The 125,240 square foot Texas Center for Athletes in San Antonio, located adjacent to the training facility for the Spurs professional basketball team, was recently acquired by Senior Housing Property Trust for about $32.7 million. Photo courtesy of Transwestern
Competitive bidding fetches $32.7M for San Antonio sports medicine complex
By John B. Mugford
With portfolios of medical office buildings (MOBs) seemingly in short supply, it was not surprising that significant interest was shown by a number of investors interested in a large medical facility in San Antonio’s 900-acre South Texas Medical Center complex.
When the competitive bidding process concluded, Newton, Mass.-based Senior Housing Property Trust (NYSE: SNH) had acquired the Texas Center for Athletes for about $32.7 million, including the assumption of $15.6 million of mortgage debt.
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