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Offers Requested : Absolute Net Leased Healthcare Facility Adjacent to Seton Medical Center

Offers Requested By Monday, April 23rd, 2018 – 5:00 PM CST

The Offering

CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the opportunity to acquire the Warm Springs Rehabilitation Hospital of Kyle (the “Property”). The Property is a two-story rehabilitation hospital that totals 54,500-rentable square feet and is 100% leased by a joint venture between Post Acute Medical (51%), Seton Healthcare (25%) and Medcore Partners (24%). Post Acute Medical guarantees the entire lease. The joint venture leases the Property on a long-term lease with 2.00% annual escalations and a remaining lease term of 13 years, providing an investor with strong cash flow for the foreseeable future.

The Property is located across the street from the Seton Medical Center Hays campus, the only acute care hospital provider in Kyle, and is strategically positioned as the hospital’s primary rehabilitation program location. Seton Medical Center is part of Ascension Health (Moody’s ‘Aa2’), the largest non-profit health system in the U.S. and the world’s largest Catholic health system.

The Property is the only freestanding, licensed rehabilitation hospital of its kind in Kyle, Texas. The post-acute care hospital hosts 40 private rooms, a pharmacy, a lab and imaging services on-site, plus an indoor heated salt water pool with the latest in rehabilitation technology. Built in a retreat setting with an abundance of natural light and open space, Warm Springs Rehabilitation Hospital of Kyle has a beautiful environment to foster optimal healing. The medical staff is led by board certified physical medicine and rehabilitation physician Dr. Christopher Garrison with Seton Brain and Spine Physicians, plus over 50 specialized consulting physicians.

Investment Highlights

  • 100% Leased With 13 Years of Remaining Lease Term
  • Absolute Net Lease
  • Integrated with Adjacent Hospital Campus
  • Strong Operator with Lease Guarantee
  • Attractive Location in High Traffic Retail Corridor
  • Appealing Aging Trends Drive Demand for Healthcare
  • Brand New Asset within Preferred Asset Class
  • The Future of Healthcare: Post-Acute Care
  • Delivered Free and Clear of Existing Debt

Contact Information:

CBRE U.S. Healthcare Capital Markets Group

Chris Bodnar
Vice Chairman
+1 303 628 1711
chris.bodnar@cbre.com

 

Lee Asher
Vice Chairman
+1 404 504 5965
lee.asher@cbre.com

 

 

Ryan Lindsley
Senior Director
+1 303 628 1745
ryan.lindsley@cbre.com

 

Texas Healthcare Investment Properties

Scott Herbold
First Vice President
+1 210 507 1120
scott.herbold@cbre.com

 

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