Pisula Development Company recently announced the acquisition of Brightpointe at Rivershire in Conroe.[/caption]

The Woodlands-based Pisula Development Company recently announced the acquisition of Brightpointe at Rivershire, a 62,000 square foot, 150-bed transitional care facility in Conroe.

Construction on the facility was completed in December 2016 and the deal was finalized in March between Pisula Development Company, Harrison Street Real Estate and local physicians. Brightpointe at Rivershire serves as a transitional care facility for patients requiring medical and physical rehabilitation after a hospital stay and is located west of the Conroe Regional Medical Center.

Tom Pisula, president of Pisula Development Company, stated in a release that the care facility is a new product for the company.

“Although this is a new product type for our group, this followed our strategy of partnering with local physicians and strong operators to create a targeted real estate solution to satisfy a market need," he said.

Pisula Development Company is the development arm of RRC Medical Real Estate LLC (RRC), a full-service, commercial real estate firm with offices in Texas, Colorado and Pennsylvania.