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JLL Brokers Sale of 100-Bed Methodist Transitional Care Center in DeSoto, Texas

DESOTO, Texas — JLL Capital Markets has arranged the sale of Methodist Transitional Care Center, a 100-bed, 66-unit transitional care facility in the Dallas suburb of DeSoto.

JLL represented the seller, Madison Marquette, in the sale to LFI Real Estate. The absolute net lease has just over 13 years of primary term remaining at sale, and there are also two five-year renewal options.

Although the price was not disclosed, the capitalization rate based on first-year rent is 6.8 percent.

Methodist Transitional Care Center is leased to a joint venture between Methodist Health Systems and HMG Healthcare. The facility is located to serve discharges from the four Methodist Health Systems hospitals within 15 miles of the property. Developed by Madison Marquette in 2020, the facility is licensed as a skilled nursing facility and is Medicare certified.

The JLL Capital Markets team representing the seller was led by Charles Bissell and Evan Kovac.

The post JLL Brokers Sale of 100-Bed Methodist Transitional Care Center in DeSoto, Texas appeared first on Seniors Housing Business.

Source: Senior Housing Business

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