HPA Exchange Expands Portfolio with Acquisition of Nexus Dallas Children's Hospital

HPA Exchange Enhances Healthcare Real Estate Portfolio with Nexus Dallas Children’s Hospital Acquisition

In a strategic move within the healthcare real estate sector, HPA Exchange LLC has finalized the acquisition of Nexus Dallas Children’s Hospital, significantly bolstering its investment portfolio. The facility, situated at 9525 Greenville Ave., Dallas, spans an impressive 86,880 square feet and was specifically designed for pediatric care, accommodating the specialized healthcare needs of young patients. This acquisition not only reflects HPA Exchange’s dedication to expanding access to quality healthcare but also embodies its focus on high-value, mission-critical properties.

Robert Lee, the co-president and chief investment officer of HPA Exchange, expressed enthusiasm about adding this exceptional facility to their collection. He highlighted that the acquisition underscores their commitment to securing properties that demonstrate long-term tenant stability while enhancing the healthcare services available in communities. The Nexus Dallas Children’s Hospital, operated by Nexus Health Systems, aligns perfectly with HPA Exchange’s strategy, as it brings critical services tailored for patients with complex medical conditions and rehabilitation needs.

Built in 2022 and currently under an absolute triple net lease agreement, the property is guaranteed by Nexus Health Systems. This ensures a steadfast commitment to maintaining operations at a facility designed with the utmost care for pediatric patients. Currently, the hospital features 30 beds with potential expansion capability reaching up to 60 beds, thereby accommodating an increasing patient influx as demand grows.

Nexus Dallas Children's Hospital serves a diverse patient demographic, extending care to individuals of all ages suffering from brain and spinal cord injuries, as well as various complex medical conditions. The institution offers seven specialized care programs across ten service lines, such as cognitive therapy, physical therapy, and outpatient services, effectively acting as a bridge between acute hospital care and home-based rehabilitation.

Thùy Turner, co-president and COO of HPA Exchange, emphasized the importance of such targeted healthcare facilities, noting that they are becoming increasingly vital for communities looking for specialized, patient-focused care outside of traditional large hospital environments. The hospital's design and operational efficiency are prime examples of the quality that HPA Exchange seeks in its portfolio, supporting its overarching mission to enhance healthcare access.

The acquisition occurs in a rapidly growing region, the Dallas-Fort Worth-Arlington metropolitan area, which is projected to increase its population significantly, with more than 8.3 million residents as per the latest U.S. Census Bureau estimates. This area is home to around 120 hospitals and generates over $28 billion in combined revenue annually, according to Cause IQ. HPA Exchange's keen interest in strategically located healthcare properties positions it well to capitalize on these favorable demographic trends.

HPA Exchange, headquartered in Brea, California, is recognized for its seasoned leadership team, who has over two decades of experience in healthcare real estate investment. As a joint venture formed in 2024 with the backing of Vital Capital Partners and The Innovation Institute, HPA is uniquely poised to navigate the healthcare real estate landscape. The firm aims to provide high-quality investments operated by the leading healthcare systems and delivers institutional-grade healthcare services to accredited investors.

Over the past decade, the executive team has developed a robust track record, having managed investments exceeding $1 billion in healthcare-related properties. This latest acquisition underlines HPA Exchange's commitment to the healthcare sector amidst the ongoing demand for efficient and specialized healthcare services, particularly as urban populations swell and healthcare needs diversify.

For more information about HPA Exchange and its future ventures, you can visit their website at www.hpaxchange.com.