An affiliate of Livingston Street Capital has sold a 63,978-square-foot, 33-bed acute medical center in Great Bend, Kansas, for $39.9 million.
The firm acquired the University of Kansas Health System’s Great Bend Medical Care Center in December 2018.
Appetite for strong credit leased, full-service healthcare properties throughout the United States continues to be resilient despite challenges created by the pandemic, presenting an opportune time to capitalize on this investment, according to Peter Scola, President and Co-CEO of Livingston Street Capital.
The JLL Capital Markets team representing Livingston Street Capital as the seller in this transaction was led by Senior Director Brannan Knott and Senior Managing Director Mindy Berman, with support from Mike Shepard.
The University of Kansas Healthcare System, Great Bend Medical Care Center, is located in Great Bend, Kansas, less than one mile from Route 56, approximately 1.5 miles from Route 281, and a 10-minute drive from the Great Bend Municipal Airport. Highway 56 provides access to Salina, Topeka and Wichita. Wichita is the largest city in Kansas and is located 116 miles southeast of the property.