Brea-based Healthcare Property Advisors has launched HPA Exchange LLC, a real estate investment sponsor that will provide accredited investors with private placement opportunities anchored by medical properties. The platform will initially focus on Section 1031 exchange offerings.

HPA Exchange will target healthcare real estate within secondary growth markets that exhibit strong operating fundamentals, stable health system environments and a growing aging population. Its management team averages 25 years’ experience in healthcare real estate, including co-presidents Thùy Turner and Robert Lee.

“The healthcare industry has historically been recession resilient with predictable occupancy rates, paving the way for the potential of long-term reliable cash flows and strategic value-add opportunities,” said Turner. “Non-high-acuity healthcare is also transitioning from large acute care environments like hospitals to well-located and well-designed strategic ambulatory care, typically closer to neighborhoods.”