News Release: Seavest acquires six emergency hospitals in Dallas-Forth Worth metroplex

This acquisition, totaling 190,000 square feet, is the firm’s latest addition to its medical real estate investment portfolio.

DALLAS-FORT WORTH, TX., and WHITE PLAINS, N.Y., September 14, 2022 – Seavest Healthcare Properties, LLC, the White Plains and New York City based real estate investment management firm has announced their recent acquisition of six Baylor Scott & White Health emergency hospitals. The purchase closed on August 30, 2022. Seavest is under contract to acquire a seventh hospital shortly.

The emergency hospitals are leased by a joint venture of Baylor Scott & White Health and Emerus.As the largest not-for-profit​ healthcare system in Texas and one of the largest in the United States, Baylor has 52 hospitals and over 800 patient care sites. Emerus is the nation’s leading operator of micro-hospitals and a nationally recognized, innovative leader in the delivery of emergency, inpatient and diagnostic medical healthcare. The emergency hospitals acquired have been open for about seven years and have provided critical care to tens of thousands of patients close to where they live and work.

“This is another exciting acquisition for Seavest, continuing our strategy of investing in strategic ambulatory facilities aligned with significant healthcare providers. These emergency hospitals provide critical access points for healthcare needs, including overnight stays. Many of the facilities are complemented by additional clinical space where Baylor aligned physicians provide non-emergency services such as primary care,” said Jonathan Winer, Senior Managing Director & Chief Investment Officer of Seavest.

Emergency hospitals typically feature a 24/7 emergency department and have eight to twelve patient beds for when an overnight stay is warranted. The asset type has been achieving growing importance to healthcare systems as a cost effective, patient friendly means of providing a care point for emergency medical needs.

To acquire the properties, Seavest joint ventured with Heitman LLC (Heitman), a global real estate investment management firm with over $53 billion in assets under management and arranged debt financing from the healthcare arm of CIT, a division of First Citizens Bank. Mr. Winer commented that “Seavest and Heitman, also a very knowledgeable and respected healthcare real estate investor, will provide steady ownership of these mission critical facilities for Baylor and Emerus.”

Seavest acquired the emergency hospitals at the following addresses: 12500 South Freeway, Burleson, TX; 5500 Colleyville Blvd, Colleyville, TX; 620 S Main St, Keller, TX; 511 FM544, Murphy, TX; 1975 Alpha Dr, Rockwall, TX; 4095 Kingswood Blvd, Grand Prairie, TX.

BlackBirch Capital acted as the exclusive financial advisor to the Seller in this transaction.

For non-media related inquiries, please contact David Braunstein at or at (914) 269-0911

About Seavest Healthcare Properties LLC and Seavest Investment Group LLC
Seavest Investment Group, LLC is a real estate and social impact venture capital investment management firm. Seavest Healthcare Properties, an affiliate, focuses on investments in the medical office and outpatient facility sector. The firm acquires existing properties, joint ventures with established developers to build new properties, and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. Seavest made its first healthcare real estate investment in 1989 and today has a significant portfolio of institutional quality, strategic medical office buildings and outpatient facilities located throughout the United States. For more information, please visit

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