Post Acute & Senior Living: Carter Validus buys rehab hospital

REIT invests $22 million in 40-bed, 50,000 square foot facility in San Antonio

By Murray W. Wolf

Tampa, Fla. – based Carter Validus Mission Critical REIT Inc., an unlisted real estate investment trust (REIT), recently acquired Warm Springs Rehabilitation Hospital of Westover Hills in San Antonio.

Carter Validus, which acquires data center and healthcare properties, now has a portfolio topping $800 million, based on purchase prices.

According to information received from sources, the REIT paid $22 million for the 40-bed, 50,000 square foot facility. Warm Springs provides inpatient and outpatient rehabilitation services that include physical therapy, occupational therapy, speech therapy and behavioral medicine.

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