Rethink Healthcare Real Estate and Heitman LLC have acquired a Mansfield, Texas medical office building (MOB) in a joint venture.
BlackBirch Capital acted as the exclusive financial advisor to the undisclosed seller. CIT, a division of First Citizens Bank, arranged the debt. The financial terms of the transaction were not disclosed.
The 36,101-square-foot building is leased to an emergency hospital, Emerus. Emerus is the nation’s leading operator of micro-hospitals and a nationally recognized leader in the delivery of emergency, inpatient and diagnostic medical healthcare.
Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $53 billion in assets under management. The company is based in Chicago, Illinois. Previously in 2023, Heitman acquired a 10-building portfolio in a joint venture with Woodside Health, LLC.
White Plains, New York-based Rethink Healthcare Real Estate invests in strategic, institutional quality medical office buildings and other ambulatory facilities that help uplift and advance community care.
According to data captured in the LevinPro HC database, this acquisition represents the 25th MOB transaction in 2023. In 2022, 214 MOB transactions were reported.
