The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of St. David’s Emergency Center – Bastrop.
The CBRE Healthcare Capital Markets Group is pleased to announce the sale of St. David’s Emergency Center – Bastrop, a full-service freestanding emergency department consisting of 28,500 SF in Bastrop, TX to Austin-based real estate private equity firm Long View Equity Partners. Scott Herbold, Chris Bodnar and Lee Asher represented the seller.
The building is 100% leased to St. David’s HealthCare System, a subsidiary of HCA. St. David’s is the primary destination for emergency services in Bastrop County, and has experienced higher than projected patient counts, revenue and inpatient referrals, along with a higher acuity index than other free-standing emergency departments since its opening in 2012.
“We are pleased to add this quality asset to our portfolio”, commented Long View Equity Partners’ President Dustin Johnson. “The credit tenancy along with the asset’s location in an under-served healthcare market makes this a solid investment for our income fund.”
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