CapGrow Partners
CapGrow Partners is a Chicago-based real estate investment firm that acquires and leases properties exclusively to behavioral health providers nationwide, operating within a non-traded REIT platform with 1,300+ lifetime leased properties across 42 states.
- Company typePrivate
- Founded2005
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What CapGrow Partners does
CapGrow Partners is a Chicago-based real estate investment firm founded in 2005 by Matt Pettinelli that acquires and leases properties exclusively to behavioral health providers across the United States. The company operates within a non-traded REIT platform and offers six integrated service lines: sale/leaseback (up to 100% equity realization), purchase/lease, build-to-suit/lease, 100% modification financing, existing landlord transfers, and merger & acquisition support. Its lifetime portfolio spans 42 states with more than 1,300 leased properties serving approximately 5,300 individuals with behavioral health needs, and the active portfolio exceeds 1,100 properties across 41 states.
The company serves a focused vertical of behavioral health providers — including mental health, applied behavior analysis (ABA) therapy, intellectual and developmental disabilities (I/DD), and substance use disorder treatment facilities — through an enterprise field-sales go-to-market model. The business development team attends approximately 50 industry conferences per year and travels over 15,000 miles visiting partners, supported by direct relationship management and content marketing through the company's blog. Underlying technology is limited to real estate portfolio management and lease administration systems; there are no disclosed APIs, AI capabilities, or technology products. Pricing is fully customized per transaction, with multi-year contract cadence and no standardized tiers.
The business model is asset-intensive and capital-driven rather than labor-intensive: with only 13 employees, CapGrow allocates REIT-backed capital across geographically agnostic deals of any size, capturing long-term triple-net lease economics while letting providers focus capital and management attention on patient care. Long-term partnerships (averaging 10-15 years, with the first Abilene, TX property still leased after nearly 20 years) and a deeply tenured executive team (averaging 12+ years) anchor what the company describes as its pioneer position in behavioral health real estate.
CapGrow Partners firmographics
Firmographics- Name
- CapGrow Partners
- Legal name
- CapGrow Partners LLC
- Website
- https://capgrowpartners.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CapGrow Partners is a Chicago-based real estate investment firm that acquires and leases properties exclusively to behavioral health providers nationwide, operating within a non-traded REIT platform with 1,300+ lifetime leased properties across 42 states.
- Ownership category
- akta.pro rank
CapGrow Partners industry classification
Industry- Product category
- Behavioral Health Real Estate Leasing
- NAICS
- Lessors of Real Estate (5311), Rental and Leasing Services (532), Lessors of Other Real Estate Property (53119)
- SIC
- Real Estate Investment Trusts (6798), Real Estate Operators (No Developers) & Lessors (6510), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)
Keywords
Where CapGrow Partners is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CapGrow Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Real Estate Leasing: CapGrow acquires and leases properties to behavioral health providers through various structures including sale/leaseback, purchase/lease, and build-to-suit arrangements. The company sits within a non-traded REIT (Real Estate Investment Trust) platform, offering agnostic location and check sizes to providers nationwide. Lease structures are long-term, triple-net or modified-net, backed by providers serving individuals with disabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom real estate solutions based on provider needs |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
CapGrow Partners product offering
Product offeringCore offering
CapGrow Partners acquires and leases real estate properties exclusively to behavioral health providers across the United States. Operating within a non-traded REIT platform, the company offers six integrated service structures—Sale/Leaseback, Purchase/Lease, Build-to-Suit/Lease, Modification Financing, Existing Landlord Transfers, and M&A support—under long-term triple-net or modified-net lease terms, agnostic to location or deal size.
Product overview
CapGrow Partners offers a unified suite of real estate leasing and acquisition services specifically designed for behavioral health providers. The core offering consists of six integrated service lines: Sale/Leaseback (enabling equity realization from owned properties), Purchase/Lease (acquiring new properties for providers), Build-to-Suit/Lease (custom construction to provider specifications), Modification Financing (100% financing for property improvements), Existing Landlord Transfers (acquiring properties from current landlords), and Merger & Acquisition Activities (real estate support during organizational transitions). The company operates within a non-traded REIT platform, offering agnostic location and check sizes to providers nationwide.
Differentiator
Problem solved
Functional benefit
Products and services
- Sale/Leaseback CapGrow purchases the provider's currently owned properties, incorporates any needed updates or required modifications, and leases the properties back to the provider—enabling up to 100% equity realization. It is designed for behavioral health providers seeking to unlock capital tied up in owned real estate.
- Purchase/Lease CapGrow identifies the best new property option for the provider, purchases the property, incorporates any required modifications, and leases the property to the provider's organization. It enables behavioral health providers to expand into new sites without upfront acquisition capital.
- Build-to-Suit/Lease CapGrow uses its expertise and resources to custom-build a property to the provider's specifications and needs, and then leases the property directly to the provider. Designed for behavioral health facilities requiring purpose-built configurations.
- Modification Financing CapGrow finances 100% of the modifications and improvements needed for any properties leased directly through the firm. Targeted at behavioral health providers needing facility upgrades or renovations without upfront capital outlay.
- Existing Landlord Transfers CapGrow acquires properties that providers currently lease from another landlord and leases them directly back to the provider, consolidating the landlord relationship. Designed for behavioral health providers looking to simplify and stabilize their real estate arrangements.
- Merger & Acquisition Activities CapGrow serves as a real estate partner for providers during mergers and acquisitions, supporting transactions across organizational changes. The service is targeted at behavioral health providers undergoing consolidation, sale, or restructuring.
Quantifiable outcome
- 100% equity realization available through sale/leaseback arrangements
- +1 more outcomes
Companies that use CapGrow Partners
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
CapGrow Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CapGrow Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ANCORminorCapGrow Partners is a member of ANCOR (American Network of Community Options and Residential Services), demonstrating alignment with the I/DD provider community and commitment to supporting providers serving individuals with disabilities.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
CapGrow Partners competitors and assessment
Company assessmentEmerging players
- Wheelhouse (Behavioral Health Real Estate): Emerging private real estate platform focused on behavioral health and human services facilities. Direct competitor in the niche behavioral health/I/DD real estate segment with similar sale/leaseback and build-to-suit offerings, though smaller and earlier-stage than CapGrow.
Broad incumbents
- Sabra Health Care REIT: Public healthcare REIT (NASDAQ: SBRA) focused on skilled nursing, senior housing, and behavioral health facilities. Provides direct competition for triple-net healthcare real estate with large institutional capital base and overlapping tenant universe in the behavioral health/I/DD segments.
- Omega Healthcare Investors: Large public healthcare REIT (NYSE: OHI) primarily in skilled nursing and assisted living triple-net leases. Comparable as a major institutional capital provider to healthcare operators, though more focused on skilled nursing than the residential/community-based behavioral health segment CapGrow serves.
- American Healthcare REIT: Public healthcare REIT (NYSE: AHR) with diversified portfolio across senior living, outpatient medical, and triple-net properties. While broader than CapGrow, it increasingly targets behavioral health and I/DD as growth verticals and serves similar provider tenants with similar sale/leaseback products.
- CareTrust REIT: Public healthcare REIT (NYSE: CTRE) primarily focused on skilled nursing and seniors housing triple-net leases. While senior-focused, it has expanded into behavioral health and operates with a similar growth-oriented, sale/leaseback-driven model targeting fragmented healthcare operators.
- Global Medical REIT: Public healthcare REIT (NYSE: GMRE) focused on net-leased medical office buildings. Broader healthcare real estate peer with similar lease structure model, though oriented toward outpatient clinics rather than residential/group-home behavioral health facilities.
- National Health Investors: Public healthcare REIT (NYSE: NHI) with senior housing and skilled nursing focus, recently expanding into behavioral health and specialty care facilities. Comparable due to long-duration triple-net lease model serving small/medium healthcare operator tenants.
- LTC Properties: Public healthcare REIT (NYSE: LTC) investing in senior living and skilled nursing properties through sale/leaseback and mortgage structures. Adjacent peer given overlapping tenant profile (small/medium healthcare operators) and similar long-term triple-net lease model, though focused on seniors rather than behavioral health.
Direct peers
- Strawberry Fields REIT: Closest direct peer. Strawberry Fields REIT specializes in acquiring and leasing real estate to skilled nursing and behavioral health operators, including I/DD providers, with a focus on sale/leaseback transactions. Directly competes with CapGrow in the behavioral health/I/DD tenant segment with similar triple-net lease structures.
Others
- Trammell Crow Company: Major commercial real estate development and investment firm where CapGrow's EVP Tim Stephens previously worked. Relevant as a real estate talent source and broader commercial real estate competitor for large portfolio transactions, but not focused on behavioral health.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CapGrow Partners social profiles
Digital presenceCapGrow Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
CapGrow Partners leadership team
Management profileNumber of profiles
Profiles5 records
CapGrow Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CapGrow Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CapGrow Partners
What does CapGrow Partners do?
CapGrow Partners acquires and leases real estate properties exclusively to behavioral health providers across the United States. Operating within a non-traded REIT platform, the company offers six integrated service structures—Sale/Leaseback, Purchase/Lease, Build-to-Suit/Lease, Modification Financing, Existing Landlord Transfers, and M&A support—under long-term triple-net or modified-net lease terms, agnostic to location or deal size.
Is CapGrow Partners a public or private company?
CapGrow Partners is a private company. It is classified as private equity controlled and is currently operating.
When was CapGrow Partners founded?
CapGrow Partners was founded in 2005. It employs 11 to 50 people.
Where is CapGrow Partners based?
CapGrow Partners is headquartered in Chicago, United States, in the North America region.
How does CapGrow Partners make money?
One revenue line is on record: real Estate Leasing.
Who are CapGrow Partners's main competitors?
Wheelhouse (Behavioral Health Real Estate) is listed as an emerging player. Broad incumbents are Sabra Health Care REIT, Omega Healthcare Investors, American Healthcare REIT, CareTrust REIT, Global Medical REIT, National Health Investors and LTC Properties. Strawberry Fields REIT is listed as a direct peer. Trammell Crow Company is listed as an others.
Does CapGrow Partners have an API?
No public API is recorded for CapGrow Partners.
What industry is CapGrow Partners in?
CapGrow Partners's product category is Behavioral Health Real Estate Leasing. Its primary akta.pro industry code is HLADAAAG, Independent Living Real Estate Owners/Operators (REITs & Management Companies). Its NAICS code is 5311 and its SIC code is 6798.