Empower Behavioral Health

• EBH operates 35± locations among Texas’ top MSAs and surrounding markets. The company is also in-network with many of the leading insurance providers.
• The tenant will amend their lease to a ten-year absolute NNN lease with no landlord responsibilities, providing a passive investment vehicle for both local and out-of-state investors and demonstrating its long-term commitment to the location.
• The lease features 3% annual rent increases, offering investors built-in income growth and a great hedge against inflation.
• The Applied Behavioral Analysis market was valued at approximately $4 billion in 2023 and is projected to grow to $6 billion by 2032, representing a compound annual growth rate (CAGR) of 4.8% over the 2024–2032 forecast period.
• Healthcare is considered recession-resistant due to the essential nature of its services, which maintains consistent demand even during economic downturns. The critical need for behavioral health treatments ensures stable revenue streams, supported by government funding and insurance coverage, making these properties a secure investment in uncertain economic times.
• In 2022, EBH merged with the private equity-backed Circle of Care to enhance its therapy services. Founded in 2007, Circle of Care specializes in pediatric speech, physical, and occupational therapy for children from birth to 20 years old.
• San Antonio is the second largest city in Texas and the seventh largest in the U.S. with roughly 1.5 million residents.
• Texas is one of nine states with no personal income tax, offering potential tax advantages for investors. According to U.S. Census data, Texas led the nation in net domestic migration in 2024.