Big Sky Medical has announced its acquisition of Hillcrest Medical Park, a 31,661-square-foot outpatient facility located at 4500 Hillcrest Rd in Frisco, Texas. The deal marks the company’s continued focus on expanding its healthcare real estate portfolio in markets characterized by strong demographic and economic fundamentals.

Situated in Collin County, widely recognized as one of Texas’s most dynamic regions, Hillcrest Medical Park offers a diverse mix of established medical tenants. It provides immediate opportunities for new practices, with move-in-ready, second-generation medical spaces available for prospective healthcare providers. The property is strategically positioned in a healthcare corridor that continues to attract significant demand as Frisco and its surroundings experience rapid growth.

In the past five years, Frisco has witnessed a population surge of approximately 27%, making it one of the fastest-growing municipalities in the United States. This rapid expansion has helped create a robust medical ecosystem and a diversified local economy, enhancing the strategic significance of Hillcrest Medical Park within Big Sky Medical's portfolio.

The acquisition aligns with Big Sky Medical’s investment strategy, which targets healthcare real estate assets that feature stable cash flow, value-add potential, and prospects for long-term growth across key metropolitan statistical areas. The facility is expected to serve as a cornerstone in the company’s North Texas presence and as a vital addition to its nationwide assets, which include millions of square feet of specialized healthcare and medical outpatient facilities.

Chris Morgan, Director of Acquisitions at Big Sky Medical, underscored the importance of the new property for the firm, stating that his team is particularly enthusiastic about Hillcrest Medical Park's prime location and strong existing tenant base. Harrison Horowitz, Managing Director, emphasized the commitment to strengthening the company’s footprint in North Texas through strategic acquisitions such as this one.

This move showcases Big Sky Medical’s continued initiative in identifying and securing healthcare real estate with robust demographic support and economic resilience. The firm’s portfolio strategy aims to provide both stable income streams and opportunities for value enhancement within the healthcare sector.

For further information, inquiries can be directed to Nabil Arabi, Associate at Big Sky Medical, reachable by email at nabil@bigskymed.com or by phone at 469-949-8294.

Additional details about the transaction can be found in official press releases from Yahoo Finance and GlobeNewswire.