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Ridgeline Capital Partners, LLC, acquired a portfolio of medical office buildings, including three in GA, for $22.5 million.

Ridgeline Capital Partners Acquires $23M Portfolio of Dialysis-Provider Leased MOBs across Georgia

Ridgeline Capital Partners, LLC, has completed its $22.5-million acquisition of a 72,158-square-foot, fully leased medical office building portfolio that includes three properties in GA along with one each in WA and ID.

Brannan Knott, Alex Sharrin, Alex Geanakos, Jeffrey Cicurel and Will Bowater of JLL represented the seller, an entity managed by Platform Ventures. The properties include:

  • 3620 Martin Luther King Jr. Dr. SW, Atlanta, GA
  • 2669 Church St., East Point, GA
  • 2494 Second St., Macon, GA
  • 6825 Burden Blvd., Pasco, WA
  • 582 N. Pole Line Road, Twin Falls, ID

The portfolio is 82% occupied by DaVita Dialysis, one of the largest providers of kidney dialysis services in the US with a market share of 37%. The remaining square footage is leased by Southwest Atlanta Nephrology.

“Dialysis is viewed very favorably by healthcare investors as a non-cyclical and non-discretionary, life-sustaining treatment and the only healthcare treatment backed by the US government through Medicare entitlement regardless of age or income,” said Knott. “Dialysis is a segment that benefits from aging demographic trends and increasing incidence of end-stage renal disease in the United States further driving patient demand. This transaction exemplified these characteristics and presented a great opportunity to invest in the segment with scale.”

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JLL's Knott

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition