Colliers International Completes the Sale of Kindred Hospital Rancho a 98,176 Square-Foot Hospital And Medical Office Building in Rancho Cucamonga, Calif.

Rancho Cucamonga, CA – March 14, 2012 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed the sale of a 98,176 square-foot hospital and medical office building located at 10841 White Oak Avenue, Rancho Cucamonga, Calif. for an undisclosed price.

John Wadsworth, Vice President and Director of Healthcare Properties, based in Colliers International’s Irvine office, Tom Lagos, Senior Vice President, and El Warner, Associate Vice President both based in Colliers International’s Downtown Los Angeles Office, represented the Seller, Pacific Health Realty, LLC. The Buyer represented itself.

Built in 1996, Kindred Hospital Rancho is comprised of a single-story Long-Term Acute care (“LTAC”) hospital building consisting of 55 beds with an attached 3-story medical office building. Both the hospital and medical office building are currently occupied and operated by Kindred Healthcare.

Kindred Healthcare is a major healthcare service provider operating hospitals, nursing rehabilitation centers and sub-acute care facilities throughout the United States.

“Kindred Rancho is a unique asset due to the property consisting of a Long Term Acute Care (“LTAC”) hospital and attached medical office building.” said Wadsworth. “The unique physical nature of the property combined with a master lease to an industry leader like Kindred Healthcare appealed to a wide range of potential investors,” added Wadsworth.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.

Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita and Commerce. Follow us at www.twitter.com/colliersgla

Jennifer Hsieh
Regional Marketing Manager | Greater Los Angeles
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