AUSTIN (December 5, 2013) – SRS Real Estate Partners announces the sale of TRISUN Care Center Lakeside located at 8707 Lakeside Parkway in San Antonio, Texas. The 42,853-square-foot skilled nursing facility is brand new and of class A construction. The 110 bed facility provides 24-hour nursing care for long-term residents along with rehabilitation services for patients who need short-term care. TRISUN Healthcare currently operates more than 30 senior care facilities throughout the state of Texas.
"This was a unique transaction in that the property was net leased by the operator and sold accordingly," said Jason Middlebrook, vice president of investment sales for the SRS Austin office. "The newly constructed facility along with the annual rental increases and its net lease structure provides the buyer a reliable source of income from a well-regarded operator," said Bob Dickerson, senior vice president for the SRS Austin office.
Jason Middlebrook and Bob Dickerson of SRS Real Estate Partners represented the seller in the transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
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