Cleveland, OH – December 31, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of the Amarillo Bone & Joint Clinic (the “Property”) to a private equity healthcare real estate sponsor. BGL’s Healthcare Investment Sales team served as the exclusive advisor to the sellers in the transaction.
Amarillo Bone & Joint Clinic consists of approximately 23,298 rentable square feet, is located in Amarillo, Texas, the largest city in the Texas Panhandle. The Property is highly visible and strategically located adjacent to the Texas Tech University Health Science Medical Center, Northwest Texas Healthcare Medical Center, and Baptist St. Anthony’s Hospital, providing convenient access for patients and physicians alike, as well as a dependable referral network.
BGL’s National Healthcare Real Estate Group has completed 40 healthcare real estate sale transactions over the past 24 months for a total value of nearly $750 million. BGL’s National Healthcare Practice specializes in representing and advising owners of healthcare real estate through a variety of transaction structures, including tax-deferred transactions, such as an UPREIT or a §1031 like-kind exchange, as well as an outright sale or equity recapitalization that enables owners to capitalize on current investment demand and historically high valuations while retaining a reduced level of real estate ownership.