Bids Sought for Big West Texas Property, Brokers Pushing Addiction Treatment Use

06/28/2017 -ATIN- Real estate brokers in West Texas are pushing a 1,400 acre property about an hour from Lubbock as ideal for conversion to use as an addiction treatment facility. It is one of literally hundreds of similar reports Treatment Magazine has heard of or received over the past two years as opiate abuse has driven addiction to unprecedented epidemic levels, driving a boom expansion in treatment capacity.

The property's core is a 100+ acre campus, 16+ buildings that was a former Girls Town orphanage with bed capacity for perhaps as many as 150 and amenities like an Olympic-sized indoor swimming pool. Brokers for the deal say that it will take the form of a tender offer with any and all bids considered. Potential buyers can submit formal bids to the broker until the close of business on July 21, at which time the bidding on the tender offer will be closed. The owner reserves the right to refuse any and all bids, according to brokers.

Just last week, Treatment Magazine got word that real estate interests in central Florida were seeking a possible treatment conversion of a 50-bed specialty hospital on a 6-acre lake property and a big announcement recently came out of rapidly expanding Nashville-based Addiction Campuses, which has transformed a resort-style property near Akron, OH into a 150-bed addiction treatment center.

Texas Tender Offer/Property Info Ink

Treatment Magazine

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