Blue Drake Capital’s Fund I invests in medical office properties strategically located in strong medical submarkets in the U.S.  Management focuses on medical office buildings and outpatient facilities (e.g., surgery centers, cardiac catheter labs, endoscopy centers, eye centers, and retail clinics).  With an aging population and service migration away from acute care centers, these sub-markets are expected to stay strong.  Investment sizes of properties are typically $5mm-$15mm, with an emphasis on opportunities providing current yield and value-add opportunities.  To determine long-term viability, high importance is placed on understanding local demographic patterns and the strength/growth strategies of local healthcare providers.  Management has built a strong national network of real estate intermediaries, healthcare providers, healthcare valuation groups, private investors, and finance partners in sourcing off-market opportunities.  As part of HFI’s and Blue Drake Capital’s ongoing strategic relationship, HFI has one seat on the company’s advisory board.