Fort Worth LifeCare Hospital part of $40M duo saleFort Worth LifeCare Hospital part of $40M duo salehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=43572014-04-24T15:25:00Z2014-04-24T00:00:00Z

FORT WORTH - The LifeCare Hospitals of Fort Worth at 6201 Overton Ridge Blvd. has been sold.

Physicians Realty Trust has acquired the 52,709-sf Fort Worth facility, as well as another LifeCare hospital in Pittsburgh, Pennsylvania. The properties were sold together for $40 million, or about $116 per sf.

The Fort Worth hospital is in the Cityview area near the Southwest Medical District of Fort Worth. The 80-bed facility employs more than 160 physicians.

LifeCare Holdings Inc. sold the assets, then signed a sale-leaseback deal with the new owners at both properties, combining it with a third leased property in Plano under a new master lease through January 2028.

Read more at CoStar Group.

CoStar Group
Dallas-Fort Worth-Arlington
http://www.costar.com/news/article/physicians-realty-trust-pays-$40m-for-lifecare-hospitals-in-pittsburgh-fort-worth/159859Read more at {Source}

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