News Release: Ridgeline Capital Partners Acquire Two Medical Office Buildings from Separate Sellers

FOR IMMEDIATE RELEASE

October 1, 2021

Clearfork MOB at 5612 Edwards Ranch Rd., Fort Worth, TX

Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), an owner of healthcare real estate, is pleased to announce that the firm has closed on two acquisitions of medical office buildings in DFW. Ridgeline acquired a 34,000 SF MOB in McKinney, Texas and a 20,200 SF MOB in Fort Worth, Texas.

The McKinney MOB is located at 4601 Medical Center Drive, adjacent to the Medical City McKinney, a 257-bed acute-care hospital with a $52 million expansion underway. The single-story MOB was constructed in 2006 and renovated in 2018, and is 99% occupied by tenants including Behavior Network, Davita, Most DFW, and McKinney Care Pharmacy.

The Fort Worth MOB is located at 5612 Edwards Ranch Road in the affluent Clearfork submarket. The two-story MOB was constructed in 2020 and is 100% occupied on a long-term NNN lease by a single-tenant, N.A. Lesley Holdings, a physician group that includes an orthopedic practice, primary care, and physical therapy.

“These well-located MOBs are occupied by strong tenants who have invested significant capital into the buildout of their spaces.” said Jeff Axley, founder and Managing Principal of Ridgeline.
About Ridgeline Capital Partners

McKinney MOB at 4601 Medical Center Dr., McKinney, TX

Founded in 2013, Ridgeline is a private investor focused on healthcare real estate. Ridgeline acquires and operates medical office buildings, ASCs, and behavioral health facilities in Texas and the Sun Belt. Ridgeline’s investors include institutional investors, family offices, and accredited investors. For more information, please visit www.ridgelinecp.com.

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