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American Realty Capital Snags Reliant Rehab

DALLAS-Realty Capital Partners and Cirrus Group sell the just-completed, 60-bed rehabilitation facility. Also included: Other southwest news.

By Amy Wolff Sorter | Updated on December 27, 2011

DALLAS-Locally based Dallas based Realty Capital Partners LLC (RCP) in partnership with Cirrus Group sold its newly constructed Reliant Rehabilitation Hospital to American Realty Capital.  At the time of sale, the in-patient rehabilitation hospital was 100% leased to a partnership between Reliant Healthcare Partners (which will operate the facility) and 20 local physicians.

The four-story, 60-bed facility at 7930 Northaven Rd. is near two of Dallas’ largest hospitals, the 660-bed Medical City Dallas and the 866-bed Texas Health Presbyterian Hospital Dallas. Limited partner RCP provided most of the equity financing for the project, while Cirrus Group was the general partner and developer.

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