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Agents Generated 10+ Offers for Houston Healthcare Facility
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, represented the seller in the disposition of a SignatureCare Emergency Center located at 5835 Highway 6 N, Houston, TX. The transaction was handled by Associate Josh Cordray, along with First Vice Presidents and Senior Directors Michael Moreno and Rahul Chhajed.
Matthews™ agents generated over 10 offers through an extensive marketing process, ultimately securing a competitive price. The seller is a REIT that will use the capital gained during the sale to purchase their upleg in a 1031 Exchange. The buyer represented themselves in the transaction.
“We were able to source multiple offers from exchange buyers and private clients through numerous email campaigns sent through our database,” Cordray said. “The seller needed to close by year-end, and we were able to make that happen.”
The property featured a prime location with a high-performing tenant and eight years remaining on the lease.
“When selecting a buyer, we needed an investor that not only came in at the right price but also an investor we had confidence would close in a timely manner,” Moreno said.
SignatureCare Emergency Center owns and operates 21 freestanding emergency room locations throughout Houston and the Austin MSA.
“Our team sells more medical assets than any other team in the country,” Chhajed said. “Our expertise allows us to stay ahead in a moving market and enabled us to choose a buyer with the highest probability of closing, even in a difficult interest rate market.”
Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 17 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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