Kingsbarn Realty Capital has announced the acquisition of a new single-tenant, net-lease medical clinic in Macungie, Pennsylvania. The Property, known as Health Center at Macungie by LVHN (Lehigh Valley Health Network), was constructed in 2023. It offers a range of medical services, lab services, Lehigh Valley Physician Group family medicine, orthopedics, cardiology and pediatrics practices, as well as outpatient adult rehabilitation and cardiac and vascular diagnostic testing.
“Health Center at Macungie will be offered to our clients under a Delaware Statutory Trust (DST) ownership structure as a simplified 1031 exchange solution,” stated Jeff Pori, CEO of Kingsbarn. “With its prime location on Macungie’s main thoroughfare and its range of medical services, this newly constructed facility offers an attractive investment opportunity for those seeking the stability and growth of healthcare real estate.”
Lehigh Valley Health Network, which includes the Health Center at Macungie, operates 14 hospital campuses and 28 other health centers in Pennsylvania, along with numerous primary and specialty care physician practices. As of July, the group has a Moody’s credit rating of A2. LVHN announced plans to merge with Jefferson Health in December 2023. The merger of LVHN and Philadelphia-based Jefferson Health would create a massive 30-hospital network, with nearly $13 billion in revenue and over 2,000 hospital beds. Post-merger, the new entity formed by Jefferson Health and LVHN will become the second-largest hospital network in Pennsylvania.
