March 26, 2026
HOUSTON – Transwestern Investments and its partner Virtus Real Estate Capital announce the sale of Greenhouse Medical Plaza, a 116,869-square-foot, Class A medical outpatient building located at 2051 S. Greenhouse Road in West Houston. The asset was acquired in 2018 and has since been successfully repositioned from an office building to a premier medical office destination.
“This transaction reflects the successful execution of an innovative investment strategy and the strength of the underlying West Houston market,” said Blake Williams, Chief Operating Officer, Healthcare Advisory Services at Transwestern. “By transforming this asset into a best-in-class medical office building, we have positioned it to deliver long-term value while meeting the needs of a growing healthcare community.”
Originally acquired as a traditional office building, Greenhouse Medical Plaza underwent a strategic repositioning that included the addition of an ambulatory surgery center, a covered patient drop-off, a tenant and patient lounge with conference center, and infrastructure enhancements such as redundant power and automatic ADA entry doors. The property’s proximity to Houston Methodist Hospital, Texas Children’s Hospital and Memorial Hermann West contributed to strong leasing activity and long-term tenant stability.
Transwestern Executive Managing Director Justin Brasell and Senior Associate Chris Boyd will continue providing leasing services for the building.
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About Transwestern
Transwestern is a preeminent, vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. We own, lease and operate $57 billion1 in assets and have completed or commenced development on more than $9 billion of real estate projects since 2012. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, and life sciences. Across 33 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance. Learn more at transwestern.com.
1Includes the Transwestern organization and RIA AUM as of June 30, 2025.
About Virtus
Virtus Real Estate Capital is one of the longest tenured private equity real estate fund managers in the U.S. focused exclusively on cycle resilient needs-based property sectors, such as healthcare, education, storage, and middle-income workforce housing. The Firm was founded in 2003 in Austin, TX. The Firm has acquired or developed more than 300 commercial properties totaling over $7 billion throughout the U.S. Virtus is known across the industry for its deep expertise in social infrastructure sectors and its commitment to people, which is driven by a strong corporate culture around its four core values: Thoughtful Evolution, Resilience, Honorable Action, and Purposeful Work.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
Media Contact:
Montgomery Angel
(346) 232 - 8625
montgomery.angel@transwestern.com
twmediarelations@transwestern.com
Blake Williams
Chief Operating Officer - Healthcare Advisory Services; Laboratory + Life Sciences
Houston, Texas
