RICHARDSON, TX-Medical Properties Trust Inc. has acquired three in-patient rehabilitation hospitals in Texas for a total of $74 million. The facilities, which are located in the Houston, Dallas and Austin metropolitan areas, were acquired from Dallas-based America Development & Investments Ltd.
The three properties are operated by and leased to affiliates of Dallas-based Reliant Healthcare Partners, a division of Timber Creek Capital LP, a Dallas-based company that also has interests in America Development & Investments.
Completed in 2008, Reliant Rehabilitation Hospital - North Houston is located in Shenandoah, TX. It offers 50 private rooms with flat-screen televisions, private baths with oversized showers, personal desk and wood floors.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
