A private real estate investment firm specializing in medical facilities in the Baltimore and washington metropolitan areas
Baltimore REIT was formed in 2018 by investment professionals with deep contacts in the finance and healthcare sectors in the Maryland area. With significant access to the political and regulatory landscape via our network, we are uniquely positioned to acquire undervalued assets with strong return potential.
Our portfolio managers will create value in four main areas:
- Improvements to building systems which lower costs, optimize energy efficiency, and have rapid payback periods
- Deployment of technology to improve productivity and operational efficiency
- Expanding the breadth of services at the facilities
- Rationalizing operations with lower profitability
The fund will target single-tenant buildings leased to leading hospitals, universities, government agencies, and healthcare companies. We will also target multi-tenant buildings with doctors, dentists, and hospital tenants.
Types of Properties We Seek To Acquire
- Property values between $5 million and $25 million
- Cap rates above 9.5%
- Three years of operating history with verifiable tenant cash flows
- Located in areas with favorable demographics
- Properties that can benefit from tax-free zones or tax credits
- Assets being sold as part of litigation or restructurings
We expect to launch our first fund, Medical Offices Fund I, in the first quarter of 2019 and it will only be available to accredited investors. The fund will target annual returns of 20% over a five to ten year time horizon. Please contact email@example.com for more information.
Hospitals and Medical Offices
Diabetes Care Facilities
Frequently Asked Questions
what is baltimore reit?
Baltimore REIT is a private investment manager that operates investment vehicles related to healthcare real estate in the state of Maryland, with a special focus on the city of Baltimore.
who owns baltimore reit?
The assets of the individual investment vehicles are owned by the fund’s investors. Baltimore REIT is paid a fee for managing the assets on the investor’s behalf. Baltimore REIT (the investment manager) is a wholly-owned subsidiary of Ashton Global LLC, a New York-based investment firm.
Where does the fund get its money to invest?
Baltimore REIT raises capital via private placement offerings from institutional and accredited investors. The capital raised is used to invest in healthcare-related real estate in the Maryland area. The portfolio managers are also required to invest in the funds that they manage.
what types of assets does the company acquire?
Our firm will generally target single-tenant buildings leased to leading hospitals, government agencies, healthcare systems, and healthcare companies. We will also target multi-tenant buildings with doctors, dentists, and hospital tenants.
who is responsible for managing the assets?
Ashton Global is the sub-advisor for Baltimore REIT and is paid a fee under the terms of a service agreement to identify acquisition targets, perform due diligence, and to originate and monitor transactions on behalf of the fund’s investors.
Ashton Global has a fiduciary duty to the investors in the funds that it manages for Baltimore REIT. Ashton Global and Baltimore REIT receive no other compensation than from the management fees and performance fees that are detailed in the funds prospectus.
what is the average deal size for acquisitions?
Average deal sizes (“equity checks”) are expected to range in the $1 million to $5 million, with property values between $5 million and $25 million.
does the fund only invest in baltimore?
We invest in across the state of Maryland including the Baltimore and Washington DC metropolitan areas.
what is the fund's capacity and fee structure?
Baltimore REIT’s first investment vehicle, Medical Offices Fund I, will have a capacity of $180 million. The fee structure will consist of a 2% management fee and a 20% performance fee, subject to hurdle rate and high watermark.
ashton Global llc
please register for our upcoming investor forum
“Healthcare Real Estate – Investing With an Impact”
Pier V Hotel, Baltimore, Maryland
June 27, 2020
8am – 5pm
more about healthcare reits and investing in medical offices
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. Any decision to invest in Ashton Global funds should be made on the basis of the current prospectus, which is available on request at firstname.lastname@example.org. Read the prospectus carefully before investing.
All investing involves risk, including potential loss of principal. There is no guarantee that the fund will achieve its objective. Investing in private markets can involve risks such as having less publicly available information and less liquidity than in the case of public markets. Overweighting investments in certain sectors or industries, such as healthcare, increases the risk of loss due to general declines in the fundamentals or valuations in those sectors or industries.