SEATTLE — Elliott Bay Capital Trust (“Elliott Bay”), a real estate investment company focused on essential healthcare properties, in partnership with Pantheon (“Pantheon”), a leading global private markets investor, today announced the acquisition of a state-of-the-art outpatient medical facility in Clifton Park, New York. The 60,000-square-foot property is fully leased to three leading healthcare providers delivering a range of critical services to the New York Capital Region.
Built in 2016, the facility is 100% leased and anchored by Community Care Physicians, the largest independent multispecialty group in the region, and Albany Med Health System. Together, these tenants comprise nearly 90% of the occupancy, alongside Brass Eye Center, a leading ophthalmology practice. Services offered include imaging, urgent care, family and internal medicine, OB/GYN, pediatrics, ophthalmology, urology, physical therapy, and more.
Located along NY Route 9 just north of downtown Clifton Park, the property sits in the heart of Saratoga County’s primary medical and retail corridor, with excellent accessibility to I-87 and the broader Capital Region.
“Clifton Park represents the type of high-quality, purpose-built medical property we seek to add to our portfolio—strategically located, highly utilized by the community, and anchored by some of the most trusted healthcare providers in the region,” said Christian Whipple, CEO of Elliott Bay.
“We’re excited to expand our presence in New York’s Capital Region and establish a partnership with Albany Med and Community Care Physicians.”
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 $70.8 billion in discretionary assets under management (as of September 30, 2024). Pantheon’s dedicated real estate strategy was established in 2021 and focuses on partnering with specialized owner-operators to provide comprehensive capital solutions in property sectors that benefit from strong secular tailwinds and offer defensive characteristics across market cycles.
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