{"id":1004201137,"date":"2017-12-19T09:45:28","date_gmt":"2017-12-19T17:45:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201137"},"modified":"2022-12-08T19:37:32","modified_gmt":"2022-12-09T03:37:32","slug":"san-antonio-medical-center-changes-ownership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-antonio-medical-center-changes-ownership\/","title":{"rendered":"San Antonio Medical Center Changes Ownership"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<div id=\"attachment_1004201151\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/2130-Pic.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004201151\" data-attachment-id=\"1004201151\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-antonio-medical-center-changes-ownership\/2130-pic\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/2130-Pic.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2130 Pic\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Connally Oaks Medical Center, San Antonio&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/2130-Pic.jpg?w=800\" class=\"wp-image-1004201151 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/2130-Pic.jpg\" alt=\"Connally Oaks Medical Center, San Antonio\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/2130-Pic.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/2130-Pic.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/2130-Pic.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004201151\" class=\"wp-caption-text\">Connally Oaks Medical Center, San Antonio<\/p><\/div>\n<p>Ridgeline Capital Partners acquired the Connally Oaks Medical Center in San Antonio, south of the Northeast Baptist Hospital. The deal marks the company\u2019s seventh acquisition since its launch in early 2014.<\/p>\n<p>Built in 2008, the three-story, 42,000-square-foot Connally Oaks Medical Center is situated a 2130 NE Loop 410. The class A asset is 95 percent occupied by eight medical practices on <a href=\"https:\/\/www.commercialsearch.com\/news\/nothing-but-net\/\">triple-net leases<\/a>, anchored by a national oncology group. Other tenants include primary care, physical therapy, neurology, podiatry, dentistry and pain management specialists.<\/p>\n<h2>Compelling asset<\/h2>\n<p><em>\u201cThis acquisition was attractive for us due to the property\u2019s strategic location, high visibility, strong tenants and institutional quality construction,\u201d<\/em> Jeff Axley, Ridgeline\u2019s founder\u00a0&amp; managing principal, said in prepared remarks.<\/p>\n<p><em>\u201cThe high-quality construction and highly specialized uses make this a compelling asset for us. The purpose-built cancer center, which includes a linear accelerator vault, offers leading-edge treatments in medical and radiation oncology and chemotherapy. The oncology group\u2019s proven long-term commitment combined with other best-in-class providers on the second and third floors, makes this a very attractive asset,\u201d<\/em> added Hunter Cain, Ridgeline\u2019s senior vice president.<\/p>\n<p>The transaction falls under the company\u2019s mission, which entails the acquisition of healthcare facilities in Texas and across the sun Belt with more than 40,000 square feet and occupancies ranging from 50 to 100 percent.<\/p>\n<p><em>Image courtesy of Ridgeline Capital Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The three-story, 42,000-square-foot medical facility was 95 percent leased to eight medical practices on triple-net leases.<\/p>\n","protected":false},"author":237,"featured_media":1004201151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,21742,1607],"tags":[38638],"class_list":["post-1004201137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-latest","category-san-antonio","tag-ridgeline-capital-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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