- Joint Venture Partnership with Leading Health System – The facility is operated through a joint-venture partnership between Memorial Hermann Health System (Fitch AA-) & United Surgical Partners International (USPI) (51%) and Houston Physicians’ Hospital (49%).
- Credit Rated Tenant Affiliation – Memorial Hermann Health System (Fitch: AA-) reported approximately $8.6 billion in annual revenue for the 12 months ending June 30, 2024. United Surgical Partners International (USPI), is a subsidiary of Tenet Healthcare Corporation (NYSE: THC) and operates 500+ surgical facilities nationwide. This strong affiliation with well-capitalized healthcare organizations enhances tenant credit quality and should further instill buyer confidence in the asset.
- Integrated Partnership Drives Tenant Stability – The joint-venture alignment between the health system and physicians creates a steady referral network and reinforces long-term tenant stability.
- Dominant Regional Health System Operator – Houston Physicians’ Hospital is an award-winning hospital with around 14 physical therapy locations throughout Houston.
- Specialized Rehabilitation Facility – The facility features a dedicated aquatic therapy pool, designed to support low-impact, high efficiency recovery for orthopedic, neurologic, and post-surgical patients. The presence of this niche therapy suite underscores the facility’s premium service offering and drives referral stickiness.
Andrew Fagundo, Tyler Swade, Michael Moreno, and Rahul Chhajed (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)