Ridgeline Capital Partners announced on December 18 that it acquired a medical office building (MOB) in Dallas, Texas.
The building is an on-campus four-story, 44,045-square-foot MOB. The property is located at the entrance to the White Rock Medical Center campus and is 94% leased to a diverse roster of healthcare providers.
Ridgeline Capital Partners is a private equity firm based in Dallas that acquires and operates healthcare real estate assets. The company is focused on medical office buildings, ambulatory surgery centers and behavioral health facilities.
This is Ridgeline Capital Partners’ first transaction of the year. The JLL Capital Markets served as exclusive advisor to the seller and was led by Senior Managing Director Brian Bacharach and Director Vasili Davos. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 189th MOB acquisition of the year.
