TEXAS — National Health Investors (NHI) has exercised an option to purchase and lease a new 125-bed skilled nursing facility in Texas for $13.4 million. The property is operated by affiliates of Legend Healthcare LLC. The acquisition will be funded from available cash and NHI's revolving credit facility.
NASHVILLE, TENN. — Southeast Ventures has completed the second phase of HealthSpring's 175,000-square-foot MetroCenter campus, located at 500 and 530 Great Circle Rd. in Nashville. The two office buildings will serve as HealthSpring's primary location for more than 1,050 of the company's 3,600 employees. Southeast Ventures developed and owns the building. Highlights of the buildings include wrap-around windows to provide ample natural lights, a landscaped outdoor courtyard with sunken seating, multiple dining areas and training and conference rooms.
DALLAS — Mark One Capital, a subsidiary of Marcus & Millichap Capital Corp., has arranged $16.5 million in acquisition financing for an 81,585-square-foot medical office building, located in Dallas. Farhan Kabani of Mark One Capital's Dallas office arranged the loan with 3 years of interest only fixed at 3.42 percent.
HUMBLE — Lexington Realty Trust, in a joint venture with an 85 percent equity partner, has acquired a 55,650-square-foot inpatient rehabilitation hospital, located in Humble, for $27.8 million. The property is leased to SRP Triumph NE Houston LP for a remaining 17 years. The obligations of the tenant under the lease are unconditionally guaranteed by RehabCare Group and Kindred Healthcare. The acquisition was partially funded by a $15.3 million non-recourse mortgage.
BRYAN — A joint venture between Orlando, Fla.-based Sentio Healthcare Properties and Dallas-based Caddis Partners has acquired the 114,583-square-foot Physicians Centre Medical Office Building, located at 3201 University Drive E. in Bryan, for $11.5 million. The property has a tenant roster of 32 primary care practices and is connected to The Physicians Centre Hospital.
DALLAS — A 92,000-square-foot medical office building, located at 10740 N. Central Expy. in Dallas, has been purchased for $25.5 million. Toby Scrivner, Jeff Matulis and Karen Vinsko of Stan Johnson Co. represented the seller, Texas Institute for Eyes, in the transaction and procured the buyer, California-based IRA Realty Capital.
BALTIMORE — Johns Hopkins Health System has selected EwingCole to design a new 18,000-square-foot radiation oncology addition and renovation to the Bayview Medical Office Building, located in Baltimore. The building will be named the Sydney Kimmel Comprehensive Cancer Center, and will include exam/consulation rooms, clinical support space, linear accelerators and a radiation therapy simulator. The renovation will include vitals/phlebotomy, an infusion area and oncology pharmacy. The estimated construction cost is $10.5 million
CUMBERLAND, MD. — Love Funding has arranged $9.22 million in refinancing for the 146-bed Allegany Health Nursing and Rehabilitation Center, located at 730 Furnace St. in Cumberland. Laura Saull-Smith of Love Funding's Washington, D.C., office secured the 35-year loan through HUD's 232/223(f) loan program on behalf of the borrower, Allegany Healthcare Group.
DALLAS — HealthCap, a private equity firm specializing in healthcare, has merged with The Cirrus Group, a healthcare real estate development and investment firm. The merger will expand both firms' investment options to healthcare operators. The new merger will be based in Dallas.
PALM BEACH, FLA. — Palm Beach-based AW Property Co. and Dallas-based MedProperties Holdings have acquired a four-property medical office building portfolio in Florida from Healthcare Realty Trust for $33.4 million. The properties total 238,071 square feet and include Countryside Medical Arts in Safety Harbor, St. Andrews Medical Park in Venice, Bonita Bay Medical Centre in Bonita Springs and Southwest Plaza in Fort Myers. AW Property Co. will lease and manage the six buildings. GE Capital provided part of the acquisition financing. Healthcare Real Estate Capital acted as an intermediary for the buyers in the transaction.