A portfolio of 4 Inpatient Rehab Facilities Owned By CNL Healthcare Properties has been acquired by Global Medical REIT Inc.
|Deal Type||Mergers & Acquisitions|
|Client & Transactional Partners||
CNL Healthcare Properties
Global Medical REIT Inc.
|Our Role||Financial Advisor|
On April 15, 2019, CNL Healthcare Properties (“The Company”) completed the sale of a 4-property inpatient rehab facility (IRF) portfolio to Global Medical REIT Inc. (“GMRE”) for $94 million. In conjunction with the IRF portfolio acquisition, GMRE completed a $70.7 million follow-on equity offering in March 2019. KeyBanc Capital Markets (KBCM) was an active bookrunner on the offering.
KBCM was engaged by CNL Healthcare Properties to serve as both the strategic alternatives and sell-side advisor to The Company given its longstanding relationship with management and its deep rooted expertise in healthcare real estate.