REBusinessOnline

Global Medical REIT Acquires 59,000 SF Hospital in Austin for $40.6M

Central Texas Rehabilitation Hospital in Austin measures 59,000 square feet and offers 50 beds.

AUSTIN, TEXAS — Maryland-based Global Medical REIT Inc. has acquired Central Texas Rehabilitation Hospital, a 59,000-square-foot healthcare property located at 700 W. 45th St. in Austin, for roughly $40.6 million. The inpatient hospital features 50 beds and is leased to a joint venture between subsidies of healthcare providers Kindred Healthcare and Seton Healthcare.

 

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