SEATTLE – Elliott Bay Capital Trust (“Elliott Bay”), a real estate investment company focused on essential healthcare properties, in partnership with Pantheon, a leading global private markets investor, today announced the acquisition of a medical outpatient facility in Georgetown, TX. The property is fully leased to Georgetown Orthopedic Group, a wholly owned subsidiary of St. David’s Healthcare, which operates in partnership with HCA Healthcare, one of the nation’s largest healthcare providers.
The 8,680-square-foot facility was purpose-built for orthopedic services and is strategically located within Georgetown’s medical corridor, just 900 feet from St. David’s Georgetown Hospital. The practice offers a comprehensive range of services, including joint replacements, sports medicine, physical therapy, and orthopedic surgery, serving the rapidly expanding Georgetown and Greater Austin market.
“We are pleased to add this high-quality healthcare asset to our growing portfolio,” said Christian Whipple, CEO of Elliott Bay. “The facility’s strategic location within one of the fastest-growing regions in the country, combined with its affiliation with a leading health system, positions it as a critical provider of essential orthopedic care in Central Texas.”
Georgetown, located 30 minutes north of Austin, is among the fastest-growing cities in the U.S., with a population increase of over 10% annually. St. David’s Healthcare is investing over $1 billion in Central Texas to meet this demand, including a major expansion of its medical center near the subject property.
St. David’s HealthCare is a leading healthcare system in Central Texas, comprising seven hospitals with over 1,500 beds and more than 130 sites across the region. Recognized among the top 5% of U.S. hospitals for clinical outcomes, the organization has been named in Healthgrades’ 2025 America’s 250 Best Hospitals. It operates through a unique partnership between HCA Healthcare and two local nonprofits—St. David’s Foundation and Georgetown Health Foundation.
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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