Meridian Realty Sells 140-Bed Skilled Nursing Asset

Dallas-headquartered Meridian Realty Advisors sold the Park Manor at Bee Cave, a 140-bed, post-acute, skilled-nursing property in Bee Cave, TX, in the Austin MSA. David Fasano, Ryan Maconachy and Chad Lavender with HFF’s Dallas office represented the seller.

The sales price of the property at 14058 Bee Cave Pkwy. was not disclosed, with the appraisal at $7.7 million. The buyer wasn’t disclosed either, however, the Travis Central Appraisal District reported it as SSL Landlord LLC, an affiliate of Welltower Inc, which is in Toledo, OH.

Park Manor at Bee Cave delivered in 2014, and is approximately 18 miles northwest of downtown Austin. The facility is a short drive to Baylor Scott & White Medical Center-Lakeway, a 106-bed hospital.

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