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A new Texas real estate company – Fidelis Healthcare Partners – plans to develop and purchased medical properties.
The company with offices in Dallas and Houston will also target retail properties for use with healthcare tenants.
The new firm is an affiliate of Houston-based Fidelis Realty Partners.
"Fidelis Realty Partners owns a lot of retail property with strategically located developable land in both the Houston and D-FW markets," Fidelis Healthcare’s CEO Kevin O’Neil said in a statement. "As the retailization of healthcare continues, those retail locations might very well prove to be ideal for healthcare projects large and small.
"What makes for good retail generally makes for a good payer mix and a good healthcare location."
O’Neil and Mark C. Allyn – both former Trammell Crow Co. and CBRE executives – set up the new medical real estate company this summer.
The new firm is working in a venture agreement with Bentall Kennedy, an international real estate investment manager.
"This will be an ongoing, programmatic healthcare real estate development and acquisition joint venture partnership with a significant amount of capital to be deployed as we uncover opportunities," O’Neil said.
Fidelis Realty Partners has been in business for more than 15 years, and owns more than $3 billion in retail properties mostly in Houston and D-FW area.
The company owns almost a half dozen large North Texas shopping centers, including Rayzor Ranch in Denton.