Reunion Hospital Inverness

Englewood, COLORADO

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The Offering

Type
Medical
Price
Contact Broker
Year Built
2022
% Leased
100%
# of Buildings
1

Investment Highlights

New construction, state-of-the-art Class A Inpatient Rehabilitation Facility (IRF) located in the affluent southeast Denver submarket

40 beds

Absolute net lease structure

Over 22 years of remaining lease term with 2.0% YOY escalations throughout

215,000 residents within a 5-mile radius with an average household income of $146K

Fee simple, offered free and clear of debt

Corporate guaranty

Investment Overview

Quiver Investments (“Quiver”) and Cushman & Wakefield (“C&W”), as exclusive advisors, are pleased to offer for sale the fee simple interest in Reunion Inverness Rehabilitation Hospital (“Reunion Inverness” or the “Property”), a brand-new, state of the art inpatient rehabilitation hospital where cutting edge technology meets compassionate care. With its grand opening in March 2022, this operational and fully leased asset is now available for acquisition.

Conveniently located in the affluent Inverness / Denver Tech Center area of southeast Denver, the facility provides care for patients with debilitating illnesses and injuries from stroke, major multiple trauma and other complex neurological and orthopedic conditions. The 40-bed, three (3)-story, custom-built inpatient rehabilitation facility (“IRF”) provides these patients with private rooms, two high tech therapy gyms, outdoor courtyard and therapy areas, large open corridors, on- site café, and spacious family meeting areas.

Designed by BSA LifeStructures, a leading national healthcare architecture firm, this is the 2nd location for Reunion Rehabilitation Hospitals in the metro Denver area. The other location in Colorado (Reunion Hospital: Denver/Northfield) was recently acquired by AEW Capital management with over $100 billion of assets under management on behalf of Michigan State Pension Fund.

Reunion Rehabilitation Hospitals (“Reunion”) utilizes their state-of-the art facilities and teams of medical professionals to offer inpatient rehabilitation services in Colorado, Arizona, Texas and Florida. As leaders in inpatient rehabilitation, Reunion is committed to providing individualized and compassionate care to patients recovering from debilitating illnesses and injuries, such as stroke, brain injury, and other complex neurological and orthopedic conditions. Reunion hospitals are operated by Nobis Rehabilitation Partners (“Nobis”), a third-party operator based in Allen, Texas. Nobis manages a total of 24 inpatient rehabilitation hospitals across the United States for multiple owners.

The Reunion Inverness investment opportunity boasts an Absolute Net lease structure providing an investor a year one Net Operating Income (“NOI”) of $2,678,234 (for the 12 months beginning 9/1/2024) with over 22 years of remaining lease term plus two additional 5-year options to extend at continued 2.0% YOY increase

Team