Ventas Acquires Eating Recovery Center Medical Office Building In Plano, Texas

On November 5, Ventas, Inc. announced it acquired an Eating Recovery Center medical office building in Plano, Texas for $58 million. The building is a 102,000-square-foot facility with 72 inpatient beds. The acquisition price represents a 7.2% yield on the expected 2022 net operating income for Ventas.

The Eating Recovery Center (ERC), founded in 2009, is one of the largest eating disorder treatment provider organizations in the United States with 35 centers across Colorado, California, Illinois, Texas, Ohio, Maryland, and Washington. ERC’s treatment offerings include inpatient services, intensive outpatient programming and virtual care. ERC operates . . .