Healing Realty Trust (HRT), a data-driven, self-managed real estate investment company specializing in the ownership of income-generating properties primarily linked to the healthcare industry, has acquired a multi-tenant medical office building in El Paso, Texas, for $7.15 million.
The approximately 50,000-square-foot building is situated within the Pill Hill Medical District on 2.23 acres and leased to a range of medical tenants, including WellMed, Quest Diagnostics, Optum and Universal Health Services.
HRT is focused on purchasing healthcare properties serving the mental, behavioral and physical health sectors and seeks to address the lack of clinical infrastructure to support the administration of these treatments.
The company acquired an outpatient care center in Beaumont, Texas, in September.
