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 Chantilly, VA, part of the Washington, D.C. metropolitan area. The property is leased to Inova, a leading health system providing essential and multi-specialty services to the community.
The property, spanning 21,540 square feet, is fully leased to Inova and provides a range of specialty health services, including OB-GYN, physical therapy, occupational health, urgent care, primary care, and laboratory services. Purpose-built for Inova to meet the needs of the rapidly growing Dulles South community in Loudoun County, the facility is strategically located in a high-visibility, high-traffic corridor.
“We are thrilled to acquire this premier property in a rapidly growing, patient-focused location and to establish a new partnership with a leading health system committed to addressing the evolving needs of its community,” said Christian Whipple, CEO of Elliott Bay. He added, “Loudoun County has consistently ranked among the most affluent and fastest-growing counties in the U.S. over the past decade, further enhancing the property’s value and strategic importance.”
Inova, is a leading not-for-profit healthcare provider that operates an expansive network of hospitals, primary and specialty care practices, emergency and urgent care centers, and outpatient services throughout northern Virginia and the Washington D.C. metropolitan area. Inova provides care to over 1 million unique patients annually, leveraging its nationally recognized network and 24,000 team members.
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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