Key Takeaways
- • Big Sky Asset Management completed five healthcare real estate acquisitions totaling more than $100 million within a 90-day period, demonstrating rapid deployment across high-growth Texas markets.
- • Portfolio spans approximately 196,000 square feet across five properties including a 94,095-square-foot surgical hospital in Corpus Christi, dual ambulatory surgery centers in Plano and San Antonio, a 31,703-square-foot multi-tenant medical outpatient building in Frisco, and a 38,000-square-foot inpatient rehabilitation facility in Denton.
- • All acquired assets are fully leased to established healthcare operators under long-term triple-net lease structures with contractual annual rent escalations, providing stable cash flow and mission-critical healthcare delivery positioning.
- • Properties strategically located adjacent to or near major acute-care hospitals and regional medical centers, including assets affiliated with Baylor Scott & White Health and anchored by specialized medical practices serving 13+ tenants in high-density locations.
- • Transactions executed with four separate institutional capital partners across five distinct sellers, signaling strong investor appetite for healthcare real estate in Texas markets.
Summary
Big Sky Asset Management, a Dallas-based real estate fund founded in 2020, announced on March 5, 2026 the completion of five healthcare real estate acquisitions totaling more than $100 million over the preceding 90 days. The rapid deployment across multiple asset classes and geographies underscores institutional confidence in the healthcare real estate sector and Big Sky's operational execution capabilities.
The portfolio encompasses approximately 196,000 square feet of medical real estate strategically distributed across five high-growth Texas markets. The acquisitions include a 94,095-square-foot surgical hospital in Corpus Christi positioned on a major acute-care hospital campus, a 20,028-square-foot ophthalmology-focused ambulatory surgery center paired with a medical outpatient building in Plano near a leading regional medical center, a 12,270-square-foot gastroenterology ambulatory surgery center in San Antonio adjacent to a 284-bed hospital, a 31,703-square-foot multi-tenant medical outpatient building in Frisco serving thirteen specialized medical practices, and a 38,000-square-foot inpatient rehabilitation facility in Denton affiliated with Baylor Scott & White Health.
Each property is fully leased to established healthcare operators under long-term triple-net lease structures, a structure that transfers property taxes, insurance, and maintenance obligations to tenants while securing contractual annual rent escalations for the landlord. This arrangement provides stable and predictable cash flow underpinned by mission-critical healthcare delivery operations. The transactions involved four separate institutional capital partners and five distinct sellers, indicating broad market participation and Big Sky's ability to source and execute deals across multiple counterparty relationships simultaneously.
The geographic concentration in Texas, coupled with the strategic positioning of each asset adjacent to or within major hospital systems, provides operational synergies and tenant stability. The portfolio's diversification across surgical hospitals, ambulatory surgery centers, inpatient rehabilitation facilities, and multi-tenant medical outpatient buildings reduces concentration risk while maintaining exposure to high-demand healthcare delivery infrastructure.
The portfolio encompasses approximately 196,000 square feet of medical real estate strategically distributed across five high-growth Texas markets. The acquisitions include a 94,095-square-foot surgical hospital in Corpus Christi positioned on a major acute-care hospital campus, a 20,028-square-foot ophthalmology-focused ambulatory surgery center paired with a medical outpatient building in Plano near a leading regional medical center, a 12,270-square-foot gastroenterology ambulatory surgery center in San Antonio adjacent to a 284-bed hospital, a 31,703-square-foot multi-tenant medical outpatient building in Frisco serving thirteen specialized medical practices, and a 38,000-square-foot inpatient rehabilitation facility in Denton affiliated with Baylor Scott & White Health.
Each property is fully leased to established healthcare operators under long-term triple-net lease structures, a structure that transfers property taxes, insurance, and maintenance obligations to tenants while securing contractual annual rent escalations for the landlord. This arrangement provides stable and predictable cash flow underpinned by mission-critical healthcare delivery operations. The transactions involved four separate institutional capital partners and five distinct sellers, indicating broad market participation and Big Sky's ability to source and execute deals across multiple counterparty relationships simultaneously.
The geographic concentration in Texas, coupled with the strategic positioning of each asset adjacent to or within major hospital systems, provides operational synergies and tenant stability. The portfolio's diversification across surgical hospitals, ambulatory surgery centers, inpatient rehabilitation facilities, and multi-tenant medical outpatient buildings reduces concentration risk while maintaining exposure to high-demand healthcare delivery infrastructure.
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