Username
Password

Log in to access helpful sales tools, investor forms, and marketing materials.

Forgot Your Password?
New user?

Close this dialog box


Home > News

News:

Dec 21, 2011

American Realty Capital Healthcare Trust Acquires Methodist North Medical Office Building and Odessa Regional Medical Office Building


American Realty Capital Healthcare Trust, Inc., (“ARC Healthcare” or the “Company”) announced that, on December 19, 2011, the Company closed its acquisition of a ground leasehold interest in a three-story outpatient center known as the "Methodist North Medical Office Building," located in Peoria, Illinois, for a purchase price of approximately $24.6 million, exclusive of closing costs. In addition, the Company closed on an acquisition of a ground leasehold interest in a medical office building known as the "Dr. Albert B. Finch Medical Office Building" located in the campus of the Odessa Regional Medical Center located in Odessa, Texas, for a purchase price of approximately $7.4 million, exclusive of closing costs. These two acquisitions increase the total size of ARC Healthcare’s portfolio to approximately $161.2 million comprised of 11 properties. The two acquisitions total 112,522 square feet.


The Methodist North Medical Office Building is 100% leased to Methodist Services, Inc., an Illinois not for profit subsidiary of the ground lease guarantor, Methodist Health Services Corporation, pursuant to two tenant leases. The tenant leases expire in January and February 2025, respectively. The ground lease, which commenced in July 2008, has an initial term of 50 years that expires in July 2058. The ground lease contains two 25-year renewal options.

The on-campus medical office building in the Odessa Regional Medical Center is 100% leased to Odessa Regional Hospital, LP., a subsidiary of the guarantor, IASIS Healthcare Corporation. The tenant lease expires in May 2023. The ground lease, which commenced in July 2007, has an initial term of 50 years that expires in July 2057. The ground lease contains two 25-year renewal options.

American Realty Capital Healthcare Trust, Inc. is a publicly registered, non-traded real estate investment program.

To arrange interviews with executives of American Realty Capital Healthcare Trust, Inc. please contact Tony DeFazio at 484-532-7783 or tony@defaziocommunications.com.


This material does not constitute an off­er to sell nor a solicitation of an off­er to buy any securities described herein or otherwise. Only a prospectus for a specific securities offering makes such an off­er. In that regard, the use of this material is authorized only when it is accompanied or preceded by a prospectus. Further, all information contained in this material is qualified by the terms of a current Prospectus of the off­ering of securities to which it relates, if any.

This material may contain forward-looking statements that involve assumptions, uncertainties and risks, some of which are set forth below. These statements are not guarantees and should not be regarded as representations that the results or conditions described in such statements, or that our objectives and/or plans, will be achieved.

A real estate investment program offering is subject to the following Risks: The failure to qualify, or maintain the requirements, to be taxed as a REIT would reduce the amount of income available for distribution and limit a REIT's ability to make distributions to its stockholders. No public market initially exists for a REIT's shares of common stock, and one may never exist for this or any other such type of real estate program. Securities are being offered on a best efforts basis. These are speculative securities and as such involve a high degree of risk. There are substantial conflicts among an offering and its sponsor, advisor, dealer manager and property manager. There is no assurance that the value of the real estate will be suffi­cient to return any portion of investors' original capital. Operating results will be affected by economic and regulatory changes that have an adverse impact on the real estate market and we cannot assure you that there will be growth in the value of the properties.


Related Materials

News Archive