Representative Transactions

Lincoln Park Hospital

  • Asset Type: Medical/Hospital
  • Location: Lincoln Park, Chicago, Illinois
  • Size: 648,000 square foot hospital facility and parking garage

This asset was acquired as a net lease investment with the potential for future redevelopment. The project was leased to Merit Health Systems, headquartered in Denver, Colorado, under a 99 year lease with an option to purchase. The lease provided steady cash flow returns until Merit exercised its purchase option after a four year period. The 2.65 acre site has subsequently been redeveloped into a mixed use project consisting of retail, apartments, condominiums and single family homes.