On July 21, Blue Ridge Capital Fund announced that it acquired a Lexington, North Carolina medical outpatient building (MOB).
The MOB comprises 13,466 square feet. It is anchored by Triangle Family Dentistry, which is operated by Light Wave Dental Management, and has committed to a 10-year lease for 6,500 square feet.
Blue Ridge Capital Fund is a real estate investment fund focused on sustainable, healthcare-anchored commercial real estate in high-growth secondary and tertiary U.S. markets. It was launched by AB&B Commercial Real Estate.
This marks Blue Ridge Capital Fund’s sixth transaction since November 2024, according to the press release. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 110th MOB acquisition of the year. Throughout 2024, 212 MOB transactions were reported and 198 in 2023. This also marks the eighth MOB to be purchased in North Carolina since the start of the year.
