Big Sky Medical has announced the acquisition of Lake Pointe Medical Plaza, a medical outpatient facility in Rockwall, Texas, US.
This off-market acquisition is a strategic move aimed at reinforcing the company’s focus on the growth of the portfolio.
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The facility, located on the campus of Baylor Scott & White Medical Center – Lake Pointe, includes two buildings with a total area of 46,359ft² and houses various medical professionals, encompassing Baylor Scott & White affiliates.
Big Sky Medical Acquisitions director Chris Morgan said: “We are excited to add Lake Pointe Medical Plaza to our portfolio.
“This property perfectly aligns with our investment strategy, focusing on high-quality healthcare assets that offer stable cash flow and significant value-add opportunities. Its prime location on the Baylor campus, in one of Texas’s most economically robust and fastest-growing communities, makes it an exceptional addition to our expanding portfolio.”
Rockwall County has witnessed a 6.5% population increase in the last year, with the community now exceeding 8.3 million people.
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By GlobalDataThe firm’s move highlights its resilience and strategic approach to addressing current credit market intricacies.
Big Sky leasing associate Nabil Arabi said: “Lake Pointe Plaza presents an exciting opportunity for growing practices to establish themselves on the campus of Baylor Scott & White – Lake Pointe Hospital, at the centre of a rapidly expanding patient population.”
The investment strategy for the acquisition includes leasing the remaining 26% vacant space to medical specialities that will complement tenant base already existing, thereby creating a synergistic care ecosystem.
Big Sky Medical also plans targeted capital improvements to improve the appeal of the property.
