The former Post Acute Specialty Hospital of Milwaukee building in Greenfield was sold for $2 million, according to state records.
An affiliate of Birmingham, Alabama-based real estate investment trust Medical Properties Trust, Inc. purchased the 155,945-square-foot building from Toledo, Ohio-based health care real estate investment firm Welltower Inc.
The property is assessed at $11.1 million, according to city of Greenfield records.
Post Acute Specialty Hospital closed its 62-bed hospital at 5017 S. 110th St. in April. The Milwaukee hospital was part of Pennsylvania-based long-term acute care hospital network Post Acute Medical, LLC.
The hospital provided specialized medical care to acutely ill patients requiring extended recovery time after an acute care hospital stay.
