Just Sold: GI Alliance MOB & Lonestar Endoscopy ASC in Southlake, TX

HREA | Healthcare Real Estate Advisors is pleased to announce the sale of a GI-focused, two-building, outpatient portfolio in Southlake, Texas. The portfolio included a 16,745 square-foot MOB and an adjacent, 11,048 square-foot ASC, both fully leased to an integrated mix of national healthcare operators.

The MOB is fully leased to GI Alliance, the largest independent gastroenterology provider in the U.S., which recently merged with Cardinal Health (NYSE: CAH). The ASC is leased to a joint venture between a partnership comprised of Baylor Scott & White Health, USPI, and a group of affiliated physicians.

Strategically located in Southlake, TX, one of the most desirable suburbs within the Dallas–Fort Worth Metroplex, the portfolio benefits from strong demographics, high visibility, and proximity to major healthcare hubs. HREA facilitated a highly competitive sale process, generating multiple offers and securing favorable pricing for the seller.

HREA | HEALTHCARE REAL ESTATE ADVISORS is a national leader in advising physicians, health systems, and real estate owners with a variety of real estate monetization strategies, including sale-leasebacks, debt & equity recapitalization, and tax-deferred options, such as the Hybrid Sale-Leaseback®, which allows continued physician-ownership in the real estate, §1031 like-kind exchange, and reinvestment into a REIT, known as an UPREIT, which provides tax-efficient cashflow and a diversified investment in a healthcare REIT.