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Medical Behavioral Hospital of Indianapolis Trades
JLL Capital Markets has arranged the sale of the Medical Behavioral Hospital of Indianapolis, a 64-bed, 42,609-square-foot inpatient behavioral facility located in the fast-growing Indianapolis metro suburb of Greenwood, Indiana.
JLL worked on behalf of the seller, Medistar, and arranged acquisition financing for the buyer. The JLL Capital Markets team was led by Senior Managing Director Mindy Berman, Managing Director Brannan Knott and Director Vasili Davos.
Recently constructed in 2022, the facility offers general acute care psychiatric services for a medically complex patient population. The Medical Behavioral Hospital of Indianapolis is leased under a long-term absolute net lease with 19 years of remaining lease term.
“Investor interest in behavioral health is keen as demand for services has grown at a rapid pace,” said Berman. “The psychiatric care operator’s experience with multiple locations along with the property’s strong performance and favorable lease terms make it an attractive asset for investors seeking exposure to the behavioral sector within healthcare properties.”
