Dallas investor gets online funding to buy North Texas medical buildings

A Dallas investment firm has purchased 10 North Texas medical buildings. And it made the acquisition with money raised through an online commercial real estate investment marketplace. Ridgeline Capital Partners bought the buildings — all in Tarrant County. The properties are all occupied by U.S. Renal Care, a dialysis center operator, and PPG Health, a multispecialty health-care organization. To help fund the purchase, Ridgeline Capital Partner obtained $5.3 million from 79 investors on the CrowdStreet online fundraising platform. “This was Ridgeline’s third offering on the CrowdStreet marketplace and, as I suspected, the deal was a good fit for CrowdStreet’s investment team and the individual investors who chose to participate,” Jeffrey Axley, founder and managing principal of Ridgeline Capital Partners, said in a statement. “The portfolio is 100% net leased, nicely cash flowing, with tenants that provide medical services that are needed in any economic environment. Click to read more at www.dallasnews.com.