{"id":1004465911,"date":"2020-07-22T08:40:42","date_gmt":"2020-07-22T16:40:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004465911"},"modified":"2020-07-22T08:40:42","modified_gmt":"2020-07-22T16:40:42","slug":"realtymogul-buys-texas-medical-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/realtymogul-buys-texas-medical-facility\/","title":{"rendered":"RealtyMogul Buys Texas Medical Facility"},"content":{"rendered":"<div id=\"attachment_1004465917\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004465917\" data-attachment-id=\"1004465917\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/realtymogul-buys-texas-medical-facility\/3601-21st-st-lubbock-tx-015\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg\" data-orig-size=\"890,667\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;10&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D750&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1552983528&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;25&quot;,&quot;iso&quot;:&quot;500&quot;,&quot;shutter_speed&quot;:&quot;0.001&quot;,&quot;title&quot;:&quot;3601 21st. St. Lubbock, TX - 015&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"3601 21st. St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3601 21st. St. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg?w=890\" class=\"wp-image-1004465917 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg 890w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004465917\" class=\"wp-caption-text\">3601 21st St. <em>Image courtesy of JLL<\/em><\/p><\/div>\n<p>RealtyMogul has purchased 3601 21st St., a 20,880-square-foot, single-tenant medical office building in Lubbock, Texas. The joint venture between Healthcare Property Advisors and The Innovation Institute sold the property, with the assistance of JLL.<\/p>\n<p>Completed in 1966 and most recently renovated in 2003, the three-story building is fully leased to Covenant Health System under a triple-net contract. The multi-specialty physician group uses the facility to provide neurosurgery and spine-related services.<\/p>\n<p>Located some 2 miles from the city center within the 200-acre Lubbock Medical District, the 1.2-acre property is across the road from the 394-bed Covenant Medical Center, the largest Covenant Health System hospital. The facility is also 7 miles from the $47 million <a href=\"https:\/\/www.commercialsearch.com\/news\/skiles-group-covenant-health-break-ground-on-tx-hospital\/\">short-stay hospital<\/a> Covenant Health is building in partnership with Skiles Group.<\/p>\n<p>The JLL Capital Markets team negotiating on behalf of the seller included Nick Foster, Evan Kovac, Andrew Milne, Matt DiCesare and Michael George. In addition, John Chun provided debt and structured finance advisory services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Covenant Health System is the sole tenant of the 20,880-square-foot property in Lubbock.<\/p>\n","protected":false},"author":870,"featured_media":1004465917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21754,21742],"tags":[32796,35753,49849],"class_list":["post-1004465911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-medical-office","category-latest","tag-jll","tag-michael-george","tag-realtymogul-com"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RealtyMogul Buys Texas Medical Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/realtymogul-buys-texas-medical-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealtyMogul Buys Texas Medical Facility\" \/>\n<meta property=\"og:description\" content=\"Covenant Health System is the sole tenant of the 20,880-square-foot property in Lubbock.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/realtymogul-buys-texas-medical-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-22T16:40:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/3601-21st-St-e1595420969123.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/realtymogul-buys-texas-medical-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/realtymogul-buys-texas-medical-facility\\\/\"},\"author\":{\"name\":\"Adriana Marinescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\"},\"headline\":\"RealtyMogul Buys Texas Medical Facility\",\"datePublished\":\"2020-07-22T16:40:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/realtymogul-buys-texas-medical-facility\\\/\"},\"wordCount\":170,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/realtymogul-buys-texas-medical-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/07\\\/3601-21st-St-e1595420969123.jpg\",\"keywords\":[\"JLL\",\"Michael George\",\"RealtyMogul.com\"],\"articleSection\":[\"Deals\",\"Medical Office\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/realtymogul-buys-texas-medical-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/realtymogul-buys-texas-medical-facility\\\/\",\"name\":\"RealtyMogul Buys Texas Medical Facility - 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