News release

Medical office buildings in Georgia, Washington and Idaho trade for $22.5M

JLL Capital Markets closed the sale of the 5-property healthcare portfolio occupied by DaVita Dialysis

October 12, 2022

Cierra Lacasse

Hotels & Hospitality and Capital Markets
+ 1602 648 8701

BOSTON, October 12, 2022 – JLL Capital Markets announced today that it has closed the $22.5 million sale of five, fully leased medical office properties totaling 72,158 square feet in Atlanta, East Point and Macon, Georgia; Pasco, Washington; and Twin Falls, Idaho.

JLL represented the seller, an entity managed by Platform Ventures, in the sale to Ridgeline Capital Partners, LLC.

The portfolio is 82% occupied by DaVita Dialysis, one of the largest providers of kidney dialysis services in the United States with a market share of 37%. The remaining square footage is leased by Southwest Atlanta Nephrology, a respected medical care provider in the area that synergizes with DaVita Dialysis through referrals between the businesses. The properties include:

  • 3620 Martin Luther King Jr. Dr. SW, Atlanta
  • 2669 Church St., East Point
  • 2494 Second St., Maco
  • 6825 Burden Blvd., Pasco
  • 582 N. Pole Line Road, Twin Falls

All locations have been built or renovated in the last 15 years. Each building is in a dense retail corridor and sits close to or within a major metro area. As a result, the properties benefit from strong local demographics.

The JLL Capital Markets and Industrial Brokerage team representing the seller was led by Managing Director Brannan Knott, Senior Managing Director Alex Sharrin, Director Alex Geanakos, Associate Jeffrey Cicurel and Analyst Will Bowater.

“Dialysis is viewed very favorably by healthcare investors as a non-cyclical and non-discretionary, life-sustaining treatment and the only healthcare treatment backed by the U.S. Government through Medicare entitlement regardless of age or income,” said Knott. “Dialysis is a segment that benefits from aging demographic trends and increasing incidence of end-stage renal disease in the United States further driving patient demand. This transaction exemplified these characteristics and presented a great opportunity to invest in the segment with scale.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Platform Ventures

Platform Ventures is a value-oriented middle-market real estate investment firm with $2.7 billion[1] in assets under management. Platform Ventures utilize various investment platforms to apply its market and sector expertise, to unlock value by scaling attractive businesses, and to provide programmatic capital to select partners in an otherwise inefficient joint venture capital market with the goal of meeting its investors’ specific risk and return expectations.

[1] As of June 30, 2022; includes assets managed by our affiliates who are not registered investment advisers and this amount does not represent Regulatory Assets Under Management as defined by the SEC. SEC registration does not imply a certain level of skill or training.

About Ridgeline Capital Partners, LLC

Ridgeline is a private equity firm specializing in the acquisition and ownership of medical office buildings, ASCs, and behavioral health facilities across the United States.  For more information, please visit