Bridgeview: BV Ernest Health Neuro Rehab DST
Investment Overview
The Sacramento Rehabilitation Hospital provides specialized services to patients recovering from disabilities caused by accidents, illnesses, or chronic medical conditions. The property features a new 20-year absolute NNN lease with annual rent escalations.
Offering Strengths
Sacramento Rehab Hospital excels in neuro care (strokes, brain injuries) – ~95% occupancy via UC Davis/Kaiser referrals. Top 10% nationwide; Case Mix Index 1.81 (20% > avg) for robust Medicare payouts. Demand cycle-proof. Tenant: Ernest Health runs 35 hospitals across 13 states.
Offering Weaknesses
Bridgeview is a smaller sponsor with $300,000,000 in assets under management (AUM). However, it’s important to note that Bridgeview is very experienced and reputable, with 1,200+ investors, 2.91x avg exit multiples; uninterrupted distributions via consistent reporting.
Key Facts
Sponsor: Bridgeview Real Estate
Structure: Delaware Statutory Trust (DST)
Location(s): California
Property Type(s): NNN Medical
Assumable Loan: None; All-Cash
Estimated Hold Period: 5 Years
Key Features
1031 Exchange: Yes
721 Exchange/UPREIT: No
Cash-Out Refinance: No
Income Guarantee: No
Distribution Forecast
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Investor Cash Flow | 5.70% | 5.76% | 5.74% | 5.83% | 5.92% | 6.01% | 6.10% | SOLD | SOLD | SOLD |
Sponsor Overview
Bridgeview Real Estate was founded in 2011 and is a private, veteran owned real estate development and investment company. BV Capital is a member of the Bridgeview family of companies based in Dallas, TX. BV Capital is Bridgeview's private equity company offering financial advisors and accredited investors direct access to investments historically only available to institutions.
For generations direct real estate investing has provided immense wealth, but only for the select few. Hedge funds and professional investors have taken advantage of these opportunities for years, but now any Accredited Investor can participate in this once out of reach opportunity.