Big Sky Asset Management Acquires Healthcare Facility In Dallas-Fort Worth-Arlington Metro Area, Commencing Partnership With Clarion Partners

Big Sky Asset Management, LLC (“Big Sky”) has announced the acquisition of a 38,000-square-foot inpatient rehabilitation facility located at 2813 S. Mayhill Road in Denton, Texas.

The purchase was completed in partnership with Clarion Partners LLC (“Clarion Partners”), a leading U.S. real estate investment manager with more than $72 billion in assets under management.

The property is fully leased to an affiliate of Baylor Scott & White Health, the largest not-for-profit health system in Texas, under a long-term triple-net lease that includes annual rent escalations. Originally built in 2006 and expanded in 2017, the facility is strategically positioned adjacent to Medical City Denton, a 208-bed acute care hospital operated by HCA Healthcare, as well as Baylor Scott & White Heart Hospital – Denton.

Denton is part of the rapidly expanding Dallas-Fort Worth-Arlington metropolitan area, one of the fastest-growing regions in the United States. Ongoing population growth and an aging demographic are expected to drive sustained demand for healthcare services in the market.

“Outpatient medical and inpatient rehabilitation services are supported by strong long-term demographic trends and continued shifts in care delivery,” said Julie Robinson, Head of Healthcare at Clarion Partners. “This acquisition aligns with our strategy of investing in healthcare assets with durable fundamentals, prime locations, high-quality tenants, and long-term growth potential. We are pleased to partner with Big Sky, whose operational expertise and strategic approach will help maximize the asset’s value.”

“This transaction marks our first partnership with Clarion Partners, and we are excited to collaborate with a firm that shares our belief in the resilience and importance of healthcare real estate,” said Jason Signor, CEO of Big Sky Asset Management. “The acquisition underscores our focus on essential healthcare assets in high-growth markets, supported by leading operators. Baylor Scott & White’s strength as a tenant, combined with the property’s proximity to major healthcare institutions, creates a highly attractive long-term investment.”

This acquisition further expands Big Sky’s growing healthcare portfolio and strengthens its presence in the Dallas-Fort Worth market. Over the past 90 days, the firm has completed five acquisitions totaling more than $100 million.

About Big Sky Asset Management, LLC

Big Sky Asset Management is a Dallas-based real estate investment firm specializing in healthcare properties across the United States. The firm manages approximately $1.2 billion in assets, encompassing 48 properties across 17 states and more than 3.3 million square feet of medical real estate. Its portfolio includes medical office buildings, ambulatory surgery centers, specialty hospitals, and clinics leased to established healthcare providers. Big Sky combines disciplined underwriting with hands-on operational expertise and invests alongside its partners to ensure alignment of interests.

About Clarion Partners

Clarion Partners LLC, founded in 1982 and headquartered in New York, is a leading U.S. real estate investment manager with over $72 billion in assets under management. The firm serves approximately 500 institutional investors worldwide and invests across a wide range of strategies. Its healthcare platform includes senior housing, medical office, inpatient rehabilitation, and related assets. Clarion Partners operates as an independent specialist investment manager of Franklin Templeton.

Source: HREI