Blue Drake Capital launches second healthcare real estate fund

Blue Drake Capital, a privately held real estate investment and development company, has plans to raise $70 million for its second U.S. healthcare real estate fund, Blue Drake Med Fund II.

Fund II focuses on healthcare real estate, targeting acquisition and development opportunities in healthcare, dental and veterinary markets, aggregating properties in the Sun Belt region with an emphasis on Texas.

The fund will target properties ranging from medical office buildings, outpatient facilities including surgery centers, cardiac cath labs, endoscopy centers, imaging centers, veterinary hospitals and dental clinics, as well as build-to-suit developments within these property types.