Pantheon, which launched its real estate strategy in July 2021, has partnered with Elliott Bay Capital Trust to acquire healthcare properties across the US.

Pantheon said the joint venture with the healthcare-focused real estate company would focus on assets leased to physician groups, specialist providers, hospitals and health systems.

The latest partnership is the third deal completed by Pantheon’s real estate team since its launch in 2021. The previous deals involved investments in single-family rental housing and grocery-anchored, neighborhood retail.

Roman Braslavsky, partner and Pantheon’s head of real estate, said: “As liquidity remains challenging in the real estate capital markets, Pantheon is well-positioned to be a preferred partner on recapitalisations, growth capital and operating company support.

“Looking ahead, we see a growing opportunity to partner with specialised owner-operators to provide flexible, programmatic capital solutions in sectors benefiting from strong secular tailwinds and that offer defensive characteristics across market cycles.”

Christian Whipple, CEO of Elliott Bay, said: “We are excited to form this partnership with a highly experienced institutional partner and to leverage our expertise and significant capital resources to drive durable long-term value in our real estate investments in a partnership approach with healthcare providers. 

“Elliott Bay has been investing exclusively in healthcare real estate for more than a decade and this is another great step forward in the growth of our platform.”

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