36-bed inpatient rehabilitation hospital sells in Westminster, Colorado

DENVER, June 6, 2024 –  JLL Capital Markets announced today that it arranged the sale of PAM Health Rehabilitation Hospital of Westminster (“PAM Health Westminster”) totaling 37,130 square feet in Westminster, Colorado.

JLL represented the seller and procured the buyer, Vitalis Properties.

PAM Health Rehabilitation Hospital of Westminster is a 36-bed inpatient rehabilitation hospital, operated by PAM Health (“PAM”). The freestanding hospital features 36 private rooms across two floors, is equipped with the latest rehabilitation equipment and staffed by a caring team of medical experts who provide comprehensive inpatient care.

The property Is located at 6500 W 104^th Ave., 13 miles northwest of downtown Denver and 15 miles southeast of Boulder. Located right off U.S. Highway 36 in northwest Denver, the facility is easily accessed by employees, visitors and referrals from six hospitals within a 10-mile radius of the property.

The JLL Capital Markets team was led by Director CJ Kodani.

“Investors value the strong facility-level performance with stable income, superior cash flow and inflation protection from leases of inpatient rehabilitation hospitals,” said Kodani. “Knowledgeable investors are well-supported by the lending community for IRFs.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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