The senior housing market overall posted a year of operational and financial strides while contending with ongoing challenges. On the positive side, occupancy has grown steadily throughout 2024, which indicates a modest but consistent recovery.
Memorial Hermann Sports Park, located in Katy, Texas, a western suburb of Houston and Texas Health Resources Sports Park, located in Allen, Texas, a suburb of Dallas were just sold to LaSalle Investment Management. The properties attracted significant investor interest, as they represent a unique way for health systems to treat patients from initial injury through full recovery, all while keeping them on their respective campus.
The new hospital complex aims to meet the needs of a booming North Texas population.
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