Home to six medical services tenants, the class A outpatient facility is 100% leased and features 9 years of weighted average lease term remaining. The purchase is Stockdale Capital Partners’ fifth acquisition of its recently-formed, U.S.-focused, open-ended Healthcare Real Estate Investment Fund.
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.
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