FOR IMMEDIATE RELEASE
Dallas, TX – (October 17, 2023) – Big Sky Asset Management (“Big Sky”), a leading healthcare real estate investment firm, is thrilled to announce the successful closure of its second medical real estate fund. Big Sky Medical Income Fund, LP (“Fund II” or “the Fund”), initiated in October 2021, reached its final close on August 31, 2023. This final close brings total commitments to the Fund and its related joint ventures to $392.3 million, underlining the confidence of investors in the firm’s strategic vision and expertise in the healthcare real estate sector.
Fund II is a closed-end investment vehicle that seeks to generate steady distributions from the acquisition of medical and life science assets throughout the United States. To date, the Fund has made investments in 37 healthcare assets totaling over 2 million rentable square feet in 15 states. The Fund has had a strong performance out of the gate and broke the J-curve in just one quarter. Future investments for Fund II should include medical clinics, ambulatory surgery centers, and specialty hospitals.
Jason L. Signor, Founder and CEO of Big Sky, expressed his gratitude and excitement, stating, “The successful closure of our second medical real estate fund is a testament to the trust and confidence our investors place in our team’s ability to identify and operate prime healthcare real estate assets. We are committed to delivering exceptional value to our investors while contributing to the enhancement of healthcare delivery in communities across the nation.”
Blake Woodall, Director of Investor Relations, highlighted the resiliency of medical real estate, sharing that “the Big Sky team has been very pleased with the performance of our assets which have continued to meet our expectations during a period characterized by market volatility and dislocation.”
Harrison Horowitz, Director of Transactions, added that “Big Sky is grateful for the show of support from our investors. Big Sky’s strategy to acquire high-quality healthcare real estate assets is ideally positioned amid turbulent market conditions.”
Big Sky Medical’s Income Fund has enabled the company to expand its reach and provide tailored healthcare real estate solutions that support the evolving needs of healthcare providers and communities. With a track record of excellence in healthcare real estate investments, Big Sky Medical is poised for continued growth and success.
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.
DISCLOSURES
Statements contained in this release that are not historical facts are based on current expectations, estimates, projections, opinions and/or beliefs of the Fund’s general partner. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Moreover, certain information contained in this release constitutes “forward-looking” statements, which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Fund may differ materially from those reflected or contemplated in such forward-looking statements.
For media inquiries:
Cristi Swayze
CSwayze@bigskymed.com
469-949-8300
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