Introducing the Health Care Real Estate Fund
Led by Brendan Hotchkiss — $4B+ in commercial real estate transactions — alongside a $100M family office operator and retired oral surgeon. Targeting 11.5% preferred returns from income-producing medical office buildings.
Own the Buildings Where Healthcare Happens.
Medical office buildings are the quiet powerhouse of commercial real estate — offering recession resilience, long-term leases, and tenants who never miss rent.
11.5% preferred returns
12%-13.25% projected IRR
4%-5% annual cash-on-cash (paid Quarterly)
3-4.5 year hold period
1031 DST arbitrage exit strategy
GP co-investment
A Defensive, Data-Backed Asset Class.
Demographic
Tailwinds
70M Americans turning 65 by 2030
Recession
Resilience
Outperformed during GFC, COVID, and other downturns
Low Supply,
High Demand
Limited new construction + growing outpatient care
Sticky
Tenants
Doctors invest heavily in their spaces
Consistent
Rent Growth
20+ years of upward trends
The Window Is Open — But Not Forever.
Cap rates have widened, creating a rare buying window before long-term compression returns.
Physician sale-leasebacks and off-market opportunities are at decade-high levels. This is the moment to enter.
Acquire at a discount in today’s market
Exit at a premium to DST buyers
Capture income + appreciation in one cycle
Institutional Execution.
Physician-Aligned Strategy.
Led by Brendan Hotchkiss — a $4B CRE veteran and platform founder — alongside Dr. Dipesh Sitaram, a retired oral surgeon and $100M family office operator. Together, they combine decades of real estate discipline with insider access to physician-led opportunities.
GP invests alongside you
No hidden fees, backend hurdles, or sponsor drama
Institutional quality with boutique attention
Meet the People Protecting Your Capital.
Dr. Dipesh Sitaram | COO
Retired oral surgeon, $100M family office founder, bridge of trust to physician investors.
Brendan Hotchkiss | CIO
$4B+ in commercial real estate transactions, co-founder of a national CRE listing platform, underwriting and acquisitions expert.
Our Surgical Approach to Cash Flow.
1. Acquire
Medical offices, surgery centers, and specialty clinics under $10M.
2. Target
3. Distribute
Steady quarterly income during a 3–4.5 year hold.
4. Exit
To DST buyers for a premium.
Acquire
Medical offices, surgery centers, and specialty clinics under $10M.
Target
High-credit physician tenants with triple-net leases.
Distribute
Steady quarterly income during a 3–4.5 year hold.
Exit
To DST buyers for a premium.
Built for Accredited Investors Who Value Stability.
Doctors, dentists and healthcare professionals
Real estate-savvy LPs seeking downside protection
IRA and 1031 investors
Anyone frustrated with volatile or gimmicky real estate
Why This Outperforms the 'Usual Suspects.'
Hold Period
Tenant Quality
Lease Type
Stability
Exit
FAQs
Do I need to be accredited?
Yes, our offerings are available to accredited investors only.
When do I get distributions?
Quarterly; distributions begin shortly after property acquisition stabilization and lease commencement.
How long is the hold period?
3-4.5 years for our medical office buildings, aligning with long-term NNN lease acquisitions and our accelerated 1031 DST Exit Strategy
What about compliance and risk?
Every deal is offered via a Private Placement Memorandum (PPM). While all real estate carries risk, medical office buildings have proven remarkably stable through multiple economic cycles.
Minimum investment?
The minimum is $100,000, with preferred terms and reduced fees for investments above $1,000,000.
© 2025 Healthcare Real Estate Fund II, LP | Responsible Real Estate Investment, LLC Statements, descriptions, and data on this page are for informational purposes only and relate to an investment opportunity which may be offered in the future. No offer or solicitation will be made until the necessary final documentation and agreements have been delivered to you. Forward Looking Statements. The Fund is including the following cautionary statement in this executive summary to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf of, the Fund. Forward-looking statements include statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. All such subsequent forward-looking statements, whether written or oral and whether made by or on behalf of the Fund, are also expressly qualified by these cautionary statements. Certain statements contained herein, including, without limitation, those that are identified by the use of the words “anticipates,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “predicts,” “projects,” “believes,” “seeks,” “will,” “may” and similar expressions, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Fund’s expectations, beliefs and projections are expressed in good faith and are believed by the Fund to have a reasonable basis, but there can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished.