Summit Health

• Hospital Proximity — The property benefits from an exceptional location within one of Bend’s most established medical corridors, immediately adjacent to the main campus of St. Charles Health System. St. Charles Bend is a major 292-bed regional hospital and the only Level II trauma center east of the Cascades. The surrounding concentration of hospitals, physician practices, imaging facilities, and specialty providers makes this a highly desirable location for healthcare operators.
• AMSURG-Affiliated Ambulatory Surgery Center — The property is 24% occupied by an AMSURG-affiliated surgery center used by the Summit Health urologists and staffed by St. Charles Anesthesia Group. Surgery centers are among the stickiest tenants in the healthcare real estate sector due to their specialized buildouts, significant capital investment, and high relocation costs.
• NNN Lease Structure — The property benefits from a triple-net lease structure with the tenant responsible for reimbursing real estate taxes, insurance, and operating expenses, providing investors with predictable cash flow and limited landlord expense exposure.
• Leading National Health System Operator — Summit Health is the largest multispecialty medical group in Central Oregon, with more than 200 providers across nine locations and approximately 45 specialties and services. Summit Health is part of VillageMD, a national healthcare platform that also includes CityMD and Village Medical. VillageMD completed its acquisition of Summit Health-CityMD in 2023 in a transaction valued at approximately $8.9 billion, adding significant scale to the combined platform.
• Affluent, High-Growth Market — Bend is one of Oregon’s most affluent and fastest-growing major markets, with average household incomes exceeding $126,000 within a 5-mile radius and population growth of more than 8% since 2020, supporting strong demand for healthcare services and long-term real estate fundamentals.
• Recession-Resistant Asset Class — The non-discretionary nature of medical care, and its resilience during economic uncertainty has made healthcare real estate a strategic focus for both institutional and private investors nationwide.
• Nearly $300,000 in Recent Capital Investment — Ownership has completed substantial recent improvements throughout the property including major HVAC upgrades, parking lot resurfacing, sidewalk replacement, elevator compliance work, and roof repairs, helping minimize near-term capital requirements for a new owner.
• Inflation-Protected Cash Flow — The lease features 2% annual rent increases, offering investors built-in income growth and a great hedge against inflation.