The CEO of Elliott Bay Capital Trust provides an update on the firm and its strategy
By John B. Mugford
Christian Whipple
For anyone who follows the medical outpatient buildings (MOBs) acquisitions market, it would be hard not to notice how active an investor Elliott Bay Capital Trust has been during the past dozen years, particularly in the past couple of years.
During the past 12 months, the healthcare real estate (HRE) focused firm has acquired a total of 16 properties with well over 400,000 square feet of space for a total investment of $154 million.
Since its founding in 2013, Elliott Bay, which has a team of six, all of whom have been with the firm since the beginning, has acquired more than 180 HRE facilities nationwide. The facilities have been primarily MOBs leased to what the firm refers to as “leading national and regional operators.”
In making those acquisitions, Elliott Bay established “strategic joint ventures with top-tier institutional investors and successfully scaled national healthcare portfolios.”
Today, its overall portfolio comprises
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