Baltimore Office · Vertical

Health Districts

Purpose-built medical office, ambulatory, and life-science campuses anchored to major health-system tenancy.

Purpose-built medical office, ambulatory, and life-science campuses anchored to major health-system tenancy. We invest where physical infrastructure meets 20-year demographic tailwinds and reimbursement durability.

Focus Areas

Where we underwrite conviction.

01

Medical Office

On-campus and near-campus MOB serving academic and community health systems with long-duration triple-net leases.

02

Ambulatory Surgical

ASC campuses aligned with the multi-decade shift from inpatient to outpatient care.

03

Life Science

Wet-lab and R&D purpose-built space for biotech and pharma tenants.

04

Senior Care Real Estate

IL/AL/MC campuses in high-density retirement-migration markets, land-owned.

Platform Metrics

By the numbers.

$56B
Committed across MOB, ASC, and life-science
32 campuses
Health-district portfolio
11.4 yr
Weighted average lease term
A-
Weighted tenant credit (representative)
Regional Office

Baltimore, MD

Health Districts Vertical
6801 Kenilworth Ave., Suite 300, Riverdale, MD 20737
Fund Platform

Funds & Allocations

Funds
2
Total Allocation
$56B
FundFund Size
PCC Health Districts Fund I$28B
PCC Health Districts Fund II$28B
Total — Health Districts$56B
Illustrative — Representative Asset

Riverdale Health District Anchor

Prince George's County, MD
310,000 SF medical office + ambulatory · 4 stories · attached parking · adjacent to major system

Class A MOB with 15-year initial lease and rent escalators, positioned to serve the DMV's expanding Medicaid managed-care population.

Anchor tenant: Regional academic health system (representative)

Market Context

Underwriting environment

Real-world data grounding the thesis
$4.9T
U.S. healthcare spending 2023
6.7% cap
MOB average Q4 2024
+22M
U.S. adults 65+ added by 2035

Serious capital for health districts.

Qualified LPs and institutional partners can request the full data room and current allocation window.

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