The company has acquired two class A, luxury multifamily properties, representing its entrance into the Baton Rouge market.

Panelists at the recent GlobeSt. Healthcare Real Estate national conference say that while investor interest is growing in behavioral facilities, lenders are slow to follow suit.

There is a projected 855 million square feet of absorption and new supply of industrial properties at 932 million square feet expected in 2022.

The previous ownership had repositioned the property, including a new exterior and upgraded building systems.