MUSKOGEE, OK-Grubb & Ellis Healthcare REIT II Inc. hasacquired the 41-bed Muskogee Long-Term Acute Care Hospital for $11million from Muskogee LTACH LLC in an all-cash transaction.
The 37,000-square-foot facility is the fifth purchase for theREIT, which focuses primarily on medical office buildings and otherhealthcare-related facilities. It plans to raise $3 billion,and as of May 21, 2010, it had raised $57.9 million, according torecent filings with the SEC.
Located at 351 South 40th St., the Class A, one-story hospitalis 100% occupied by Solara Hospital Muskogee LLC under a triple netlease that runs through Nov. 29, 2021. The lease isguaranteed by Solara Healthcare, LLC, a privately owned operator ofseven long-term acute care and other healthcare relatedfacilities.
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