The Newly Constructed Clinic is 100% Leased to Lehigh Valley Health Network
MACUNGIE, PA / ACCESSWIRE / September 11, 2024 / Kingsbarn Realty Capital ("Company" or "Kingsbarn") has announced the acquisition of a new single-tenant, net-lease medical clinic ("Property") in Macungie, Pennsylvania. The Property, Health Center at Macungie by LVHN (Lehigh Valley Health Network), was constructed in 2023 and features a variety of medical services, lab services, Lehigh Valley Physician Group family medicine, orthopedics, cardiology and pediatrics practices, outpatient adult rehabilitation and cardiac and vascular diagnostic testing.
"Health Center at Macungie will be offered to our clients under a Delaware Statutory Trust (DST) ownership structure as a simplified 1031 exchange solution," stated Jeff Pori, CEO of Kingsbarn. "With its prime location on Macungie's main thoroughfare and its range of medical services, this newly constructed facility offers an attractive investment opportunity for those seeking the stability and growth of healthcare real estate."
In addition to Health Center at Macungie, Lehigh Valley Health Network includes 14 hospital campuses in Pennsylvania, 28 other health centers, and numerous primary and specialty care physician practices. As of July, the group has a Moody's credit rating of A2. LVHN announced plans to merge with Jefferson Health in December 2023. The merger of LVHN and Philadelphia-based Jefferson Health would create a massive 30-hospital network, with nearly $13± billion in revenue and over 2,000 hospital beds. Post-merger, the new giant consisting of Jefferson Health and LVHN will become the second-largest hospital network in Pennsylvania.
ABOUT KINGSBARN REALTY CAPITAL
Kingsbarn Realty Capital is a real estate-centric investment house that provides institutional and accredited private investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private capital, managed accounts and Delaware Statutory Trusts (DSTs). Additionally, Kingsbarn's management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $2 billion of assets under management and has acquired over 280 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, medical, industrial, retail, and hospitality. For further information, visit www.kingsbarn.com.
Contact Information
Emma Williams
Director of Public Relations
emma@theferrarogroup.com
+17023677771
SOURCE: Kingsbarn Realty Capital
View the original press release on newswire.com.
