Investments

Our Approach

Elliott Bay invests in mission-critical healthcare real estate assets that are positioned to provide high quality services and satisfy the demands of the future of health care delivery.

We invest in on- and off-campus buildings leased by leading specialty care providers, health and hospital systems and established physician groups. We have a core specialization and extensive experience in properties leased to dialysis providers.

Our team has acquired and developed more than 100 healthcare properties since the end of 2013 and is the leading acquirer of dialysis real estate in the U.S. We are actively seeking to acquire single assets or portfolios of healthcare properties through direct purchases of net leased properties or sale-leaseback financing transactions.

Elliott Bay partners with healthcare providers and systems by providing capital to allow them to monetize and unlock the value of their real estate assets and refocus financial resources on core operations so that they may provide the highest quality of care in the most efficient manner to best serve their patients, communities and payers.

INVESTMENT TYPE

Acquisitions
Sale-lease Back Transactions
Build-to-Suit Developments
Developer Financing and Forward Acquisition program on new projects

INVESTMENT CRITERIA

Transaction Size:
$1 Million to $100 Million (single asset or portfolio)

Geography:
Nationwide

Lease Type:
Net lease (NN or NNN). Will consider other lease structures

Lease Term:
At least 3+ years remaining

Tenant Credit:
Rated Investment grade and sub-Investment grade tenants
Select unrated tenants that have strong balance sheets and income history and favorable unit level profitability

Our Advantages

Our deep healthcare industry knowledge, experience as a leading national acquirer of healthcare real estate properties and significant capitalization allows for:

Flexible transaction structuring
Fast underwriting and response time
Rapid ability to move through all transaction phases
All cash acquisitions with no financing required
Surety and expediency of transaction closing
Long-term investment approach