University of Indianapolis Health Pavilion
A wholly-owned affiliate of Municipal Acquisitions purchased the University of Indianapolis Health Pavilion in a $39 million transaction. The University of Indianapolis Health Pavilion is a four story, 152,072 square foot facility that houses the healthcare and wellness-related academic program of the University, along with clinical facilities which serve the community. Municipal Acquisitions restructured the lease with UIndy, offering substantial economic benefits. The acquisition was financed through the issuance of tax exempt and taxable bonds subject to an agency agreement between the Arizona Industrial Development Authority and the Municipal Acquisitions affiliate involved in the transaction.