Carter Validus Mission Critical REIT II, Inc. acquired the Winter Haven Healthcare Facility for approximately $3.8 million and the Heartland Rehabilitation Hospital property for approximately $24.5 million.
The Winter Haven Healthcare Facility measures approximately 7,560 square feet in net rentable area, and is located in Winter Haven, Florida. Winter Haven is a growing city of Florida, located between two of Florida's largest metropolitan areas — Tampa and Orlando. The facility, constructed in 2009, is a medical clinic specializing in the diagnosis and treatment of non-life threatening illnesses and injuries. It features eight exam rooms, a triage room, offices and labs for physicians, and an x-ray imaging center.
The Heartland Rehabilitation Hospital is a newly built, 45-bed in-patient rehabilitation facility ("IRF") that is located on 4.28 acres and measures approximately 54,568 sq ft in net rentable area. The IRF will provide physical, psychological, social and vocational rehabilitation services for patients, and is 100% leased to Heartland Rehabilitation Hospital, LLC, a newly formed operating subsidiary of Post-Acute Medical, LLC ("PAM"). PAM is an owner/operator of eight IRFs and Long-Term Acute Care Hospitals, and is an affiliate of Vibra Healthcare, LLC.
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