Pantheon Deals for Smaller-Format Outpatient Facilities
It will lease to leading national and regional health systems.
David Elliott, managing director of Pantheon’s real estate group, sees tremendous long-term opportunity in the healthcare real estate space and this week made good on that perspective by striking a deal for smaller-format outpatient facilities.
It announced it is partnering with Elliott Bay to launch a platform targeting that segment, one that “is crucial to the patients and communities they serve by offering care in more convenient settings, according to a release.
This third deal made by Pantheon since 2021 will prioritize single- and multi-tenant outpatient healthcare facilities leased to leading national and regional health systems, as well as specialized medical service providers with dominant market positioning and strong operating fundamentals.
Previously, it invested in single-family rental housing and grocery-anchored, neighborhood retail.
“All three transactions follow Pantheon’s strategy of targeting needs-based property sectors that we believe can benefit from portfolio aggregation and specialized asset management,” the company said in a release.
Christian Whipple, CEO, Elliott Bay, said in prepared remarks, “Elliott Bay has been investing exclusively in healthcare real estate for more than a decade and this is another great step forward in the growth of our platform.”