Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), a privately-held commercial real estate investment company, recently completed the acquisition of the single-story, 21,500 square foot Allen Medical Pavilion in Allen, TX.
The property is in Allen’s medical district adjacent to the Texas Health Resources Presbyterian hospital campus. Built in 2007, the building is 100% occupied by eight medical practices on triple-net leases. Tenants in the building provide diagnostic imaging, neurology, allergy, immunology, rheumatology, family medicine and internal medicine.
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 made nine acquisitions since 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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