Capital Square 1031 affiliate acquires healthcare portfolio with assets in Austin and San Antonio
An affiliate of Houston-based Simpkins Group has sold two recently completed healthcare facilities totaling 35,000 square feet in the Central Texas cities of Austin and San Antonio, Texas.
The buyer is an affiliate of Capital Square 1031.
The portfolio comprises two post-acute neuro-rehabilitation facilities operated by Mentis Neuro Health, a market leader in acute care for acquired brain injuries. Services provided include inpatient and outpatient programs that provide intensive, specialized therapy in the areas of physical therapy, occupational therapy, speech/language pathology and counseling services, among others. The Austin-area property, located at 5150 A.W. Grimes Blvd. in Round Rock, consists of 16 beds with the capacity to expand to 24 beds within a 15,139-square-foot building. The San Antonio property, located at 18931 Hardy Oak Blvd., consists of 24 beds within an approximately 20,000-square-foot building.
