Emory University is days away from opening its new heart and vascular facilities. The updated and upgraded care spaces are the result of an $87 million investment from Emory Healthcare.

The new facilities feature a new 16-bed cardiovascular intensive care unit, a suite of new cardiovascular and thoracic operating rooms, catheterization laboratories and electrophysiology laboratories, all with innovative technology and the latest equipment.

The facility includes a robotic room which utilizes a robot for smaller incisions with more precision. “These new heart and vascular facilities will allow us to greatly enhance patient care, grow procedural capacity and access, and continue to foster innovation and excellence across the whole service line,” says Angel Leon, MD, executive director of Emory Heart & Vascular.

Emory University Hospital has been in the process of recruiting more than 80 new staff members at the site at Emory University Hospital Tower in Atlanta’s Druid Hills neighborhood.

NexPoint Residential Trust closed on the sale of Old Farm in Houston, a 734-unit property built in 1996. The property was acquired for $84.7 million in 2016. As of March 1, 2024, the property was 91.41% leased with a weighted average effective monthly rent of approximately $1,307.

Net proceeds from the sale were approximately $49.4 million, delivering a trailing nominal tax and insurance adjusted cap rate of 5.36%, a 22.14% levered internal rate of return and a 2.98x multiple on invested capital. The Company will use a portion of the net proceeds from the sale to make a $24 million paydown on the Company’s corporate credit facility, continuing the Company’s strategic de-leveraging and balance sheet improvement initiatives.

“NXRT is pleased to announce the closing of Old Farm, which allows us to deliver a strong return on a 7-year investment, creates almost $50 million of liquidity for the Company and pays off our most expensive debt capital, a long-stated goal,” said the company’s Matt McGraner.