Central Texas Rehabilitation Hospital was created through a joint venture between Louisville, Ky.-based Kindred Healthcare and Seton Healthcare Family, an 11-hospital system in Austin. Seton Healthcare is part of St. Louis-based Ascension.
As part of the deal, Global Medical REIT assumed the lease on the facility, which is approximately 9.6 years and subject to four, five-year renewal options. Global Medical REIT will receive an estimated $2.9 million in rent per year, guaranteed by Kindred Healthcare.
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