SEATTLE — A partnership between Elliott Bay Capital Trust (“Elliott Bay”), a real estate investment company focused on essential healthcare properties, and its partner Pantheon (“Pantheon”), a leading global private markets investor, today announced it has acquired two net leased medical outpatient properties in San Antonio, TX and Portland, OR. The properties are occupied by top healthcare providers offering essential, specialty services to their communities.
The property in San Antonio is a 19,043 square-foot state-of-the-art medical outpatient building that is fully occupied with anchor tenancy by DaVita Inc., a national leader in kidney care. Strategically positioned within a medical corridor, this property benefits from its proximity to North Central Baptist Hospital and Methodist Hospital Stone Oak. This prime location not only enhances its appeal to tenants but also ensures high visibility and accessibility for patients seeking top-tier medical services.
The property in Portland is a 14,355 square-foot medical outpatient building that is fully occupied, with anchor tenancy by Providence Health, a leading national not-for-profit Catholic health system. The building has several complementary healthcare provider tenants offering synergistic services and is located on a highly trafficked corner in the fast-growing, affluent suburb of Cedar Mill on the edge of Beaverton.
“These properties are outstanding additions to our expanding and diversified portfolio as we continue to acquire superior quality medical outpatient buildings, delivering critical healthcare services by leading providers in areas with high demand,” said Christian Whipple, CEO of Elliott Bay.
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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