Alabama trust buys hospital real estate

A little East Side infirmary have been bought for about $7 million by a Birmingham, Ala.-based existent estate investing trust, Checkup Properties Trust Inc.

Cornerstone Hospital of Southeast Arizona, 7220 E. Rosewood St., is a 34-bed infirmary that specialises in helping patients with complex statuses who necessitate long-term hospital stays. The purchase impacts only the existent estate, not the infirmary operations.

The former proprietor was HCP Inc., A Long Beach, Calif.-based existent estate investing trust.