Key Takeaways
- • Big Sky Medical acquired RidgeWood Medical Center I & II in San Antonio, Texas, marking the third and fourth properties added to Big Sky Fund III since the fund's December 2025 launch.
- • RidgeWood Medical Center comprises 29,022 square feet across two buildings with 92% occupancy and a 7.7-year weighted average lease term, anchored by WellMed (a UnitedHealth Group subsidiary) occupying approximately 62% of the campus.
- • Big Sky Fund III is an open-ended evergreen fund structured to provide both stable income and long-term growth, with flexible investment options including 1031 exchange accommodations for tax-efficient capital deployment.
- • The San Antonio property is strategically positioned within 1.5 miles of Methodist Hospital – Stone Oak, providing durable in-place cash flow from high-quality healthcare provider tenants while maintaining upside leasing opportunity.
- • This acquisition accelerates Big Sky Medical's institutional-quality healthcare real estate portfolio expansion and reflects investor confidence in the firm's core-plus and value-add medical property strategy across major U.S. markets.
Summary
Big Sky Medical announced the acquisition of RidgeWood Medical Center I & II in San Antonio, Texas, expanding its institutional healthcare real estate platform through Big Sky Fund III. The transaction adds the third and fourth properties to the firm's open-ended evergreen fund, which launched in December 2025. The dual-building medical outpatient campus totals 29,022 square feet and represents a strategic addition to Big Sky's nationwide portfolio as the firm accelerates investment deployment within the healthcare sector.
The RidgeWood Medical Center property demonstrates strong fundamental characteristics that align with Big Sky Fund III's investment thesis. The asset maintains 92% occupancy with a weighted average lease term of 7.7 years, providing durable in-place cash flow. The property is anchored by WellMed, a wholly owned subsidiary of UnitedHealth Group, which leases approximately 62% of the campus under a long-term agreement. This tenant composition reflects the quality-of-anchor emphasis in Big Sky's healthcare real estate strategy. The property also houses Family Care Center and maintains remaining leasing opportunity within San Antonio's premier medical corridor, positioned less than 1.5 miles from Methodist Hospital – Stone Oak.
Big Sky Fund III was designed with a dual income and growth strategy to provide investors with institutional-quality healthcare real estate exposure while offering flexible investment structures tailored to diverse investor needs. A key differentiator is the ability to deploy capital through 1031 exchange proceeds, creating a tax-efficient solution for real estate investors seeking long-term healthcare sector exposure. The fund's architecture reflects Big Sky Medical's market positioning as a relationship-driven firm specializing in sourcing off-market healthcare assets, particularly medical offices, clinics, ambulatory surgery centers, and related healthcare facilities. This acquisition activity underscores investor confidence in the firm's sourcing capabilities and healthcare real estate strategy within an institutional investment context.
The RidgeWood Medical Center property demonstrates strong fundamental characteristics that align with Big Sky Fund III's investment thesis. The asset maintains 92% occupancy with a weighted average lease term of 7.7 years, providing durable in-place cash flow. The property is anchored by WellMed, a wholly owned subsidiary of UnitedHealth Group, which leases approximately 62% of the campus under a long-term agreement. This tenant composition reflects the quality-of-anchor emphasis in Big Sky's healthcare real estate strategy. The property also houses Family Care Center and maintains remaining leasing opportunity within San Antonio's premier medical corridor, positioned less than 1.5 miles from Methodist Hospital – Stone Oak.
Big Sky Fund III was designed with a dual income and growth strategy to provide investors with institutional-quality healthcare real estate exposure while offering flexible investment structures tailored to diverse investor needs. A key differentiator is the ability to deploy capital through 1031 exchange proceeds, creating a tax-efficient solution for real estate investors seeking long-term healthcare sector exposure. The fund's architecture reflects Big Sky Medical's market positioning as a relationship-driven firm specializing in sourcing off-market healthcare assets, particularly medical offices, clinics, ambulatory surgery centers, and related healthcare facilities. This acquisition activity underscores investor confidence in the firm's sourcing capabilities and healthcare real estate strategy within an institutional investment context.
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