HOUSTON--Capital Square Realty Advisors LLC announced that its Delaware Statutory Trust investment offering, MOB Portfolio I DST, comprised of two medical office buildings, including one in Houston, has been fully subscribed by investors.
“Capital Square Realty Advisors is pleased to bring investment-grade real estate to investors through the DST structure, with properties like the Mentis Neuro Rehabilitation building, which is 100 percent leased on an absolute triple-net basis to the market leader in acute care for acquired brain injuries,” Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors, told GlobeSt.com. “The property is strategically located near Texas Medical Center, in proximity to 21 renowned area hospitals and numerous educational universities, organizations and facilities, as well as many local residents in the immediate area.”
The single-story building located at 9551 Fannin St. in Houston is 100 percent leased to Mentis Neuro Rehabilitation. The organization provides post-acute neuro-rehabilitation to patients who have sustained an acquired brain injury or whose conditions restrict mobility, social interaction, communication, employability and re-entry into their homes and community.
Constructed in 2008, the building was renovated and expanded in 2012 to meet increased patient demand. The building is situated on 2.7 acres of land and includes private patient rooms and bathrooms, administrative offices, a family counseling room, filing and IT room, neuropsychology room, student office, treatment room, occupational therapy space and speech therapy spaces. Other common areas include a gym, education room, recreational room, private dining areas and a day/dining room with a nurse's station.
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