Serenity at Summit New England Behavioral Hospital

JLL is pleased to offer for sale the fee simple interest in Serenity at Summit New England (the “Hospital” or “Serenity New England”), a 61-bed behavioral health hospital with 44,175 square feet in Haverhill, Massachusetts, a northern suburb of Boston. Serenity New England opened in 2015 and focuses on inpatient and outpatient treatment of mental health and substance use dependency. The Property is operated by JV Serenity Mass, LLC (the “Tenant” or “Serenity at Summit”) under an absolute net lease with 11.5 years of remaining lease term. The Property is strategically located along the historic Merrimack River just 25 miles north of Boston and a consistently high census drove the 2020 expansion which increased the bed count from 41 beds to 61 beds. Serenity New England is part of Harmony Health Group (“HHG”), a behavioral healthcare system with 14 facilities across six states on the East Coast of the United States. Serenity New England operates under a Massachusetts Determination of Need and is licensed by Massachusetts’ Bureau of Substance Abuse Services (“BSAS”) within the Department of Public Health (“DPH”) creating a mission critical location for HHG with high barriers-to-entry for new entrants into the market.

This offering is a rare opportunity for an investor to acquire a stabilized, recently expanded behavioral hospital in a demographically desirable suburb of Boston with minimal landlord obligations.