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MedProperties Acquires Fargo Rehab Facility

MedProperties Fund III has acquired the 42-bed, 57,000-square-foot PAM Inpatient Rehab Facility in Fargo, ND for an undisclosed sum. The fund is sponsored by Dallas-based private equity firm MedProperties Realty Advisors, LLC. 
 
The Fargo facility is 100% leased on an absolute net basis for 18 years to Camp Hill, PA-based Post Acute Medical (PAM), an experienced operator of inpatient rehab facilities. This is MedProperties’ third transaction involving a PAM property. 
 
“This property is strategic for the tenant and will be a reliable source of cash flows for our investors,” said MedProperties managing principal Darryl Freling. “It is the only inpatient rehab facility in the state, so it draws from a broad market that includes all of North Dakota as well as portions of Minnesota and South Dakota.”
 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition