FOR IMMEDIATE RELEASE
December 1, 2017
Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), a privately-held commercial real estate investment company, recently completed the acquisition of the three-story, 42,000 square foot Connally Oaks Medical Center (“Connally Oaks”) in San Antonio.
Connally Oaks, built in 2008, is located at 2130 NE Loop 410 in San Antonio, directly south of the 371-bed Northeast Baptist Hospital.
The building is a “Class A” asset and 95% occupied by eight medical practices on triple-net leases, anchored by a national oncology group. Other tenants in the building include primary care, physical therapy, neurology, podiatry, dentistry, and pain management specialists.
“This acquisition was attractive for us due to the property’s strategic location, high visibility, strong tenants, and institutional quality construction,” said Jeff Axley, Ridgeline’s Founder and Managing Principal.
Ridgeline says its mission is to acquire healthcare facilities in Texas and across the Sun Belt with more than 40,000 square feet of space and occupancies ranging from 50 percent to 100 percent.
The company has now made seven acquisitions since its launch in early 2014.
About Ridgeline Capital Partners
Ridgeline is a private real estate investment firm specialized in acquiring and operating healthcare real estate assets. The firm utilizes its experience in acquisitions, management, development and capital markets to invest capital entrusted to Ridgeline. Ridgeline’s investment philosophy is based on an understanding of asset values and capital markets and the inherent inefficiencies in the real estate industry. Ridgeline’s investment strategies are primarily focused on value-add investments and in providing joint venture equity for new development. For more information, please visit: www.ridgelinecp.com.
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