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News Release: Rethink Healthcare Real Estate expands portfolio of emergency hospitals in Dallas-Fort Worth metroplex

The 36,101 square foot acquisition is Rethink/Heitman venture’s seventh investment.

DALLAS-FORT WORTH, TX., and WHITE PLAINS, NY., February 1, 2023 – Rethink Healthcare Real Estate (“Rethink”), the White Plains and New York City based investment management firm (fka Seavest Healthcare Properties), has announced its recent acquisition of the real estate leased to an emergency hospital. This is the seventh property Rethink acquired in the Dallas-Fort Worth metroplex. The acquisition of the Mansfield-based property closed on January 30, 2023. The emergency hospital is leased by a joint venture of a prominent healthcare system and Emerus and is operated by Emerus. 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 hospital has been open for about seven years and has provided critical care to tens of thousands of patients close to where they live and work.“Our investment in Mansfield is another great addition to Rethink Healthcare Real Estate’s growing portfolio in the Dallas-Fort Worth metroplex,” said Jonathan Winer, President & Chief Investment Officer of Rethink Healthcare Real Estate. “This investment continues our strategy of investing in strategic ambulatory facilities aligned with leading healthcare providers. The emergency hospital provides a critical access point for the community’s healthcare needs.”Emergency hospitals typically feature a 24/7 emergency department and 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 property, Rethink ventured with Heitman LLC, a global real estate investment management firm with over $53 billion in assets under management, and arranged debt from CIT, a division of First Citizens Bank. The project is located at 1776 US 287, Mansfield, Texas, south of highway 157 and along the east side of the US 287 Frontage Road. BlackBirch Capital acted as the exclusive financial advisor to the Seller in this transaction.
Media Contact: Anna Marx, Rethink Capital Partners, media@rethink-capital.com or 914.597.7696.
For non-media related inquiries, please contact David Braunstein at dbraunstein@rethink-capital.comor 914.269.0911.
About Rethink Healthcare Real Estate and Rethink Capital PartnersRethink Capital Partners, LLC is a real estate and social impact venture capital investment management firm. Rethink Healthcare Real Estate, 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. Rethink 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 rethink-capital.com.

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