitalisierungszins beim Abschluss, ohne Transaktionskosten, bewertet. Riverview Health, der Mieter, ist ein gemeinnütziges Gesundheitssystem im Besitz des Hamilton County (Indiana), das zwei Krankenhäuser sowie mehrere Einrichtungen für Notfallversorgung, Grundversorgung und Fachversorgung betreibt.
- Strategic acquisition of healthcare properties in high-traffic locations
- Long-term triple net leases with 12-year average remaining term
- Attractive 7.3% cap rate on investment
- Tenant is a county-owned healthcare system, suggesting stable tenant profile
- None.
Insights
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The deal's strategic value lies in expanding into healthcare properties backed by a county-owned health system, which offers stronger tenant credit quality compared to standalone medical practices. The properties' location in high-traffic corridors in Indiana suggests strong underlying real estate fundamentals and potential for long-term value appreciation. For context, medical office buildings typically trade at cap rates between
While relatively small at
About FCPT
FCPT, headquartered in
Category: Acquisition
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Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Source: Four Corners Property Trust
FAQ
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