PHOENIX MEDICAL PSYCHIATRIC HOSPITAL

PHOENIX, ARIZONA

Acquired in August of 2019, this 96-bed behavioral health facility located near downtown Phoenix will care for patients struggling with medical and psychiatric conditions. Originally purchased for $12 million, the hospital anticipates a complete renovation worth $11.3 million done by Caliber Construction and Development. The neuropsychiatric hospital was completed in 2020 and is expected to bring 80 high-income jobs into the area.

PURCHASE DATE

2019

ASSET CLASS

MEDICAL OFFICE

SUB-MARKET

PHOENIX UNIVERSITY MEDICAL CENTER CAMPUS

 

BEDS

96

STRATEGY

ADAPTIVE REUSE

PURCHASE DATE: 2019

ASSET CLASS: MEDICAL OFFICE

SUB-MARKET: PHOENIX UNIVERSITY MEDICAL CENTER CAMPUS

BEDS: 96

STRATEGY: ADAPTIVE REUSE

Investments in Caliber private placements can lose value, are illiquid and are speculative.

PROPOSED VALUE

doctor with patient
For illustration purposes only, not a Caliber asset.

Innovative Patient Care

The first Psychiatric Hospital in Arizona that provides care to psychiatric patients requiring medical attention

In-Demand Healthcare Jobs

The hospital will provide employment to over 80 employees in the medical industry with an income rate above average for the area

doctor looking at charts
For illustration purposes only, not a Caliber asset.
city of Phoenix downtown
For illustration purposes of the asset area.

Prime Location

The hospital is located within walking distance to the Banner University Medical Center Phoenix, as well as several other surrounding medical facilities making it an ideal location

Investments in Caliber private placements can lose value, are illiquid and are speculative.

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