JLL is pleased to offer for sale the fee simple interest in three inpatient rehabilitation hospitals with a total of 185 licensed beds operated by HealthSouth, Inc. (“HealthSouth”) under long-term net leases. Each Property is leased on an absolute, triple net lease basis with a weighted average remaining term of 17 years, with rental escalations over the term. HealthSouth is a New York Stock Exchange traded company (HLS) that operates the largest rehabilitation hospital platform with 121 facilities nationwide. This offering is a rare opportunity to acquire three state-of-the-art, new construction rehabilitation hospitals with the dominant provider in three demographically desirable major markets in Texas.
Investment Highlights
- Desirable 17 years average remaining term on absolute triple net leases
- HealthSouth is the unparalleled U.S. leader in inpatient rehabilitation with 121 facilities
- New construction completed in 2008, featuring a modern physical plant and private rooms
- Located in three affluent suburban areas of large Texas cities – Houston, Austin and Dallas
- Fee simple, offered free and clear of debt
Access the Confidentiality Agreement
Contact Information
Steve Leathers
Senior Vice President
+1 212 812 5867
steve.leathers@am.jll.com
Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com
Daniel Turley
Senior Vice President
+1 617 316 6521
daniel.turley@am.jll.com
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