News Release: Just Closed: 50-Bed Rehabilitation Hospital in Austin, Texas

Just closed: Central Texas Rehabilitation Hospital

Central Texas Rehabilitation Hospital, Austin, Texas (Photo courtesy of JLL)

The JLL Healthcare Capital Markets Group is pleased to announce the sale of Central Texas Rehabilitation Hospital, a freestanding 50-bed inpatient rehabilitation hospital totaling 59,258 rentable square feet in Austin, Texas.  The purpose-built hospital is strategically situated less than one mile northeast of the 447-bed Seton Medical Center Austin Hospital, the largest medical/surgical acute care hospital in Austin, Texas.  The facility is operated by a joint venture between Seton Healthcare Family and Kindred Healthcare, Inc., one of the leading U.S. operators of post-acute services.

Steve Leathers of the JLL Healthcare Capital Markets Group served as the seller’s exclusive advisor.  The seller, Norvin Healthcare Properties is a private equity firm focused on real estate investment in the healthcare sector.  Norvin owns a diverse portfolio of healthcare properties, including acute and post-acute care hospitals, clinical and diagnostic facilities, medical office buildings and healthcare administrative buildings.  Norvin invests nationwide across the risk spectrum with the majority of its portfolio located in the Southwest and along the Eastern seaboard.

JLL Healthcare Capital Markets

JLL Healthcare Capital Markets is the only national full service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients. JLL has an extensive national and international presence that delivers local market knowledge and exceptional access to capital.

Steve Leathers
Executive Vice President
T +1 212 812 5867
M +1 949 922 4195

Brian Bacharach
Executive Vice President
T +1 214 438 6462
M +1 214 476 3511

Mindy Berman
Managing Director
T +1 617 316 6539
M +1 617 899 0657

Daniel Turley
Executive Vice President
T +1 214 438 6374
M +1 212 729 9327

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