Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), an owner of healthcare real estate, is pleased to announce that the firm has closed on the acquisition of a four-property medical office portfolio located in the Austin and Houston, Texas submarkets.
The portfolio totals 117,433 square feet across four properties: Lakeside Professional Building (3101 Hwy 71 E, Bastrop), Montgomery MOBs (18057 & 18059 Hwy 105 West, Montgomery), North Conroe Medical Center (4019 Interstate 45 North, Conroe) and Sam Houston Medical Center (540 Interstate 45 South, Huntsville). Built between 2004 and 2010, the portfolio is 86% leased to a diverse roster of healthcare tenants, including CHI St. Luke’s Health, Liberty Dialysis (a Fresenius Medical Care company), North Pines Surgery Center and RapidCare Emergency Room.
Ridgeline’s 3rd party team has specialized in medical office real estate in the Austin and Houston submarkets for more than 26 years, including through Ridgeline’s ownership of the adjacent Huntsville Medical Park.
About Ridgeline Capital Partners
Ridgeline is a private equity firm focused exclusively on investing in healthcare real estate on behalf of over 500 investors. For more information, please visit www.ridgelinecp.com.
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