New Texas real estate firm will target healthcare properties
New Texas real estate company Fidelis Healthcare Partners, an affiliate of Fidelis Realty Partners, has plans to develop and purchase medical properties.
Fidelis Healthcare Partners will focus on developing and acquiring high-quality medical properties both on and off campus for preferred client relationships. As an affiliate of Houston-based Fidelis Realty Partners Ltd., the new venture will also leverage that firm’s retail portfolio and expertise to capitalize on the growing trend toward the “retailization” of healthcare.
Whether developing or acquiring healthcare real estate assets at traditional locations or in more retail-oriented sites, Fidelis Healthcare Partners will be able to capitalize the venture through a formalized investment program with Bentall Kennedy, a prominent real estate investment manager with experience in the healthcare sector.
Kevin O’Neil and Mark Allyn head the firm. O’Neil joined Trammell Crow Co. in 1987 and was a founding partner of that company’s healthcare real estate and development business, Trammell Crow Healthcare Services, in 1999. In 2004, he helped launch Partners Health Trust (PHT), a subsidiary of Trammell Crow Co. Allyn, who joined Trammell Crow in 2001, was also involved with PHT from its inception and ultimately served as president and CIO.
From 2004 through 2015, Allyn and O’Neil teamed on many healthcare pursuits and developments to build a substantial business. Allyn managed and led the growth of PHT (Partners Health Trust), which focused primarily on new development and select acquisitions to assemble one of the highest-quality medical office building (MOB) portfolios in the nation.
The 17-asset, 1.4 million-square-foot PHT portfolio was sold earlier this year.
Fidelis Realty Partners is a full-service real estate firm that develops, acquires, owns and manages real estate assets throughout the Southwestern United States.
