BEHAVIORAL HEALTH HOSPITAL · LUBBOCK, TEXAS
Oceans Behavioral Hospital Lubbock
A 32-bed inpatient behavioral health hospital and intensive outpatient clinic developed and financed by New Era Companies in Lubbock, Texas — in partnership with Oceans Healthcare.
Licensed Beds
Square Feet
Asset Class
The Project
Behavioral health care for West Texas and beyond.
Oceans Behavioral Hospital Lubbock is a 32-bed inpatient behavioral health hospital and intensive outpatient clinic located at 4304 Princeton Street in Lubbock, Texas. Developed and financed by New Era Companies and completed in 2022, the 25,878 square foot single-story facility is operated by Oceans Healthcare — a nationally recognized provider of behavioral health services to adults and seniors.
The hospital delivers quality inpatient and outpatient behavioral health services focused primarily on adult and geriatric patients across depression, anxiety, and other mental health conditions. The Lubbock facility extends New Era and Oceans Healthcare’s programmatic partnership into West Texas, bringing specialized behavioral health services to the Lubbock community and the broader Texas Panhandle and Eastern New Mexico region.
Project Details
Asset Class
Behavioral Health Hospital (BHH)
Location
Lubbock, Texas
Licensed Beds
32 Beds
Building Size
25,878 SF
Stories
1-Story
Completed
2022
New Era Role
Developer · Capital Partner
Management Partner
Oceans Healthcare
The Facility
Project Location
Lubbock, Texas
4304 Princeton Street
Lubbock, TX 79415
New Era’s Role
Developer. Capital Partner. Delivered.
New Era identified the site, structured the capitalization, and delivered a purpose-built behavioral health facility — enabling Oceans Healthcare to bring specialized mental health services to an underserved West Texas market.
Developer
Full development management from site selection through certificate of occupancy for a 25,878 square foot single-story behavioral health hospital at 4304 Princeton Street in Lubbock, Texas. Completed 2022.
Capital Partner
New Era structured and raised the capital through its investor network. Delivered on schedule in 2022.
Delivered
A 32-bed inpatient behavioral health hospital and intensive outpatient clinic serving adult and geriatric patients across Lubbock, the Texas Panhandle, and Eastern New Mexico — part of New Era’s programmatic partnership with Oceans Healthcare.