Orange County, California-based Healthcare Property Advisors has rolled out HPA Exchange LLC, a new real estate investment sponsor designed to connect accredited investors with private placement opportunities anchored by medical properties.
The new firm will initially focus on Section 1031 exchange offerings and target healthcare real estate within secondary growth markets. HPA Exchanged stated it would seek to offer investment grade core, and core-plus institutional quality properties that are operated by best-in-class healthcare systems, established physician groups, and life science groups for outpatient purpose-built facilities.
HPA Exchange is led Thùy Turner and Robert Lee, who serve as co-presidents.
“The healthcare industry has historically been recession resilient with predictable occupancy rates, paving the way for the potential of long-term reliable cash flows and strategic value-add opportunities,” said Turner, who is also chief operating officer of HPA Exchange. “Non-high-acuity healthcare is also transitioning from large acute care environments like hospitals to well-located and well-designed strategic ambulatory care, typically closer to neighborhoods.”
Lee, who is also chief investment officer of HPA Exchange, added, “These types of facilities still maintain the various services found in hospitals like imaging, pharmacies, labs, and specialty care but are designed to service the community for better access and efficiency. These modern facilities improve the patient experience, creating shorter wait times and typically lower costs than traditional hospital environments. Some traditional, seasoned hospital brands are in these modern buildings to establish a high-end retail experience, while capturing and expanding their patient care network. We are excited to enter the private placement marketplace and bring advisors and investors alike these new healthcare investment opportunities.”
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