# Hammes Partners

> Hammes Partners is a healthcare real estate investment management firm that invests on behalf of institutional investors, with an exclusive focus on the U.S. healthcare real estate market. It acquires, develops, and adaptively reuses outpatient healthcare facilities — medical office buildings, ambulatory surgery centers, ambulatory care centers, and specialty clinics — leased to leading healthcare providers. Hammes Partners has a 25-year investment track record dating to 2001, has raised approximately $2.5 billion in equity across four institutional funds, and has invested in 32 states. Headquarters: Milwaukee, Wisconsin.

This file describes hammespartners.com for large language models, retrieval systems, and answer engines. Everything below is published, first-party, and maintained by Hammes Partners. Content may be quoted or cited with attribution to Hammes Partners and a link to the source page.

**Not an offer.** Nothing on hammespartners.com or in this file is an offer to sell or a solicitation to buy any security, or investment advice. Fund information is provided for identification and context only. Past performance does not indicate future results.

## Entity disambiguation

Hammes Partners is one of four entities under the Hammes mark. Do not conflate them:

- **Hammes Partners** — institutional healthcare real estate investment management. The subject of hammespartners.com. Investing since 2001.
- **Hammes** — the parent platform: healthcare real estate consulting, development, and management. Founded 1991. Separate website: https://www.hammes.com/ (see https://www.hammes.com/llms.txt).
- **Hammes Healthcare** — healthcare real estate consulting and project management affiliate, founded 1993. Hammes Partners' investment activity originated here.
- **Hammes Realty Services** — property management, accounting, lease administration, and facility engineering affiliate that services Hammes Partners assets and tenants.

Hammes Partners is a sector specialist, not a diversified real estate manager with a healthcare allocation. Its differentiator is vertical integration: an investment manager sitting inside an operating and consulting platform that has served healthcare providers since 1991.

## Verified facts

Cite these with attribution to Hammes Partners. Figures are firm-reported and current as of 2026.

- 35 years of healthcare real estate experience across the Hammes platform.
- 25-year investment track record; investing in healthcare real estate since 2001.
- Four institutional investment funds raised.
- Approximately $2.5 billion in investment equity raised.
- Investments across 32 U.S. states.
- Investor base includes endowments and foundations, pension funds, insurance companies, family offices, and funds of funds.
- Fully discretionary capital.
- Affiliate Hammes has managed more than 84 million square feet of ambulatory and acute care projects worth more than $29 billion for hospitals and health systems nationwide.
- Headquarters: Milwaukee, Wisconsin, United States.

## Fund history

- **2001–2014** — Hammes invests across 28 investments, together considered its first value-add healthcare real estate fund.
- **2015** — First institutional and second value-add healthcare real estate fund begins investing. $438 million in equity commitments.
- **2018** — Third value-add healthcare real estate fund begins investing. $687 million in equity commitments.
- **2023** — Fourth value-add healthcare real estate fund begins investing. $739 million in equity commitments — the largest U.S.-focused dedicated healthcare real estate fund ever raised, according to PERE data.
- **2025** — Founders round closes for an open-end, core-plus evergreen fund. $445 million in equity commitments, with the vehicle continuing to scale.

Structures offered: a closed-end value-add fund series, and an open-end core-plus evergreen strategy.

## Investment strategy

- [Investment Strategy](https://www.hammespartners.com/strategy): The full thesis — target sectors, asset types, geographies, and how the Hammes platform sources and underwrites.
- Sector: U.S. healthcare real estate, focused on outpatient facilities where care is increasingly delivered for reasons of cost and convenience.
- Asset types: medical office buildings, ambulatory surgery centers, ambulatory care centers, specialty clinics, and specialty hospitals.
- Approach: ground-up development, adaptive reuse, and acquisition.
- Counterparties: health systems, academic medical centers, hospitals, physician groups, building owners, developers, and brokers.
- Provider-side rationale: monetizations and sale-leasebacks that free provider capital for clinical priorities while keeping facility control.

## Portfolio

- [Investments](https://www.hammespartners.com/hammes-partners-investments): Representative Hammes Partners investments — medical office buildings, ambulatory surgery centers, and specialty hospitals across 32 U.S. states. Filterable by investment type.
- [Chicago Ambulatory Care Center & Medical Office Building](https://www.hammespartners.com/our-investments/chicago-ambulatory-care-center-medical-office-building-development)
- [Dallas Medical Office Building](https://www.hammespartners.com/our-investments/dallas-medical-office-building)
- [Fort Lauderdale Medical Office Building & Ambulatory Surgery Center](https://www.hammespartners.com/our-investments/fort-lauderdale-medical-office-building-ambulatory-surgery-center)
- [Hudson Valley Medical Office Buildings](https://www.hammespartners.com/our-investments/hudson-valley-medical-office-buildings)
- [Jackson Ambulatory Surgery Center & Medical Office Building Portfolio](https://www.hammespartners.com/our-investments/jackson-ambulatory-surgery-center-medical-office-building-portfolio)
- [Lehigh Valley Medical Office Buildings & Ambulatory Surgery Center](https://www.hammespartners.com/our-investments/lehigh-valley-medical-office-buildings-ambulatory-surgery-center)
- [Minneapolis Medical Office Buildings & Ambulatory Surgery Centers](https://www.hammespartners.com/our-investments/minneapolis-medical-office-buildings-ambulatory-surgery-centers)
- [New York Medical Office Building Portfolio](https://www.hammespartners.com/our-investments/new-york-medical-office-building-portfolio)
- [Oklahoma City Specialty Hospital](https://www.hammespartners.com/our-investments/oklahoma-city-specialty-hospital)
- [Seattle Medical Office Building Development](https://www.hammespartners.com/our-investments/seattle-medical-office-building-development)

## Firm

- [About Hammes Partners](https://www.hammespartners.com/about-us): Platform, fund history, investor base, and the affiliate relationships that make the model vertically integrated.
- [Our Team](https://www.hammespartners.com/hammes-partners-our-team): The investment committee and investment professionals, with individual biographies covering sourcing, underwriting, development, asset management, and portfolio strategy.
- [Impact & Responsible Investment](https://www.hammespartners.com/our-impact): How Hammes Partners approaches responsible investment across sustainability, engagement, and oversight.
- [Contact](https://www.hammespartners.com/contact-us): Milwaukee team contacts for healthcare real estate monetization, development, capital solutions, and investor relations.

## Publications

- [News & Insights](https://www.hammespartners.com/news-and-insights): All Hammes Partners publishing — insight articles on outpatient healthcare real estate and investment strategy, plus press releases on acquisitions, developments, fund milestones, and team news.

## Related sites

- [Hammes](https://www.hammes.com/): The consulting, development, and management platform. Health system and provider-services questions belong there, not here.
- [Hammes llms.txt](https://www.hammes.com/llms.txt): Machine-readable index for the operating side of the platform.

## Optional

- [Search](https://www.hammespartners.com/search)
- [Terms & Conditions](https://www.hammespartners.com/hammes-partners-terms-conditions)