Saturday, February 12, 2011


COLUMBIA, 2/12/11  (Beat Byte) --  A controversial hospital in Columbia's Country Club Estates neighborhood that pitted neighbor against neighbor as it slogged through the approval process, later becoming a lynchpin issue in the 3rd Ward City Council race between Gary Kespohl and Karl Skala, has been acquired by a large real estate investment trust (REIT). 
Grubb & Ellis Healthcare REIT II, Inc. announced that it acquired the Landmark Acute Care Hospital, a single-story, 31,000-square-foot medical facility located at 604 North Old Highway 63.  

Landmark Holdings of Missouri, LLC currently leases the facility, which was constructed in 2009.  The acquisition marks the fourth and final piece of the Grubb & Ellis Healthcare REIT II $42 million, four-property portfolio of regional long-term acute care hospitals in Cape Girardeau, Joplin, and Athens, Ga. 
REIT documents repeatedly reference the acute care facility's close proximity to the Boone Hospital Center and University of Missouri Women's and Children's Hospital, points of contention in the original decision to locate the facility at the edge of a residential neighborhood. 

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