Cain Brothers has completed the disposition of a 65,141 square foot, state-of-the-art rehabilitation hospital located in the Dallas-Fort Worth metroplex community of Bedford. The property was developed by Caddis Partners in 2010 and is known as Reliant Mid-Cities (www.reliantmidcities.com/). The facility has 60 private rooms with hotel-quality amenities and a unique building floor plan layout with spacious lounge areas outside of each patient room to provide a comfortable setting for treatment and patient interaction with family and friends. Reliant Mid-Cities offers the latest in rehab technology, including LiteGait, VitalStim, Bioness equipment, and a salt-water aquatic therapy pool.
The property is leased and operated by Reliant Hospital Partners, LLC, a leading operator of rehabilitation hospitals with six facilities in Texas, one in Ohio, and two more opening in Texas in 2012. Reliant's hospitals provide highly specialized, intensive care to patients with complex rehabilitation and medical needs stemming from conditions such as strokes, head injuries, hip fractures, and various neurological disorders. Reliant's services and business model are differentiated by its exceptional patient quality of care outcomes, high level of patient satisfaction, quality of treating and administrative staff, new and cutting edge facilities, and independence from market affiliations.
Caddis Partners is a Dallas-based real estate development, management, and investment firm focused on health care development. The firm is comprised of experienced real estate professionals across various disciplines that provide clients with expertise in development, acquisition, financing, construction management, leasing, tenant representation, property management, and accounting. In 2011, Caddis was ranked the Sixth Largest North Texas Commercial Developer by the Dallas Business Journal.
American Realty Capital, LLC is a full-service investment advisory firm sponsoring a series of investment programs with an emphasis on publicly registered non-traded real estate offerings, which includes American Realty Capital Healthcare Trust, Inc., the hospital purchaser.
American Realty Capital Healthcare Trust, Inc. is a publicly registered, non-traded real estate investment trust. The company was formed to acquire a diversified portfolio of income producing real estate properties including medical office buildings, hospitals, senior housing, skilled nursing facilities, and life science facilities. Its goal is to invest in the rapidly growing health care industry through selective real estate acquisitions, targeting medical facilities that address the needs of the health care providers and the patients they serve.
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