JLL Capital Markets completes sale of hospital in northeast Houston
Long-term commitment from Kindred Healthcare, economic fundamentals spur sale
HOUSTON, March 6, 2019 – JLL Healthcare Capital Markets experts today announced the sale of Kindred Humble, a two-story, 46-bed freestanding inpatient rehabilitation hospital located near the Memorial Hermann Northeast Hospital campus in Humble, Texas.
Kindred Healthcare, one of the largest providers of post-acute care and acute rehabilitation services in the U.S., operates the 55,646-square-foot property. The facility is strategically located near two acute care hospitals that discharge patients requiring admission to a rehabilitation hospital.
JLL Capital Markets Managing Directors Steve Leathers, Mindy Berman, Brian Bacharach and Vice President Anthony Sardo led the sale on behalf of the seller.
“The area’s thriving economy is driving unprecedented growth throughout the region as well as investor interest in healthcare assets with mission critical infrastructure like Kindred Humble,” said Leathers. “Its long-term lease with a leading operator provided the perfect opportunity to transition the property to new ownership with pure focus on healthcare real estate.”
The transaction marks the 35th hospital sale or financing arranged by JLL Healthcare Capital Markets since 2014.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com