Rethink Healthcare Expands Portfolio of Emergency Hospitals in Dallas-Fort Worth
The 36,101 square foot acquisition is Rethink/Heitman venture’s seventh investment
Rethink Healthcare Real Estate has acquired its seventh real estate leased to an emergency hospital in the Dallas-Fort Worth metroplex.
The Mansfield based property is leased by a joint venture of a healthcare system and Emerus and is operated by Emerus. The emergency hospital has been open for about seven years and has provided critical care to tens of thousands of patients.
To acquire the property, Rethink ventured with Heitman LLC, a global real estate investment management firm with over $53 billion in assets under management, and arranged debt from CIT, a division of First Citizens Bank.
The project is located at 1776 US 287, Mansfield, Texas, south of highway 157 and along the east side of the US 287 Frontage Road.
BlackBirch Capital acted as the exclusive financial advisor to the seller in this transaction.