SEATTLE — A partnership between Elliott Bay Capital Trust (“Elliott Bay”), a real estate investment company focused on essential healthcare properties, and its partner Pantheon, a leading global private markets investor, today announced it has acquired a net leased medical outpatient property in Paintsville, KY. The property is leased to a leading health system providing essential and multi-specialty services to the community.
The property spans 30,000 square feet and is fully leased to UK HealthCare, offering specialty health services such as CT imaging, cardiology, vascular care, urgent care, orthopedics and sports medicine, and more. Built specifically for UK HealthCare in collaboration with King’s Daughters Health, a regional health system acquired by UK Health, this new facility expands services to meet growing demand. Strategically located in a high-visibility retail corridor near major retailers and a regional hospital, the facility enhances accessibility for patients.
“We are excited to acquire this exceptional asset in a high-demand, patient-centered destination and to begin a new partnership with a preeminent health system,” said Christian Whipple, CEO of Elliott Bay. He added, “UK Health’s substantial investment in this facility reflects its commitment to meeting the healthcare needs of a broad catchment area, delivering essential services that are critical to the community.”
UK HealthCare, based on the University of Kentucky’s (UK) campus in Lexington, is a comprehensive health system serving Kentucky and surrounding states through its extensive network of hospitals, clinics, outreach locations, and patient care services.
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.
About Pantheon
Pantheon (www.pantheon.com) has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle
of investments. Pantheon has partnered with more than 650 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $65bn in discretionary assets under management (as of December 31, 2023). Pantheon’s dedicated real estate strategy was established in 2021 and focuses on partnering with specialized owner-operators to provide comprehensive capital solutions in needs-based property sectors that benefit from strong secular tailwinds and that offer defensive characteristics across market cycles.
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