HPA Exchange - Medical AZ DST
Medical office in Laveen Village, AZ — sponsored by HPA Exchange
Minimum investment
$50k
Offering size
$15.4M
How much has sold
None sold yet
Asset type
Medical office
Location
Laveen Village, AZ
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
HPA Exchange - Medical AZ DST combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
- Reported location
- Laveen Village, AZ
- Property size
- 38,900 rentable sq ft; 16 inpatient beds and 10 emergency room bays
How did it end?
No sale or other ending on record
No evidence of sale or full cycle; HPA Exchange acquired the Dignity Health micro-hospital at 7171 S 51st Drive, Laveen Village, Phoenix, AZ for $30.3M in July 2024, the DST was filed Oct 16, 2024 and fully subscribed at $15.4M equity on Feb 25, 2025, and the hospital continues to operate 24/7 under Dignity Health (Becker's Hospital Review, Jul 30, 2024; PR Newswire, Feb 25, 2025).
Dignity Health Micro-Hospital (HPA Exchange - Medical AZ DST) · HPA Exchange LLC acquired this 38,900-sq-ft micro-hospital in Laveen Village (Phoenix) for approximately $30.3 million in July 2024. It is 100% leased on an absolute triple-net basis to Dignity Health (a CommonSpirit Health subsidiary). The Delaware statutory trust offering (marketing name: HPA Dignity Health Arizona DST) launched Sept 23, 2024 seeking $15.4 million in equity and was fully subscribed by Feb 24, 2025. The property operates as a Dignity Health Arizona General Hospital micro-hospital concept, opened 2021.
38,900 rentable sq ft; 16 inpatient beds and 10 emergency room baysSupporting evidence
Who's behind it?
- Sponsor
- HPA Exchange
- Legal Trust name
- HPA Exchange - Medical AZ DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 2 total offerings from HPA Exchange
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to HPA Exchange - Medical AZ DST?
Top1031 lists HPA Exchange - Medical AZ DST as historical. It is no longer raising money.
Where does Top1031 get the data for HPA Exchange - Medical AZ DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Chapter 7HPA Exchange Fully Subscribes $15.4M DST Offering, a Phoenix Micro-HospitalAltsWire reports the HPA Dignity Health Arizona DST has been fully subscribed, closing out the raise. HPA Exchange Launches $15.4 Million DST Offering of a Modern Micro-Hospital Leased to an Investment-Grade TenantLaunches the HPA Dignity Health Arizona DST offering, a $15.4M equity raise for the 38,900-sq-ft Laveen micro-hospital. HPA Exchange Acquires Dignity Health Micro-Hospital in PhoenixHPA Exchange LLC announces its $30.3M acquisition of a 38,900-sq-ft Dignity Health micro-hospital at 7171 S 51st Drive, Laveen Village, Phoenix, with a DST offering to follow.