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 Carrollton, Ohio. Elliott Bay acquired the 34,085-square-foot property through a sale-leaseback transaction with The Aultman Foundation, a leading not-for-profit health system serving Northeast Ohio.
The facility was purpose-built by Aultman Health and serves as a key outpatient medical hub for Carroll County. As part of the transaction, Aultman has entered into a new long-term lease and will reinvest significant proceeds into capital improvements at the facility to support continued delivery of essential healthcare services demonstrating its long-term commitment to the market.
“This acquisition exemplifies our strategy of partnering with high-quality health systems on mission-critical outpatient facilities,” said Christian Whipple, CEO of Elliott Bay Capital Trust. “Aultman is deeply embedded in the Carroll County market, and this facility has served as the community’s primary outpatient medical hub for more than 25 years. Aultman Health’s long-term lease commitment and continued capital investment reinforce the importance of this facility as an essential access point for care.”
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 $76 billion in discretionary assets under management (as of March 31, 2025). 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.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
