The Sanders Trust Adds Iowa Hospital to 29-State Portfolio

The Sanders Trust, one of the nation’s leading healthcare real estate investment companies based in Birmingham, recently announced the completion of construction on the Mercy Iowa City Rehabilitation Hospital, located in Coralville, outside of Iowa City, Iowa.

The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals and specialty hospitals nationwide and has acquired medical properties in 29 states.

The 54,000-square-foot Iowa hospital is dedicated to the treatment and recovery of individuals who have experienced a loss of function due to an injury or illness. The facility features 40 private patient rooms, along with large interdisciplinary gyms, a transitional living apartment and therapeutic courtyards. The Rehabilitation Hospital also features a secured traumatic brain injury unit with its own private dining area and therapy gym.

The hospital is a joint venture between Mercy Iowa City, an affiliate of MercyOne, and Kindred Healthcare Operating LLC. They selected The Sanders Trust as their development partner for the project. The Sanders Trust owns the real estate and the Rehabilitation Hospital will be operated by the Mercy/Kindred joint venture.

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Earl Swensson Associates, a nationally recognized architecture firm based in Nashville, designed the building. JE Dunn, also from Nashville, served as general contractor on the project.

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