SEATTLE —Elliott Bay Capital Trust (“Elliott Bay”), a real estate investment company focused on essential healthcare properties today announced the acquisition of a net-leased outpatient medical facility in Harrisburg, Pennsylvania. The property is fully leased to UPMC, a leading not-for-profit health system.
The 22,900-square-foot facility was purpose-built in 2015 as an orthopedic medical center and is 100% occupied by UPMC, one of the largest integrated health systems in the United States, operating more than 40 hospitals. The property supports a comprehensive range of orthopedic services including sports medicine, imaging (including MRI), physical therapy, and specialty surgical care, serving patients across Central Pennsylvania .
Strategically located within Harrisburg’s primary medical corridor, the facility sits directly adjacent to UPMC Community General Hospital and is surrounded by a dense concentration of complementary medical providers. This positioning supports strong referral patterns and seamless integration within UPMC’s network, while offering convenient access via Interstate 83 and Interstate 81 to the broader Harrisburg–Carlisle metropolitan area.
“This acquisition aligns with our strategy of investing in high-quality, purpose-built healthcare facilities leased to leading health systems,” said Christian Whipple, CEO of Elliott Bay. “UPMC is one of the most respected providers in the country, and its long-term commitment to this location reflects the strength of the asset and its importance within the regional healthcare delivery network.”
Harrisburg, the capital of Pennsylvania, serves as a key economic and healthcare hub in Central Pennsylvania, supported by a growing population and a strong employment base anchored by government, healthcare, and education.
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.
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