SEATTLE — A partnership of Seattle-based Elliott Bay Capital Trust (“Elliott Bay”) and Pantheon has announced the acquisition of a medical office building in Jackson, MI leased to a leading health system providing specialty services.
Elliott Bay and Pantheon established a joint venture to acquire healthcare properties across the U.S in February 2023.
The property is 17,144 square feet, 100% leased to Henry Ford Health and provides cardiology and related vascular services. The property is in a medical corridor adjacent to the affiliated 385-bed Henry Ford Allegiance Health hospital serving the community since 1918. Jackson is located just off I-94 approximately 30 miles west of Ann Arbor and 35 miles south of Lansing with easy access to the greater region.
“The Jackson property is a great addition to our portfolio as we progress the execution of our strategy of acquiring essential healthcare properties leased to leading providers, in high-demand markets that are delivering superior services to patients in their communities across the country” said Christian Whipple, CEO of Elliott Bay.
Henry Ford Health System is a non-profit healthcare organization serving communities across Michigan and beyond. Henry Ford Health is one of the nation’s leading academic medical centers that serves a growing number of customers with its more than 33,000 valued team members across 250+ locations, including five acute care hospitals.
About Elliott Bay Capital Trust
Elliott Bay Capital Trust (www.elliottbaycap.com) is an integrated real estate investment platform based in Seattle, WA that acquires and manages healthcare properties across the U.S. Founded in 2013, Elliott Bay manages a diversified portfolio of outpatient medical properties nationwide leased to leading health systems, national sector-leading companies, and regional care providers. Elliott Bay aligns with its healthcare provider partners to help unlock economic value and enhance operating flexibility while creating long-term value in each of its real estate investments.
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