Transitional Care Facility Southwest of Dallas Sells

July 20, 2022

DALLAS, TX—JLL Capital Markets announced today that it has closed the sale of Methodist Transitional Care Center, a 100-bed, 66-unit, transitional care facility in the Dallas suburb of DeSoto, Texas.

JLL represented the seller, Madison Marquette, in the sale to Location Finders International (LFI) Real Estate. The absolute net lease had just over 13 years of primary term remaining at sale, but there are also two five-year renewal options. The cap rate based on year 1 rent is 6.8%.

“We are excited about the acquisition of this first-class asset and increasing our holdings in the market,” said Michael Rose, principal partner and founder of LFI Real Estate.

Methodist Transitional Care Center is leased to a joint venture between Methodist Health Systems and HMG Healthcare. The facility serves patients coping with injuries and illnesses such as chronic obstructive pulmonary disease, stage 3 and 4 wounds, joint replacements with complications and multi-system failure, often in conjunction with other conditions like diabetes or high blood pressure. It is equipped with advanced technologies and specialized resources for patients needing intravenous therapy, physical therapy, speech therapy, occupational therapy, wound care, pulmonary care and many other treatments and services. The center features a large state-of-the-art therapy gym, resident dining area, full bathrooms with showers in all resident rooms, a fully-outfitted commercial kitchen and a centrally-located administration area with offices, storage and a conference room.

The facility is situated at 109 Methodist Way, and is well 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.