76-Bed Waterton Plaza Sells to Healthcare JV

Waterton Plaza at Cowhorn Creek, a 76-bed, skilled-nursing facility, sold to a partnership between Trinity Healthcare and Live Oak Healthcare. The seller, The Waterton at Cowhorn Creek LLC, owned the asset at 5524 Cowhorn Creek Rd. in Texarkana, TX. CBRE’s Daniel Morris, CCIM, represented the seller.

The facility opened in 2001, and has a stable operations history. “This was a highly-desirable property with multiple competing offers,” Morris said, noting that the buyer was ultimately selected, based on strength and speed to closing. “The buyer sought to grow their presence in the Texarkana area, and sees strong upside with the facility by participating in the QUIPP program,” he added.

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