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Healthcare REIT acquires comprehensive inpatient rehabilitation hospital for over $23 million

A healthcare real estate investment trust (REIT) acquired a comprehensive inpatient rehabilitation facility (IRF) consisting of 64,380 square feet and having 60 licensed IRF and skilled nursing facility beds located on seven acres in New Albany, Indiana, with a purchase price in excess of $23 million.

Waller assisted our client with the purchase and leaseback. This transaction is representative of the real estate transactions handled by the firm for healthcare real estate investors (as opposed to healthcare providers).

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