Portfolio

Source

Ridgeline had a relationship with the local seller

Asset Overview

• Six-story Medical Office Building totaling 90,000 square feet
• Class B asset constructed in 1985 and extensively renovated prior to purchase
• Class A location in Fort Worth medical district

Investment Thesis

• Continue leasing momentum amidst rapid gentrification in area
• Seller needed a qualified buyer who understood healthcare real estate
• Ridgeline created additional value through updates to the lobby, common areas, and vacant suites attracting best in class healthcare tenancy

Outcome

Occupancy increased from 80% to 90% over 30 months then sold

Source

Broker brought the softly marketed opportunity to Ridgeline

Asset Overview

• Single-story Medical Office Building totaling 43,119 square feet
• Class A, “retail-style” building constructed in 2013
• Well located in the Flower Mound medical district, just south of THR Hospital

Investment Thesis

• Acquire the class A property in a strong demographic area, negotiate reasonable pricing due to the seller’s master lease
• Lease property to 100% occupancy and capture future appreciation gains due to the property’s location in rapidly growing Flower Mound

Outcome

Occupancy increased from 91% to 100% then sold

Source

Relationship with broker who softly marketed the offering

Asset Overview

• Three-story Medical Office Building totaling 56,500 square feet
• Class A, constructed in 2013
• Well located in the Fort Worth medical district, near six major hospitals

Investment Thesis

• Obtain favorable cost basis through acquiring the controlling Membership interest as a solution to the seller’s needs, which limited bidding competition
• Create value through pro-active leasing, management, and minor aesthetic upgrades

Outcome

Occupancy increased from 71% to 95% over 6 months then sold