Dallas, TX (Nov. 9, 2022) – Big Sky Medical announces the closing of four independent transactions including three medical office buildings and a state-of-the-art life science facility on October 21st. The four properties are located in Texas (2) and Maryland (2) and combine for a total of 382,509 rentable square feet. The addition of these four assets marks the successful acquisition of 20 properties through Big Sky’s partnership with GFH in 2022.
Big Sky secured their second investment in Houston, Texas, with the purchase of Greenpark One, a 134,910 rentable square foot multi-tenant medical office building. The property is conveniently located on the southwest side of the Texas Medical Center. In addition to being located near the world’s largest medical center, the property is complemented by a diverse tenant mix. The two largest tenants are a dermatology practice and a joint venture between a surgery center and Memorial Hermann. With some much-needed capital and some strategic upgrades, Big Sky feels it can rejuvenate the leasing momentum of the asset. Big Sky has selected Transwestern to lease the vacant space within the building and help implement the business plan to regain full occupancy. Additionally, Big Sky is undertaking multiple capital projects to enhance the building’s facilities and attract additional tenants. “Big Sky looks forward to substantially investing in improvements to the property and expanding our presence within Texas’s largest city.” said Jason L. Signor, Founder and CEO of Big Sky Medical.
The three additional properties Big Sky closed were a life science facility in College station, Texas, and two medical office buildings in Salisbury, Maryland. Each investment offered a unique opportunity to capitalize on geographic positioning as well as strong tenancy. The acquisition of these four diverse assets speaks to Big Sky’s deliberate intent to continue expanding their geographic breadth while also pursuing a greater interest in life science facilities. With the end of the year quickly approaching, Big Sky is pushing ever closer to achieving their goal to acquire $1 Billion of investments in 2022.
About Big Sky Medical
Big Sky Medical Real Estate is an investment manager focused on commercial real estate across the United States with an overweight focus on the medical office sector. Big Sky was formed in 2020 by industry veteran Jason L. Signor to exclusively invest in healthcare and life science real estate. Big Sky leverages its deep relationships built over the past two decades as a sector specialist to position its platform as a flexible source of capital for developers, healthcare operators and investors of high quality medical real estate without competing conflicts of interest. To learn more, visit bigskymed.com
GFH is one of the most recognized financial groups in the Gulf region. Its businesses include Asset Management, Wealth Management, Commercial Banking and Real Estate Development. The Group’s operations are focused in the GCC, and the US. GFH is listed in Bahrain Bourse, Boursa Kuwait,Dubai Financial Market, and Abu Dhabi Securities Exchange. For more information, please visit www.gfh.com
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